Global Plastics Market Size, Share and Trend Analysis Report 2021: PE, PP, PU, PVC, PET, Polystyrene, ABS, PBT, PPO, Epoxy Polymers, LCP, PC, Polyamide – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – The report analyzing Plastics Market Size, Share, and Trends by Product (PE, PP, PU, PVC, PET, Polystyrene, ABS, PBT, PPO, Epoxy Polymers, LCP, PC, Polyamide), by Application, By End Usage, By Region, And Segment Forecasts, 2021-2028 “report has been added ResearchAndMarkets.com to offer.
The global plastics market is expected to reach $ 750.1 billion by 2028 and grow at an annual growth rate of 3.4% from 2021 to 2028.
It is expected that rising automobile production and a subsequent increase in plastic consumption in automobile component manufacturing due to regulatory guidelines related to vehicle weight reduction and fuel efficiency will drive the market during the forecast period. Plastics enable fuel savings in automotive applications due to the lower vehicle weight and lower density compared to conventional materials such as metals or rubber.
For the past decade, there has been a significant demand for the products to replace metals and ferrous alloys in various industries such as consumer goods, automotive and industrial machinery. The growth in market criticality depends on various factors, such as the ever-increasing demands of end users on product specification and the versatility, which influences the dynamics of consumption. Other factors such as socio-political events, production process and raw material availability events also have a significant impact on industry trends.
The rapidly developing construction and automotive markets in the Asia-Pacific region are expected to increase the demand for plastics in the interior, exterior and under the hood. Main applications include under-the-hood components in the automotive industry, the interior and exterior of buildings in the construction and infrastructure industries, and various applications in electronics and the consumer goods industry.
The COVID-19 outbreak is fueling demand for plastics in the medical consumer industry. Companies are focused on increasing their resources and production capacities to meet the increasing demand.
In April 2020, for example, Exxon Mobil Corporation announced it would increase its monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns due to the spread of the coronavirus. This increase in polypropylene production is expected to help medical mask and gown makers produce an additional 20 million gowns, or 200 million medical masks.
The extrusion applications segment is expected to expand at a significant rate of growth over the forecast period. It is widely used to make straws, hoses, pipes, and window frames. The increasing demand for these products from the packaging and construction industry is expected to create lucrative growth opportunities for the extrusion applications segment in the forecast period.
Key topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Summary
Chapter 3 Market Variables, Trends, and Scope for Plastics
3.1 Penetration and growth perspective mapping
3.2 Price trend analysis
3.3 Analysis of the industry’s value chain
3.4 Regulatory framework
3.4.1 Product Classification Codes
3.4.2 Standards & Conformities
3.5 Market dynamics
3.5.1 Market driver analysis
184.108.40.206 Growth in important end-user industries
220.127.116.11 Trend reversal towards the replacement of glass and metals
3.5.2 Analysis of market restrictions
18.104.22.168 Strict Rules & Regulations
3.5.3 Industry challenges
22.214.171.124 Volatile raw material prices
3.5.4 Macroeconomic Analysis
126.96.36.199 PESTEL analysis
188.8.131.52 Gross domestic product by country from 2017 to 2019
184.108.40.206 Per capita consumption of plastic by country, 2019 (in kg)
3.6 Industry analysis: plastics market
3.6.1 Porter’s five forces analysis
Chapter 4 Plastics Market: Product Estimates and Trend Analysis
4.1 Market: Product Movement Analysis, 2020 & 2028
4.2 polyethylene (PE)
4.3 polypropylene (PP)
4.4 Polyurethane (PU)
4.5 polyvinyl chloride (PVC)
4.6 polyethylene terephthalate (PET)
4.7 polystyrene (PS)
4.8 Acrylonitrile Butadiene Styrene (ABS)
4.9 Polybutylene terephthalate (PBT)
4.10 polyphenylene oxide (PPO)
4.11 epoxy polymers
4.12 Liquid Crystal Polymers
4.13 Polyetheretherketone (PEEK)
4.14 polycarbonate (PC)
4.15 polyamide (PA)
4.16 Polysulfone (PSU)
4.17 Polyphenylsulfone (PPSU)
Chapter 5 Plastics Market: Application Estimates and Trend Analysis
5.1 Market: Analysis of Application Movements, 2020 & 2028
5.2 injection molding
5.3 Blow molding
5.4 Rotomoulding Mold
5.5 Compression molding
Chapter 6 Plastics Market: End Use Estimates and Trend Analysis
6.1 Market: End Use Movement Analysis, 2020 & 2028
6.4 Electrics & Electronics
6.6 Medical devices
6.8 Furniture & bedding
6.9 Consumer Goods
Chapter 7 Plastics Market: Regional Estimates and Trend Analysis
7.1 Plastics Market: Regional Movement Analysis, 2020 & 2028
Chapter 8 Competitive Analysis
8.1 Global players, recent developments and their effects on the industry
8.2 Competitive scenario & market share estimates
8.3 Provider landscape
8.4 Strategy framework
Chapter 9 Company Profiles
DuPont de Nemours, Inc.
Sumitomo Chemical Co., Ltd.
Lyondellbasell Industries Holdings BV
Eastman Chemical Company
Exxon Mobil Corporation
Formosa Plastic Corporation
Toray Industries, Inc.
Mitsui & Co. Plastic Ltd.
Chevron Phillips Chemical Co., LLC
Please visit https://www.researchandmarkets.com/r/vmscx3 for more information on this report