Plastics Manufacturing Market was valued at USD 500 Billion in 2022 and is projected to reach USD 700 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global plastics manufacturing market was valued at approximately USD 650 billion in 2022, with expectations to reach around USD 750 billion by 2027. This growth reflects a compound annual growth rate (CAGR) of about 3.5% during the forecast period. The market's expansion is driven by the increasing demand for plastics across various industries including automotive, construction, packaging, and consumer goods. The rise in consumer preferences for lightweight, durable, and cost-effective materials is expected to further propel market growth. Additionally, advancements in polymer technologies and recycling processes are contributing to the industry's evolution, addressing sustainability concerns and regulatory pressures.Emerging markets, particularly in Asia-Pacific, Latin America, and the Middle East, are experiencing significant growth due to rapid industrialization and urbanization. In these regions, the rising middle-class population and increased infrastructure investments are stimulating demand for diverse plastic products. Opportunities also lie in the development of biodegradable plastics and innovative manufacturing techniques that meet environmental regulations and consumer expectations for sustainability. As these markets continue to evolve, they present substantial growth potential for plastics manufacturers seeking to capitalize on new applications and technologies.
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AkzoNobel
BASF
Bayer
Borealis
ExxonMobil Corporation
Formosa Plastic Group
Evonik Industries
Grupo Antolin-Irausa
Johnson Controls
Lear Corporation
Magna International
Momentive Performance Materials
Royal DSM
SABIC
Teijin
Dow Chemical
Eastman Chemical Company
Mitsubishi Chemical Holdings Corporation
Asahi Kasei
Ascend
DOMO Chemicals
CHIMEI
CNPC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastics Manufacturing Market
Aerospace Industry
Electronics Industry
Building Materials
Packaging industry
Other Application
Based on Types the Market is categorized into Below types that held the largest Plastics Manufacturing market share In 2023.
Acrylonitrile Butadiene Styrene (ABS)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastics Manufacturing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastics Manufacturing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastics Manufacturing Market, By Type
6. Global Plastics Manufacturing Market, By Application
7. Global Plastics Manufacturing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastics Manufacturing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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