Recycled Thermoplastic Market 2025: Global Industry Top Key Players – Suez, JP Industrial, Plastics, Plastipak Holdings, Merlin Plastics Alberta, Clear Path recycling

Market Study Report adds a new rapid urbanization and the subsequent need for lighter, eco-friendly building components, the recycled thermoplastic market is gaining commendable traction given that these thermoplastics are used for replacing products made of wood or metal Report for the period of 2018-2025 that shows the growth of the market is rising at a Steady CAGR to 2025.

Recycled Thermoplastics Market will surpass USD 95 billion by 2025; according to a new research report.

The steady growth in the Asian automotive industry owing to significant production and sales of vehicle in the region will boost the recycled thermoplastics market as the product are used in the indispensable parts of every automobile. Unceasing growth in gross domestic product and improved living standards in the Asian countries will drive recycled thermoplastics demand in the automobile industry. In 2016, developing countries such as India, China and Japan accounted around 40% of the global private and commercial automotive sales. This positive trend is anticipated to continue and will bolster the recycled thermoplastics industry in future.

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Upsurge in construction activities in emerging economies due to the substantial population growth coupled with increasing demand for housing facilities will act as booster for industry growth over the next few years. The product is mostly used to make doors, panels, window railings, fixtures, sidings, etc. and these products are further used in construction sector for building designing. The construction industry output is anticipated to reach over USD 4.5 trillion over the forecast timeframe in Asian region. This is all due to the extensive inflow of FDI and supportive government regulations and will substantially stimulate the recycled thermoplastics market demand in coming years.

Based on product, the market is bifurcated into polypropylene, polyvinyl chloride, polystyrene, polyethylene, polyethylene terephthalate and others. In terms of revenue, polyvinyl chloride will witness growth by more than 9% CAGR over the forecast years. Low cost, bio-degradability, along with other desirable mechanical and physical properties of the product makes it suitable for production of automotive parts, accessories and other components.

On the basis of application, the industry is segmented into packaging, automotive & transportation, building & construction, electrical &electronics, agriculture & horticulture, furniture & houseware, medical and others. Among these, furniture & houseware will account for almost 8% share in the overall industry by 2025.

In terms of revenue, the U.S recycled thermoplastics market will capture over USD 16 billion by 2025. Expansion in various industries such as packaging, medical and automotive & transportation in the country will boost the market demand in forecast period.

The prominent players in the recycled thermoplastics market include Suez, JP Industrial, Replas, KW Plastics, Plastipak Holdings, Merlin Plastics Alberta, Clear Path recycling and others.

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Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definition
1.3. Market estimation & forecast parameters
1.4. Data sources
1.1.1. Primary
1.1.2. Secondary
1.1.2.1. Paid sources
1.1.2.2. Public sources

Chapter 2. Executive Summary
2.1. Recycled thermoplastics market 360 degree synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Form trends
2.1.4. Technology trends
2.1.5. Product trends
2.1.6. Application trends
2.1.7. Regional trends

Chapter 3. Recycled Thermoplastics Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Recycling trends
3.3.3. Profit margin analysis
3.3.4. Value addition at each stage
3.3.5. Distributor channel analysis
3.3.6. Vendor matrix
3.3.6.1.1. List of key manufacturers/supplier
3.3.6.1.2. List of key/potential customers
3.3.6.1.3. List of key raw material suppliers
3.4. Raw material analysis
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Technology landscape
3.5.3. Government subsidies
3.5.4. Comparison of different equipment/machines
3.5.5. Future trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Global
3.6.1.1.1. Growth in electrical & electronics industry
3.6.1.2. Regional

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Outside scope of this report Owing to the rapid urbanization and the subsequent need for lighter, eco-friendly building components, the recycled thermoplastic market is gaining commendable traction given that these thermoplastics are used for replacing products made of wood or metal. Thermoplastics can be melted and remolded several times before they become unusable, making them an affordable recyclable material ideal for the fast growing construction segment, as they entail lesser maintenance or replacement expenses. Composites made from recycled thermoplastics exhibit more durability and flexibility than wooden or aluminium parts, which has bolstered the efforts of governments to promote recycling activities. Resistance against corrosion and different chemicals has also resulted in the adoption of these materials for the building and construction applications.

According to statistics provided by the European Construction Industry Federation (FIEC), the total construction output in the EU for 2017 stood at a massive €1,364 bn ($1591.45 bn) and the region’s construction sector is expected to grow even further in the years ahead. The anticipated rise in the demand for more cost-effective components will drive the industry towards recycled thermoplastic materials which are light weight and easier to install. Besides their utility in flooring and roofing components, the insulation properties of these materials make them suitable for ensuring temperature consistency in buildings, while being safer due to flame retardant characteristics. With a vast amount of raw material available due to disposal of plastic water bottles, plastic toys and containers, the recycled thermoplastic market will witness unprecedented growth in Europe over the coming years. Large scale residential projects initiated by European governments will further boost the industry growth.

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