Quick Summary:
Unlock valuable insights into the burgeoning Industrial Plastics market with our comprehensive market research report. Gain a competitive edge in an industry anticipated to skyrocket from US$75.8 Billion in 2022 to a staggering US$138 Billion by 2030. This report offers an in-depth analysis of key segments, such as Polyamide, projected to record a 7.6% CAGR and reach US$48.3 Billion by 2030, and Acrylonitrile Butadiene Styrene predicted a revised 7.8% CAGR for this same period.
Get a strategic overview of the Industrial Plastics market across different geographies. The report provides detailed analysis on markets like the U.S., currently valued at US$20.7 Billion; and emerging markets like China, on course for a projected size of US$31.6 Billion by 2030. With additional analyses on Japan, Canada, and Germany, the report serves as a comprehensive guide to areas of opportunity in this highly lucrative market. You'll also receive profiles from select competitors such as Arkema S.A, BASF SE, Covestro AG, and others.
Global Industrial Plastics Market to Reach $138 Billion by 2030
The global market for Industrial Plastics estimated at US$75.8 Billion in the year 2022, is projected to reach a revised size of US$138 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Polyamide, one of the segments analyzed in the report, is projected to record 7.6% CAGR and reach US$48.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acrylonitrile Butadiene Styrene segment is readjusted to a revised 7.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $20.7 Billion, While China is Forecast to Grow at 12% CAGR
The Industrial Plastics market in the U.S. is estimated at US$20.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$31.6 Billion by the year 2030 trailing a CAGR of 12% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.Select Competitors (Total 12 Featured) -
- Arkema S.A.
- BASF SE
- Covestro AG
- Eastman Chemical Company
- Ensinger Gmbh
- Evonik Industries AG
- Formosa Plastics Corporation
- Lyondellbasell Industries Holdings B.V.
- Mitsubishi Engineering-Plastics Corporation
- Mitsui & Co., Ltd.
- SABIC
- Solvay S.A.
- Teijin Limited
- Toray Industries, Inc.
- Victrex Plc
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 Industrial Plastics?
What is the growth rate of the Global Market for Industrial Plastics?
What is the forecasted size of the Global Market for Industrial Plastics?
Who are the key companies in the Global Market for Industrial Plastics?
| Report Attribute | Details |
|---|---|
| No. of Pages | 78 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 75.8 Billion |
| Forecasted Market Value ( USD | $ 138 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Arkema S.A.
- BASF SE
- Covestro AG
- Eastman Chemical Company
- Ensinger Gmbh
- Evonik Industries AG
- Formosa Plastics Corporation
- Lyondellbasell Industries Holdings B.V.
- Mitsubishi Engineering-Plastics Corporation
- Mitsui & Co., Ltd.
- SABIC
- Solvay S.A.
- Teijin Limited
- Toray Industries, Inc.
- Victrex Plc
