U.S. Plastics MarketU.S. Plastics Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032
U.S. Plastics Market by Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polystyrene, Others), by End-use Industry (Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Textile, Others), by Forecast 2024-2032
Base Year: 2023
180 Pages
U.S. Plastics Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032
Key Insights
The U.S. Plastics Market size was valued at USD 61.91 USD Billion in 2023 and is projected to reach USD 82.57 USD Billion by 2032, exhibiting a CAGR of 4.2 % during the forecast period. The U.S. Plastics Market involves plastic manufacturers and plastics converters, such as companies making products like resins, fibers, and adhesives. Plastics, to a greater extent, are used especially for their varied attributes such as hardness, lightness, and molding potential. They have a wide range of uses in these industries as an additive in packaging materials, construction materials, automotive parts, electronic products, medical devices, and consumer goods as well. The applications are varied such as the internal use of the material additive in plastic bottles, packaging films, pipes, automotive parts, electronic cases, and medical devices among others. The trend in the market is the rising demand for plastic materials that are sustainable and recyclable, and driven by environmental issues, and regulatory initiatives to reduce plastic pollution. Furthermore, compostable bioplastic and biobased polymer are emerging as alternatives for widely used non-degradable petroleum-based plastics. Materials science and recycling technology innovations continuously underpin the U.S. plastic industry's drive to be more environmentally friendly and recycled-based.
U.S. Plastics Trends
- Growing demand for plastics in packaging, automotive, and construction industries
- Rising awareness of sustainability and demand for eco-friendly plastics
- Technological advancements in plastics manufacturing and recycling
Driving Forces: What's Propelling the U.S. Plastics Market
- Economic Growth: Rising disposable incomes and increased spending on consumer goods are driving demand for plastics.
- Urbanization: Growing urbanization rates are leading to increased construction activity, fueling the demand for plastics in infrastructure and construction.
- E-commerce Boom: The rapid growth of e-commerce is driving demand for plastics in packaging and transportation.
Challenges and Restraints in U.S. Plastics Market
- Environmental Concerns: Growing concerns over plastic pollution and waste are posing challenges to the industry.
- Fluctuating Raw Material Prices: Volatility in oil and gas prices can impact the cost of plastic production.
- Competition from Alternative Materials: Increasing use of sustainable alternatives, such as bioplastics and metals, is a potential threat to the plastics market.
Emerging Trends in U.S. Plastics
- Bioplastics and Sustainable Plastics: Growing demand for eco-friendly materials is driving innovation in bioplastics and sustainable plastics.
- Smart Plastics: Integration of advanced technologies, such as sensors and electronics, into plastics is creating new opportunities for the industry.
- 3D Printing: Advancements in 3D printing technology are expanding the applications of plastics in various industries.
Growth Catalysts in U.S. Plastics Industry
- Investment in Research and Development: Companies are investing heavily in research and development to improve the performance and sustainability of plastics.
- Government Initiatives: Government incentives and regulations are encouraging the adoption of sustainable plastics and recycling practices.
- Collaborations and Partnerships: Strategic partnerships between plastic manufacturers and end-users are driving innovation and growth in the industry.
Market Segmentation: U.S. Plastics Analysis
Type:
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Polyvinyl Chloride
- Acrylonitrile Butadiene Styrene
- Polyamide
- Polycarbonate
- Polyurethane
- Polystyrene
- Others
End-use Industry:
- Packaging
- Automotive & Transportation
- Infrastructure & Construction
- Consumer Goods/Lifestyle
- Healthcare & Pharmaceutical
- Electrical & Electronics
- Textile
- Others
Leading Players in the U.S. Plastics Market
- LyondellBasell Industries N.V. (Netherlands)
- ExxonMobil Chemical (U.S.)
- INEOS (U.K.)
- SABIC (Saudi Arabia)
- Formosa Plastic Group (Taiwan)
- Total S.A. (France)
- Braskem (Brazil)
- BASF SE (Germany)
- Repsol (Spain)
- Borealis AG (Austria)
Significant developments in U.S. Plastics Sector
- LyondellBasell: Developed CirculenRenew, a bio-plastic grade certified for its sustainability and traceability.
- ExxonMobil: Launched Exceed S, a high-performance PE resin designed for advanced film applications.
- SABIC: Acquired Brightloop Polymers, a U.S.-based recycler of post-consumer plastics.
Comprehensive Coverage U.S. Plastics Market Report
A comprehensive U.S. Plastics Market Report offers in-depth insights into:
- Market size, trends, and forecasts
- Drivers and challenges
- Market segmentation by type, end-use industry, and region
- Leading players and competitive landscape
- Industry dynamics and regulatory environment
- Emerging technologies and growth opportunities
Regional Insight
- West Coast
- East Coast
- South
- Midwest
Consumer Side Analysis
- Consumption trends and preferences
- Consumer demand for sustainable plastics
Demand Side Analysis
- Industry demand by end-use sector
- Factors influencing demand
Import And Export Analysis
- Major import and export destinations
- Trade balance and market dynamics
Pricing Strategies
- Pricing models and competitive analysis
- Factors influencing pricing
Segmentation
- Type (Acrylonitrile Butadiene Styrene)
- End-use Industry
- Region
U.S. Plastics Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.2 %% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Demand from Pharmaceutical Industry to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. Imposed Regulations on Product Usage May Hinder Market Growth
- 3.4. Market Trends
- 3.4.1. Rising Demand for Safe Beauty and Personal Care Products to Offer New Market Growth Opportunities
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Plastics Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Polyethylene
- 5.1.2. Polypropylene
- 5.1.3. Polyethylene Terephthalate
- 5.1.4. Polyvinyl Chloride
- 5.1.5. Acrylonitrile Butadiene Styrene
- 5.1.6. Polyamide
- 5.1.7. Polycarbonate
- 5.1.8. Polyurethane
- 5.1.9. Polystyrene
- 5.1.10. Others
- 5.2. Market Analysis, Insights and Forecast - by End-use Industry
- 5.2.1. Packaging
- 5.2.2. Automotive & Transportation
- 5.2.3. Infrastructure & Construction
- 5.2.4. Consumer Goods/Lifestyle
- 5.2.5. Healthcare & Pharmaceutical
- 5.2.6. Electrical & Electronics
- 5.2.7. Textile
- 5.2.8. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Northeast U.S. Plastics Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1 Polyethylene
- 6.1.2 Polypropylene
- 6.1.3 Polyethylene Terephthalate
- 6.1.4 Polyvinyl Chloride
- 6.1.5 Acrylonitrile Butadiene Styrene
- 6.1.6 Polyamide
- 6.1.7 Polycarbonate
- 6.1.8 Polyurethane
- 6.1.9 Polystyrene
- 6.1.10 and Others
- 6.2. Market Analysis, Insights and Forecast - By End-use Industry
- 6.2.1 Packaging
- 6.2.2 Automotive & Transportation
- 6.2.3 Infrastructure & Construction
- 6.2.4 Consumer Goods/Lifestyle
- 6.2.5 Healthcare & Pharmaceutical
- 6.2.6 Electrical & Electronics
- 6.2.7 Textile
- 6.2.8 and Others
- 7. Southeast U.S. Plastics Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1 Polyethylene
- 7.1.2 Polypropylene
- 7.1.3 Polyethylene Terephthalate
- 7.1.4 Polyvinyl Chloride
- 7.1.5 Acrylonitrile Butadiene Styrene
- 7.1.6 Polyamide
- 7.1.7 Polycarbonate
- 7.1.8 Polyurethane
- 7.1.9 Polystyrene
- 7.1.10 and Others
- 7.2. Market Analysis, Insights and Forecast - By End-use Industry
- 7.2.1 Packaging
- 7.2.2 Automotive & Transportation
- 7.2.3 Infrastructure & Construction
- 7.2.4 Consumer Goods/Lifestyle
- 7.2.5 Healthcare & Pharmaceutical
- 7.2.6 Electrical & Electronics
- 7.2.7 Textile
- 7.2.8 and Others
- 8. Midwest U.S. Plastics Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1 Polyethylene
- 8.1.2 Polypropylene
- 8.1.3 Polyethylene Terephthalate
- 8.1.4 Polyvinyl Chloride
- 8.1.5 Acrylonitrile Butadiene Styrene
- 8.1.6 Polyamide
- 8.1.7 Polycarbonate
- 8.1.8 Polyurethane
- 8.1.9 Polystyrene
- 8.1.10 and Others
- 8.2. Market Analysis, Insights and Forecast - By End-use Industry
- 8.2.1 Packaging
- 8.2.2 Automotive & Transportation
- 8.2.3 Infrastructure & Construction
- 8.2.4 Consumer Goods/Lifestyle
- 8.2.5 Healthcare & Pharmaceutical
- 8.2.6 Electrical & Electronics
- 8.2.7 Textile
- 8.2.8 and Others
- 9. Southwest U.S. Plastics Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1 Polyethylene
- 9.1.2 Polypropylene
- 9.1.3 Polyethylene Terephthalate
- 9.1.4 Polyvinyl Chloride
- 9.1.5 Acrylonitrile Butadiene Styrene
- 9.1.6 Polyamide
- 9.1.7 Polycarbonate
- 9.1.8 Polyurethane
- 9.1.9 Polystyrene
- 9.1.10 and Others
- 9.2. Market Analysis, Insights and Forecast - By End-use Industry
- 9.2.1 Packaging
- 9.2.2 Automotive & Transportation
- 9.2.3 Infrastructure & Construction
- 9.2.4 Consumer Goods/Lifestyle
- 9.2.5 Healthcare & Pharmaceutical
- 9.2.6 Electrical & Electronics
- 9.2.7 Textile
- 9.2.8 and Others
- 10. West U.S. Plastics Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Type
- 10.1.1 Polyethylene
- 10.1.2 Polypropylene
- 10.1.3 Polyethylene Terephthalate
- 10.1.4 Polyvinyl Chloride
- 10.1.5 Acrylonitrile Butadiene Styrene
- 10.1.6 Polyamide
- 10.1.7 Polycarbonate
- 10.1.8 Polyurethane
- 10.1.9 Polystyrene
- 10.1.10 and Others
- 10.2. Market Analysis, Insights and Forecast - By End-use Industry
- 10.2.1 Packaging
- 10.2.2 Automotive & Transportation
- 10.2.3 Infrastructure & Construction
- 10.2.4 Consumer Goods/Lifestyle
- 10.2.5 Healthcare & Pharmaceutical
- 10.2.6 Electrical & Electronics
- 10.2.7 Textile
- 10.2.8 and Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 LyondellBasell Industries N.V. (Netherlands)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 ExxonMobil Chemical (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 INEOS (U.K.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 SABIC (Saudi Arabia)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Formosa Plastic Group (Taiwan)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Total S.A. (France)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Braskem (Brazil)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 BASF SE (Germany)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Repsol (Spain)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Borealis AG (Austria)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 LyondellBasell Industries N.V. (Netherlands)
List of Figures
- Figure 1: U.S. Plastics Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Plastics Market Value Share (%), by Type 2023 & 2031
- Figure 3: U.S. Plastics Market Value Share (%), by End-use Industry 2023 & 2031
- Figure 4: U.S. Plastics Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Plastics Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 2: U.S. Plastics Market Volume K Tons Forecast, by Type 2018 & 2031
- Table 3: U.S. Plastics Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 4: U.S. Plastics Market Volume K Tons Forecast, by End-use Industry 2018 & 2031
- Table 5: U.S. Plastics Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 6: U.S. Plastics Market Volume K Tons Forecast, by Region 2018 & 2031
- Table 7: U.S. Plastics Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 8: U.S. Plastics Market Volume K Tons Forecast, by Type 2018 & 2031
- Table 9: U.S. Plastics Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 10: U.S. Plastics Market Volume K Tons Forecast, by End-use Industry 2018 & 2031
- Table 11: U.S. Plastics Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 12: U.S. Plastics Market Volume K Tons Forecast, by Region 2018 & 2031
- Table 13: U.S. Plastics Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 14: U.S. Plastics Market Volume K Tons Forecast, by Type 2018 & 2031
- Table 15: U.S. Plastics Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 16: U.S. Plastics Market Volume K Tons Forecast, by End-use Industry 2018 & 2031
- Table 17: U.S. Plastics Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 18: U.S. Plastics Market Volume K Tons Forecast, by Country 2018 & 2031
- Table 19: Northeast U.S. Plastics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 20: Northeast U.S. Plastics Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 21: Southeast U.S. Plastics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 22: Southeast U.S. Plastics Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 23: Midwest U.S. Plastics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 24: Midwest U.S. Plastics Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 25: Southwest U.S. Plastics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 26: Southwest U.S. Plastics Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 27: West U.S. Plastics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 28: West U.S. Plastics Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 29: U.S. Plastics Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 30: U.S. Plastics Market Volume K Tons Forecast, by Type 2018 & 2031
- Table 31: U.S. Plastics Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 32: U.S. Plastics Market Volume K Tons Forecast, by End-use Industry 2018 & 2031
- Table 33: U.S. Plastics Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 34: U.S. Plastics Market Volume K Tons Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.2 %% from 2018-2032 |
| Segmentation |
|
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