UK plastics market is anticipated to project a CAGR of 2.3%, during the forecast period. The UK is one of the significant market players operating in the European plastic market. The country is significantly working in the field of material and additive manufacturing, food and beverages, pharmaceutical, and cosmetics among others. A wide range of reprocessing technologies and equipment are being examined due to cohesive government regulations. As per the International Trade Association, around 7.0% of manufacturing activities in the country account for the plastic industry each year. More than 6,200 firms are engaged in the plastic industry in the country. It includes producers of plastics raw materials, and additives, and the end-user industry.
UK plastics market is segmented based on type and application. Based on type, the market is broadly categorized into thermoplastics and thermoset plastics. The thermoplastic plastic segment includes the analysis of polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. The thermosetting plastics include polyurethane (PUR), epoxy resins, phenolic resins, acrylic resins, and others such as unsaturated polyester, melamine resins, and vinyl ester resins. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others. The packaging is the major application of plastics and is estimated to contribute a significant share to the market.
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UK Plastics Market Segmentation
By Type
- Thermoplastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
- Thermosets
- Polyurethane (PUR)
- Epoxy Resins
- Phenolic Resins
- Acrylic Resins
- Others
By Application
- Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Household, Leisure & Sports
- Agriculture
- Others
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Company Profiles
- Arkema Group
- Overview
- Arkema group in Plastics Landscape
- Recent Developments
- BASF SE
- Evonik Industries AG
- INEOS AG
- Koninklijke DSM N.V.
- Saudi Basic Industries Corp. (SABIC)
- Solvay SA
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