Thermoplastics Market Size

Statistics for the 2023 & 2024 Thermoplastics market size, created by Mordor Intelligence™ Industry Reports. Thermoplastics size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Thermoplastics Industry

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Thermoplastics Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Thermoplastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Thermoplastic Market Analysis

The thermoplastics market is expected to register a CAGR greater than 6% during the forecast period.

The COVID-19 outbreak caused worldwide lockdown, disruption in manufacturing activity and supply networks, and production halts, all of which harmed the market in 2020. However, conditions began to improve in 2021, resuming the market's growth trajectory throughout the projection period.

  • The expanding capacity additions in downstream processing and the growing consumer goods and electronic sectors are projected to benefit the market under consideration.
  • However, environmental concerns related to thermoplastics are expected to hinder the market's growth.
  • The growing popularity of bio-based products is expected to act as an opportunity for the market.
  • The Asia-Pacific region is expected to dominate the market and will likely witness the highest CAGR during the forecast period.

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