The global plastics and polymers market size is expected to grow from USD 121 billion in 2016 to USD 210 billion by 2028, at a compound annual growth rate (CAGR) of 4.6% during the forecast period. The demand for plastics and polymers has increased significantly over the years due to their low cost-to-value ratio, durability, ability to be recycled and used as raw material inputs in other products such as paints, coatings, adhesives etc., thus leading them to experience an increase in demand globally.
On basis of type, the market is segmented into nylon, polyester and synthetic fibers, polyethylene, polypropylene, polyurethane rubber and bioplastics. The nylon segment is expected to lead the market growth in 2021 due to its high demand for use as a raw material input in paints; however it will be overtaken by plastics
Nylon is a synthetic fabric that is made from polyamides and it has great qualities such as durability, strength and flexibility. It can be used in products that are not sensitive to heat or moisture. Nylon fabrics were first discovered in 1934 by Wallace Carothers who was working for DuPont at the time. In 1939 he patented them under the name of "nylatron." In 1941 du Pont started using nylon for parachute cords but they found out later on during World War II that there wasn't enough nylon supply so other plastics like Dacron had to do instead which led to nylon being produced again after 1945 with much higher availability due to new technologies developed in wartime including very fast spinning machines.
Polyester is a synthetic fiber that was first discovered in 1854 by John Wesley Hyatt. It has the ability to be dyed easily and can withstand high temperatures which makes it great for weaving into fabric when you want something durable with little shrinkage and no stretching. In 1903, Du Pont started producing Dacron made from polyesters as they were cheaper than nylon but back then only cotton could hold up to the heat as there weren't any strong enough synthetic fibers available yet so other synthetics like rayon had to take over instead. Polyester production increased after 1939 since du Pont developed new technologies during wartime including fast spinning machines which led to an increase in availability of fabrics woven out of this material due to better techniques used by manufacturers.
Synthetic fibers are man-made materials that have been engineered to imitate natural animal or plant products. Synthetic fiber is also known as artificial fiber and synthetic textile. There's many different types of synthetic fibers, for example nylon, polyester and acrylics which offer you a range of properties depending on what the specific material is made from. The more common synthetics include: Polyamides (nylon), Acrylics (polyacrylates) Rayon/Viscose (rayon) Modacrylics , Olefin (polyethylene).
Polyethylene is a thermoplastic polymer that's been engineered to have different properties depending on the specific type. The most common types are low-density polyethylene and high-density polyethylene which can be used for various applications. It has many uses such as: film, bottles, piping, tarpaulin etc. Manufactured from ethylene gas with other chemicals it offers stability at higher temperatures than its competitor Polypropylene due to its unsaturated aliphatic chain structure and subsequent production of branches in the backbone (long chains). This makes it more elastic when heated or cooled which means it can easily stretch/shrink making them ideal for use in packaging where thickening agents aren't added in order to prevent tears.
Polyurethane rubber is a type of synthetic elastomer that has been widely used in the manufacturing industry. Urethanes are also known as poly-isocyanates and they can be synthesized from different compounds such as: methaol, butadiene or even ethylene oxide. Polyurethane rubbers have properties which make them better suited for use in construction than silicone oil based sealants due to their high resistance to compression set, ozone gas permeability, weathering with low volatility and outstanding tensile strength when coupled with its elasticity under load it's unsurpassed by any other material on earth.
Plastic is a term used to describe synthetic or semi-synthetic polymers that are designed for use in the manufacture of many products, such as pipes, containers and packaging. Plastic can also be made from biodegradable materials like corn starch or sugarcane if they contain less than 60% non-biodegradable substances. Bioplastics which are derived from natural sources including plant material have been around for decades with plastics converters adding them into their production process by extracting lactic acid (PLA) and other additives before converting it through polymerization reactions using free radicals generated by UV light. Companies will then test these new formulae on various types of plastics such as PET bottles until the formula comes together properly.
On basis of application, the market is segmented into manufacture, industry and others. The overall plastics And polymer market in Asia Pacific region will be dominating this sector which represents about 36%. The growth of plastics And polymer market in North America region will be limited due to environmental issues such as pollution from manufacturing plants or disposal methods that are not very effective for recycling materials. Due to increase in awareness of plastic pollution in the recent years, many manufacturers are looking for alternatives to plastics such as bioplastics. The demand of various types of bioplastic is increasing at a rapid rate due to its ability to fit into food service operations and packaging needs without creating any adverse effects on environment or people's health.
In 2016, manufacturing sector accounted for about 36% share of global plastics And polymer market and this segment will continue being dominant aspect till 2021-2028. The economy growth in Asia Pacific region has led companies towards expansion which would ultimately result in increased consumption of various products including plastics And polymers. This also means that there could be an increase in demand for raw materials like petroleum and its byproducts. The construction of new infrastructure and housing for the global population is driving up demand for plastic. China's rapid industrialization has been a major factor in increased spending on public construction projects, spurring an increase in both urban populations and sprawling suburbs that need roads, railroads, airports etc., all requiring plastics to be used as building materials.
Up Market Research published a new report titled “Plastics And Polymers Market research report which is segmented by Types (Nylon, Polyester And Synthetic Fibers, Polyethylene, Polypropylene, Polyurethane, Rubber, Bioplastics, Expandable Polystyrene, Others), By Applications (Manufacture, Industry, Others), By Players/Companies DowDupont, LyondellBasell Industries, Saudi Basic Industries, Covestro, LG”.
|Report Attributes||Report Details|
|Report Title||Plastics And Polymers Market Research Report|
|By Type||Nylon, Polyester And Synthetic Fibers, Polyethylene, Polypropylene, Polyurethane, Rubber, Bioplastics, Expandable Polystyrene, Others|
|By Application||Manufacture, Industry, Others|
|By Companies||DowDupont, LyondellBasell Industries, Saudi Basic Industries, Covestro, LG|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||219|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Nylon, Polyester And Synthetic Fibers, Polyethylene, Polypropylene, Polyurethane, Rubber, Bioplastics, Expandable Polystyrene, Others and By Application Manufacture, Industry, Others.
Some of the companies that are profiled in this report are:
Plastics And Polymers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Plastics And Polymers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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