Global Plastics and Composites Outlook, 2022

Global Plastics and Composites Outlook, 2022

Sustainability-and- circularity-oriented Innovations to Drive Transformational Growth

RELEASE DATE
25-Mar-2022
REGION
Global
Research Code: PCC2-01-00-00-00
SKU: CM01943-GL-MO_26400
$4,950.00
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Description

Frost & Sullivan’s annual outlook for the plastics and composites industry provides an overview of the industry in 2021 and highlights disruptive, transformational, and competitive trends that are expected to impact industry growth in 2022. The protracted disruption of the supply chain because of natural calamities, ensuing force majeure events, energy shortages, container shortages, and freight challenges, continued to drive upward pressure on resin prices in 2021. While overall consumption registered a recovery of 4.5% in 2021 (in terms of volume), the unprecedented rise in resin prices resulted in revenue registering a robust growth of 16.1% in 2021. Sustainability and circular economy are the most important issues in the plastic industry. Though the pandemic and the ensuing disruption served as short-term impediments to the shift away from single-use plastics, 2022 is expected to witness a resurgence in downward pressure as legislations, restrictions, taxes, and bans are introduced (or will take effect) across geographies. Stakeholders across the value chain and end industries are increasingly ramping up collaborative development of circular material flows in the wake of both tightening regulations and growing customer demand. Chemical recycling will be a mainstream, effective means to achieving circularity. Higher customer demand and the ever-growing investment in supply will augur well for commercialization and scaling up of biobased, greener plastics.

While some Mega Trends propel growth, others will challenge the status quo. Diversified industry majors are expected to continue scouting for measures to strategically enable the shift of focus toward higher margins, and sustainable and less-cyclical businesses.This research service analyzes the global plastics and composites industry in 2021 across various applications and its outlook for 2022. The key material types analyzed in the study include polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), Polystyrene (PS), engineering plastics, high-performance plastics (HPPs), polyvinyl chloride (PVC), polyurethanes (PU), and so on. The main end industries covered include automotive, building and construction, consumer goods and household, electrical and electronics, medical, packaging, and others (such as sports and leisure, agriculture, footwear, wind turbine applications, and oil and gas pipelines). The study identifies the top 8 predictions for 2022 and discusses the potential implications for each industry segment. Key growth opportunities, companies to watch out for, and strategic imperatives for success are also provided. The base year is 2021, and the forecast year is 2022.

Author: Gautam Rashingkar

Table of Contents

Key Highlights

Industry Challenges

Challenges Ahead of the Plastics and Composites Industry in 2022

Forecast Versus Actual—2021: Plastics and Composites Market

Forecast Versus Actual—2021: Plastics and Composites Market (continued)

Forecast Versus Actual—2021: Plastics and Composites Market (continued)

Forecast Versus Actual—2021: Plastics and Composites Market (continued)

Revenue Forecast by Application

Impact of the COVID-19 Pandemic on Revenue Forecasts

Top Predictions for 2022

Why is it Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Plastics and Composites Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Global GDP Growth

2022 Scenario Analysis: Quarterly Global Growth

2022 Scenario Analysis: Assumptions

2022 Global GDP Growth Snapshot

Major Economic and Political Decisions Affecting Plastics and Composites

Notable M&As in 2021

Scope of Analysis

Segmentation

Value Chain

Value Chain Analysis

Forecast Assumptions

Revenue Forecast by Application

Revenue Forecast by Polymer Type

Volume and Revenue Forecast

Global Plastics and Composites Market by Region in 2022

Key 2021 Plastics and Composites Market Trends

Prediction 1: Development and Commercialization of Materials for 5G Applications to Gain Momentum

Prediction 2: Rapid Automotive Electrification to Upend the Demand for Certain Plastics and Drive Adoption of Others

Prediction 3: Strategic Reorganization in the Industry with Global Majors Carving Out or Divesting Certain Plastics Businesses and/or Assets

Prediction 4: Mainstreaming or Commercialization of Chemical Recycling and Chemical Recycling Grades

Prediction 5: Recycling Companies to Continue Being Hot Acquisition Targets Within the Plastics Value Chain

Prediction 6: Focus on Bioplastics

Prediction 7: Resurgence in Pressure on Single-use Plastics After a Momentary Blip

Prediction 8: Development and Commercialization of Antimicrobial and Smart Food Packaging to Gain Momentum

2021 Market Snapshot: Automotive & Transportation

2021 Market Snapshot: Consumer Goods and Household

2021 Market Snapshot: Building and Construction

2021 Market Snapshot: Electrical and Electronic

2021 Market Snapshot: Medical

2021 Market Snapshot: Packaging

2021 Market Snapshot: Other End Applications

2021 Market Snapshot: Polyethylene

Polyethylene—Companies to Watch Out for

2021 Market Snapshot: Polypropylene

Polypropylene—Companies to Watch Out for

2021 Market Snapshot: PVC

PVC—Companies to Watch Out for

2021 Market Snapshot: PET

PET—Companies to Watch out for

2021 Market Snapshot: Polyurethane Foams

Polyurethane Foams—Companies to Watch Out for

2021 Market Snapshot: Polystyrene

Polystyrene—Companies to Watch Out for

2021 Market Snapshot: Engineering Plastics*

Engineering Plastics—Companies to Watch Out for

2021 Market Snapshot: High-performance Plastics (HPPs)¹

High-performance Plastics—Companies to Watch Out for

2021 Market Snapshot: Other Plastics*

2022 Predictions: North America

2022 Predictions: Latin America

2022 Predictions: Europe

2022 Predictions: MEA

2022 Predictions: India

2022 Predictions: Japan

2022 Predictions: Rest of APAC

Plastics and Composites—Key Growth Opportunities

Growth Opportunity 1: Investments in Upscaling Technologies for Chemical Recycling and Decoupling Petroleum Feedstock from Plastics

Growth Opportunity 1: Investments in Upscaling Technologies for Chemical Recycling and Decoupling Petroleum Feedstock from Plastics (continued)

Growth Opportunity 2: Composites for EV Lightweighting and Low-loss-grade Plastics for 5G

Growth Opportunity 2: Composites for EV Lightweighting and Low-loss-grade Plastics for 5G (continued)

Growth Opportunity 3: Plastics for Renewable Energy Applications— Photovoltaic

Growth Opportunity 3: Plastics for Renewable Energy Applications— Photovoltaic (continued)

Growth Opportunity 4: Plastics and Composites for Aerospace Applications

Growth Opportunity 4: Plastics and Composites for Aerospace Applications (continued)

Growth Opportunity 5: Innovative, Smart and Functional Packaging for FMCG Applications

Growth Opportunity 5: Innovative, Smart and Functional Packaging for FMCG Applications (continued)

Key Conclusions

Abbreviations And Acronyms Used

Abbreviations And Acronyms Used (continued)

Abbreviations And Acronyms Used (continued)

Abbreviations And Acronyms Used (continued)

Learn More— Next Steps

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
Frost & Sullivan’s annual outlook for the plastics and composites industry provides an overview of the industry in 2021 and highlights disruptive, transformational, and competitive trends that are expected to impact industry growth in 2022. The protracted disruption of the supply chain because of natural calamities, ensuing force majeure events, energy shortages, container shortages, and freight challenges, continued to drive upward pressure on resin prices in 2021. While overall consumption registered a recovery of 4.5% in 2021 (in terms of volume), the unprecedented rise in resin prices resulted in revenue registering a robust growth of 16.1% in 2021. Sustainability and circular economy are the most important issues in the plastic industry. Though the pandemic and the ensuing disruption served as short-term impediments to the shift away from single-use plastics, 2022 is expected to witness a resurgence in downward pressure as legislations, restrictions, taxes, and bans are introduced (or will take effect) across geographies. Stakeholders across the value chain and end industries are increasingly ramping up collaborative development of circular material flows in the wake of both tightening regulations and growing customer demand. Chemical recycling will be a mainstream, effective means to achieving circularity. Higher customer demand and the ever-growing investment in supply will augur well for commercialization and scaling up of biobased, greener plastics. While some Mega Trends propel growth, others will challenge the status quo. Diversified industry majors are expected to continue scouting for measures to strategically enable the shift of focus toward higher margins, and sustainable and less-cyclical businesses.This research service analyzes the global plastics and composites industry in 2021 across various applications and its outlook for 2022. The key material types analyzed in the study include polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), Polystyrene (PS), engineering plastics, high-performance plastics (HPPs), polyvinyl chloride (PVC), polyurethanes (PU), and so on. The main end industries covered include automotive, building and construction, consumer goods and household, electrical and electronics, medical, packaging, and others (such as sports and leisure, agriculture, footwear, wind turbine applications, and oil and gas pipelines). The study identifies the top 8 predictions for 2022 and discusses the potential implications for each industry segment. Key growth opportunities, companies to watch out for, and strategic imperatives for success are also provided. The base year is 2021, and the forecast year is 2022. Author: Gautam Rashingkar
More Information
Author Gautam Rashingkar
GPS Codes 9100-A2,9595,9870
Industries Chemicals and Materials
No Index No
Is Prebook No
Podcast No
WIP Number PCC2-01-00-00-00