Title: Thermoplastics Market – Forecast (2021-2026)
1Thermoplastics MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- Thermoplastics market size is forecast to reach
US33.8 billion by 2026, after growing at a CAGR
of 6.4 during 2021-2026. Thermoplastic or thermo
softening plastic, are a class of polymers that
can be softened and melted by the application of
heat, and can be processed either in the
heat-softened state or in the liquid state by
extrusion and injection molding. Thermoplastics
market is growing as Engineering Thermoplastics
such as the polyamides, polyesters,
polycarbonate, polyacetals and acrylonitrile-butad
iene-styrene (ABS) are extensively used in
automotive, electronics and other industrial
sectors.
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- Key Takeaways
- Asia-Pacific dominates the Thermoplastics market,
owing to the increasing use in healthcare,
biomedical and electrical electronics industry
in the region. - In 2018, global plastics production almost
reached 360 million tonnes. In Europe, plastics
production almost reached 62 million tons. - In the United States, approximately 37 million
tons of plastic are used every year. Of this,
packaging and food-service plastics represent
about 16 million tons, and these are typically
single use". - Plastics have become the ubiquitous workhorse
material of the modern economy combining
unrivaled functional properties with low cost.
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By Distribution Channel- Segment Analysis The
Polyethylene segment held the largest share of
33 in the Thermoplastics Market in 2020.
Polyethylene is a lightweight, durable
thermoplastic with a variable crystalline
structure. It is one of the most widely produced
plastics in the world with 10 million tons are
produced worldwide each year. Polyethylene is
used in applications ranging for films, tubes,
plastic parts, laminates, and in several markets
such as packaging, automotive, electrical and
others. Polyethylene comes in two types,high
density and low density. High Density
Polyethylene is used in several packaging
applications including crates, trays, bottles for
milk and fruit juices, caps for food packaging,
jerry cans, drums, industrial bulk containers.
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- Thermoplastics Industry Outlook
- 1. SABIC
- 2. Celenase Corporation
- 3. BASF SE
- 4. Lanxess AG
- 5. Solvay S.A.
- 6. Mitsubishi Chemical Advanced Materials (Japan)
- 7. SGL Group
- 8. DuPont
- 9. Toray Industries, Inc.
- 10 Polyone Corporation
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Thermoplastics Market Forecast (2021 - 2026)
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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