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Recycled Thermoplastic Market 2019 Current Growth Analysis & Estimated Forecast to 2025

07-29-2019 04:34 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Recycled Thermoplastic Market

Recycled Thermoplastic Market

The U.S recycled thermoplastic 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. 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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The rapid growth in the Asian automotive industry owing to significant production and sales of vehicle in the region will boost the recycled thermoplastic 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.

Recycled Thermoplastic Market by Type
• Biodegradable
• Non-biodegradable

Recycled Thermoplastic Market by Application
• Packaging
• Automotive & transportation
• Building & construction
• Electrical & electronics
• Agriculture & horticulture
• Furniture & housewares
• Medical
• Others

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 thermoplastic market demand in coming years.

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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.

The prominent players in the recycled thermoplastic market include:
• Suez
• JP Industrial
• Replas
• KW Plastics
• Plastipak Holdings
• Merlin Plastics Alberta
• Clear Path recycling

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https://www.gminsights.com/industry-analysis/recycled-thermoplastic-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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