September 23, 2021
Industrial Plastic

Industrial Plastic Market to Reach US$ 109.20 Billion, Globally, by 2027

Precedence Research has published a new report titled Industrial Plastic Market By Product (Acrylonitrile Butadiene Styrene, Polyphenylene Ether, Polybutylene Terephthalate, Polyamide, PEEK, Polysulfone, Liquid Crystal Polymers, Polyphenylsulfone, Polytetrafluoroethylene, Polyetherimide, Polycarbonate and Others; By Application: Building & Construction, Packaging, Electrical & Electronics, Healthcare, Automotive & Transportation, Aerospace and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027″, the global industrial plastic market size is expected to grow US$ 109.20 Billion by 2027, decelerating at a CAGR of over 4.9% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The global industrial plastic market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the industrial plastic industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global industrial plastic Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Market Estimations:

Market Was Valued In 2019 US$ 74.48 Billion
Market Is Projected To Grow By 2027 US$ 109.20 Billion
Compound Annual Growth Rate (CAGR) 4.9 percent from 2020 to 2027

Industrial plastic is a synthetic compound that are largely used in the various industrial applications that include automotive, packaging, electronics & electrical, construction, healthcare, aerospace & defense, and many other industries. Advanced properties offered by these plastics such as moldability, high tensile strength, and excellent mechanical properties makes them favorable for the industrial applications. Some of the industrial plastics are categorized as Acrylonitrile Butadiene Styrene (ABS), Polyphenylene Ether, Polybutylene Terephthalate (PBT), Polyamide, PEEK, Polysulfone (PSU), Liquid Crystal Polymers, Polyphenylsulfone (PPSU), Polytetrafluoroethylene (PTFE), Polyetherimide, and Polycarbonate.

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Growth Factors

Increasing application of plastic materials in packaging, construction, healthcare, transportation, electronics, and many other industries expected to propel the demand for the product over the coming years. Changing purchasing trend from offline to online along with eating habits have prominently triggered the growth of packaging industry over the recent past and expected to influence the market growth as well in the near future. Further, increasing innovations in the electronics & electrical industry has opened up new horizons for the plastic manufacturers to gain significant foothold in the end-use sector.

Apart from the sluggish growth of automotive industry, growing emphasis towards lighter vehicles and electric cars projected to provide new opportunities to the industrial plastic manufacturers over the coming years. Strict regulatory policies by the governments of several regions have further favored the industry growth for industrial plastics.

Report Highlights

  • The Asia Pacific captured the major market share in terms of value in 2019 and expected to continue the same trend over the coming years due to well-established manufacturing base in the region
  • Stringent government regulations for chemical industries in Europe estimated to provide alluring opportunities for renewable and environment-friendly plastic materials in the region
  • In respect to revenue, polyamide captured the largest segment share in 2019 accounting for nearly 40% owing to its attractive properties such as dimensional stability, sliding friction, rigidity, and chemical resistance
  • Polycarbonate exhibits lucrative growth during the forthcoming years because of its significant demand from transportation and electrical & electronics sectors
  • Automotive is a major application segment for the industrial plastics owing to its notable contribution in the weight reduction of a vehicle

Regional Snapshots

The Asia Pacific is the major market for industrial plastics across the globe and anticipated to retain its dominant position over the forthcoming years. Shifting manufacturing bases of several industries owing to reduced cost of raw material and labor that further reduces the overall production cost and increases the profit ratio to the manufacturers expected to be a major factor that propels the market growth in the region. Further, rising demand for personal transportation system due to rise in the disposable income and purchasing power of the consumer predicted to further drive the market for the Asia Pacific.

Europe market witnesses a slow growth over the past timeframe and expected to recover its growth in the coming years. Stringent emission norms for the industries particularly for the chemical industry expected to be the major factors restricts the market growth in the region. However, significant demand from the automotive industry as a substitute of heavy components is likely to further prosper the market growth in the region.

On the contrary, recent outbreak of COVID-19 in the staring of 2020 anticipated to hinder the product demand primarily in electrical & electronics, automotive, construction, and consumer goods applications. The outbreak has further resulted in the restrictions on supply & transport, halt or slowdown in manufacturing processes, and infrastructure slowdown that expected to have a negative impact on the demand for industrial plastics in the coming years.

Related Reports

  • Plastic Compounding Market – The global market size was valued at US$ 58.79 billion in 2019 and expected to reach US$ 104.1 billion by 2027 with a CAGR of around 6.71% during period 2020 to 2027.

  • Biodegradable Plastic Market – The global market size was valued at USD 3.39 Billion in 2019 and expected to reach USD 7.06 Billion by 2027 and poised to grow at a compound annual growth rate (CAGR) of 9.6% during the forecast period 2020 to 2027.

  • Medical Plastic Compounds Market – The global market was valued at USD 52.24 billion in 2019 and expected to reach USD 79.56 billion by 2027, at a compound annual growth rate (CAGR) of 5.4% during the forecast period 2020 to 2027.

Key Players & Strategies

The market players operating in the global industrial plastics market are facing stiff competition from their competitors owing to high variations in the product offerings and an on-going trend to collaborate raw material production facility with the distribution channel to enhance the product quality. Increasing demand for the environment-friendly plastics from numerous end-use industries is likely to offer immense growth opportunity for the industry players along with strengthening their foothold in the market. In addition, the companies are also investing prominently in the research &development activities to develop new and advanced industrial plastic products to sustain the market competition as well as rapidly changing consumer requirements.

Some of the prominent players in the industrial plastic market include:

  • SABIC
  • BASF SE
  • Victrex Plc
  • Evonik Industries AG
  • EnsingerGmbh
  • Lyondellbasell Industries Holdings B.V.
  • Eastman Chemical Company
  • Arkema S.A.
  • Solvay S.A.
  • Teijin Limited
  • Formosa Plastics Corporation
  • Mitsubishi Engineering-Plastics Corporation
  • Toray Industries, Inc.
  • Covestro AG
  • Mitsui & Co., Ltd.

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of product, application, and region:

By Product

  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyphenylene Ether
  • Polybutylene Terephthalate (PBT)
  • Polyamide
  • PEEK
  • Polysulfone (PSU)
  • Liquid Crystal Polymers
  • Polyphenylsulfone (PPSU)
  • Polytetrafluoroethylene (PTFE)
  • Polyetherimide
  • Polycarbonate
  • Others

By Application

  • Building & Construction
  • Packaging
  • Electrical & Electronics
  • Healthcare
  • Automotive & Transportation
  • Aerospace
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Industrial Plastic Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial Plastic Market

5.1. Covid-19: Industrial Plastic Industry Impact
5.2. Industrial Plastic Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Industrial Plastic Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Industrial Plastic Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Industrial Plastic Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Significant Demand of Plastic as an Alternative of Glass and Metal
6.1.2. Market Restraints
6.1.2.1. Volatile Prices of Raw Materials
6.1.3. Market Opportunities
6.1.3.1. Increasing Demand from Various End-use Industries
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Industrial Plastic Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Industrial Plastic Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Industrial Plastic Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Industrial Plastic Market Production by Manufacturer (2015-2020)
7.1.1.4. Industrial Plastic Market Production Market Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Manufacturers Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Industrial Plastic Market, By Product

8.1. Industrial Plastic Market, by Product, 2016-2027
8.1.1. Acrylonitrile Butadiene Styrene (ABS)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Polyphenylene Ether
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Polybutylene Terephthalate (PBT)
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Polyamide
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)
8.1.5. PEEK
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.5.2. Market Production and Forecast (2016-2027)
8.1.6. Polysulfone (PSU)
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.6.2. Market Production and Forecast (2016-2027)
8.1.7. Liquid Crystal Polymers
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.7.2. Market Production and Forecast (2016-2027)
8.1.8. Polyphenylsulfone (PPSU)
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.8.2. Market Production and Forecast (2016-2027)
8.1.9. Polytetrafluoroethylene (PTFE)
8.1.9.1. Market Revenue and Forecast (2016-2027)
8.1.9.2. Market Production and Forecast (2016-2027)
8.1.10. Polyetherimide
8.1.10.1. Market Revenue and Forecast (2016-2027)
8.1.10.2. Market Production and Forecast (2016-2027)
8.1.11. Polycarbonate
8.1.11.1. Market Revenue and Forecast (2016-2027)
8.1.11.2. Market Production and Forecast (2016-2027)
8.1.12. Others
8.1.12.1. Market Revenue and Forecast (2016-2027)
8.1.12.2. Market Production and Forecast (2016-2027)

Chapter 9. Global Industrial Plastic Market, By Application

9.1. Industrial Plastic Market, by Application, 2016-2027
9.1.1. Building & Construction
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Consumption and Forecast (2016-2027)
9.1.2. Packaging
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Consumption and Forecast (2016-2027)
9.1.3. Electrical & Electronics
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Consumption and Forecast (2016-2027)
9.1.4. Healthcare
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.4.2. Market Consumption and Forecast (2016-2027)
9.1.5. Automotive & Transportation
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.5.2. Market Consumption and Forecast (2016-2027)
9.1.6. Aerospace
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.6.2. Market Consumption and Forecast (2016-2027)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2016-2027)
9.1.7.2. Market Consumption and Forecast (2016-2027)

Chapter 10. Global Industrial Plastic Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Production Forecast by Product (2016-2027)
10.1.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2016-2027)
10.1.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2016-2027)
10.1.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Production Forecast by Product (2016-2027)
10.2.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2016-2027)
10.2.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2016-2027)
10.2.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2016-2027)
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2016-2027)
10.2.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Forecast by Product (2016-2027)
10.3.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2016-2027)
10.3.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2016-2027)
10.3.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2016-2027)
10.3.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2016-2027)
10.3.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue and Production Forecast by Product (2016-2027)
10.4.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2016-2027)
10.4.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2016-2027)
10.4.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Forecast by Product (2016-2027)
10.5.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2016-2027)
10.5.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2016-2027)
10.5.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2016-2027)
10.5.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2016-2027)
10.5.6.2. Market Revenue and Consumption Forecast (2016-2027)

Chapter 11. Company Profiles

11.1. SABIC
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. BASF SE
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. Victrex Plc
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. Evonik Industries AG
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. EnsingerGmbh
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Lyondellbasell Industries Holdings B.V.
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. Eastman Chemical Company
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Arkema S.A.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. Solvay S.A.
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. Teijin Limited
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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