Polymer Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Product Type, Application, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030

Format: Online | Last Updated: Aug 2021

[Online Quarterly Update] Polymer demand stood at 259.52 Million Tonnes in 2020 and is forecast to reach 428.59 Million Tonnes by 2030, growing at a healthy CAGR of 5.52% until 2030. Augmenting demand for material with high tensile strength, resilience, and thermal expansion in end-use industries like construction, packaging, electronics, and automobile has strongly contributed towards the growth of the global Polymer market in the last 5 years. 
Polymer compounds have been segmented into three types-thermosets, elastomers, and thermoplastics. Owing to its ideal remolding, and reshaping capabilities, thermoplastics encompass the majority of the consumption share in the global market. In 2019, the construction industry held the maximum consumption share of polymers across the globe, backed by the increasing number of residential, commercial, and smart-building projects. The future of the global polymer market appears promising as its consumption from the food packaging industry has been escalated after the onset of coronavirus in 2020. 
Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee’s health and wellness in mind. However, the pandemic is slowly being subsided and the effects are tried to be overcome by various methods. A strong recovery is witnessed in the major end use sectors since the latter half of 2020, which is likely to boost the Polymer market in the forthcoming years.
The majority of the consumption of Polymers has been adhered by the Asia Pacific region owing to consistent increment in its downstream capacities by developing countries like India and Japan. In addition, the rapid expansion of electrical and electronic sector is also driving the demand for polymer plastics in the Asia-Pacific region. Continuous increment in production capacities of Polymers is aided by the prohibition and stringent measures on new capacity additions in the western region, which has compelled several companies to establish their production base in the Asia Pacific region. 
In line with the foresight outlook, several new manufacturers emerged in the global market to secure appreciable revenue amidst its substantial demand. Amidst the fast-paced growth of plastic products, a few renowned companies have announced an expansion of their existing polymer capacities in the upcoming 5 years. Since crude-based polymers still pose a threat to the environment, several organizations have come up to produce bio based, and eco-friendly polymer materials having identical properties. Furthermore, manufacturers are also upgrading their technologies to enhance the yield, quality and affordability of polymer materials.
Some of the leading manufacturers operating in global polymer market include Shell Chemicals, Dow, Formosa Plastics, Westlake, Sasol, Total S.A., Reliance Industries Limited, Covestro AG and others. Contrary to other sectors, polymer compounds are likely to witness a steep growth in the coming years, thus providing vivid opportunities for new players to emerge in the market.
Polymer prices are highly susceptible to the volatility of upstream crude oil. The vivid fall in crude prices during H1 2020 was appreciably counterbalanced by the demand for polymers from plastic packaging and healthcare industry amidst the peak of Coronavirus pandemic. 
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study: 
• The primary objective of the study was to evaluate and forecast Polymer capacity, production, demand, inventory, and demand–supply gap globally. 
• To categorize Polymer demand based on product type, application, region and distribution channel. 
• To identify major customers of Polymer globally.
• To evaluate and forecast Polymer pricing globally.
• To identify and profile major companies operating globally Polymer market.
• To identify major news, deals and expansion plans globally Polymer market.
To extract data for Global Polymer market, primary research surveys were conducted with Polymer manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Polymer market over the coming years. 
ChemAnalyst calculated polymer demand globally by analyzing the historical data and demand forecast which was carried out considering imported crude prices which is an upstream for polymer product. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
Key Target Audience
• Polymer manufacturers and other stakeholders
• Organizations, forums and alliances related to Polymer distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Polymer manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope: 
In this report, the Global Polymer market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market size volume in 2020
259.52 million Tonnes
Market size volume in 2030
428.59 million Tonnes
Growth Rate
CAGR of 5.52% from 2021 to 2030
Base year for estimation
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1.Product Type: (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyurethane, Polyethylene Terephthalate, Polystyrene, and Others)
2.Application: (Packaging, Building and Construction, Automotive, Electrical and Electronics, Household, Agriculture, and Others.)
3.Distribution Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Shell Chemicals, Dow, Formosa Plastics, Westlake, Sasol, Total S.A., Reliance Industries Limited, Covestro AG and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
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