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Top 10 Plastics Market: Global Forecast until 2021

  • February 2017
  • 153 pages
  • ID: 4706380
In this report:
It is expected to grow at a value CAGR of ##.##% in the forecast period to reach around ##.## million tons in 2021
It accounted for a market size of ##.## million tonss and USD ##.## billion in 2016 and is expected to grow at a CAGR of ##.##% and ##.##% by value and volume respectively in the forecast period .
Polyoxymethylene(POM)accounted for a market size of ##.## million tons in 2015 and is expected to grow at a CAGR of ##.##% in the forecast period to reach around ##.## million tons by 2021

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"Increase in main end-use markets, like automotive, building & construction, packaging, electrical & electronics, and construction, drives the overall top 10 plastics market"

The overall top 10 plastics market is estimated to grow ~$586.2B by 2021, at a compound annual growth rate of ~6.8 percent. The market value is expected to grow at a compound annual growth rate (CAGR) of ~4.7 percent to reach 332.4 million tons by 2021. The industry in the Asia-Pac region is driven by the growing disposable income and the increasing population, which have led to the increased consumption of plastic products. Globally, the substitution of metal-based products with different plastic materials and the demand of lightweight plastic materials in several end-use sectors are forecasted to further boost the increase of the top 10 plastics market. Availability of other polymer resins, which provide stiff competition to engineering plastics, and apprehensions concerning the disposal of plastic waste are top factors restraining the rise of the overall top 10 plastics market.

"Polypropylene: The quickest increasing type segment of the market"

Polypropylene is forecasted to be the quickest-rising type segment of the top 10 plastics market between 2016 and 2021, recording a Compound annual growth rate of ~9.3 percent by value. The quick increase of this segment is assigned to polypropylene's use in applications including film & sheet, injection molding, fibers & raffia, and so on. Properties, including low density, high stiffness, good transparency, and heat resistance among others, drive its demand globally. Polypropylene has advantages over PE, including improved strength, stiffness, and higher temperature resistance, which make it the quickest-increasing application segment of the top 10 plastics market.

"Textile: The quickest-rising application segment of the market"

Textile is the quickest-increasing application segment of the overall top 10 plastics market. The extensive use of polyamide, especially in the manufacturing of nylon, and high consumption of polyesters in the manufacturing of distinct types of fabrics are driving the overall top 10 plastics market. The use of plastic materials in textile mills for tenter frames, looms, wear-resistant bearings, templates, patterns, work surfaces, and miscellaneous components is also likely to drive the industry demand in the textile application of the market.

"Asia Pacific (APAC): The quickest increasing market for cross-linked polyethylene"

The Asia Pacific (APAC) area is the quickest developing market for top 10 plastics, in terms of value importance and quantity. Growing investments by firms, especially in the automotive industry; the increasing shift of production facilities to emerging economies; and strong industrial base in the construction market are the main factors providing to the increase of the top 10 plastics market in this area.

The market research also offers company analysis and competitive landscape approved by the main market players, including Dow Chemical (NYSE:DOW), Borealis AG, ExxonMobil Chemical Company, Incorporated, Ach Foam Technologies Vinnolit GmbH & Co. KG, E. I. du Pont de Nemours and Organization, Polyplastics Co., Limited, Solvay (EBR:SOLB), Saudi Basic Industries Corporation, and Huntsman (NYSE:UN), among others.

Segment Research

The industry report includes the overall top 10 plastics market and its applications across various industry verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market across several segments, including type and application. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, latest developments, and key industries strategies.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized different levels of analyses - industry study, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the top 10 plastics market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on top 10 plastics provided by the top actors in the overall top 10 plastics market.

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the overall top 10 plastics market.

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for top 10 plastics across localities.

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall top 10 plastics market.

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall top 10 plastics market.

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