Lucintel’s Analysis of the Global Thermoplastic Industry: Market to Reach US $440 Billion in 2017

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Lucintel’s Analysis of the Global Thermoplastic Industry: Market to Reach US $440 Billion in 2017

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China and India are expected to drive the thermoplastic industry due to low-cost labor availability, and downstream processing capacity additions are anticipated to contribute to steadyindustry growth in Asia Pacific (APAC). The industry, which had good growth over the last five years, is expected to continue that growth momentum to reach approximately US$440billion in 2017 with a CAGR of 4% over the next five years.

Lucintel, a leading global management consulting and market research firm, has analyzed the global thermoplastic industry and presents its findings in “Global Thermoplastic Industry 2012-2017:Trend, Profit, and Forecast Analysis.”

The global thermoplastic industry is fragmented. APAC dominates the market and represents 41.4% of global revenue. A combination of factors such as feedstock price (crude oil and naphtha) and availability, scale and technology, ethylene sourcing, energy costs, distribution costs, environmental issues, and government regulations are likely to influence industry dynamics significantly.

Lucintel’s research indicates that after facing a recession-driven decline in 2009, the industry effectively recovered during 2010-2011 due to capacity expansion in APAC and the Rest of the World (ROW)and higher demand for plastic products from emerging economies.

APAC is forecast to have the highest growth during 2012-2017. Introduction of ultra-high molecular weight thermoplastic and sugarcane-based thermoplastic are upcoming emerging trends that may lead the industry toward higher growth.Development of utility water systems, under-floor heating, and cable protection in North America and Europe are anticipated to provide better opportunities for the PVC plastic pipe market.Globally, high-density polyethylene pipe is the most attractive market in plastic piping industry due to its low installation costs and design flexibility compared to other pipe materials.

The study reveals that innovations in packaging, rising living standards and population, increasing demand in end-user markets, and emerging economies are anticipated to boost the industry.The industry is expected to face certain challenges such as regulations to reduce CO2emissions, product commoditization, and crude oil and naphtha price fluctuations.The report tracks market one segment for four geographic regions: thus, it tracks four segments of the industry.

For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.

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Steve Parker
Lucintel
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