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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Polymers Market: By Type, By Base Material, By Process, By End-User Industry, Building and Construction, Automotive, Electrical and Electronics, Agriculture, Medical/Healthcare Others) and Geography
Polymers Market size was estimated at US$ 578.6 billion in 2023 and is poised to grow at a CAGR of 4.9% from 2024-2030. The global market provides a detailed overview of the Polymers market and that can be segmented by type, by base material, by process, and by end-user industry. By type, the polymers market has been segmented into Thermoplastics, Thermosets, and Elastomers. The thermoplastics segment is likely to be the largest and fastest-growing segment in terms of type. Based on the base material the polymer market is segmented into Polyethylene, Polypropylene, Polyvinyl chloride, Polyethylene terephthalate, Polystyrene, Polyurethane, and Others. Among these, the Polyethylene segment is expected to have the fastest-growing market during the forecast period 2022-2028.
Based on Process, the polymers market is segmented into Injection Molding, Extrusion, and Others. The injection molding segment accounts for the largest share in 2021. Extrusion is the second-largest share during the forecast period 2021-2028. Based on the End-User industry the polymer market is segmented into Packaging (Rigid and Flexible), Building and Construction (Roofing, Windows, Flooring, and Others), Automotive (Engine, Tires, Body Panel, and Others), Electrical and Electronics, Agriculture, Medical/Healthcare Others.
Study Period
2024-2030Base Year
2023CAGR
x%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The key factor driving the growth of the market includes environmental regulations in North American and European countries for the use of solvent and isocyanate-free adhesives. The building and construction sector is expecting a boom in the forecasted period and will lead to an increase in the demand for Polymers.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 578.6 billion |
Market CAGR |
x% |
By Type |
|
By Base Material |
|
By Process |
|
By End User |
|
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The global polymers market size was valued at US$ 578.6 billion in 2023 and is projected to grow at a CAGR of 4.9% from 2024 to 2030.
The major players in the global Polymers market are The Dow Chemical Company, Evonik Industries AG, LyondellBasell Industries N.V., Exxon Mobil Corporation, SABIC, BASF SE, INEOS AG, Eni S.p.A., Chevron Phillips Chemical Company LLC, LANXESS, Royal DSM, Eastman Chemical Company, Covestro AG, Mitsui Chemicals Inc. Clariant international Limited, Huntsman Corporation, Others.
Asia-Pacific is the fastest-growing region for Polymers Market
1. Executive Summary |
2. Global Polymers Market Introduction |
2.1. Global Polymers Market - Taxonomy |
2.2. Global Polymers Market -Definitions |
2.2.1. By Type |
2.2.2. By Base Material |
2.2.3. By Process |
2.2.4. By End-User Industry |
2.2.5. By Region |
3. Global Polymers Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Polymers Market Dynamic Factors - Impact Analysis |
3.6. Global Polymers Market - Competition Landscape |
4. Global Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Polymers Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
5.1. Thermoplastics |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Thermosets |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Elastomers |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Polymers Market, By Base Material, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.1. Polyethylene |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Polypropylene |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Polyvinyl Chloride |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Polyethylene Terephthalate |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Polystyrene |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Polyurethane |
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7. Global Polymers Market, By Process, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
7.1. Injection Molding |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Extrusion |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Others |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Polymers Market, By End-User Industry Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.1. Packaging (Rigid & Flexible) |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Building & Construction (Roofing, Windows, Flooring, & Others) |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Automotive (Engines, Tires, Body Panel, & Others) |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Electrical and Electronics |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Agriculture |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Medical/Healthcare |
8.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Others |
8.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
9. Global Polymers Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
9.1. North America |
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Polymers Market - Opportunity Analysis Index, By End-User Industry, End-User Industry, and Region, 2023 - 2029 |
10. North America Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Thermoplastics |
10.1.2. Thermosets |
10.1.3. Elastomers |
10.2. Base Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Polyethylene |
10.2.2. Polypropylene |
10.2.3. Polyvinyl chloride |
10.2.4. Polyethylene terephthalate |
10.2.5. Polystyrene |
10.2.6. Polyurethane |
10.2.7. Others |
10.3. Process Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Injection Molding |
10.3.2. Extrusion |
10.3.3. Others. |
10.4. End-User Industry Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.4.1. Packaging (Rigid and Flexible) |
10.4.2. Building and Construction (Roofing, Windows, Flooring, and Others) |
10.4.3. Automotive (Engine, Tires, Body Panel, and Others) |
10.4.4. Electrical and Electronics |
10.4.5. Agriculture |
10.4.6. Medical/Healthcare |
10.4.7. Others. |
10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. U.S. |
10.5.2. Canada |
10.6. North America Polymers Market - Opportunity Analysis Index, By Type, By Base Material, By Application, By End-User Industry and Country, 2023 - 2029 |
10.7. North America Polymers Market Dynamics - Trends |
11. Europe Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Thermoplastics |
11.1.2. Thermosets |
11.1.3. Elastomers |
11.2. Base Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Polyethylene |
11.2.2. Polypropylene |
11.2.3. Polyvinyl chloride |
11.2.4. Polyethylene terephthalate |
11.2.5. Polystyrene |
11.2.6. Polyurethane |
11.2.7. Others |
11.3. Process Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Injection Molding |
11.3.2. Extrusion |
11.3.3. Others. |
11.4. End-User Industry Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. Packaging (Rigid and Flexible) |
11.4.2. Building and Construction (Roofing, Windows, Flooring, and Others) |
11.4.3. Automotive (Engine, Tires, Body Panel, and Others) |
11.4.4. Electrical and Electronics |
11.4.5. Agriculture |
11.4.6. Medical/Healthcare |
11.4.7. Others. |
11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Poland |
11.5.8. Rest of Europe |
11.6. Europe Polymers Market - Opportunity Analysis Index, By Type, By Base Material, By Application, By End-User Industry and Country, 2023 - 2029 |
11.7. Europe Polymers Market Dynamics - Trends |
12. Asia-Pacific Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Thermoplastics |
12.1.2. Thermosets |
12.1.3. Elastomers |
12.2. Base Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Polyethylene |
12.2.2. Polypropylene |
12.2.3. Polyvinyl chloride |
12.2.4. Polyethylene terephthalate |
12.2.5. Polystyrene |
12.2.6. Polyurethane |
12.2.7. Others |
12.3. Process Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Injection Molding |
12.3.2. Extrusion |
12.3.3. Others. |
12.4. End-User Industry Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.4.1. Packaging (Rigid and Flexible) |
12.4.2. Building and Construction (Roofing, Windows, Flooring, and Others) |
12.4.3. Automotive (Engine, Tires, Body Panel, and Others) |
12.4.4. Electrical and Electronics |
12.4.5. Agriculture |
12.4.6. Medical/Healthcare |
12.4.7. Others. |
12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. Japan |
12.5.2. China |
12.5.3. India |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Polymers Market - Opportunity Analysis Index, By Type, By Base Material, By Application, By End-User Industry and Country, 2023 - 2029 |
12.7. Asia-Pacific Polymers Market Dynamics - Trends |
13. Latin America Polymers Market Analysis, 2018 - 2022 and Forecast, 2022 - 2028 |
13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Thermoplastics |
13.1.2. Thermosets |
13.1.3. Elastomers |
13.2. Base Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Polyethylene |
13.2.2. Polypropylene |
13.2.3. Polyvinyl chloride |
13.2.4. Polyethylene terephthalate |
13.2.5. Polystyrene |
13.2.6. Polyurethane |
13.2.7. Others |
13.3. Process Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Injection Molding |
13.3.2. Extrusion |
13.3.3. Others. |
13.4. End-User Industry Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.4.1. Packaging (Rigid and Flexible) |
13.4.2. Building and Construction (Roofing, Windows, Flooring, and Others) |
13.4.3. Automotive (Engine, Tires, Body Panel, and Others) |
13.4.4. Electrical and Electronics |
13.4.5. Agriculture |
13.4.6. Medical/Healthcare |
13.4.7. Others. |
13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Argentina |
13.5.4. Rest of Latin America |
13.6. Latin America Polymers Market - Opportunity Analysis Index, By Type, By Base Material, By Application, By End-User Industry and Country, 2023 - 2029 |
13.7. Latin America Polymers Market Dynamics - Trends |
14. Middle East and Africa Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
14.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Thermoplastics |
14.1.2. Thermosets |
14.1.3. Elastomers |
14.2. Base Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Polyethylene |
14.2.2. Polypropylene |
14.2.3. Polyvinyl chloride |
14.2.4. Polyethylene terephthalate |
14.2.5. Polystyrene |
14.2.6. Polyurethane |
14.2.7. Others |
14.3. Process Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.3.1. Injection Molding |
14.3.2. Extrusion |
14.3.3. Others. |
14.4. End-User Industry Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.4.1. Packaging (Rigid and Flexible) |
14.4.2. Building and Construction (Roofing, Windows, Flooring, and Others) |
14.4.3. Automotive (Engine, Tires, Body Panel, and Others) |
14.4.4. Electrical and Electronics |
14.4.5. Agriculture |
14.4.6. Medical/Healthcare |
14.4.7. Others. |
14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. Israel |
14.5.3. South Africa |
14.5.4. Rest of MEA |
14.6. MEA Polymers Market - Opportunity Analysis Index, By Type, By Base Material, By Application, By End-User Industry and Country, 2023 - 2029 |
14.7. MEA Polymers Market Dynamics - Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. The Dow Chemical Company |
15.2.2. Evonik Industries AG |
15.2.3. LyondellBasell Industries N.V. |
15.2.4. Exxon Mobil Corporation |
15.2.5. SABIC |
15.2.6. BASF SE |
15.2.7. INEOS AG |
15.2.8. Eni S.p.A., |
15.2.9. Chevron Phillips Chemical Company LLC |
15.2.10. LANXESS |
15.2.11. Royal DSM |
15.2.12. Eastman Chemical Company |
15.2.13. Covestro AG |
15.2.14. Mitsui Chemicals Inc. |
15.2.15. Clariant International Limited |
15.2.16. Huntsman Corporation |
15.2.17. Others |
16. Research Methodology |
17. Key Assumptions and Acronyms |
Key Market Players