Thermoplastics Semi-Finished Plastic Products Market Report 2026

The thermoplastics semi-finished plastic products market size has grown strongly in recent years. It will grow from $14.86 billion in 2025 to $15.86 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expansion of automotive and construction applications, increasing substitution of metal components, growth in plastic fabrication industries, rising demand for durable industrial materials, availability of diverse thermoplastic grades.

The thermoplastics semi-finished plastic products market size is expected to see strong growth in the next few years. It will grow to $20.36 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing adoption of recyclable thermoplastics, rising demand from electric vehicle components, expansion of advanced manufacturing techniques, increasing focus on lightweight structural materials, growth in customized plastic fabrication solutions. Major trends in the forecast period include increasing demand for high-performance engineering plastics, rising use of semi-finished plastic sheets and rods, growing adoption of lightweight plastic components, expansion of precision machining of thermoplastics, enhanced focus on material consistency and quality.

The increasing demand from the automotive sector is expected to drive the growth of the thermoplastics semi-finished plastic products market in the coming years. The automotive sector refers to the industry involved in the design, manufacturing, and sale of motor vehicles and their components. Demand from this sector is rising as the global transition toward electric vehicles encourages consumers and manufacturers to adopt cleaner and more sustainable mobility solutions, resulting in higher production levels and a growing need for advanced automotive components. Thermoplastic semi-finished plastic products are valuable to the automotive industry as they enable the creation of lightweight, durable, and heat-resistant parts that enhance vehicle performance and safety. For example, in April 2025, according to the European Automobile Manufacturers Association, a Belgium-based trade association, sales of battery-electric cars in the European Union increased by 23.9 percent to 412,997 units in the first quarter of 2025, accounting for 15.2 percent of the total market, while plug-in hybrid electric car registrations rose by 1.1 percent to 207,048 units. Therefore, the growing demand from the automotive sector is fueling the expansion of the thermoplastics semi-finished plastic products market.

Key companies operating in the thermoplastics semi-finished plastic products market are focusing on developing innovative solutions, such as thermoplastic polyamides, to address the evolving needs of end-use industries including automotive, electronics, and healthcare. Thermoplastic polyamides are high-performance polymers that can be melted and reshaped multiple times, offering excellent strength, chemical resistance, and thermal stability for engineering applications. For instance, in September 2025, BASF SE, a Germany-based chemicals company, introduced Ultramid H33 L, the world’s first thermoplastic polyamide with high water permeability, designed primarily for artificial sausage casings. This innovative material combines the strength of polyamide with water permeability, enabling the production of thinner casings compared to conventional collagen or cellulose ones. Its hydrophilic properties allow smoke aromas to pass through the casing into sausages during smoking, while its high water permeability supports direct drying within the casing, simplifying the production process. Additionally, Ultramid H33 L can be processed as any other polyamide, allowing smooth integration into existing manufacturing systems without modification.

In August 2024, Trelleborg Group, a Sweden-based provider of engineered polymer solutions, acquired Magee Plastics for an undisclosed sum. This acquisition aims to enhance Trelleborg Group’s presence in the aerospace sector by combining its global reach and engineering expertise with Magee Plastics’ proficiency in high-performance thermoplastic and composite materials. The move expands Trelleborg’s product portfolio and accelerates entry into new markets. Magee Plastics is a United States-based company specializing in the production of high-performance thermoplastic and composite materials for aerospace applications, including semi-finished thermoplastic products.

Major companies operating in the thermoplastics semi-finished plastic products market are BASF SE., Dow Inc., LyondellBasell Industries N. V., LG Chem Ltd., Saudi Basic Industries Corporation, ExxonMobil Chemical Company, Mitsubishi Chemical Corporation, Sumitomo Chemical Company Limited, Toray Industries Inc., Evonik Industries AG, Covestro AG, Celanese Corporation, Arkema S.A., Teijin Limited, Formosa Plastics Corporation, Trinseo S.A., Ensinger GmbH., Röchling SE. & Co. KG., SIMONA AG., AGRU Kunststofftechnik Gesellschaft m. b. H., Nölle + Nordhorn GmbH., Chi Mei Corporation.

North America was the largest region in the thermoplastics semi-finished plastic products market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thermoplastics semi-finished plastic products market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the thermoplastics semi-finished plastic products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The thermoplastics semi-finished plastic products market consists of sales of plastic sheets, plastic rods, plastic tubes, plastic films, plastic profiles, and plastic plates. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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