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Plastics Market Overview:
According to the
International Trade Centre (ITC), the trade value of plastics and its products was
$655.79 billion in 2018, after registering an annual growth of 9% over 2017. The
increasing trade of plastics can be attributed to a myriad of applications in
the residential, textile, packaging, building & construction, and other
sectors. This resonates with the growing plastic market size that was gauged to
be $516 billion in 2018. Owing to these varied applications, the demand for
plastics is estimated to grow at a CAGR of 4% during the forecast period
2019-2025.
APAC had the greatest
plastics market share of 45% in 2018, which is attributed to increasing trade
of plastics in countries such as China and India. Moreover, the end user
industries of plastics such as automotive and electronics are booming in APAC,
which has created demand for plastics in the region.
According to the
PlastIndia Foundation, India has 15,788 KTA production capacity of
thermoplastics alone. Similarly,
engineering plastics, polyolefin, polystyrene, and polyurethane have a major marketplace in India.
According to the Indian
Brand Equity Foundation (IBEF), China
and Bangladesh imported $553.42m and $168.33m worth of plastic products from
India between April to October 2018. This
indicates the lucrative prospects in the APAC plastics market. Even though the Indonesian plastic industry
witnessed a decline due to the overwhelming problem of plastic wastes in the
country, other countries such as Malaysia, Japan, and the Philippines
contributed to the APAC plastics market share in 2018.
Plastics Market Outlook:
Plastics such as
polyethylene terephthalate (PETE or PET), high-density polyethylene (HDPE),
polyvinyl chloride (PVC), and low-density polyethylene (LDPE) are used to make
products through plastic injection molding of plastic resin. There is a variety
of plastics which include elastomers, epoxy resins, fluoropolymers,
and bio-plastics, that
are used in a gamut of industries.
Key application which offers
lucrative opportunities in the plastic market is packaging, and the use of
plastics in packaging is poised to grow at a CAGR of 3.35% through to 2025.
This is majorly attributed to rise in demand from the flexible packaging market segment of the packaging
industry. According to the Flexible Packaging Industry (FPI), the flexible
packaging market was worth $30.9 billion in 2017, and is the fastest growing
segment of the global packaging industry. Furthermore,
sales of drinking water bottles and soft-drinks are increasing, which is
further driving the plastics market.
Plastics Market Growth Drivers:
· The Growth Prospects In the Consumer Electronics Sector –
According to the Global System for Mobile
Communication (GSMA), the number of mobile users will increase from 5.1 billion
in 2018 to 5.8 billion in 2025, at a CAGR of 1.9%. Subsequently,
there will an increase in demand for plastics for use in mobile phones during
the forecast period. Similarly, consumer electronic products such as washing machines, smart TV,
and others are made of plastics. Growing usage of plastics in the consumer
electronics industry is creating a demand influx in the plastics market.
· The Automotive Industry: A Major Plastics Marketplace –
According to the International Organization of
Motor Vehicles Manufacturers, 95.63 million vehicles were manufactured in 2018. Many
parts of vehicles are made of plastics such as polypropylene, polyvinyl
chloride (PVC), acrylonitrile-butadiene-styrene
(ABS), and polycarbonate.
Owing to increase in the disposable income of people, people are now able to
afford cars, leading to an increase in sales of cars worldwide. Furthermore,
there will be enhanced production of vehicles in the future with the advent
of electric
vehicles, semi-autonomous
and autonomous vehicles, and self-driving
trucks. The plastics market is poised to generate demand from the
automotive industry as the increase in production of vehicles will augment application
of plastics in the sector.
Plastics Market Trends –
- Demand for Reinforced Plastics Will Rise – The automobile industry will be using reinforced plastics as they are robust and resistive to deformation. Reinforced plastics are also gaining grounds in the construction, medical, military, and marine industries.
- In August 2018, LyodellBasell acquired A. Schulman, Inc. The acquisition is expected to help the company leverage demand for plastics from the automotive, construction, electronic goods, and packaging industries.
Plastics Market Key Players Perspective –
The major players in the
plastics market are Evonik Industries AG, BASF SE, Saudi Basic Industries
Corporation (SABIC), DowDuPont Inc., Arkema SA, Celanese Corporation, Lotte
Chemical Titan Holding Sdn Bhd, Lyondellbasell Industries N.V., Solvay S.A.,
Nan Yap Plastics, and Toray Industries, Inc.
Plastics Market Research Scope:
The base year of the
study is 2018, with forecast done up to 2025. The study presents a thorough
analysis of the competitive landscape, taking into account the market shares of
the leading companies. It also provides information on unit shipments. These
provide the key market participants with the necessary business intelligence
and help them understand the future of the plastics market. The assessment
includes the forecast, an overview of the competitive structure, the market
shares of the competitors, as well as the market trends, market demands, market
drivers, market challenges, and product analysis. The market drivers and
restraints have been assessed to fathom their impact over the forecast period.
This report further identifies the key opportunities for growth while also
detailing the key challenges and possible threats. The plastics market research
report also analyses the application of plastics in various sectors such
as residential, textile, packaging, building & construction, and others.
Plastics Market Report: Industry Coverage
The plastics market
report identified the current trends, opportunities, and challenges in the
industry along with a detailed depiction of strategies by the existing market
players.
The report also provides
facts, figures, and statistics about different types of plastics and their use
in various industries.
The report also analyzes
the major geographic regions as well as the major countries in these regions.
The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
1.1 Definitions and Scope
2. Plastics Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Plastics Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Plastics Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Plastics Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Plastics Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Plastics Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Plastics Market - By Type (Market Size -$Million / $Billion)
8.1 Engineering Plastics
8.2 Polyethylene Terephthalate
8.3 Polyolefins
8.4 Polystyrene
8.5 Polyurethane
8.6 Polyvinyl Chloride
8.7 Elastomers
8.8 Epoxy Resin
8.9 Expanded Polystyrene
8.10 Fluoropolymers
8.11 Bioplastics
8.12 Thermosetting Plastics
8.13 Thermoplastics
9. Plastics Market - By Technology (Market Size -$Million / $Billion)
9.1 Injection Molding
9.2 Extrusion Molding
9.3 Blow Molding
9.4 Others
10. Plastics - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Packaging
10.3.2 Building & Construction
10.3.3 Automotive & Transportation
10.3.4 Electrical & Electronics
10.3.5 Furniture & Bedding
10.3.6 Household
10.3.7 Films & Sheets
10.3.8 Pipes & Fittings
10.3.9 Tarpaulin
10.3.10 Other Industries
11. Plastics - By Geography (Market Size -$Million / $Billion)
11.1 Plastics Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Plastics- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Plastics- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Plastics - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Plastics - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Plastics Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Plastics Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Plastics Market - Key Company List by Country Premium
15. Plastics Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Asahimas Chemical
15.3 Banshu Plastic
15.4 Basf Se
15.5 Lotte Titan Chemical
15.6 Lyondellbasell
15.7 Pertamina
15.8 Polychem Tbk
15.9 Premier Partner
15.10 Pt Chandra Asri Petrochemical Tbk
15.11 Pt Solvay Chemical
15.12 Pt Standard Toyo Polymer
15.13 Pt Sulfindo Adiusaha
15.14 Pt. Nan Ya Indah Plastic Corporation
15.15 Ptt Chemical Public Company Limited
15.16 Toray Industries, Inc
15.17 Trans Pacific Petrochemical Indotama
15.18 Company 18
15.19 Company 19 & More
*Financials would be provided on a best efforts basis for private companies
16. Plastics Market - Appendix
16.1 Abbreviations
16.2 Sources
17. Plastics Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends