-- In terms of revenue, the U.S recycled thermoplastics market will capture over USD 16 billion by 2025. Expansion in various industries such as packaging, medical and automotive & transportation in the country will boost the market demand in forecast period.
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Recycled Thermoplastics Market will surpass USD 95 billion by 2025; according to a new research report. The steady growth in the Asian automotive industry owing to significant production and sales of vehicle in the region will boost the recycled thermoplastics market as the product are used in the indispensable parts of every automobile. Unceasing growth in gross domestic product and improved living standards in the Asian countries will drive recycled thermoplastics demand in the automobile industry. In 2016, developing countries such as India, China and Japan accounted around 40% of the global private and commercial automotive sales. This positive trend is anticipated to continue and will bolster the recycled thermoplastics industry in future.
Based on product, the market is bifurcated into polypropylene, polyvinyl chloride, polystyrene, polyethylene, polyethylene terephthalate and others. In terms of revenue, polyvinyl chloride will witness growth by more than 9% CAGR over the forecast years. Low cost, bio-degradability, along with other desirable mechanical and physical properties of the product makes it suitable for production of automotive parts, accessories and other components.
Upsurge in construction activities in emerging economies due to the substantial population growth coupled with increasing demand for housing facilities will act as booster for industry growth over the next few years. The product is mostly used to make doors, panels, window railings, fixtures, sidings, etc. and these products are further used in construction sector for building designing. The construction industry output is anticipated to reach over USD 4.5 trillion over the forecast timeframe in Asian region. This is all due to the extensive inflow of FDI and supportive government regulations and will substantially stimulate the recycled thermoplastics market demand in coming years.
On the basis of application, the industry is segmented into packaging, automotive & transportation, building & construction, electrical &electronics, agriculture & horticulture, furniture & houseware, medical and others. Among these, furniture & houseware will account for almost 8% share in the overall industry by 2025.
The prominent players in the recycled thermoplastics market include Suez, JP Industrial, Replas, KW Plastics, Plastipak Holdings, Merlin Plastics Alberta, Clear Path recycling and others.
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Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Recycled Thermoplastics Industry Insights
Chapter 4. Recycled Thermoplastics Market, By Type
Chapter 5. Recycled Thermoplastics Market, By Form
Chapter 6. Recycled Thermoplastics Market, By Technology
Chapter 7. Recycled Thermoplastics Market, By Product
Chapter 8. Recycled Thermoplastics Market, By Application
Chapter 9. Recycled Thermoplastics Market, By Region
Chapter 10. Company Profiles
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