Market Size of Europe Thermoplastics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | < 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Thermoplastics Market Analysis
The market for Europe thermoplastics is expected to grow at a CAGR of around 4% during the forecast period. Growing demand from various end-user indutries is one of the major factors driving the growth of the market.
- Impact of COVID-19 pandemic and various environmental concerns related to thermoplastics are likely to hinder the market's growth.
- Germany dominated the Europe thermoplastics market due to the presence of various manufacturing facilities in the country.
Europe Thermoplastics Industry Segmentation
The Europe Thermoplastics Market report includes:
Product Type | |||||||||
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Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI) |
End-user Industry | |
Packaging | |
Building and Construction | |
Automotive and Transportation | |
Electrical and Electronics | |
Sports and Leisure | |
Furniture and Bedding | |
Agriculture | |
Medical | |
Other End-user Industries |
Geography | |
Germany | |
United Kingdom | |
Italy | |
France | |
Spain | |
Russia | |
Rest of Europe |
Europe Thermoplastics Market Size Summary
The European thermoplastics market is poised for growth, driven by increasing demand from diverse end-user industries. Germany stands out as a dominant player in this market, largely due to its robust manufacturing infrastructure. The packaging sector emerges as the largest application segment, with engineering plastics like polyethylene terephthalate (PET) and polyamide being extensively used. These materials are favored for their superior properties such as chemical resistance, recyclability, and mechanical strength, making them ideal for packaging applications in the food and beverage industry. Despite the positive outlook, the market faces challenges from the COVID-19 pandemic and environmental concerns related to thermoplastics, which could potentially impede growth.
The automotive and electronics industries in Germany further bolster the demand for thermoplastics, with the country's focus on efficient vehicle production and its status as a leading manufacturing hub for aircraft and electronic components. The German electronic industry, being the largest in Europe, significantly contributes to the market's expansion. The presence of major players like Evonik Industries AG, BASF SE, DSM, Covestro AG, and INEOS AG indicates a partially consolidated market structure, which is expected to support the growth trajectory of thermoplastics in Europe over the forecast period.
Europe Thermoplastics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Deamd from various End-user Industries
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Commodity Thermoplastics
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2.1.1.1 Polyethylene (PE)
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2.1.1.2 Polypropylene (PP)
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2.1.1.3 Polyvinyl Chloride (PVC)
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2.1.1.4 Polystyrene (PS)
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2.1.2 Engineering Thermoplastics
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2.1.2.1 Polyamide (PA)
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2.1.2.2 Polycarbonates (PC)
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2.1.2.3 Polymethyl Methacrylate (PMMA)
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2.1.2.4 Polyoxymethylene (POM)
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2.1.2.5 Polyethylene Terephthalate (PET)
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2.1.2.6 Polybutylene Terephthalate (PBT)
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2.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
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2.1.3 High-performance Engineering Thermoplastics
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2.1.3.1 Polyether Ether Ketone (PEEK)
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2.1.3.2 Liquid Crystal Polymer (LCP)
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2.1.3.3 Polytetrafluoroethylene (PTFE)
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2.1.3.4 Polyimide (PI)
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2.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)
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2.2 End-user Industry
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2.2.1 Packaging
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2.2.2 Building and Construction
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2.2.3 Automotive and Transportation
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2.2.4 Electrical and Electronics
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2.2.5 Sports and Leisure
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2.2.6 Furniture and Bedding
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2.2.7 Agriculture
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2.2.8 Medical
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2.2.9 Other End-user Industries
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2.3 Geography
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 Italy
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2.3.4 France
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2.3.5 Spain
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Thermoplastics Market Size FAQs
What is the current Europe Thermoplastics Market size?
The Europe Thermoplastics Market is projected to register a CAGR of less than 4% during the forecast period (2024-2029)
Who are the key players in Europe Thermoplastics Market?
Evonik Industries AG , BASF SE , DSM, INEOS AG and Covestro AG are the major companies operating in the Europe Thermoplastics Market.