Quick Summary:
In today's expanding and ever-evolving world, the global thermoplastics market is a key player. With an estimated value of US$19.4 Billion in 2022, the market's trajectory is set to continue upward, hitting an impressive US$28 Billion by 2030. The robust growth of this market is a clear testament to the expanding applications and the rising demand for these materials across a variety of industries.
China, with its juggernaut economy, presents impactful opportunities for growth, with a projected CAGR of 7.8% from 2022 to 2030. Other key geographic markets like the U.S., Japan, Canada and Germany are also experiencing growth, underlying the global reach of these versatile products.
The report offers a deep dive into this substantial market, providing insights on global competitiveness, market shares of key competitors and market presence across multiple geographies. Additional perks include access to digital archives, bespoke updates, and complimentary updates for one year. Stake a claim in your industry's future - equip your business with the inside knowledge this comprehensive market research report offers.
Global Thermoplastics Market to Reach $28 Billion by 2030
The global market for Thermoplastics estimated at US$19.4 Billion in the year 2022, is projected to reach a revised size of US$28 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Polypropylene, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$8.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyethylene segment is readjusted to a revised 4.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 7.8% CAGR
The Thermoplastics market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.Select Competitors (Total 41 Featured) -
- 3M Company
- A. Schulman, Inc.
- Arkema Group
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Chevron Phillips Chemical Company LLC
- Covestro AG
- Daicel Corporation
- Dow, Inc.
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- Evonik Industries AG
- INEOS Styrolution Group GmbH
- Lanxess AG
- LG Chem Ltd.
- LyondellBasell Industries NV
- Mitsubishi Engineering-Plastics Corporation
- Polyplastics Co., Ltd.
- Rochling SE & Co. KG
- Royal DSM NV
- SABIC Innovative Plastics
- Solvay SA
- Teijin Limited
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Thermoplastics?
What is the growth rate of the Global Market for Thermoplastics?
What is the forecasted size of the Global Market for Thermoplastics?
Who are the key companies in the Global Market for Thermoplastics?
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 19.4 Billion |
| Forecasted Market Value ( USD | $ 28 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M Company
- A. Schulman, Inc.
- Arkema Group
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Chevron Phillips Chemical Company LLC
- Covestro AG
- Daicel Corporation
- Dow, Inc.
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- Evonik Industries AG
- INEOS Styrolution Group GmbH
- Lanxess AG
- LG Chem Ltd.
- LyondellBasell Industries NV
- Mitsubishi Engineering-Plastics Corporation
- Polyplastics Co., Ltd.
- Rochling SE & Co. KG
- Royal DSM NV
- SABIC Innovative Plastics
- Solvay SA
- Teijin Limited
