Description

As we begin 2023, the polymers and composites industry is at the forefront of sustainability conversations. On the one hand, these materials will be key to a net-zero future, with innovations enhancing the energy efficiency of end products such as wind turbines and electric vehicles.

On the other hand, work to improve the sustainability of plastic itself continues to accelerate, creating new opportunities both for chemical companies and for other companies with technology used along the value chain. Meanwhile, the grassroots work to create a more sustainable plastic industry is moving in some exciting directions. Systems-based and interdisciplinary thinking is transforming many industries, so it is exciting to see diverse experts, from chemistry to linguistics, contributing to a more sustainable future for the plastic industry.

All this is happening in an industry that is also undergoing huge competitive upheaval. Companies active in the polymers and composites industry are using acquisitions and partnerships as a strategy to grow in many different directions, three of which we highlight in this report.

In the following pages, Frost & Sullivan offers its thoughts on the 10 biggest growth opportunities that will shape the polymers and composites industry in 2023.

Author: Brian Balmer