North America Thermoplastics Market - Segmented by Type, Industry and Geography - Trends and Forecasts (2015-2020)
In 2015 production of thermoplastics amounted to XX million tonnes in North America and is expected to witness a CAGR of X% during the forecast period.
North America thermoplastics production is currently estimated to be XX million tonnes in 2015 and is expected to reach XX million tonnes by 2020 showing a compound annual growth rate of XX%. US currently dominates the North American market for thermoplastics followed by Canada. The growing purchasing power in the region is expected to drive the market in North America.
Our Thermoplastics current data shows that North America remains interesting as locations for research and development and also important as sales markets. Thermoplastics are used in an increasing number of markets from Packaging, Building & Construction, Electrical & electronics, Automotive & transportation, Furniture & bedding, Sports & leisure and a number of other segments.
The rapid increase in downstream processing capacity additions, primarily geared towards export markets, will be the main driver of polyethylene demand in the future. The study indicates that innovations in packaging, rising living standards and population, growing demand in end user markets, and emerging economies are anticipated to boost the industry.
The industry is expected to face certain challenges such as regulatory standards to reduce CO2 emissions, fluctuation of crude oil prices, and product commoditization.
What the report contains
The report elucidates the situation of thermoplastics around the world and studies the markets of the thermoplastics type which include Acrylonitrile butadiene styrene (ABS), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl chloride (PVC) and others.
Lastly, the report is divided by countries - United States, Canada, Mexico and Others; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of thermoplastics have been discussed in detail in addition to a comprehensive overview of the market.
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