Industrial Plastic Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Plastic Trends and Forecast

The future of the global industrial plastic market looks promising with opportunities in the building & construction, packaging, electrical & electronic, healthcare, automotive & transportation, and aerospace markets. The global industrial plastic market is expected to reach an estimated $99.2 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight plastic components in industries and continuous shift towards sustainable packaging solutions.

A more than 150-page report is developed to help in your business decisions.

Industrial Plastic by Segment

The study includes a forecast for the global industrial plastic by product, application, and region.

Industrial Plastic Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Acrylonitrile Butadiene Styrene
• Polyphenylene Ether
• Polyamide
• Polysulfone
• Polyphenylsulfone
• Polyetherimide
• Polycarbonate
• Others

Industrial Plastic Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Packaging
• Electrical & Electronics
• Healthcare
• Automotive & Transportation
• Aerospace
• Others

Industrial Plastic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Plastic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial plastic companies profiled in this report include-

• SABIC
• BASF
• Victrex
• Evonik Industries
• Ensinger
• Lyondellbasell
• Eastman Chemical
• Arkema
• Solvay
• Teijin

Industrial Plastic Market Insights

Lucintel forecasts that polycarbonate is expected to witness the highest growth over the forecast period due to its ability to decrease vehicle weight and thus improve fuel consumption.

Within this market, automotive will remain the largest segment due to significant use of industrial plastic in this sector owing to its substantial contribution to vehicle weight reduction and enironmental friendliness.

APAC will remain the largest region over the forecast period due to continuous urbanisation and rapid infrastructure development in this region.

Features of the Global Industrial Plastic Market

Market Size Estimates: Industrial plastic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial plastic market size by product, application, and region in terms of value ($B).

Regional Analysis: Industrial plastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the industrial plastic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial plastic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the industrial plastic market size?

Answer: The global industrial plastic market is expected to reach an estimated $99.2 billion by 2030.

Q2. What is the growth forecast for industrial plastic market?

Answer: The global industrial plastic market is expected to grow with a CAGR of 4.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the industrial plastic market?

Answer: The major drivers for this market are increasing demand for lightweight plastic components in industries and continuous shift towards sustainable packaging solutions.

Q4. What are the major segments for industrial plastic market?

Answer: The future of the industrial plastic market looks promising with opportunities in the building & construction, packaging, electrical & electronic, healthcare, automotive & transportation, and aerospace markets.

Q5. Who are the key industrial plastic market companies?

Answer: Some of the key industrial plastic companies are as follows:

• SABIC
• BASF
• Victrex
• Evonik Industries
• Ensinger
• Lyondellbasell
• Eastman Chemical
• Arkema
• Solvay
• Teijin

Q6. Which industrial plastic market segment will be the largest in future?

Answer: Lucintel forecasts that polycarbonate is expected to witness the highest growth over the forecast period due to its ability to decrease vehicle weight and thus improve fuel consumption.

Q7. In industrial plastic market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to continuous urbanisation and rapid infrastructure development in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial plastic market by product (acrylonitrile butadiene styrene, polyphenylene ether, polyamide, polysulfone, polyphenylsulfone, polyetherimide, polycarbonate, and others), application (building & construction, packaging, electrical & electronics, healthcare, automotive & transportation, aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?