Industrial Plastic Market, By Product Type (Polyphenylene Ether, Acrylonitrile Butadiene Styrene (ABS), Polybutylene Terephthalate (PBT), PEEK, Polyamide, Polysulfone (PSU), and Others), By Application (Packaging, Building & Construction, Electrical & Ele
Industrial Plastic Market, By Product Type (Polyphenylene Ether, Acrylonitrile Butadiene Styrene (ABS), Polybutylene Terephthalate (PBT), PEEK, Polyamide, Polysulfone (PSU), and Others), By Application (Packaging, Building & Construction, Electrical & Electronics, Automotive & Transportation, Healthcare, Aerospace, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The industrial plastic market has experienced steady growth over the past few decades driven by the rising demand from end-use industries. Plastics have largely replaced traditional materials in industrial applications owing to their lightweight, durable, and corrosion-resistant properties. Additionally, plastics aid in reducing production costs for manufacturers. Some of the major industrial plastic types include polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyurethane (PU), and others. These plastics find wide applications across various industries such as construction, packaging, automotive, electronics, and other industrial verticals. Going forward, the growth of the industrial plastic market will be fueled by rising industrialization across developing nations, rapid urbanization, and increasing investment in infrastructure development projects.
Market Dynamics:
The industrial plastic market is witnessing positive growth driven by several factors. Rapid industrialization and infrastructural development activities across emerging economies are creating significant demand for durable and cost-effective plastic materials. For instance, growth in the construction and automotive industries in Asia Pacific is a major driver. Additionally, properties of plastics such as resilience to weathering, corrosion resistance, and flexibility make them suitable for industrial applications. However, volatility in raw material prices poses a major challenge as it increases production costs. Moreover, growing environmental concerns regarding plastic waste have led regulatory bodies to impose stringent norms regarding the recycling and disposal of plastics. Nevertheless, the market players are increasingly investing in R&D to develop bio-based and recyclable plastics, which is expected to present lucrative opportunities for sustainable growth over the forecast period.
Key Features of the Study:
This report provides in-depth analysis of the global industrial plastic market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial plastic market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Exxon Mobil Corporation, Sumitomo Chemical Co., Ltd., BASF SE, SABIC, Dow, Inc., Evonik Industries AG, Arkema, Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, Formosa Plastics Corporation, Covestro AG, Toray Industries, Inc., Mitsui & Co. Plastics Ltd., TEIJIN LIMITED, LG Chem, Huntsman International LLC, Chevron Phillips Chemical Co., LLC, and LyondellBasell Industries Holdings B.V.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial plastic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation-
By Product Type:
Polyphenylene Ether
Acrylonitrile Butadiene Styrene (ABS)
Polybutylene Terephthalate (PBT)
PEEK
Polyamide
Polysulfone (PSU)
Others
By Application:
Packaging
Building & Construction
Electrical & Electronics
Automotive & Transportation
Healthcare
Aerospace
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Exxon Mobil Corporation
Sumitomo Chemical Co., Ltd.
BASF SE
SABIC
Dow, Inc.
Evonik Industries AG
Arkema
Celanese Corporation
Eastman Chemical Company
Chevron Phillips Chemical Co., LLC
Formosa Plastics Corporation
Covestro AG
Toray Industries, Inc.
Mitsui & Co. Plastics Ltd.
TEIJIN LIMITED
LG Chem
Huntsman International LLC
Chevron Phillips Chemical Co., LLC
LyondellBasell Industries Holdings B.V.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Industrial Plastic Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Industrial Plastic Market
Impact Analysis
5. Global Industrial Plastic Market, By Product Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Polyphenylene Ether
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Acrylonitrile Butadiene Styrene (ABS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Polybutylene Terephthalate (PBT)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
PEEK
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Polyamide
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Polysulfone (PSU)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Industrial Plastic Market, By Application, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Building & Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Electrical & Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Automotive & Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Aerospace
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Industrial Plastic Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020-2031
North America
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn))
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa
8. Competitive Landscape
Market Share Analysis
Company Profiles
Exxon Mobil Corporation
Company Overview
Product Type Portfolio
Recent Developments/Updates
Sumitomo Chemical Co., Ltd.
Company Overview
Product Type Portfolio
Recent Developments/Updates
BASF SE
Company Overview
Product Type Portfolio
Recent Developments/Updates
SABIC
Company Overview
Product Type Portfolio
Recent Developments/Updates
Dow, Inc.
Company Overview
Product Type Portfolio
Recent Developments/Updates
Evonik Industries AG
Company Overview
Product Type Portfolio
Recent Developments/Updates
Arkema
Company Overview
Product Type Portfolio
Recent Developments/Updates
Celanese Corporation
Company Overview
Product Type Portfolio
Recent Developments/Updates
Eastman Chemical Company
Company Overview
Product Type Portfolio
Recent Developments/Updates
Chevron Phillips Chemical Co., LLC
Company Overview
Product Type Portfolio
Recent Developments/Updates
Formosa Plastics Corporation
Company Overview
Product Type Portfolio
Recent Developments/Updates
Covestro AG
Company Overview
Product Type Portfolio
Recent Developments/Updates
Toray Industries, Inc.
Company Overview
Product Type Portfolio
Recent Developments/Updates
Mitsui & Co. Plastics Ltd.
TEIJIN LIMITED
LG Chem
Huntsman International LLC
Chevron Phillips Chemical Co., LLC
LyondellBasell Industries Holdings B.V.
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About Us and Sales Contact
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