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South-East Asia (SEA) Plastics Market - Segmented by Product Type, Technology, Application, End-user Industry, and Geography - Growth, Trends and Forecasts (2020 - 2025)

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The Southeast Asia plastics market is expected to register a CAGR of 5.46% during2018-2023 (the forecast period). Construction and packaging industries are the major consumers of plastics in the region. Films & sheets application is expected to dominate the Southeast Asia Plastics market during the forecast period.

Polyolefin Market to be a Key Segment in the Southeast Asia Plastics Market

A polyolefin is used in a wide variety of applications, including grocery bags, containers, toys, adhesives, home appliances, engineering plastics, automotive parts, and medical applications. A polyolefin is made of monomers composed of only carbon and hydrogen atoms. Polyolefin can be divided into polyethylene (PE) and polypropylene (PP). The growing packaging and automotive sectors in many nations and the increasing use of bottles and automotive parts, like battery cases and car liners, are driving the market growth for polyolefin.  

                  

Increase in the Indonesian Downstream Processing Capacity

Indonesia depends heavily on imports for crude oil. Due to the growing economy and middle-class population, the consumption of oil products in different industries is increasing in the country. In the recent past, President Joko Widodo declared that the expansion of the refining industry is a top priority, to suffice the growing demand for oil-derived products and reduce imports. As a part of it, currently, Indonesian state owned energy company, Pertamina is expanding Balikpapan refinery and plans to increase its capacity by 1, 00, 000 b/d by the end of 2019.

Construction and Packaging Industries to dominate the Southeast Asia Plastics Market

In the building & construction industry, plastic is used for various applications, which includes roofing & glazing, industrial signage & road marking, hurricane panels, insulation applications, sanitary bathtub liners & shower trays, window frames, and various interior designs, among others. Plastics have unique features, which make them an attractive choice for various building and construction applications. For instance, plastics provide an effective insulation from cold and heat, besides preventing leakages. It also requires minimal maintenance and is often dispensable. Growing demand for plastics is fuelled by the food & beverage industry, where it is used for various packaging applications, such as bottles, cups, bulk containers, pails, plastic pots, trays, returnable transit packaging, and various others applications; as it is safe, hygienic, and helps in food conservation and preservation purposes.

Major Players: Hpi Resources Bhd [Harta Packaging Industries (Cambodia) Limited], T K Chen Fu Co., Ltd., Pt Chandra Asri Petrochemical Tbk, and Pt Sulfindo Adiusaha among others.

Notable Developments

  • Q4 2017: Pact Group acquired the Asian packaging operations of Closure Systems International (CSI) and Graham Packaging Company (GPC).
  • Q3 2017: Lotte Chemical expanded its polyethylene facility in Indonesia

Reasons to Purchase this Report

  • A concrete study on the PESTEL analysis for major markets in the region
  • Import-export data of the major plastics in key countries
  • The various market perspectives, with the help of Porter’s five forces analysis
  • The end user expected to dominate the market
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet in excel

Customization of the Report

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