Thermoplastics Market

Thermoplastics are softening polymers that can mold above specific temperatures and solidify after cooling. The intermolecular chains in these polymers weaken rapidly under a certain temperature zone owing to which they are applicable in various processing techniques such as injection molding and extrusion.

This report projects the global thermoplastics market with trends, opportunities, and its demand by 2022. This research includes qualitative & quantitative analyses with comprehensive research methodologies and reliable forecasts to create the present overview of the market and predict the market during the forecast period. Our research teams have used various secondary resources & directories such as industrial databases, journals & magazine, along with primary resources, coupled with industry-oriented measures, such as industry-related expert interviews, to obtain key information and valuables.

With growth in production of thermoplastics, the market is expected to boost in Asia-Pacific countries owing to high market potential for polyethylene in China, followed by manufacturing establishments in Middle East. Europe and North America are developed thermoplastics markets, and recent advancements and production capacities are expected to supplement market growth. Increase in productive capacity has resulted in rise in applications in end-user industries such as building & construction, automotive & transport, consumer goods & pharmaceuticals, and this trend is expected to remain the same during the forecast period. However, availability of raw materials, and volatile crude prices and environmental concerns hinder the market growth. Growth in demand for thermoplastics by end users and economic gain are anticipated to provide opportunities for growth to key players.

The global thermoplastics market is segmented by type, end-user industry, and geography. Based on type, it includes acrylonitrile butadiene styrene, polyethylene, polypropylene, polystyrene, polyvinyl chloride, Teflon, and others. Based on end-user, it is divided into building & construction, oil & gas, electrical & electronics, automotive & transport, agriculture, consumer goods, pharmaceuticals, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in this market include Arkema, BASF SE, Convestro, Du Pont, Evonik Industries, LG Chem Ltd, Royal DSM NV, Solvay Plastics, SABIC, Daicel Corporation, Eastman Chemical Company, and Asahi Kasei Corporation.

KEY BENEFITS FOR STAKEHOLDERS:

• This report provides a quantitative analysis of the current trends, future estimations, clinical developments, and dynamics which assist in identifying the market behavior and prevailing opportunities.
• Major countries in each region are mapped as per individual market revenue.
• This study takes into account the competitive landscape and value chain to understand the competitive environment across the geographies.
• Comprehensive analysis of factors that drive and restrict the growth of the thermoplastics market is provided.
• Leading players and their key developments in recent years are listed.

 Thermoplastics Market Report Highlights