According to the report published by Zion Market Research, global demand for Plastic Polymer market was valued at approximately USD 571.34 Billion in 2019, and is expected to generate revenue of around USD 682 Billion by end of 2026, growing at a CAGR of around 2.99% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Plastic Polymer market was valued at approximately USD 571.34 Billion in 2019, and is expected to generate revenue of around USD 682 Billion by end of 2026, growing at a CAGR of around 2.99% between 2020 and 2026.
Global Plastic Polymer Market: Overview
Polymer is made from the combination of several monomers, which produce different types of polymers based on their molecular chain. Plastic polymers are chained molecules with high molecular weight. They are synthetic polymers that can be remolded or reshaped owing to their elasticity property. They are also called as organic polymers.
Global Plastic Polymer Market: Growth Factors
Increasing urbanization, growing income and rising demand from the end-user segments are resulting in high growth of the global market. Utilization of the plastic in food processing industry due to consumer preference and changing food practice to store the food products such as raw meat, fish, and vegetables in consumable state without degrading the nutritional qualities of the food are key factors augmenting the growth of the global plastic polymer market. Application of plastic in road safety and constructional equipment such as helmets, safety goggles, sign boards, and barricades as preventive measures in order to avoid hazardous mishap is also one of the factors driving the global plastic polymer market. Research and development for new innovations and better alternatives respective to plastic polymers is also a vital factor growing the market globally. Moreover, development of plastic types which can be recycled after single-use has boosted growth rate of the plastic polymer market. On the other hand, government taking initiatives to ban un-degradable plastic material that are hazardous to ecosystem may hinder the growth of the plastic polymers in future.
Global Plastic Polymer Market: Segmentation
The global plastic polymer market is segmented based on various types of plastic application such as engineering plastics, commodity plastics, and specialty plastics. On the basis of resin materials, the global market is segmented as thermoplastic and thermosetting polymers. Further, thermoplastic polymers segment is sub-segmented as polyvinyl chloride (PVC), polypropylene (PP), polyethylene (PE), and polystyrene. Of which, polythyene is of high demand in plastic material segments. However, thermosetting plastics are further sub-segmented based on material as melamine formaldehyde, polyster resin, polyimides, duroplast, and others. On the basis of end-user, the global plastic polymer market is segmented as packaging, transportation, agriculture equipments, textiles, film and sheet, automotive, and toys.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Plastic Polymer Market: Regional Analysis
Based on the region, the global Plastic Polymer market can be divided into five main regions: Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific is the largest market for plastic polymer market mainly owing to rising constructional projects and automotive industries. North America is expected to grow at a steady pace due to its constant focus on developing sustainable alternatives.
Global Plastic Polymer Market: Competitive Players
Some main participants of the Plastic Polymer market are BASF, SABIC, E. I. du Pont de Nemours and Company, Dow Chemical Company, Lyondell Basell Industries, ExxonMobil Corporation, Formosa Plastic Group, Total SA, Bayer Material Science, Arkema, Celanese Corporation, Chi Mei Corporation, Eastman Chemical Company, and Mitsubishi Chemical Holdings Corporation.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Plastic Polymer Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Plastic Polymer Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Plastic Polymer Market
FIG. 6 Global Plastic Polymer Market Attractiveness, By Plastic Type
FIG. 7 Global Plastic Polymer Market Attractiveness, By Resin Material
FIG. 8 Global Plastic Polymer Market Attractiveness, By End User
FIG. 9 Global Plastic Polymer Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Plastic Polymer Market Revenue Share, by Plastic Type, 2019 & 2026
FIG. 12 Global Plastic Polymer Market for Engineering Plastics, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Plastic Polymer Market for Commodity Plastics, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Plastic Polymer Market for Specialty Plastics, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Plastic Polymer Market Revenue Share, by Resin Material, 2019 & 2026
FIG. 16 Global Plastic Polymer Market for Thermosetting Polymers, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Plastic Polymer Market for Thermoplastic Polymers, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Plastic Polymer Market Revenue Share, by End User, 2019 & 2026
FIG. 19 Global Plastic Polymer Market for Packaging, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global Plastic Polymer Market for Transportation, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global Plastic Polymer Market for Agriculture Equipments, Revenue (USD Billion) 2016 - 2026
FIG. 22 Global Plastic Polymer Market for Textiles, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global Plastic Polymer Market for Film And Sheet, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global Plastic Polymer Market for Automotive, Revenue (USD Billion) 2016 - 2026
FIG. 25 Global Plastic Polymer Market for Toys, Revenue (USD Billion) 2016 - 2026
FIG. 26 Global Plastic Polymer Market Revenue Share, by Region, 2019 & 2026
FIG. 27 North America Plastic Polymer Market Revenue, 2016 - 2026 (USD Billion)
FIG. 28 Europe Plastic Polymer Market Revenue, 2016 - 2026 (USD Billion)
FIG. 29 Asia Pacific Plastic Polymer Market Revenue, 2016 - 2026 (USD Billion)
FIG. 30 Latin America Plastic Polymer Market Revenue, 2016 - 2026 (USD Billion)
FIG. 31 The Middle-East and Africa Plastic Polymer Market Revenue, 2016 - 2026 (USD Billion)
FIG. 32 BASF Business Segment Revenue Share, 2018 (%)
FIG. 33 BASF Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Plastic Polymer Market: Snapshot
TABLE 2 Drivers of the Plastic Polymer Market: Impact Analysis
TABLE 3 Restraints for the Plastic Polymer Market: Impact Analysis
TABLE 4 Global Plastic Polymer Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Plastic Polymer Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Plastic Polymer Market Revenue, by Plastic Type, 2016 – 2026 (USD Billion)
TABLE 7 North America Plastic Polymer Market Revenue, by Resin Material, 2016 – 2026 (USD Billion)
TABLE 8 North America Plastic Polymer Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 9 Europe Plastic Polymer Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 10 Europe Plastic Polymer Market Revenue, by Plastic Type, 2016 – 2026 (USD Billion)
TABLE 11 Europe Plastic Polymer Market Revenue, by Resin Material, 2016 – 2026 (USD Billion)
TABLE 12 Europe Plastic Polymer Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Plastic Polymer Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 14 Asia Pacific Plastic Polymer Market Revenue, by Plastic Type, 2016 – 2026 (USD Billion)
TABLE 15 Asia Pacific Plastic Polymer Market Revenue, by Resin Material, 2016 – 2026 (USD Billion)
TABLE 16 Asia Pacific Plastic Polymer Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 17 Latin America Plastic Polymer Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 Latin America Plastic Polymer Market Revenue, by Plastic Type, 2016 – 2026 (USD Billion)
TABLE 19 Latin America Plastic Polymer Market Revenue, by Resin Material, 2016 – 2026 (USD Billion)
TABLE 20 Latin America Plastic Polymer Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 21 The Middle-East and Africa Plastic Polymer Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 22 The Middle-East and Africa Plastic Polymer Market Revenue, by Plastic Type, 2016 – 2026 (USD Billion)
TABLE 23 The Middle-East and Africa Plastic Polymer Market Revenue, by Resin Material, 2016 – 2026 (USD Billion)
TABLE 24 The Middle-East and Africa Plastic Polymer Market Revenue, by End User, 2016 – 2026 (USD Billion)
Increasing urbanization, growing income and rising demand from the end-user segments are resulting in high growth of the global market. Utilization of the plastic in food processing industry due to consumer preference and changing food practice to store the food products such as raw meat, fish, and vegetables in consumable state without degrading the nutritional qualities of the food are key factors augmenting the growth of the global plastic polymer market.
According to Zion Market Research, global demand for Plastic Polymer market is expected to generate revenue of around USD 682 Billion by end of 2026, growing at a CAGR of around 2.99% between 2020 and 2026.
Asia Pacific is the largest market for plastic polymer market mainly owing to rising constructional projects and automotive industries. North America is expected to grow at a steady pace due to its constant focus on developing sustainable alternatives.
Some main participants of the Plastic Polymer market are BASF, SABIC, E. I. du Pont de Nemours and Company, Dow Chemical Company, Lyondell Basell Industries, ExxonMobil Corporation, Formosa Plastic Group, Total SA, Bayer Material Science, Arkema, Celanese Corporation, Chi Mei Corporation, Eastman Chemical Company, and Mitsubishi Chemical Holdings Corporation, among others.
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