Press release
Thermoplastics production is currently estimated 242.67 million tonnes in 2015 and expected to reach 296.66 million tonnes by 2020 showing a CAGR of 4.1%
thermoplastics market, thermoplastics market size, engineering thermoplastics market, high performance thermoplastics market, cont
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The major trend driving the thermoplastics market is the growing demand for Developing countries like India, China and Brazil, and is reflected in growing production of thermoplastics: in 2012 production of thermoplastics amounted to 218.88 million tonnes.
Global thermoplastics production is currently estimated to be 242.67 million tonnes in 2015 and is expected to reach 296.66 million tonnes by 2020 showing a compound annual growth rate of 4.1%. Asia-Pacific currently dominates the market for thermoplastics followed by North America and Europe. The developing regions of South America and Asia Pacific are expected to increase its market share in the future owing to the growing purchasing power in the developing countries.
The market is segmented by geography - North Americas, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various applications of thermoplastics have been discussed in detail in addition to a comprehensive overview of the market.
Our Thermoplastics current data shows that Europe and North America remain interesting as locations for research and development and also important as sales markets. However, the establishment of new production capacities is favored in the Middle East region.
Middle East region will emerge as the largest exporter of polyethylene in the world. Production of polyethylene in most countries will be unable to compete with the Middle East production as feedstock costs of the Middle East producers are much less than that of the cost of feedstock available to Asian and European producers.
Thermoplastics are used in an increasing number of markets from Packaging, Building & Construction, Electrical & electronics, Automotive & transportation, Furniture & bedding, Sports & leisure and a number of other segments.
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China is the most attractive market for polyethylene in the world and will be the principal driver for global thermoplastics demand to 2020. The rapid increase in downstream processing capacity additions, primarily geared towards export markets, will be the main driver of polyethylene demand in the future. The study indicates that innovations in packaging, rising living standards and population, growing demand in end user markets, and emerging economies are anticipated to boost the industry.
The industry is expected to face certain challenges such as regulatory standards to reduce CO2 emissions, fluctuation of crude oil prices, and product commoditization.
The report elucidates the situation of thermoplastics around the world and studies the markets of the thermoplastics type which include Commodity Thermoplastics as Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl chloride (PVC), Copolymers with Specific Applications as Acrylonitrile butadiene styrene (ABS)/Styrene acrylonitrile (SAN), Engineering Thermoplastics as Polyamide (PA), Polycarbonates (PC), Polymethyl methacrylate (PMMA), Polyoxymethylene (POM), Polyethylene terephthalate (PET), Polybutylene terephthalate (PBT), Engineering Plastics with High Performance as Polyether ether ketone (PEEK), Liquid Crystal Polymer (LCP), Polytetrafluoroethylene (PTFE), Polyimide (PI) and Others (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI).
The key players of Thermoplastics Market globally includes the Arkema SA, BASF, Evonik Industries AG, SABIC Innovative Plastics, Covestro, Solvay Plastics, Royal DSM NV, DuPont, Asahi Kasei Corporation, Teijin Chemicals Limited etc. among others.
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