Market Overview:
The global plastic pellet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic pellets from various end-use industries, such as automotive, construction, electronics, and packaging. In terms of type, LDPE is expected to lead the global market during the forecast period owing to its properties such as toughness and flexibility. In terms of application, automotive is expected to be one of the fastest-growing segments in the global market due to rising demand for lightweight vehicles across regions.
Product Definition:
A plastic pellet is a small, round piece of plastic that is used to make things like bottles and containers. It is melted down and formed into the desired shape.
LDPE:
LDPE (Low-Density Polyethylene) is a thermoplastic polymer, produced from the catalytic polymerization of ethylene. It has high resistance to solvents and possesses excellent low-temperature properties. LDPE is widely used in various applications including packaging, consumer goods, industrial products & equipment and automotive components owing to its superior characteristics such as lightweight & high impact strength along with good chemical resistance at elevated temperatures.
PET:
PET is Polyethylene Terephthalate, a non-toxic, lightweight & flexible plastic with high resistance to solvents. It offers excellent mechanical strength and thermal stability making it ideal for manufacturing of bottles & containers in various sizes and shapes.
Application Insights:
The automotive application segment led the global plastic pellet market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Plastic pellets are used for manufacturing automobile parts such as engine components, interior compartments, exterior body panels, and lighting systems using high-temperature plastics.
Automotive applications include passenger cars (light vehicles), commercial vehicles (such as trucks), heavy-duty vehicles (such as buses or coaches) and off-roaders. Increasing demand for lightweight materials has resulted in an increased use of plastic pellets in automotive applications owing to their properties such as impact resistance & durability along with cost reduction benefits over traditional raw materials such as steel & aluminum alloys.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, which has resulted in an increased demand for plastic pellets from various end-use industries. China is a major consumer and producer of these products owing to its abundant raw material supply coupled with low labor cost.
The Asia Pacific was followed by Europe, which accounted for a share of more than 20% in terms of volume consumed in 2017 due to high automotive production levels coupled with construction activities across several countries including Russia, Italy, Germany and France among others.
Growth Factors:
- Increasing demand from packaging and automotive industries
- Rising awareness about the benefits of using recycled plastic pellets
- Growing popularity of 3D printing technology
- Proliferation of plastics recycling facilities worldwide
- Technological advancements in manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Pellet Market Research Report
By Type
LDPE, PET, HDPE, PE, PVC, PP, ABS, Other
By Application
Automotive, Construction, Electronics, Machinery, Packaging
By Companies
Dow, BASF, Dupont, ExxonMobil, Sabic, LG Chemical, Chevron Phillips Chemical, Lyondellbasell, Formosa, INEOS
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Pellet Market Report Segments:
The global Plastic Pellet market is segmented on the basis of:
Types
LDPE, PET, HDPE, PE, PVC, PP, ABS, Other
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
Automotive, Construction, Electronics, Machinery, Packaging
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:
- Dow
- BASF
- Dupont
- ExxonMobil
- Sabic
- LG Chemical
- Chevron Phillips Chemical
- Lyondellbasell
- Formosa
- INEOS
Highlights of The Plastic Pellet 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:
- LDPE
- PET
- HDPE
- PE
- PVC
- PP
- ABS
- Other
- By Application:
- Automotive
- Construction
- Electronics
- Machinery
- Packaging
- 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 Plastic Pellet 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?
A plastic pellet is a small, round object made from polyethylene or other plastics. They are used in products such as food packaging and toys.
Some of the major companies in the plastic pellet market are Dow, BASF, Dupont, ExxonMobil, Sabic, LG Chemical, Chevron Phillips Chemical, Lyondellbasell, Formosa, INEOS.
The plastic pellet market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Pellet Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Pellet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Pellet Market - Supply Chain
4.5. Global Plastic Pellet Market Forecast
4.5.1. Plastic Pellet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Pellet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Pellet Market Absolute $ Opportunity
5. Global Plastic Pellet Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Pellet Market Size and Volume Forecast by Type
5.3.1. LDPE
5.3.2. PET
5.3.3. HDPE
5.3.4. PE
5.3.5. PVC
5.3.6. PP
5.3.7. ABS
5.3.8. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Pellet Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Pellet Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Construction
6.3.3. Electronics
6.3.4. Machinery
6.3.5. Packaging
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Pellet Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Pellet Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Pellet Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Pellet Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Pellet Demand Share Forecast, 2019-2029
9. North America Plastic Pellet Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Pellet Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Pellet Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Construction
9.4.3. Electronics
9.4.4. Machinery
9.4.5. Packaging
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Pellet Market Size and Volume Forecast by Type
9.7.1. LDPE
9.7.2. PET
9.7.3. HDPE
9.7.4. PE
9.7.5. PVC
9.7.6. PP
9.7.7. ABS
9.7.8. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Pellet Demand Share Forecast, 2019-2029
10. Latin America Plastic Pellet Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Pellet Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Pellet Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Construction
10.4.3. Electronics
10.4.4. Machinery
10.4.5. Packaging
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Pellet Market Size and Volume Forecast by Type
10.7.1. LDPE
10.7.2. PET
10.7.3. HDPE
10.7.4. PE
10.7.5. PVC
10.7.6. PP
10.7.7. ABS
10.7.8. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Pellet Demand Share Forecast, 2019-2029
11. Europe Plastic Pellet Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Pellet Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Pellet Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Construction
11.4.3. Electronics
11.4.4. Machinery
11.4.5. Packaging
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Pellet Market Size and Volume Forecast by Type
11.7.1. LDPE
11.7.2. PET
11.7.3. HDPE
11.7.4. PE
11.7.5. PVC
11.7.6. PP
11.7.7. ABS
11.7.8. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Pellet Demand Share, 2019-2029
12. Asia Pacific Plastic Pellet Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Pellet Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Pellet Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Construction
12.4.3. Electronics
12.4.4. Machinery
12.4.5. Packaging
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Pellet Market Size and Volume Forecast by Type
12.7.1. LDPE
12.7.2. PET
12.7.3. HDPE
12.7.4. PE
12.7.5. PVC
12.7.6. PP
12.7.7. ABS
12.7.8. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Pellet Demand Share, 2019-2029
13. Middle East & Africa Plastic Pellet Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Pellet Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Pellet Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Construction
13.4.3. Electronics
13.4.4. Machinery
13.4.5. Packaging
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Pellet Market Size and Volume Forecast by Type
13.7.1. LDPE
13.7.2. PET
13.7.3. HDPE
13.7.4. PE
13.7.5. PVC
13.7.6. PP
13.7.7. ABS
13.7.8. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Pellet Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Plastic Pellet Market: Market Share Analysis
14.2. Plastic Pellet Distributors and Customers
14.3. Plastic Pellet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dow
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dupont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ExxonMobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sabic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chevron Phillips Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lyondellbasell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Formosa
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. INEOS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
