A research study titled, “Plastics Market by Product Type and by Application - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the plastics market is projected to be around $1050.00 billion by 2025.
The global plastics market was worth USD 492.32 billion in the year of 2016 and is anticipated to reach approximately USD 1050.00 billion by 2025 while registering itself at a compound annual growth rate (CAGR) of 8.78% over the forecast period. Plastic is substance comprising of any of an extensive range of semi-synthetic or synthetic organic and malleable compounds that can be shaped into any solid objects. Plasticity, which is the common property of all compounds that can irreversibly deform without cracking but, in the moldable polymer’s group, this happens to such an extent that their real name deduces from this capability. Plastics are characteristically natural polymers of large molecular mass, although they frequently include other materials. They are generally artificial, most frequently deduced from petrochemicals, but several are prepared from recyclable materials like polylactic acid from cellulosics or corn from cotton linters. Because of their favorable properties like versatility, the simplicity of production, invulnerability to water and comparatively small cost, plastics are employed in a vast and intensifying variety of products, from spaceships to paper clips. They have previously replaced many conventional materials, like stone, wood, horn and bone, paper, leather, metal, ceramic, and glass, in many of their earlier applications.
The global plastics market is anticipated to grow at a prominent rate with lucrative compound annual growth rate during the forecast period. Approaching technologies that recover, reprocess and reuse plastics are expected to be the key driving factor supporting the growth of global plastics market. Major plastics manufacturers are investing into cooperative ventures and sharing possessions with biotechnology organizations so as to manufacture bio-based plastics. Plastics are progressively substituting metal from automotive and construction industries owing to their versatile and desired properties such as durability, designing flexibility, high strength-to-weight ratios, and low densities etc. However, growing concerns regarding the ecological effects of plastics might hamper the growth of the global plastics market during the forecast period.
The key market manufacturers for the global plastics market are Saudi Basic Industries Corporation, E. I. du Pont de Nemours and Company, Exxon Mobil Corporation, Formosa Plastic, Indorama Corporation Pte., Ltd., Nan Ya Plastics Corporation, DAK Americas LLC, M&G Chemicals S.A., Octal Petrochem, BASF SE, Dow Chemicals and Total SA. By application, the market industry is classified as; Film & Sheet, Injection Molding, Textiles, Packaging, Transportation, and Construction. According to product types, the global market is split into; Polypropylene (PP), PET, Polyethylene (PE), PVC, Engineering Plastics, and Polystyrene. Geographically, the global plastics market is segmented in regions which are; Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), Europe (Germany, Spain, Italy, France, UK and Rest of Europe), North America (the United States, Mexico and Canada)and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
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Key findings of the plastics market
Heavy Gauge & Thin Gauge Thermoformed Plastics Market by Type(PP, ABS, PE, PVC) Application (Healthcare Packaging, Electronics Packaging, Automotive Packaging, Food Packaging) - Global Industry Analysis & Forecast to 2027,Heavy Gauge & Thin Gauge Thermoformed Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.The thermoplastic sheet is transformed into a number of items using more advanced plastic processing techniques. The sheet is clamped on the frame to be heated to a softened state, and an external force is used to bring it into close contact with the mold surface to obtain a shape that is identical to the molding surface. The dressing serves as a means of dispelling myths. Rubber is also processed using this method.
Aerospace Thermoplastics Market By Product Type (High-Performance Thermoplastics, Engineering Thermoplastics, Standard Thermoplastics) and Application (Exteriors, Interiors, Assembly Components) - Global Industry Analysis & Forecast to 2027,The Aerospace Thermoplastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Thermoplastics represent a diminutive subset of overall Aerospace thermoplastics market. They are preferably used in specialized applications where there is a greater demand for extraordinary properties including high-heat temperature tolerance, ability to withstand harsh environments, and excellent mechanical performance.
Biocompatible Plastics Market by Type(PEEK, POM, PPSU,PP)Application (Externally Communicating Devices,Implant Devices,Surface Devices)- Global Industry Analysis & Forecast to 2027,Biocompatible Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.
PI Special Engineering Plastics Market by Type(Soluble PI,Both Benzenoid PI,Polyamide-imide,Polyetherimide)Application (Industrial Machinery,Aviation,Electrical and Electronic,Car)- Global Industry Analysis & Forecast to 2027,PI Special Engineering PlasticsMarket has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.In engineering plastics, PI is actually one of the best thermal resistance varieties. Some varieties can withstand long-term high temperatures of 290 ° C and short-term temperatures of 490 ° C, and can also withstand extremely low temperatures.
PEEK Special Engineering Plastics Market by Type(PEEK-1000,PEEK-GF30,PEEK-HPV)Application (Automobile Manufacturing,Aeronautics and Astronautics,Electronic,Medical)- Global Industry Analysis & Forecast to 2027,PEEK Special Engineering PlasticsMarket has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.It is possible to customize special engineering plastics according to the needs of end-users. This is a primary benefit of plastics from special engineering. In the automotive & healthcare field, special engineering plastics are commonly used. Advances in manufacturing technology are contributing to the development of advanced special engineering plastics products.
General Engineering Plastics Market by Type (Polycarbonate,Modified Polyphenyl Ether,Polyamide,Polyoxymethylene,Thermoplastic Polyester)Application (Building Materials,Car,Home Appliance,Medical Instruments)- Global Industry Analysis & Forecast to 2027,General Engineering PlasticsMarket has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.Plastics that can be used as technical materials and as metal production machine replacement components.
Engineering Plastics and High Performance Plastics Market by Type (High Performance Polyamides (HPPA),Sulfone Polymers,Fluoropolymers (FPS),PolyphenyleneSulfide (PPS),Liquid Crystal Polymers)Application (Electrical and Electronics,Machinery Equipment,Transportation,Industrial, Medical, Others)- Global Industry Analysis & Forecast to 2027,Engineering Plastics and High Performance PlasticsMarket has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.High performing plastics are exceptionally planned polymers with high mechanical strength, substance obstruction, and, all-critically, temperature opposition. Security at high temperature is the primary measure used to separate high performance plastics from ordinary plastics, however the high mechanical strength of high performance plastics has made them a critical segment of the worldwide manufacturing division in recent years.
Foamed Plastics Market By Product Type (PU, PS, PO, Phenolic) and Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational)- Global Industry Analysis & Forecast to 2027,The Foamed Plastics Markethas encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.Foamed Plastics are synthetic resin converted into a sponge like mass with a closed-cell or open-cell structure. These Foamed Plastics are flexible and rigid, used for a variety of products including cushioning materials, air filters, furniture, toys, and thermal insulation.
Post-Consumer Recycled Plastics Market by Sources (Bottles, Non-bottle Rigid, Others) Type (Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), Others) - Global Industry Analysis & Forecast to 2027,The Post-Consumer Recycled Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Post-Consumer Recycled Plastics reuses refuse in the manufacture of goods, preventing items from ending up in the landfill or needing to rely on raw materials. These plastics are generally created by consumers after a product has reached the end of its use.
Commodity Plastics Market by Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), Poly Methyl Methacrylate (PMMA)) Application (Packaging, Electrical & Electronics, Automotive & Transportation, Medical & Pharmaceutical,Others) - Global Industry Analysis & Forecast to 2027,The Commodity Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Commodity Plastics have high molecular weight and are most widely used thermoplastic includes both Polypropylene and Polyethylene.
Blow Molded Plastics Market by Type (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Others) Application (Packaging, Consumables & Electronics, Automotive & Transport, Building & Construction, Medical, Others) - Global Industry Analysis & Forecast to 2027,The Blow Molded Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Blow Molded Plastics is the process of melting down the plastic and forming it into a parison. The parison is a tube-like piece of plastic with a hole in one end through which compressed air can pass.
Antioxidants for Plastics Market by Type (Amine Antioxidants, Phenolic Antioxidants, Phosphite Antioxidants, Others) Application (Polypropylene, Polyethylene, Polyurethanes, Others) - Global Industry Analysis & Forecast to 2027,The Antioxidants for Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Antioxidants for plastic are used to prevent plastic from thermal degradation and to inhibit oxidation. Along with this antioxidants ensure performance over the life of the plastic goods.
Thermosetting and Thermoplastics Market by Type (Thermoplastic Resin, Thermosetting Resin) Application (Construction Industry, Automotive, Packaging, Marine, Electronics, Other) - Global Industry Analysis & Forecast to 2027,The Thermosetting and Thermoplastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. A thermoplastic is any plastic material which liquefies into a delicate, malleable structure over a specific temperature and hardens after cooling.
Cellulose Plastics Market By Type (PLA, Biodegradable Polyesters, Starch Blends, PHA) and Application (Packaging & Bags, Agriculture & Horticulture, Consumer Goods, Textile, Others) - Global Industry Analysis & Forecast to 2027,The Cellulose Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Cellulose plastics are bioplastics manufactured using cellulose or derivatives of cellulose.
Glass Mat Reinforced Thermoplastics Market by Type (Polyamide (PA) Glass Mat Reinforced Thermoplastics, Polypropylene (PP) Glass Mat Reinforced Thermoplastics) Application (Automotive, Marine, Building and Construction) - Global Industry Analysis & Forecast to 2027,The Glass Mat Reinforced Thermoplastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. GMTs are created on huge laminators, utilizing a thermoplastic sap and at least one types of support.
Construction Plastics Market by Type (Expanded Polystyrene, Polyethylene, Polypropylene, Polyvinyl Chloride), Application (Insulation Materials, Windows & Doors, Pipes) - Global Industry Analysis & Forecast to 2027,Building and construction plastic is a plastic polymer that is treated chemically to obtain products for construction industry.
Antimicrobial Plastics Market By Type (Engineering Plastic, Commodity Plastic, High Performance Plastic, Others) End User (Healthcare, Electrical & Electronics, Building & Construction, Packaging, Consumer Goods, Automotive, Food & Beverage and Others) - Global Industry Analysis & Forecast to 2027,The Antimicrobial Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. The antimicrobial plastic is otherwise called polymeric biocides which have certain antimicrobial operators and additives. The antimicrobial added substances, for example, arsenic-based oxybisphenox arsine and natural metallic biocides are utilized.
Recycled Plastics Market By Resin Type (Low Density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polystyrene, High Density Polyethylene (HDPE), Polypropylene, Polyamides, PVC, Others) Source Type (Plastic Films, Synthetic Fiber, Plastic Bottles, Rigid plastic & foam, Others) Application (Construction, Packaging, Automotive, Others) - Global Industry Analysis & Forecast to 2027,The Recycled Plastics Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.
Medical Plastics Market By Application (Denture Base Material, Cleanroom Supplies, Mobility Aids, Orthopedic Soft Goods, Wound Care, Medical Components, Tooth Implants, Sterilization and Infection Prevention, Orthopedic Implant Packaging, BioPharma Devices, Medical Device Packaging, Other Implants and Other Applications) - Global Industry Analysis And Forecast To 2027,The term plastic is characterized as any material which is a piece of a wide range of synthetic or semi-synthetic solids that are utilized in making products at industries.
Thermoformed Plastics Market By Product (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polymethyl Methacrylate (PMMA), Polystyrene (PS), High Impact Polystyrene (HIPS), Poly Vinyl Chloride (PVC), Bio-degradable polymers and Polyethylene (PE)), Process (Vacuum Snapback, Thin Gauge Thermoforming, Plug Assist Forming and Thick Gauge Thermoforming), and Application (Consumer Goods & Appliances, Construction, Healthcare & Medical, Electrical & Electronics, Automotive Packaging, Food Packaging and Others), - Global Industry Analysis And Forecast To 2027,Thermoformed Plastics is manufactured using Thermoforming technique, in which sheet plastics are heated & formed over male or female molds.
The Biodegradable Plastic Market was worth USD 7.67 billion in 2014 and is expected to reach approximately USD 17.82 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.82% during the forecast period.
The Extruded Plastics Market was worth USD 168.34 billion in 2014 and is expected to reach approximately USD 251.46 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.56% during the forecast period.
The global Bioplastics Market was worth USD 9.76 billion in 2014 and is expected to reach approximately USD 94.35 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 28.67% during the forecast period.
In 2012, the global automotive plastics market was valued around USD 14.90 billion and is anticipated to reach approximately USD 46.09 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 10.70% during the forecast period
The plastics market was valued around USD 492.32 billion in 2017 and is expected to reach roughly USD 1050.00 billion by the end of 2027 while registering itself at a compound annual growth rate (CAGR) of 8.78% during the forecast period, owing to various advantages of plastic materials.
The global aerospace plastics market was worth USD 11.34 million in the year 2017, and is expected to garner around USD 25.94 billion by 2027, while registering itself at a compound annual growth rate (CAGR) of 9.63% during the forecast period.
The global injection molded plastics market is anticipated to garner a whopping $195.45 billion by the end of the year 2027, while registering itself at a substantial compound annual growth rate (CAGR) of 4.95% during the forecast period.