Industrial Plastic Market, By Product Type, By Application, By Geography

Description

Global Industrial Plastic Market is estimated to be valued at USD 99.07 Bn in 2025 and is expected to reach USD 152.04 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 99.07 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	6.30%	2032 Value Projection:	USD 152.04 Bn

Figure. Industrial Plastic Market Share (%), By Region 2025

The industrial plastic market has experienced steady growth over the past few decades driven by the rising demand from end-use industries. Plastics have largely replaced traditional materials in industrial applications owing to their lightweight, durable, and corrosion-resistant properties. Additionally, plastics aid in reducing production costs for manufacturers. Some of the major industrial plastic types include polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyurethane (PU), and others. These plastics find wide applications across various industries such as construction, packaging, automotive, electronics, and other industrial verticals. Going forward, the growth of the industrial plastic market will be fueled by rising industrialization across developing nations, rapid urbanization, and increasing investment in infrastructure development projects.

Market Dynamics:

The industrial plastic market is witnessing positive growth driven by several factors. Rapid industrialization and infrastructural development activities across emerging economies are creating significant demand for durable and cost-effective plastic materials. For instance, growth in the construction and automotive industries in Asia Pacific is a major driver. Additionally, properties of plastics such as resilience to weathering, corrosion resistance, and flexibility make them suitable for industrial applications. However, volatility in raw material prices poses a major challenge as it increases production costs. Moreover, growing environmental concerns regarding plastic waste have led regulatory bodies to impose stringent norms regarding the recycling and disposal of plastics. Nevertheless, the market players are increasingly investing in R&D to develop bio-based and recyclable plastics, which is expected to present lucrative opportunities for sustainable growth over the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global industrial plastic market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial plastic market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Exxon Mobil Corporation, Sumitomo Chemical Co., Ltd., BASF SE, SABIC, Dow, Inc., Evonik Industries AG, Arkema, Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, Formosa Plastics Corporation, Covestro AG, Toray Industries, Inc., Mitsui & Co. Plastics Ltd., TEIJIN LIMITED, LG Chem, Huntsman International LLC, Chevron Phillips Chemical Co., LLC, and LyondellBasell Industries Holdings B.V.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial plastic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Product Type:
- Polyphenylene Ether
- Acrylonitrile Butadiene Styrene (ABS)
- Polybutylene Terephthalate (PBT)
- PEEK
- Polyamide
- Polysulfone (PSU)
- Others
By Application:
- Packaging
- Building & Construction
- Electrical & Electronics
- Automotive & Transportation
- Healthcare
- Aerospace
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Exxon Mobil Corporation
- Sumitomo Chemical Co., Ltd.
- BASF SE
- SABIC
- Dow, Inc.
- Evonik Industries AG
- Arkema
- Celanese Corporation
- Eastman Chemical Company
- Chevron Phillips Chemical Co., LLC
- Formosa Plastics Corporation
- Covestro AG
- Toray Industries, Inc.
- Mitsui & Co. Plastics Ltd.
- TEIJIN LIMITED
- LG Chem
- Huntsman International LLC
- Chevron Phillips Chemical Co., LLC
- LyondellBasell Industries Holdings B.V.

Product Code: CMI7102

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Industrial Plastic Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Industrial Plastic Market
Impact Analysis

5. Global Industrial Plastic Market, By Product Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Polyphenylene Ether
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Acrylonitrile Butadiene Styrene (ABS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Polybutylene Terephthalate (PBT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
PEEK
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Polyamide
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Polysulfone (PSU)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

6. Global Industrial Plastic Market, By Application, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Electrical & Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Automotive & Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

7. Global Industrial Plastic Market, By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021-2032
North America
- Introduction
- Market Size and Forecast, By Product Type, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2021 - 2032, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2021 - 2032, (US$ Bn))
- Market Size and Forecast, By Application, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2021 - 2032, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2021 - 2032, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2021 - 2032, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2021 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, By Country, 2021 - 2032, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Exxon Mobil Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sumitomo Chemical Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- SABIC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Dow, Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Evonik Industries AG
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Arkema
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Celanese Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Eastman Chemical Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Chevron Phillips Chemical Co., LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Formosa Plastics Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Covestro AG
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Toray Industries, Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Mitsui & Co. Plastics Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- TEIJIN LIMITED
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- LG Chem
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Huntsman International LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Chevron Phillips Chemical Co., LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- LyondellBasell Industries Holdings B.V.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact