Industrial Plastics Market

Industrial Plastics Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

Industrial plastics market is anticipated to expand at a CAGR of 4.8% from 2023 to 2032.

The industrial plastics market was valued at US$ 80.6 billion in 2022.

The industrial plastic market is driven by several factors, including the increasing demand for lightweight and durable materials in various industries such as automotive, construction, and packaging.

The polyamide segment held the largest share in the industrial plastic market, due to its wide range of applications and the fact that it is a relatively low-cost material.

North America, followed by Europe is the second-largest segment in the global industrial plastic market, driven by the strong automotive and packaging industries in countries such as Germany, France, and the UK.

The automotive & transportation segment is the largest segment in the industrial plastic market by application, due to the high demand for strong and durable materials in the automotive and transportation industries.

Arkema Inc., BASF SE, Eastman Chemical Company, Ensinger GmbH, Evonik Industries AG, Formosa Plastics Corporation, LyondellBasell Industries Holdings B.V., Mitsubishi Engineering, Plastics Corporation, SABIC, Solvay SA, Teijin Limited, Victrex plc, among others, are the top players in this industrial plastics market.