Top 10 Plastics Market worth 586.24 Billion USD by 2021

The report “Top 10 Plastics Market by Type (Polyethylene, Polypropylene, Expanded Polystyrene, Polyethylene Terephthalate, Polyvinyl Chloride), Application (Automotive, Building & Construction, Packaging, Electronics & Consumer, Textile) – Global Forecast to 2021″, The global top 10 plastics market is projected to reach USD 586.24 Billion by 2021, at a CAGR of 6.84%. By volume, the market is projected to reach 332.4 Million tons by 2021, at a CAGR of 4.68%.

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Browse 34 market data tables and 17 figures spread through 151 Slides and in-depth TOC on “Top 10 Plastics Market”

This progress is fueled by the growth in key end-use industries, such as automotive, building & construction, packaging, electrical & electronics, and construction; substitution of metal-based products with various plastic materials; and rising disposable income of middle class in emerging economies.

Polyethylene (PE): The largest type segment of the top 10 plastics market

Polyethylene is the largest type segment of the global top 10 plastics market, followed by the polypropylene segment. The high demand for polyethylene is mainly due to its effective and substantial usage in consumer products, especially in packaging materials. Properties, such as flexibility, thermal & electrical insulation, and chemical & thermal resistivity, make its usage widespread in applications such as packaging, construction, electrical, electronics, automotive, and so on. Polyethylene is also lightweight, easy to manufacture, and easily available, which further boost its demand in the aforementioned applications.

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Packaging: The largest application segment of the top 10 plastics market

Packaging is currently the largest application segment of the top 10 plastics market. Plastics provide a much cleaner, tougher, and aesthetically appealing form of packaging, especially for the food & beverage industry and the electronics industry. This is anticipated to fuel its demand in the packaging application segment. The extensive use of plastics in bags, pouches, and sachets as well as in conventional packaging methods is also expected to drive the growth of the packaging segment.

Asia-Pacific: The largest market for top 10 plastics

The Asia-Pacific region was the largest market for top 10 plastics, in terms of value and volume, in 2015. The steady growth in construction spending of countries this region, such as India, Vietnam, Indonesia, and Thailand, has led to increased investments in industrial and public infrastructure where plastics products are widely used. The extensive use plastics in electronics & consumer products and automotive applications and the growing preference of people for urbanized lifestyle are also key factors responsible for making Asia-Pacific the largest market for the top 10 plastics.

The Dow Chemical Company (U.S.), ExxonMobil Chemical Company, Inc. (U.S.), and SABIC (Saudi Arabia) are the most important players in the global top 10 plastics market. These companies witnessed the highest strategy adoptions in the market, and accounted for the largest share of the overall activities from 2011 to 2016.

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Factors that Affect on the Waste Heat Recovery System Market in Upcoming Years

The market size of waste heat recovery (WHR) system was USD 44.14 billion in 2015 and is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The major players adopted key strategies such as supply contract and agreements to increase their market share and revenue. Other major growth strategies adopted by WHRS manufacturers are acquisitions and partnership & collaboration that help the company strengthen their position in the WHR system market.

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Major players operating in the WHR system market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado).

Ormat Technologies Inc. (U.S.) is one of the leading WHR system manufacturers, globally. The company has been focusing on supply contracts to maintain its leading position in the market. For instance, in November 2014, Ormat Technologies secured a contract of USD22.3 million from Utah Associated Municipal Power Systems (U.S.) for engineering, procurement, and construction at the Kern River Gas Transmission Company’s Veyo natural gas compressor station in southern Utah. This contract included installation of air-cooled Ormat Energy Converter, which will generate power using the recovered heat.

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Amec Foster Wheeler (U.K.) is another major player in the WHR system market. The company has been focusing on supply contracts as part of its strategic development activities. In April 2016, Amec Foster Wheeler secured a contract from Cleco Corporation (U.S.) to design and supply a complete 50 MWe power island in Louisiana, US. This waste heat generated from the production of carbon black, used in items such as tires and industrial rubber products will be used to produce steam, which will in turn create electricity that can be sold and sent to the grid. This contract included supplying the power plant’s major equipment, including steam turbine generator, WHR steam generator, feedwater heater, condenser, deaerator, pumps, and cooling tower.

This report provides a detailed analysis of the WHR system market and segments the same on the basis application, end-use industry, and region. Based on application, the market has been segmented into preheating, steam & electricity generation, and others. Based on end-use industry, the market has been segmented as petroleum refining, metal production, cement, chemical, paper & pulp, and others. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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Paper is the key end-use industry for CHPTAC

Increased use of paper and paper products with the increasing modernization and industrialization drives the paper industry in Asia-Pacific, making it an attractive market for CHPTAC. China’s paper industry drives the market for CHPTAC in the country with China being the largest market. Asia-Pacific is the fastest-growing market for CHPTAC, followed by Europe and North America which are growing at almost the same pace. The U.S., Thailand, and China are the world’s largest markets for CHPTAC in various end-use industries which include paper, water treatment, oil & gas, etc. Moreover, China and India are projected to be the fastest-growing economies between 2015 and 2020. The U.S. accounted for largest share of the CHPTAC market for starch modification. The U.S. is one of the largest producers of corn and maize for which it is one of the key producers of modified starch, which makes it the largest market for CHPTAC.

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The paper industry in the developed and developing counties offers growth opportunities. Supported by favorable growth in a number of end-use industries with small shares in the personal care, textile, dye, chemicals, nutraceuticals, and cosmetics of CHPTAC, the overall CHPTAC market remains attractive during the forecast period.

The top countries in terms of demand of CHPTAC are U.S., Thailand, China, and the Netherlands, among others.

The market for CHPTAC (3-chloro-2-hydroxypropyl)trimethylammonium chloride is growing at an average pace, with Asia-Pacific leading in terms of demand, followed by Europe and North America. The CHPTAC industry is segmented by its end-use industries which include paper, textile, water treatment, oil & gas, and others (personal care, dye, nutraceuticals, cosmetics, and chemicals). The paper industry accounts for the maximum share of CHPTAC produced globally. In terms of volume, the CHPTAC market is projected to register a CAGR of 3.3% between 2015 and 2020. The fastest-growing application of CHPTAC is projected to register a growth rate of 3.7% during the forecast period.

This report follows both top-down and bottom-up approaches to estimate and forecast the CHPTAC market by volume and value. This report focuses on the CHPTAC market by its end-use industry and region.

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