Europe Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Thermoplastics Market is segmented by Product Type (Commodity Thermoplastics, Engineering Thermoplastics, High-performance Engineering Thermoplastics, and Other Product Types), End-user Industry (Packaging, Building and Construction, Automotive and Transportation, Electrical and Electronics, Sports and Leisure, Furniture and Bedding, Agriculture, Medical, and Other End-user Industries), and Geography (Germany, UK, Italy, France, Spain, Russia, and Rest of Europe).

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Europe Thermoplastics Market Size

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Europe thermoplastics market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR < 4.00 %
Market Concentration Medium

Major Players

Europe thermoplastics market growth

*Disclaimer: Major Players sorted in no particular order
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Europe Thermoplastics Market Analysis

The market for Europe thermoplastics is expected to grow at a CAGR of around 4% during the forecast period. Growing demand from various end-user indutries is one of the major factors driving the growth of the market.

  • Impact of COVID-19 pandemic and various environmental concerns related to thermoplastics are likely to hinder the market's growth.
  • Germany dominated the Europe thermoplastics market due to the presence of various manufacturing facilities in the country.

Europe Thermoplastics Market Trends

This section covers the major market trends shaping the Europe Thermoplastics Market according to our research experts:

Packaging Industry to Dominate the Market

  • Packaging accounts for the largest application segment in the European market. The prime reasons for the growing application of engineering plastics, in the packaging segment, are better wear and chemical resistance, ease of molding, recyclability, puncture resistance, and high mechanical strength.
  • Some of the major applications of engineering plastics, in the packaging segment, are as follows: packaging of bottled water, flexible packaging, such as sausage skin, flexible foils, such as shopping bag.
  • Polyethylene terephthalate (PET) is one of the plastics majorly used for packaging purposes , mostly in the food and beverage industry. Portability, design flexibility, ease of cleaning, light weight, and protection against moisture, are a few properties of PET, which makes it suitable for packaging purposes. In addition, low handling hazards, low toxicity, and absence of bisphenol A (BPA) and heavy metals are some of the other factors that allow PET to be used for food packaging.
  • PETs are used for making clamshells, bakery and take-out containers, microwaveable food trays, carbonated soft drink bottles, and other packages. Other applications include packaging materials for cooking oils, shampoo, hand wash, and more products.
  • Polyamide is another major engineering plastic that finds major application in the packaging sector. Bi-axially oriented and non-oriented polyamide films are used in medical and food packaging, owing to the former's high impact strength and good heat resistance.
  • Increasing household and commercial applications for containers, plastic bags, canisters, and tableware, among others, are expected to drive the consumption demand for plastics in the packaging sector, during the forecast period.
  • The usage of plastics for packaging products is expected to experience a fairly steady demand, during the forecast period. Requirements for rubber gloves in the healthcare sector, stretch films, garbage bags, and other medical devices, are anticipated to witness greater demand, in the coming years.
Europe thermoplastics market trends

Germany to Dominate the European Market

  • Germany is a leading consumer of thermoplastics, in the automotive industry, due to the continuous emphasis on efficient vehicles in the country. The regulations regarding emissions have had an impact on the production of motor vehicles in the country, this dip has had an impact on the growth of thermoplastics in the country's automotive sector.
  • Germany, being one of the leading manufacturing bases for the aircraft industry, is home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
  • Among the 1,800 passenger aircraft produced around the world, nearly 300 aircraft were finished in Germany. The country hosts a large number of production bases for aircraft interior components, MRO (maintenance, repair, and overhaul), and lightweight construction materials, largely in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern.
  • The German electronic industry is the largest in Europe, and the fifth largest in the world. The electrical and electronics industry accounted for about 10% of the total German industrial production and about 2.2% of the country's gross domestic product (GDP).
  • Such growth in various industries is expected to drive the market for thermoplastics in European region during the forecast period.
Europe thermoplastics industry

Europe Thermoplastics Industry Overview

The Europe thermoplastics market is partially consolidated with the presence of numerous players manufacturing various products in the market. Some of the prominent players in the market include Evonik Industries AG, BASF SE, DSM, Covestro AG, and INEOS AG, among others.

Europe Thermoplastics Market Leaders

  1. Evonik Industries AG

  2. BASF SE

  3. DSM

  4. INEOS AG

  5. Covestro AG

*Disclaimer: Major Players sorted in no particular order

3M, Arkema, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, Daicel Corporation, DuPont, DSM, Eastman Chemical Company
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Europe Thermoplastics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Deamd from various End-user Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Commodity Thermoplastics

        1. 5.1.1.1 Polyethylene (PE)

        2. 5.1.1.2 Polypropylene (PP)

        3. 5.1.1.3 Polyvinyl Chloride (PVC)

        4. 5.1.1.4 Polystyrene (PS)

      2. 5.1.2 Engineering Thermoplastics

        1. 5.1.2.1 Polyamide (PA)

        2. 5.1.2.2 Polycarbonates (PC)

        3. 5.1.2.3 Polymethyl Methacrylate (PMMA)

        4. 5.1.2.4 Polyoxymethylene (POM)

        5. 5.1.2.5 Polyethylene Terephthalate (PET)

        6. 5.1.2.6 Polybutylene Terephthalate (PBT)

        7. 5.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)

      3. 5.1.3 High-performance Engineering Thermoplastics

        1. 5.1.3.1 Polyether Ether Ketone (PEEK)

        2. 5.1.3.2 Liquid Crystal Polymer (LCP)

        3. 5.1.3.3 Polytetrafluoroethylene (PTFE)

        4. 5.1.3.4 Polyimide (PI)

      4. 5.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)

    2. 5.2 End-user Industry

      1. 5.2.1 Packaging

      2. 5.2.2 Building and Construction

      3. 5.2.3 Automotive and Transportation

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Sports and Leisure

      6. 5.2.6 Furniture and Bedding

      7. 5.2.7 Agriculture

      8. 5.2.8 Medical

      9. 5.2.9 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 Italy

      4. 5.3.4 France

      5. 5.3.5 Spain

      6. 5.3.6 Russia

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M (incl. Dyneon LLC)

      2. 6.4.2 Arkema

      3. 6.4.3 Asahi Kasei Corporation

      4. 6.4.4 BASF SE

      5. 6.4.5 Celanese Corporation

      6. 6.4.6 Covestro AG

      7. 6.4.7 Daicel Corporation

      8. 6.4.8 DuPont

      9. 6.4.9 DSM

      10. 6.4.10 Eastman Chemical Company

      11. 6.4.11 Evonik Industries AG

      12. 6.4.12 INEOS AG

      13. 6.4.13 LANXESS

      14. 6.4.14 LG Chem

      15. 6.4.15 LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)

      16. 6.4.16 Mitsubishi Engineering-Plastics Corporation

      17. 6.4.17 Polyplastics Co., Ltd.

      18. 6.4.18 Röchling

      19. 6.4.19 SABIC

      20. 6.4.20 Solvay

      21. 6.4.21 TEIJIN LIMITED

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Europe Thermoplastics Industry Segmentation

The Europe Thermoplastics Market report includes:

Product Type
Commodity Thermoplastics
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Engineering Thermoplastics
Polyamide (PA)
Polycarbonates (PC)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
High-performance Engineering Thermoplastics
Polyether Ether Ketone (PEEK)
Liquid Crystal Polymer (LCP)
Polytetrafluoroethylene (PTFE)
Polyimide (PI)
Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)
End-user Industry
Packaging
Building and Construction
Automotive and Transportation
Electrical and Electronics
Sports and Leisure
Furniture and Bedding
Agriculture
Medical
Other End-user Industries
Geography
Germany
United Kingdom
Italy
France
Spain
Russia
Rest of Europe
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Europe Thermoplastics Market Research FAQs

The Europe Thermoplastics Market is projected to register a CAGR of less than 4% during the forecast period (2024-2029)

Evonik Industries AG , BASF SE , DSM, INEOS AG and Covestro AG are the major companies operating in the Europe Thermoplastics Market.

The report covers the Europe Thermoplastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Thermoplastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Thermoplastics Industry Report

Statistics for the 2024 Europe Thermoplastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Thermoplastics analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe Thermoplastics Market Report Snapshots

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Europe Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)