by Precedence Research a new report on industrial plastic Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global industrial plastic market size was valued at US$ 74.48 billion in 2019. The global industrial plastic market is projected to reach US$ 109.20 billion by 2027, registering a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2020 to 2027.
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Table of Contents
Industrial Plastic Market 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.
Industrial Plastic Market Report Scope
| Report Highlights | Details |
| Market Size | USD 109.20 Billion by 2027 |
| Growth Rate | CAGR of 4.9% from 2021 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | Europe |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Type, Application, Region |
The global industrial plastic market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per industrial plastic, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
industrial plastic Market 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
Read Also@ Medical Plastic Compounds Market Might Exceed 79.56 bn By 2027
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.
Industrial Plastic market Segmentation
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
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the industrial plastic market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global industrial plastic market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global industrial plastic market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global industrial plastic market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global industrial plastic market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for industrial plastic are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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