Plastics is the term commonly used to describe a wide range of synthetic or semi-synthetic materials that are used in a huge and growing range of applications. Plastics are a whole family of hundreds of different materials, designed to meet the requirement of every single application in the most efficient way possible. The rising adoption of the plastic-based material in various applications such as building & construction, packaging, automotive and others is a major factor that propels the growth of the global market. Plastics find its application in nearly every aspect of life, be it aeronautics industry to a wide range of consumer goods. In the aeronautics industry, plastics are used in satellites, shuttles, and aircraft. The plastics are a lightweight, versatile material that is suitable for a wide range of consumer and industrial applications. Plastics contribute to the more efficient application of energy and lower CO2 emissions over their life cycle due to their unique properties, meaning that they can greatly enhance resource efficiency. Additionally, the rising adoption of bioplastics is the key market trend for the market. The bioplastics are easily degradable and less harmful to the environment as compared to non-degradable plastics. However, the strict regulations and policies related to the degradability of engineering plastics products can hamper the growth of the global plastics market.
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The global plastics market is segmented on the basis of material type and application. Based on material type, the market is classified into PE, PP, PS, PVC, PUT, PET, ABS, PMMA, and others. Based on the application, the market is segmented into packaging, building & construction, automotive, electrical & electronics, healthcare, household, leisure and sports, agriculture, and others (consumer goods, furniture).
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Market Segmentation
Global Plastics Market by Material Type
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyurethane (PUT)
- Polyethylene terephthalate (PET)
- Acrylonitrile-Butadiene-Styrene (ABS)
- Polymethyl Methacrylate (PMMA)
- Others ( Polyphenylene Oxide, Polycarbonate, Polyamide)
Global Plastics Market by Application
- Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Healthcare
- Household, Leisure and Sports
- Agriculture
- Others (Consumer Goods, Furniture)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Airex Industries Inc.
- Arkema Group
- Arya Sasol Polymer Co.
- Asahi Kasei Group
- BASF SE
- BiologiQ, Inc.
- Borouge Pte. Ltd.
- Braskem S.A.
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