Product Code: GVR-4-68038-189-4
Industrial Plastic Market Growth & Trends:
The global industrial plastic market size is anticipated to reach USD 143.03 billion by 2030, registering a revenue-based CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Developments in the building and construction. electrical and electronics industries are projected to positively impact the demand for industrial plastics. Industrial plastics reduce weight in various equipment, thus improving their performance and reducing the overall maintenance cost. Rising demand for environmentally friendly and energy-saving products and solutions is expected to drive the market for industrial plastics. Moreover, increasing investments by the government and private institutions in the aerospace and defense sector are projected to contribute to the demand for these industrial plastics.
Most global companies are expected to enhance their product offerings for their consumers in Asia Pacific, Central and South America, and the Middle East and Africa. This can be attributed to significant growth opportunities for these companies in the electrical and electronics and building and construction industries. Strategic partnerships, capacity expansion, and new product development are among the major strategies adopted by most players operating in the market. Demand for products that are lightweight, durable, and efficient is increasing in various applications, including automotive, electrical and electronics, building and construction, and others. New product launches have enabled consumers to pick application-specific products from a wide range of options. Expansion of distribution channels has also made industrial plastics readily available to the users, thus acting as a driving force for the growth of this market.
Industrial Plastic Market Report Highlights:
- Based on product, polyamide occupied the largest share in 2014 on account of its properties, such as rigidity, sliding friction, dimensional stability, and chemical resistance
- PEKK emerged as the fastest growing product segment in Asia Pacific and North America as it is used in 3D printing application in the healthcare, automotive, and aerospace industries
- By application, the automotive and transportation segment accounted for 29.1% share of the global revenue in 2024 and is projected to witness significant growth over the forecast period.
- Asia Pacific dominated the market in 2024, holding the largest revenue share at over 45.9%, China being the largest shareholder in the region, accounting for 52.84% of the market share,
- The overall North American plastics market is projected to reach a revenue of approximately USD 139.65 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2030.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Industrial Plastic Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related market outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Industrial Plastic Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Plastic Market: Product Movement Analysis & Market Share, 2018 & 2030
- 4.3. Polyphenylene Ether
- 4.3.1. Polyphnylene Ether Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.4. Acrylonitirle Butadiene Styrene (ABS)
- 4.4.1. Acylonitile Butadiene Styrene (ABS) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.5. Polybutylene Terephthalate (PBT)
- 4.5.1. Polybutylene Terephthalate (PBT) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.6. PEEK
- 4.6.1. PEEK Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.7. Polyamide
- 4.7.1. Polyamide Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.8. Polysulfone (PSU)
- 4.8.1. Polysulfone (PSU) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.9. Polyphenylsulfone (PPSU)
- 4.9.1. Polyphenylysulfone (PPSU) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.10. Liquid Crystal Polymers
- 4.10.1. Liquid Crystal Polymers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.11. Polytetrafluoroethylene (PTFE)
- 4.11.1. Polytetrafluoroethylene (PTFE)M Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.12. Polyetherimide
- 4.12.1. Polyetherimide Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.13. PEKK
- 4.13.1. PEKK Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.14. Polycarbonate
- 4.14.1. Polycarbonae Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 4.15. Others (PEK, etc.)
- 4.15.1. Others (PEK, etc.) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
Chapter 5. Industrial Plastic Market: Application Estimates & Trend Analysis
- 5.1 Segment Dashboard
- 5.2 Industrial Plastic Market: Application Movement Analysis & Market Share, 2024 & 2030
- 5.3 Packaging
- 5.3.1 Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 5.4 Building & Construction
- 5.4.1 Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 5.5 Electrical & Electronics
- 5.5.1 Electrical & Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 5.6 Healthcare
- 5.6.1 Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
- 5.7 Aerospace
- 5.7.1 Aerospace Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Tons)
Chapter 6. Industrial Plastic Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.2. North America
- 6.2.1 North America Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.2.2 US
- 6.2.2.1 Key Country Dynamics
- 6.2.2.2 U.S. Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.2.3 Canada
- 6.2.3.1 Key Country Dynamics
- 6.2.3.2 Canada Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.2.4 Mexico
- 6.2.4.1 Key Country Dynamics
- 6.2.4.2 Mexico Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3 Europe
- 6.3.1 Europe Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3.2 Germany
- 6.3.2.1 Key Country Dynamics
- 6.3.2.2 Germany Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3.3 UK
- 6.3.3.1 Key Country Dynamics
- 6.3.3.2 UK Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3.4 France
- 6.3.4.1 Key Country Dynamics
- 6.3.4.2 France Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3.5 Italy
- 6.3.5.1 Key Country Dynamics
- 6.3.5.2 Italy Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3.6 Spain
- 6.3.6.1 Key Country Dynamics
- 6.3.6.2 Spain Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.3.7 Turkey
- 6.3.7.1 Key Country Dynamics
- 6.3.7.2 Turkey Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.4.2 China
- 6.4.2.1 Key Country Dynamics
- 6.4.2.2 China Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.4.3 India
- 6.4.3.1 Key Country Dynamics
- 6.4.3.2 India Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.4.4 Japan
- 6.4.4.1 Key Country Dynamics
- 6.4.4.2 Japan Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.4.5 Southeast Asia
- 6.4.5.1 Key Country Dynamics
- 6.4.5.2 Southeast Asia Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.5 Latin America
- 6.5.1 Latin America Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.5.2 Brazil
- 6.5.2.1 Key Country Dynamics
- 6.5.2.2 Brazil Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
- 6.6 Middle East Africa
- 6.6.1 Middle East Africa Industrial Plastic Market Estimates & Forecast, 2018 - 2030 (USD Million, Tons)
Chapter 7. Industrial Plastic Market - Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Company Categorization
- 7.3 Company Heat Map
- 7.4 Position Analysis, 2024
- 7.5 Strategy Mapping
- 7.5.1 Expansion
- 7.5.1 Mergers & Acquisition
- 7.5.2 Partnerships & Collaborations
- 7.5.3 New Product Launches
- 7.5.4 Research And Development
- 7.6 Company Profiles
- 7.6.1 BASF
- 7.6.1.1 Participant's overview
- 7.6.1.2 Financial performance
- 7.6.1.3 Product benchmarking
- 7.6.1.4 Recent developments
- 7.6.2 SABIC
- 7.6.2.1 Participant's overview
- 7.6.2.2 Financial performance
- 7.6.2.3 Product benchmarking
- 7.6.2.4 Recent developments
- 7.6.3 Victrex plc.
- 7.6.3.1 Participant's overview
- 7.6.3.2 Financial performance
- 7.6.3.3 Product benchmarking
- 7.6.3.4 Recent developments
- 7.6.4 Ensinger
- 7.6.4.1 Participant's overview
- 7.6.4.2 Financial performance
- 7.6.4.3 Product benchmarking
- 7.6.4.4 Recent developments
- 7.6.5 Evonik Industries AG.
- 7.6.5.1 Participant's overview
- 7.6.5.2 Financial performance
- 7.6.5.3 Product benchmarking
- 7.6.5.4 Recent developments
- 7.6.6 MWM Engineering Ltd.
- 7.6.6.1 Participant's overview
- 7.6.6.2 Financial performance
- 7.6.6.3 Product benchmarking
- 7.6.6.4 Recent developments
- 7.6.7 LyondellBasell Industries Holdings B.V.
- 7.6.7.1 Participant's overview
- 7.6.7.2 Financial performance
- 7.6.7.3 Product benchmarking
- 7.6.7.4 Recent developments
- 7.6.8 Arkema inc.
- 7.6.8.1 Participant's overview
- 7.6.8.2 Financial performance
- 7.6.8.3 Product benchmarking
- 7.6.8.4 Recent developments
- 7.6.9 Eastman Chemical Company
- 7.6.9.1 Participant's overview
- 7.6.9.2 Financial performance
- 7.6.9.3 Product benchmarking
- 7.6.9.4 Recent developments
- 7.6.10 Solvay SA
- 7.6.10.1 Participant's overview
- 7.6.10.2 Financial performance
- 7.6.10.3 Product benchmarking
- 7.6.10.4 Recent developments
- 7.6.11 Formosa Plastics Corporation, U.S.A.
- 7.6.11.1 Participant's overview
- 7.6.11.2 Financial performance
- 7.6.11.3 Product benchmarking
- 7.6.11.4 Recent developments
- 7.6.12 Teijin Aramid
- 7.6.12.1 Participant's overview
- 7.6.12.2 Financial performance
- 7.6.12.3 Product benchmarking
- 7.6.12.4 Recent developments
- 7.6.13 Mitsubishi
- 7.6.13.1 Participant's overview
- 7.6.13.2 Financial performance
- 7.6.13.3 Product benchmarking
- 7.6.13.4 Recent developments