US plastics market is anticipated to grow at a CAGR of 2.5%, during the forecast period. The US is one of the major markets for plastic packaging owing to massive demand from end-user industries. Higher per capita income, high usage of plastics in the packaging of personal care & cosmetics, food & beverages, pharmaceutical, among industries, is driving the plastics market in the US.
In the US, the plastic material is mostly used in the manufacturing domain, although the demand for plastics in services is increasing rapidly in the country, namely wholesale and retail trade, health services, food services, and drinking places, and other services. The US plastics industry, as documented by the US Government data, operated 15,746 manufacturing establishments, with 795,000 employees. This excludes establishments producing captive plastic products or supplying goods and services to the plastics industry.
The US 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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US 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
- Airex Industries Inc.
- 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.
- NOVA Chemicals Corp.
- Petoskey Plastics, Inc.
- Rogers Corp.
- The Dow Chemical Co.
- The Plastics Group of America (TPG)
- VIP Rubber Co., Inc.
- Wellman Advanced Materials, LLC
- Westlake Chemical Corp.
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