North America Thermoplastics Market Size (2024 - 2029)

The North America thermoplastics market is anticipated to experience growth driven by increasing demand from various end-user industries. However, challenges such as the impact of the COVID-19 pandemic and environmental concerns related to thermoplastics may impede this growth. The United States holds a dominant position in the market.

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Market Size of North America Thermoplastics Industry

North America Thermoplastics Market Growth
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration Medium

Major Players

North America Thermoplastics Market Key Players

*Disclaimer: Major Players sorted in no particular order

North America Thermoplastics Market Analysis

The market for North America thermoplastics is expected to grow at a CAGR of around 5% globally during the forecast period. Growing demand from various end-user industries is one of the prominent factor driving the market.

  • Impact of COVID-19 pandemic and various environmental concerns related to thermoplastics are likely to hinder the market's growth.
  • United States dominated the North America thermoplastics market.

North America Thermoplastics Industry Segmentation

The North America Thermoplastics Market report includes:

Product Type
Commodity Thermoplastics
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Engineering Thermoplastics
Polyamide (PA)
Polycarbonates (PC)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
High-performance Engineering Thermoplastics
Polyether Ether Ketone (PEEK)
Liquid Crystal Polymer (LCP)
Polytetrafluoroethylene (PTFE)
Polyimide (PI)
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
United States
Canada
Mexico
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North America Thermoplastics Market Size Summary

The North American thermoplastics market is poised for significant growth, driven by increasing demand from various end-user industries. The United States stands as a dominant force in this market, particularly in sectors such as automotive, aerospace, and electronics. The automotive industry, in particular, benefits from the use of thermoplastics due to the ongoing focus on vehicle efficiency and regulatory emissions standards. The aerospace sector, with its extensive manufacturing base for aircraft components, also contributes to the demand for thermoplastics. Additionally, the electronics market in the United States, being the largest globally, further propels the market's expansion through advanced technology and rising consumer demand.

Packaging emerges as the largest application segment for thermoplastics in North America, with engineering plastics like polyethylene terephthalate (PET) and polyamide playing crucial roles. PET's properties, such as portability, design flexibility, and moisture protection, make it ideal for food and beverage packaging, while polyamide's high impact strength and heat resistance are valued in medical and food packaging. The steady demand for packaging products, coupled with the need for rubber gloves and medical devices, is expected to sustain market growth. Despite challenges posed by environmental concerns and the COVID-19 pandemic, the market remains partially consolidated, with key players like 3M, DuPont, Celanese Corporation, LANXESS, and LyondellBasell Industries Holdings B.V. driving innovation and production.

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North America Thermoplastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Various End-user Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Commodity Thermoplastics

        1. 2.1.1.1 Polyethylene (PE)

        2. 2.1.1.2 Polypropylene (PP)

        3. 2.1.1.3 Polyvinyl Chloride (PVC)

        4. 2.1.1.4 Polystyrene (PS)

      2. 2.1.2 Engineering Thermoplastics

        1. 2.1.2.1 Polyamide (PA)

        2. 2.1.2.2 Polycarbonates (PC)

        3. 2.1.2.3 Polymethyl Methacrylate (PMMA)

        4. 2.1.2.4 Polyoxymethylene (POM)

        5. 2.1.2.5 Polyethylene Terephthalate (PET)

        6. 2.1.2.6 Polybutylene Terephthalate (PBT)

        7. 2.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)

      3. 2.1.3 High-performance Engineering Thermoplastics

        1. 2.1.3.1 Polyether Ether Ketone (PEEK)

        2. 2.1.3.2 Liquid Crystal Polymer (LCP)

        3. 2.1.3.3 Polytetrafluoroethylene (PTFE)

        4. 2.1.3.4 Polyimide (PI)

      4. 2.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)

    2. 2.2 End-user Industry

      1. 2.2.1 Packaging

      2. 2.2.2 Building and Construction

      3. 2.2.3 Automotive and Transportation

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Sports and Leisure

      6. 2.2.6 Furniture and Bedding

      7. 2.2.7 Agriculture

      8. 2.2.8 Medical

      9. 2.2.9 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Thermoplastics Market Size FAQs

The North America Thermoplastics Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

LANXESS, DuPont, 3M (incl. Dyneon LLC), Celanese Corporation and LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.) are the major companies operating in the North America Thermoplastics Market.

North America Thermoplastic Market Report Snapshots

North America Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)