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The global recycled plastic market size was stood at an estimated revenue of $59,777.3 million in 2021, which is projected to advance at a CAGR of 8.5% during 2021–2030.
The global polypropylene market was valued at $94.3 billion revenue in 2020, and it is expected to grow at a CAGR of 5.7% during 2020–2030. The major factors driving the growth of the market are the expanding non-woven polypropylene fiber industry, and increasing usage of polypropylene in packaging industry.
The global synthetic fibers market was valued around $60.0 billion in 2020, and is expected to grow at a significant rate during the forecast period (2021–2030).
The global synthetic rubber market generated around $31.0 billion in revenue in 2020. This is mainly attributed to the increasing replacement of automotive tires, growing need for long-lasting rubber, rising production capacity of rubber manufacturers and capital investment by them, and growing automotive industry.
The global 3D printing high-performance plastics market stood at around $73.5 million in 2020, and it is expected to grow significantly during the forecast period.
A prominent trend observed in the global thermoplastic composites market is the designing of lightweight automobiles and aircraft, by replacing metal with composites.
With the increasing demand for lightweight vehicles and rising awareness for keeping safety as the first priority, the demand for acrylonitrile butadiene styrene material from the automotive industry is surging.
The increasing demand for FRP vessels over metallic vessels usually made up of steel is identified as a prominent trend in the global FRP vessels market. These are the fiber-reinforced plastic vessels, used in industries, such as water and wastewater, chemical, and oil & gas, for the storage of water, chemicals, and oil and gas.
A large number of advantages associated with polyester fiber, such as low cost, high strength and elasticity, and recyclability, make it a favorable choice in the textile industry.
The global production of plastics reached 359.0 million tons in 2018 from 348.0 million tons in 2017. Increasing population and rising demand for packaged food and beverages are some of the key factors driving the demand for plastics.
The global polymer market was valued at $533.6 billion in 2019, and is projected to witness a CAGR of 5.1% during the forecast period (2020–2030), to reach $838.5 billion by 2030.
The global breathable films market is projected to showcase strong growth in the near future, on account of the increasing focus on maintaining hygiene standards coupled with the rising awareness on personal care and cleanliness.
The global antimicrobial plastics market is poised to demonstrate strong growth during the forecast period. This can be attributed to the increasing consumption of these plastics in the medical & healthcare sector, particularly in emerging economies such as China, India, Brazil, and Thailand, wherein there has been a surge in investments in healthcare.
The global automotive plastics market is projected to showcase growth in the coming years, on account of the increasing demand for automobile furnishings, such as light panels & displays.
The polytetrafluoroethylene (PTFE) market revenue stood at $2,197.8 million in 2018, and it is expected to witness a CAGR of 5.0% during 2019–2024.
Escalating price of crude oil, which is the primary raw material for the production of petroleum-based polymers and rising awareness among public regarding ill-effects of plastic waste are among the key trends identified in the global biodegradable polymers market.
Recent trends observed in the global dyestuff for textile market are significant growth in the apparel market and increasing demand for technical textiles, which are mainly manufactured for their technical and performance properties rather than decorative properties. Apart from these, the demand for natural dyes is growing at a significant pace as these dyes are environment-friendly, which are mainly used in the apparel industry.
The global liquid crystal polymer market was valued at $1,037.4 million in 2017 and is projected to reach $1,447.9 million by 2023, witnessing a CAGR of 5.7% during the forecast period. The growing demand for consumer electronics products such as smartphones, tablets, personal computers, and smart watches are expected to boost the demand for LCPs during the forecast period.
Major manufacturers of phenolic resins are shifting their production base from developed regions such as North America and Europe to emerging economies of Southeast Asia to gain from availability of cheap raw material, low labor cost, and a vast resource pool. This is likely to translate into the development of cheaper resins and the introduction of new products in the APAC region.
Growing preference for blue or mixed-colored tarpaulin by users from diverse domains is a major trend witnessed in the plastic tarpaulin market. Furthermore, the demand for tarpaulin is majorly augmented during the rainy season. This increase in demand can be mainly attributed to the waterproof nature of the product, which ensures the protection of equipment, machinery, and crops.
The major trend being witnessed in the global microsphere market is the increased investments for boosting the capacity of microparticles. Owing to their large-scale application in wide range of industries, a large number of players engaged in the production of microsphere products will continue to expand their production capacity.
Plastic straps are basically the bundling materials which is applied over a specific item in order to combine, reinforce, hold, stabilize, or fasten it. These straps are also commonly referred to as strapping which is used in the packaging industry. Plastic straps are expected to witness significant growth from its application areas including paper and cotton industries, and construction industry.
Over the recent years, the demand for bioresorbable polymers has witnessed rapid growth owing to advancement in healthcare sector which is encouraging the consumption of these polymers in medical treatments, preventive health measures and drug delivery operations. Bioresorbable materials are used in extensive varieties of medical applications including coronary and fringe vascular frameworks, tissue obsession screws, bone pins and grapples, and medicate conveyance.
Hydroxyl-terminated polybutadiene is a telechelic polymer having unsaturated hydrocarbon backbone. It reacts with isocyanates to form polyurethane polymers. Polyurethanes that are prepared from this can be engineered for different physical properties as per the requirement. It is commonly used as a binder in rocket propellants and plastic bonded explosives.
Cellulose acetate is a natural plastic which is manufactured from purified natural cellulose. In the manufacturing of this natural plastic, natural cellulose is reacted with acetic anhydride, which comes out in flake form, which is then grounded to a fine powder. However, in primary form it cannot be processed as thermoplastic.
Valued at $4,441.7 million in 2017, the global conductive polymers market is projected to surpass $7,341.2 million by 2023, witnessing a CAGR of 8.7% between 2018 and 2023.
The global UV curable resins market was valued at $3,473.9 million in 2017 and is expected to reach $5,403.9 million in 2023, advancing at a CAGR of 7.7% during the forecast period. The market growth is mainly driven by the increasing use of environment-friendly industrial coatings and growing demand for UV curable inks for packaging purposes.
The global alpha olefins market is estimated to attain a size of $11,704.2 million in 2017 and is projected to reach $15,846.5 million by 2023, witnessing a CAGR of 5.4% during 2018–2023. The market is mainly driven by the increasing application of the compound in the production of specialty chemicals and polyolefin comonomers.
UV metallized caps and closures market is estimated to attain a size of $297.0 million in 2017 and is projected to reach $378.9 million by 2023, witnessing a CAGR of 4.2% during 2018-2023. The market is driven by increasing demand from different industries including cosmetics, fragrance, skin care, and food and beverage.
The global polymer concrete market was valued at $1,975.8 million in 2017, and it is projected to reach $2,964.0 million by 2023, with a CAGR of 7.1% during 2018–2023.
The global FRP pipe market attained a size of $2,134.4 million in 2016 and is projected to reach $3,753.8 million by 2023, witnessing a CAGR of 8.4% during 2017-2023. Rise in construction of water supply systems, development of sewage treatment facilities and rise in oil and gas activities especially shale gas exploration are some of the key factors driving the growth of the market.
The global injection molded plastics market was valued at $283.5 billion in 2016, which is expected to reach $496.2 billion by 2025, witnessing a CAGR of 6.0% during the forecast period (2017–2025).
The global polyimide films market size stood at $1,850.0 million in 2016 and is projected to reach $3,608.3 million by 2023, witnessing a CAGR of 10.1% during the forecast period. Growing application of polyimide (PI) films in different industry verticals such as semiconductor & electronics, automotive, medical equipment manufacturing, aerospace, and others is driving the growth of the market.
The glacial acrylic acid (GAA) market is expected to grow during the forecast period (2017-2023) due to the production of super absorbent polymer (SAP) using glacial acrylic acid (GAA). Super absorbent polymers are the fastest growing application segment with increasing end-use applications comprising manufacturing diapers, adult incontinence products and female hygiene products. Diaper application has been the largest glacial acrylic acid (GAA) consuming segment. The segment is likely to witness significant growth during th
The global breathable membranes market is expected to grow at a considerable rate during the forecast period (2017-2023) due to increasing focus on water-proofing the buildings in a cost-effective way thereby, safeguarding building materials from getting eroded by water vapors. The stringent government norms on minimizing the energy consumption of buildings is expected to create huge demand opportunities in the global breathable membranes market during the forecast period.
The global concrete fiber market is expected to grow during the forecast period (2017-2023) due to rapid urbanization and growing construction activities across the globe. Additionally, the concrete fiber market is also driven by the increasing demand for synthetic fibers in end-use industries such as transport infrastructure, building and construction, and mining and tunnel.
Long Fiber Thermoplastics (LFT) market is projected to rise at a faster rate during the forecast period (2017-2023) due to the growing demand from end use applications such as automotive, electrical and electronics industry. The long fiber thermoplastics are known for their lightweight, high-performance and environment-friendly nature. The increasing environmental concerns and increasing government regulations focusing on a superior fuel resulting in the growth of long fiber thermoplastics market during the forecast period.
The high-performance plastics market is driven by increasing application in a wide range of industries on account of their superior thermal conductivity and anti-corrosive properties. High performance plastics (HPPs) are gaining interests due to excellent performance when exposed to high temperature and being highly reactive chemicals. These plastics offer high heat stability, chemical resistance, and mechanical strength. Although, high performance plastics
The global engineering plastics market is expected to witness strong growth, during the forecast period. The growth in the global market is being propelled by emergence of substitutes for conventional materials in the form of engineering plastics in end-use applications, positive growth in end-use industries, growing demand for polyamides in 3D printing and increasing demand for engineering plastics from automotive industry. Increasing demand from emerging economies and use of engineering plastics in aerospace industry are s
Globally, the largest sales market for carbon black is the automotive industry. Carbon black is produced by partial combustion of heavy petroleum products like coal tar, FCC tar and ethylene cracking tar. It is a black colored powder in its physical state. It has variants such as thermal black, acetylene black, channel black, furnace black and lampblack. Carbon black is used as a tincture
Launch of new products and upcoming new technologies are the common trends in the global masterbatch market. Growth in masterbatch market is directly associated to the amount of polymer consumption in a region. Increasing production of plastic products and components, steady economic growth, innovation in packaging products, rapid industrialization and continuous