Recycled Thermoplastic Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Recycled Thermoplastic Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : June, 2020 | Chemical & Materials | PPT format

Report Digest


Recycled Thermoplastic Market: Snapshot 

The demand within the global recycled thermoplastic market has been rising on account of advancements in the energy sector. The use of thermoplastics across a wide array of industries has given a thrust to the growth of the global market. Moreover, the superiority of recycled thermoplastics over thermosets has also given a strong push to the growth of the global market. There have been key advancements in the way thermoplastics are recycled, and all of these have contributed towards propelling market demand. Reforming thermoplastics is similar to laying bricks after winnowing out mortar. Hence, the ease of thermoplastic recycling has played a crucial role in the growth of the global market. The total value of the global recycled thermoplastic market is projected to reach new heights in the years to follow.

 The global energy sector has instituted several key changes over the past decade. One of the prime focuses of the energy sector is proper recycling and remodelling of environmentally harmful substances. This factor has played a vital role in the growth of the global recycled thermoplastic market. Furthermore, the presence of a seamless industry for manufacturing plastic-based products and items has also generated demand within the global recycled thermoplastic market. 

On the basis of geography, the global recycled thermoplastic market can be segmented into Latin America, North America, Europe, Asia Pacific, the Middle East and Africa, and Europe. The recycled thermoplastic market in Asia Pacific has been expanding along with advancements in the recycling industry of China and India.

Recycled Thermoplastic Market: Overview

A thermoplastic is a polymer that is flexible or elastic over a particular temperature, and comes back to a strong state after cooling. Most thermoplastics have a high atomic weight, whose chains relate through intermolecular powers. This property enables thermoplastics to be remolded because of the intermolecular associations that immediately change after cooling.

Thermoplastics are effectively recyclable, in light of the fact that the polymer chain does not debase when softened down. The weaker communications between polymer chains break at much lower temperatures than the synthetic securities between monomers, enabling thermoplastics to be recycled uncertainly until the point when the polymers are separated to the point that the material loses basic respectability.

Recycled thermoplastic market is fragmented into non-biodegradable and biodegradable. Expanding R&D activities, growth in awareness among the purchasers alongside usage of strict ecological controls are among the factors that will proceed to pursue and will likewise demonstrate the positive development in the market in the future years.

Recycled Thermoplastic Market: Trends and Opportunities

Rise in population alongside basic changes taken by the legislature of developing economies has increased the farming segment in the region of Asia Pacific, inciting the recycled thermoplastic market development in the forthcoming years. India is the rapidly developing farming economy with surged GDP development rate. Rise in farming income, change in trading patterns combined with surged demand in water system segment will support farming business and will result in development of recycled thermoplastics market as it is utilized in mulching, canal linings, low tunnel, green houses, and drip and sprinkle irrigation frameworks.

Post-buyer materials that are utilized as the feedstock for the manufacturing process of recycled thermoplastics have the risk of infecting the microbiological or chemical nature. This makes them unacceptable to be utilized as the final food contact item in food and drinks sector and is expected to be a major limiting factor for the recycled thermoplastic market in future.

Recycled Thermoplastic Market: Regional Outlook

Asia Pacific is estimated to lead the global recycled thermoplastic market as far as the global volume share is concerned, by the end of 2028. The demand for recycled thermoplastic is augmented by the solid emergence of the different ventures, for example, electronic and electrical, transportation and automotive, and so on in the mentioned region. Developing nations of the Asia Pacific, for example, India and China have projected solid development in terms of light vehicles. This will decidedly impact the regional recycled thermoplastic market development within the forecast period.

As far as revenue is concerned, Europe encountered an increased development rate attributable to significant growth in automobile and industrial sectors because of the increase in customer spending and exports enhancing certainty of the investors and economic conditions. The region is as well is driven by Germany with a notable amount of share of the mentioned region enhanced by the emergence of end use businesses, for example, transportation and automobile, and so forth.

Recycled Thermoplastic Market: Competitive Landscape

Global recycled thermoplastic market is divided by the emergence of several large, medium, and small firms in the market. The major players operating in this market are Plastipak Holdings, Inc., KW Plastics, PARC Corporation, B. Schoenberg and Co., Clear Path reusing, Custom Polymers Inc., Suez SA, RJM International Inc., Merlin Plastics Alberta Inc., JP Industrial, Ricova International Inc., Revital Polymers, Replas, and MRC. The organizations are embracing several development strategies, for example, acquisitions, opening of new plants alongside the limit extension of the current one to improve their shares in the market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.