2019 Plastics Research Review
- The global market for thermoformed plastics reached $13.0 billion in 2018 and should reach $16.7 billion by 2023, at a compound annual growth rate (CAGR) of 5.1% for the period of 2018-2023.
- The global market for plastic processing machinery reached $35.2 billion in 2018 and should reach $41.1 billion by 2023 at a CAGR of 3.0% through 2023.
- The global market for thermally conductive plastics reached $772.0 million in 2018 and should reach $1.6 billion by 2023 at a CAGR of 15.1% through 2023.
The plastic industry has seen many ups and downs due to growing awareness for earth friendly substances and reusable materials that can prevent cheap grade plastics coming to our daily usages. In the recent years, most of the plastic manufacturers have shifted their focus towards producing bioplastics to adhere government regulations on plastic and of course; to project their brands as a planet friendly substance producer.
Europe was the early leader in developing plastics from renewable resources due, in part, to the depth of polymer research organizations in Germany (e.g., the Fraunhofer Institute). It is also related to the extensive involvement of green organizations in European society such as the Green Party, an influential German political organization. The Americas, however, bypassed Europe in the development of bioplastics in early 2010s because of huge agricultural production in the U.S. and Brazil as well as government support of agriculture-based chemicals, particularly ethanol.
One result was an explosion of output of bottle-grade polyesters and polyethylene from sugar-derived feedstock. Another was the enormous growth of polyurethane foams produced with soybean-based polyols used in car seats and furniture. According to the recent news, in January 2019, Samsung, one of the world’s largest producer of smartphones, announced to use bioplastic as its packaging substance for phone-based products by end of 2019. The market for bioplastics is anticipated to grow at a healthy rate of ~11% in the coming years.
This 2019 Plastic Research Review includes excerpts from the following reports:
- PLS050E Global Markets and Technologies for Bioplastics.
- PLS003L Rigid Transparent Plastics: North American Markets.
- PLS095A Acrylonitrile Styrene Acrylate (ASA) Polymers: Applications and Markets.
- PLS047E Thermoformed Plastics: Global Markets.
- PLS104A Plastic Processing Machinery: Global Markets.
- PLS023E Synthetic Paper: Technologies and Global Markets.
- PLS105A Thermally Conductive Plastics: Type and Global Markets.
- PLS102A Automotive Plastics: Asia-Pacific Markets.
We hope you find this Research Review valuable, and we look forward to serving our customers instrumentation and sensors market research needs.
BCC Research Staff
BCC research staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as electronics and semi-conductors, automotive, industrial automation, ICT, petroleum, electrical engineering, business administration, among others.
- The global market for plastics injection molding reached $139 billion in 2018 and should reach $233 billion by 2023, at a compound annual growth rate (CAGR) of 10.9% for the period of 2018-2023.
- The global market for plastics recycling should grow from $25.3 billion in 2018 to $33.8 billion by 2023 at a compound annual growth rate (CAGR) of 5.9% for the period of 2018-2023.
- The global market for flexible-foam reached $29.1 billion in 2017. The market should reach $36.9 billion by 2022 at a compound annual growth rate (CAGR) of 4.9% for the period of 2017-2022.
- The global market for EMI/RFI shielding is expected to reach nearly $5.1 billion in 2012 and $5.2 billion in 2013. Total market value is expected to reach nearly $6 billion in 2018 after increasing at a five-year compound annual growth rate (CAGR) of 2.9% for the five-year period 2013 to 2018.
- The global plastic healthcare packaging market was nearly 9.6 billion pounds in 2012 and slightly more than 10 billion pounds in 2013. It is expected to increase and reach more than 13 billion pounds by 2018, which corresponds to a 5.6% CAGR for the five-year period, 2013 to 2018.
- The estimated distribution of compounded thermoplastic resins in North America reached 89.8 billion pounds in 2012. This total is expected to grow 90.9 billion pounds in 2013 and 102.3 billion pounds in 2018 at a CAGR of 2.4% for the period of 2013-2018.
This 2012 Plastics Research Review provides:
- A comprehensive and updated reference for those interested and/or involved with the U.S. plastic pipe and tubing industries and that both serve and benefit from these industries.
- Analysis and forecasting market developments regarding major applications for bioplastics, including packaging, automotive, electrical/electronic, medical, building and construction.
- Analysis for those who are interested and/or involved in the plastic thermoformed businesses that include resin producers, plastic sheet producers, thermoformers and those in the major industries using these products.
- Coverage of all electronic components where plastics are used to a significant extent in mostly molding electronic components and excludes fiber optics, wire and cable, enclosures, recording media, etc.
- The global market for electroactive polymers was $1.9 billion in 2010 and is expected to be about $2.1 billion in 2011. It is forecast to grow to over $3 billion by 2016 at a compound annual growth rate (CAGR) of 6.1%.
- The global market for applications of wood-plastic composites, cellulosic plastics, plastic lumber and natural fiber composites is estimated at about 2.4 million metric tons in 2011. By 2016, it is estimated at nearly 4.6 million metric tons and rising at a CAGR of 13.8%.
- The North American fiber-reinforced plastic/composite market is estimated at 2.7 billion pounds in 2010 and is expected to increase to about 3.1 billion by 2015, reflecting a 2.8% CAGR.
The North American transparent plastics market was estimated at more than 3.3 billion pounds in 2010 and is projected to reach 4 billion pounds by 2015, a compound annual growth rate (CAGR) of 3.7%. Polycarbonates, acrylics, and polystyrenes accounted for about 80% of total volume in 2010 and will maintain their aggregate share through the middle of this decade.
The merchant market for polymeric (plastic) foams in the U.S. is a large one, estimated at more than 7.5 billion pounds in 2010. BCC forecasts an overall compounded average annual growth rate (CAGR) of about 2.5% for all foams, that is, foams produced from commercial plastics, for the period 2010 to 2015, a market of 8.6 billion pounds by 2015.
The U.S. medical plastics market is estimated at almost 3.5 billion pounds in 2010 and will grow at a compound annual growth rate (CAGR) of about 5%, consuming about 4.4 billion pounds by 2015.