Market Overview:
The global thermoplastic synthetic resin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermoplastic synthetic resins from various end-use industries, such as automotive, electrical appliances, and medical field. In addition, the growing demand for lightweight and durable products is also fueling the growth of this market. Based on type, polyethylene is expected to lead the global thermoplastic synthetic resin market during the forecast period. Polyethylene offers excellent properties such as high strength-to-weight ratio and resistance against corrosion and abrasion. It is widely used in manufacturing automotive parts, electrical appliances, medical devices & supplies, tools & equipment components etc., owing to which its demand is projected to increase in future years. Based on application, electronic products are anticipated to account for a major share of the global thermoplastic synthetic resin market during 2018–2030 owing to its growing use in smartphones & tablets; LED lights; television sets; home appliances etc.
Product Definition:
Thermoplastic synthetic resin is a polymer that becomes soft and moldable when heated and hardens again when cooled. It is used in a variety of products, including toys, bottles, and food packaging.
Polyethylene:
PE is a widely used thermoplastic resin in various end-use industries. It is produced from ethylene and co-monomers which are derived from crude oil. PE has the ability to be heated to very high temperatures without decomposing into other compounds, unlike most of the other plastics or resins that tend to decompose when exposed to high heat. This property makes it suitable for use in hot melt adhesives, electrical insulation and as a general engineering material among others.
Polypropylene:
Polypropylene is a synthetic resin and has the chemical formula as CPP. It is also known as 2-hydroxyethyl methacrylate or polymethacrylate. Polypropylene can be segmented on the basis of grades which include PP grade I, PP grade II, PP grade III and high impact polypropylene (HIPR).
Application Insights:
Electronic products were the largest segment and accounted for a revenue share of over 35% in 2017. Thermoplastic synthetic resins are used to manufacture electronic devices owing to their properties such as high durability, low friction coefficient, high thermal shock resistance & low wear & tear. They are also used to manufacture electrical appliances such as refrigerators, microwave ovens and washing machines among others. The product has an extensive use in manufacturing automobile parts including transmission belts, hoses and sensors among others.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to high product demand from various end-use industries, such as automotive and electrical & electronics. The region accounted for a share of more than 35% in terms of revenue in 2017. Increasing disposable income coupled with growing population has resulted in high product consumption across Asia Pacific.
The industry is witnessing healthy growth due to increasing investments by domestic manufacturers and foreign investors alike, which has led to an increase in production capacities across emerging economies such as China, India, Thailand and Indonesia among others. In addition, favorable government policies encouraging FDI are anticipated to boost manufacturing activities across all sectors including thermoplastic synthetic resin producing companies within Asia Pacific region thus positively influencing global thermoplastic synthetic resin market growth over the forecast period.
North America was estimated at USD X billion (RMB 13 billion)in 2017 owing its presence at key manufacturing hubs for end-use industries such as automotive.
Growth Factors:
- Increasing demand from end-use industries: The global thermoplastic synthetic resin market is witnessing a significant growth due to the increasing demand from end-use industries such as automotive, construction, and electrical & electronics.
- Rising awareness about the benefits of thermoplastic synthetic resin: The growing awareness about the benefits of thermoplastic synthetic resin is another key factor driving its market growth. It offers superior performance over traditional materials such as metal and glass in terms of weight, strength, and durability.
- Technological advancements: The development of new technologies for manufacturing thermoplastic synthetic resins is also propelling its market growth. These resins are now being manufactured using advanced techniques that offer better quality and performance than traditional methods.
- Growing popularity of composites: Thermoplastic synthetic resins are increasingly being used in composites owing to their superior properties such as light weight, high strength, and corrosion resistance among others. This is further propelling the market growth globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoplastic Synthetic Resin Market Research Report
By Type
Polyethylene, Polypropylene, Polystyrene, PVC, PET, ABS, Others
By Application
Electronic Products, Electrical Appliances, Auto Parts, Medical Field, Tools, Mechanical Parts, Daily Necessities, Others
By Companies
DuPont, Mitsui Chemicals, SABIC, Evonik, BASF, Covestro, Huntsman, Tosoh, Lubrizol, Huafon Group, DuPont, Lejoin, Kent Elastomer Products, Hangzhou Sumengte Technology Co., Ltd., Changchun Gaoqi Polyimide Material Co., Ltd., Nanjing Yuezi Chemical Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Thermoplastic Synthetic Resin Market Report Segments:
The global Thermoplastic Synthetic Resin market is segmented on the basis of:
Types
Polyethylene, Polypropylene, Polystyrene, PVC, PET, ABS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic Products, Electrical Appliances, Auto Parts, Medical Field, Tools, Mechanical Parts, Daily Necessities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- Mitsui Chemicals
- SABIC
- Evonik
- BASF
- Covestro
- Huntsman
- Tosoh
- Lubrizol
- Huafon Group
- DuPont
- Lejoin
- Kent Elastomer Products
- Hangzhou Sumengte Technology Co., Ltd.
- Changchun Gaoqi Polyimide Material Co., Ltd.
- Nanjing Yuezi Chemical Co., Ltd.
Highlights of The Thermoplastic Synthetic Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyethylene
- Polypropylene
- Polystyrene
- PVC
- PET
- ABS
- Others
- By Application:
- Electronic Products
- Electrical Appliances
- Auto Parts
- Medical Field
- Tools
- Mechanical Parts
- Daily Necessities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoplastic Synthetic Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoplastic synthetic resin is a type of plastic that can be heat-treated to make it more durable. It is also known as thermoplastic elastomer, polyolefin, or simply elastomer.
Some of the major companies in the thermoplastic synthetic resin market are DuPont, Mitsui Chemicals, SABIC, Evonik, BASF, Covestro, Huntsman, Tosoh, Lubrizol, Huafon Group, DuPont, Lejoin, Kent Elastomer Products, Hangzhou Sumengte Technology Co., Ltd., Changchun Gaoqi Polyimide Material Co., Ltd., Nanjing Yuezi Chemical Co., Ltd..
The thermoplastic synthetic resin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoplastic Synthetic Resin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermoplastic Synthetic Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoplastic Synthetic Resin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermoplastic Synthetic Resin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermoplastic Synthetic Resin Market Size & Forecast, 2018-2028
4.5.1 Thermoplastic Synthetic Resin Market Size and Y-o-Y Growth
4.5.2 Thermoplastic Synthetic Resin Market Absolute $ Opportunity
Chapter 5 Global Thermoplastic Synthetic Resin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermoplastic Synthetic Resin Market Size Forecast by Type
5.2.1 Polyethylene
5.2.2 Polypropylene
5.2.3 Polystyrene
5.2.4 PVC
5.2.5 PET
5.2.6 ABS
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermoplastic Synthetic Resin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermoplastic Synthetic Resin Market Size Forecast by Applications
6.2.1 Electronic Products
6.2.2 Electrical Appliances
6.2.3 Auto Parts
6.2.4 Medical Field
6.2.5 Tools
6.2.6 Mechanical Parts
6.2.7 Daily Necessities
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoplastic Synthetic Resin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermoplastic Synthetic Resin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermoplastic Synthetic Resin Analysis and Forecast
9.1 Introduction
9.2 North America Thermoplastic Synthetic Resin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermoplastic Synthetic Resin Market Size Forecast by Type
9.6.1 Polyethylene
9.6.2 Polypropylene
9.6.3 Polystyrene
9.6.4 PVC
9.6.5 PET
9.6.6 ABS
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermoplastic Synthetic Resin Market Size Forecast by Applications
9.10.1 Electronic Products
9.10.2 Electrical Appliances
9.10.3 Auto Parts
9.10.4 Medical Field
9.10.5 Tools
9.10.6 Mechanical Parts
9.10.7 Daily Necessities
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermoplastic Synthetic Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoplastic Synthetic Resin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermoplastic Synthetic Resin Market Size Forecast by Type
10.6.1 Polyethylene
10.6.2 Polypropylene
10.6.3 Polystyrene
10.6.4 PVC
10.6.5 PET
10.6.6 ABS
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermoplastic Synthetic Resin Market Size Forecast by Applications
10.10.1 Electronic Products
10.10.2 Electrical Appliances
10.10.3 Auto Parts
10.10.4 Medical Field
10.10.5 Tools
10.10.6 Mechanical Parts
10.10.7 Daily Necessities
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermoplastic Synthetic Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoplastic Synthetic Resin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermoplastic Synthetic Resin Market Size Forecast by Type
11.6.1 Polyethylene
11.6.2 Polypropylene
11.6.3 Polystyrene
11.6.4 PVC
11.6.5 PET
11.6.6 ABS
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermoplastic Synthetic Resin Market Size Forecast by Applications
11.10.1 Electronic Products
11.10.2 Electrical Appliances
11.10.3 Auto Parts
11.10.4 Medical Field
11.10.5 Tools
11.10.6 Mechanical Parts
11.10.7 Daily Necessities
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermoplastic Synthetic Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoplastic Synthetic Resin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermoplastic Synthetic Resin Market Size Forecast by Type
12.6.1 Polyethylene
12.6.2 Polypropylene
12.6.3 Polystyrene
12.6.4 PVC
12.6.5 PET
12.6.6 ABS
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermoplastic Synthetic Resin Market Size Forecast by Applications
12.10.1 Electronic Products
12.10.2 Electrical Appliances
12.10.3 Auto Parts
12.10.4 Medical Field
12.10.5 Tools
12.10.6 Mechanical Parts
12.10.7 Daily Necessities
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermoplastic Synthetic Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoplastic Synthetic Resin Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermoplastic Synthetic Resin Market Size Forecast by Type
13.6.1 Polyethylene
13.6.2 Polypropylene
13.6.3 Polystyrene
13.6.4 PVC
13.6.5 PET
13.6.6 ABS
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermoplastic Synthetic Resin Market Size Forecast by Applications
13.10.1 Electronic Products
13.10.2 Electrical Appliances
13.10.3 Auto Parts
13.10.4 Medical Field
13.10.5 Tools
13.10.6 Mechanical Parts
13.10.7 Daily Necessities
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermoplastic Synthetic Resin Market: Competitive Dashboard
14.2 Global Thermoplastic Synthetic Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Mitsui Chemicals
14.3.3 SABIC
14.3.4 Evonik
14.3.5 BASF
14.3.6 Covestro
14.3.7 Huntsman
14.3.8 Tosoh
14.3.9 Lubrizol
14.3.10 Huafon Group
14.3.11 DuPont
14.3.12 Lejoin
14.3.13 Kent Elastomer Products
14.3.14 Hangzhou Sumengte Technology Co., Ltd.
14.3.15 Changchun Gaoqi Polyimide Material Co., Ltd.
14.3.16 Nanjing Yuezi Chemical Co., Ltd.
