The North American thermoplastics market is projected to exhibit a considerable CAGR during the forecast period. The key factors that are contributing towards the growth of the thermoplastics market in the region, include rising demand for efficiently moldable packaging across the food & beverages, cosmetic and personal care industry in the region, cohesive government regulations, and increased per capita consumption in the US. The resin, synthetic rubber, and artificial & synthetic fibers & filament (NAICS 3252), which includes the plastic materials and resins industry in the US, was the 18th ranked manufacturing industry in 2018. In addition, the demand for plastics from the continuously growing end-use markets will boost the growth of the thermoplastics industry in the US.
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The North American thermoplastics market is segmented based on type and application. Based on type, the market is broadly categorized into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. 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 thermoplastics and is estimated to contribute a significant share to the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North American Thermoplastics Market by Type
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
North American Thermoplastics Market by Application
- Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Household, Leisure & Sports
- Agriculture
- Others
Regional Analysis
- United States
- Canada
Company Profiles
- Arkema Group
- Overview
- Arkema Group in North America
- Arkema group in Thermoplastics Landscape
- Recent Developments
- Airex Industries Inc.
- Asahi Kasei Corp.
- BASF SE
- BioLogiQ Inc.
- Celanese Corp.
- Chevron Corp.
- Cope Plastics Inc.
- DuPont de Nemours, Inc.
- Eastman Chemical Co.
- Exxon Mobil Corp.
- Hexcel Corp.
- MBA Polymers, Inc.
- Momentive Performance Materials Inc.
- NOVA Chemicals Corp.
- Petoskey Plastics, Inc.
- PolyOne Corp.
- Rogers Corp.
- Saudi Basic Industries Corp. (SABIC)
- Sekisui Kydex, LLC
- The Dow Chemical Co.
- The Plastics Group of America (TPG)
- VIP Rubber Co., Inc.
- Wellman Advanced Materials, LLC
- Westlake Chemical Corp.
The Report covers:
- Comprehensive research methodology of the North American thermoplastics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American thermoplastics market.
- Insights about market determinants which are stimulating the North American thermoplastics market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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