Global Thermoplastics Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Thermoplastics Market - Segmentation by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The thermoplastics market was valued at USD 17 billion in 2017 and is expected to expand at a CAGR 6.24% during the forecast period, 2018-2023.

The key factors which are driving the market growth include an increase in the number of working women, a rise of the dual-income nuclear families, increase in the disposable income, and high per-capita spending on lifestyle products. Social and cultural factors also influence the demand of the market. The rise in disposable income for middle-class and upper-class population has resulted in an increased consumption of durable and non-durable goods made from polymers and chemicals.

The packaging industry is the fastest growing segment and is expected to grow significantly during the forecast period. Thermoplastics are used in the packaging of different beverages, foods, model kits, sports and leisure boxes, etc. Thermoplastics applications are poised for growth in the United States, owing to the increasing use of these plastics to replace traditional plastics, such as polypropylene and polyethylene, especially in the food packaging industry as they are energy efficient and lighter than alternative materials.

Asia-Pacific dominates the market for thermoplastics, followed by North America and Europe. The growing demand in the Asia-Pacific region is mainly due to the high market potential for polyethylene in China. The developing regions of South America and Asia-Pacific are expected to increase their market share in the future owing to the growing purchasing power in the developing countries.

Companies Mentioned

  • Arkema SA
  • Asahi Kasei Corporation
  • BASF SE
  • Covestro
  • Celanese Corporation
  • Chevron Phillips Chemical Company LP
  • Daicel Corporation
  • DuPont
  • Eastman Chemical Company
  • Evonik Industries AG
  • LyondellBasell Industries
  • Lanxess AG
  • LG Chem Ltd
  • Mitsubishi Engineering Plastic Corporation
  • Polyplastic Co. Ltd
  • Royal DSM NV SABIC Innovative Plastics
  • Solvay Plastics
  • Teijin Chemicals Limited
  • A. Schulman Inc.
  • Ineos Abs Corporation
  • Dyneon LLC
  • Rochling Group

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/v8ff5n/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastics