Unceasing growth in gross domestic product and improved living standards in the Asian countries will drive recycled thermoplastics demand in the automobile industry.
Sellbyville, DE -- (SBWIRE) -- 05/14/2019 -- Global Market Insights recently introduced new report on global Recycled Thermoplastic market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2025. It also provides complete overview of Recycled Thermoplastic industry considering all the major industry trends, market dynamics and competitive scenario.
The steady growth in the Asian automotive industry owing to significant production and sales of vehicle in the region will boost the recycled thermoplastic 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.
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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 thermoplastic market demand in coming years.
Recycled thermoplastic market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2014 to 2025, for the following segments:
Recycled Thermoplastics Market by Type:
Recycled Thermoplastics Market by Form:
Recycled Thermoplastics Market by Technology:
- Injection Molding
- Blow Molding
- Film Molding
Recycled Thermoplastics Market by Form:
- Polyethylene (HDPE & LDPE)
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl chloride (PVC)
Recycled Thermoplastics Market by Application:
- Automotive & transportation
- Building & construction
- Electrical & electronics
- Agriculture & horticulture
- Furniture & housewares
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In terms of revenue, the U.S recycled thermoplastic 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.
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.
The Recycled Thermoplastic market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Recycled Thermoplastic market based on product, technology, end user and region.
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The prominent players in the recycled thermoplastic market include:
- JP Industrial
- KW Plastics
- Plastipak Holdings
- Merlin Plastics Alberta
- Clear Path recycling
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