Increasing Demand for Applications in Automotive and Transport, Construction Sector Driving the growth of Thermoplastics Market

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

With the growth in the production of thermoplastics, it is expected that the market will increase in the countries of Asia and the Pacific due to the high market potential of polyethylene in China, followed by manufacturing establishments in the Middle East . Europe and North America develop thermoplastics markets, and recent advances and production capacities are expected to complement the growth of the market.

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.

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KEY BENEFITS FOR STAKEHOLDERS:

• This report provides a quantitative analysis of the current trends, future estimations, clinical developments, and dynamics through 2014-2022, 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.

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.

Top key players in the market :

• Arkema,
• BASF SE
• Convestro
• Du Pont
• Evonik Industries
• LG Chem Ltd
• Royal DSM NV
• Solvay Plastics, SABIC
• Daicel Corporation
• Eastman Chemical Company
• Asahi Kasei Corporation.

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