Global Thermoplastic Market - Forecasts from 2018 to 2023
The global thermoplastic market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. Thermoplastics are plastic polymers that soften when they are heated, allowing for molding, and solidify again as they are cooled. These are used for wide range of applications from consumer goods to medical equipment, depending upon the type of material. Rapid urbanization across the globe is bolstering the thermoplastics market growth. Geographically, Asia Pacific holds a significant share in the market owing to the growing industrialization and construction activities in the region. The market is expected to grow at a good pace owing to the burgeoning demand for engineering plastics in industries such as automotive, electrical and electronics and etc.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the thermoplastic value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global thermoplastic market.
Major industry players profiled as part of the report are Arkema, Covestro AG, BASF SE, Evonik Industries AG, Eastman Chemical Company, LANXESS, Mitsubishi Chemical Corporation, Celanese Corporation, Solvay, DowDuPont, and SABIC.
The Thermoplastic market has been analyzed through following segments:
Polyethylene terephthalate (PET)
Polymethyl methacrylate (PMMA)
By End-User Industry
Electrical and Electronics
Middle East and Africa
Key insights offered
What will be the global thermoplastic market size from 2018 to 2023?
How are the major drivers and restraints affecting the global thermoplastic market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
Evonik Industries AG
Eastman Chemical Company
Mitsubishi Chemical Corporation
*List is not exhaustive