Engineering Plastics Global Market Report 2023 – By Type (Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, Other Types), By Performance Parameter (High Performance, Low Performance), By End-Use Industry (Automotive And Transportation, Consumer Appliances, Electrical And Electronics, Industrial And Machinery, Packaging, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2023-2032

Medical plastics refer to plastic products specifically used in the healthcare industry. Medical plastics are resistant to temperature, corrosion, and chemicals making them the right fit for use in medical applications. Medical plastics are used for manufacturing and packaging applications in medical products. The main type medical plastics are polyvinyl chloride (PVC), polypropylene (pp), engineering plastics, polyethylene (PE), polystyrene (PS), silicones and others. The polyvinyl chloride (PVC) plastic are economical and versatile thermoplastic polymers widely used in medical devices. The process technology used in medical plastics are extrusion, injection molding, blow molding and others (including rotational molding and compression molding). Medical plastics are used in medical disposables, medical instruments, prosthetics & implants, drugs packaging and others. The global medical plastics market is segmented - 1) By Type: Polyvinyl Chloride (PVC), Polypropylene (PP), Engineering Plastics, Polyethylene (PE), Polystyrene (PS), Silicones, Other Types 2) By Process Technology: Extrusion, Injection Molding, Blow Molding, Other Process Technologies 3) By Application: Medical Disposables, Medical Instruments, Prosthetics & Implants, Drugs Packaging, Other Applications The global medical plastics market size grew from $29.51 billion in 2022 to $31.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical plastics is expected to grow to $44 billion in 2027 at a CAGR of 8.5%. The advancing medical plastic technology is significantly contributing to the growth of the medical plastics market. In the past few years, advancements in medical plastics technology such as injection molding, insert molding, and others along with ideas and new materials have gained popularity in the healthcare sector. Medical plastics are neutral and do not react with the physical or chemical properties of products packed or when they are implanted in the human body. Also, technique such as 3D printing has gained the popularity in the medical plastics technology. As medical plastic technology advances, there will be a significant increase in the production of medical plastics because of the advantages these advancements provide to manufacturers. For instance, according to the American Hospital Association, employing 3D anatomic models as surgical guides decreased surgery time by 62 minutes, saving $3,720 per case. Also, using 3D-generated anatomical models as guidance decreased the length of complicated surgeries by 1.5 to 2.5 hours. Therefore, the advancing medical plastic technology will propel the growth of the medical plastics market. Major players in the medical plastics market are BASF SE, Celanese Corporation, Solvay, Arkema SA, Eastman Chemical Company, Saint-Gobain Performance Plastics, Dow DuPont, Nolato AB, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Royal DSM, Spectrum Plastics Group, Emco Industrial Plastics Inc., Arthrex Inc and Danimer Scientific. Elimination single-use plastic is a key trend being followed by the companies operating in the medical plastics market due to risk of environmental harm caused by single-use. Eliminating single-use plastics is helpful to save the environment. Companies are focused on eliminating single-use plastics by introducing products that are made from eco-friendly materials and can be recycled. By launching these products, companies can increase their brand value, gain a competitive edge in the market, and capture additional market share. According to a firm that works to inspire positive change for people and the planet, Trvst Ltd., over 5 million tons of waste is generated by the hospitals each year, in which, around 25% of waste is contributed by plastic. For instance, EnviroPak LLC, a US-based manufacturer offers reusable steam sterilization pouch systems for infection control in healthcare and industries. It offers the FDA-approved EnviroPouch sterilization pouches to reduce the use of single-use plastic in hospitals as an alternative to single-use sterilization pouches. In addition, NewGen Surgical, a US-based medical device company, offers a 100% plant-based clinically designed kit packaging tray which can be recycled with paper. Additionally, it can reduce carbon-dioxide emission by 55% as compared to traditional foam trays and is easily biodegradable. In December 2021, Celanese Corporation, a US-based global technology, and specialty materials company acquired the Santoprene TPV elastomers business of Exxon Mobil Corporation for a total deal value of $1.15 billion. This deal enables Celanese Corporation to expand its portfolio of engineered solutions to their customers with the addition of the Santoprene business. The Santoprene TPV (thermoplastic vulcanizates) business of ExxonMobil is a proven solution for challenging applications in diverse markets such as healthcare, automotive, building and construction, industry, and consumer products. Exxon Mobil Corporation is an a US-based oil and gas company. Asia-Pacific was the largest region in the medical plastics market in 2022. The regions covered in the medical plastics market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The medical plastics market consists of sales of polycarbonate, acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol (PETG), and polymethyl methacrylate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical plastics market research report is one of a series of new reports from The Business Research Company that provides medical plastics market statistics, including medical plastics industry global market size, regional shares, competitors with a medical plastics market share, detailed medical plastics market segments, market trends and opportunities, and any further data you may need to thrive in the medical plastics industry. This medical plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Engineering services can provide extensive consultation to a company needing expert advice and solutions. Engineering services firms can accept the project and work on evaluating, designing, simulating, and testing the product. The main types of engineering services are civil engineering services, environmental engineering services, construction engineering services, mechanical engineering services, and other engineering services. Civil engineering services encompass a wide range of activities, including the planning, design, and construction of commercial and residential structures, transportation infrastructure, such as roads, bridges, and railways, water distribution systems, such as dams, sewers, and sewage treatment, environmental infrastructure, such as landscaping, urban planning, and parks, industrial infrastructure construction management, construction technology, and more. The various engineering disciplines include civil, mechanical, electrical, piping, and structural engineering and are delivered through offshore and onsite models. The services are used by automotive, industrial manufacturing, healthcare sector, aerospace, telecommunications, information technology, energy & utilities, and others. The global engineering services market is segmented – 1) By Type: Civil Engineering Services, Environmental Engineering Services, Construction Engineering Services, Mechanical Engineering Services, Other Engineering Services 2) By End User: Automotive, Industrial Manufacturing, Healthcare Sector, Aerospace, Telecommunications, Information Technology, Energy & Utilities, Other End Users 3) By Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering 4) By Delivery Model: Offshore, Onsite The global engineering services market size will grow from $1,110.21 billion in 2022 to $1,156.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global market size of global engineering services is expected to grow to $1,316.06 billion in 2027 at a CAGR of 3.3%. The engineering services market is expected to benefit from steady economic growth in developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.6% from 2021 to 2023. This trend will be mainly driven by regions of Asia and Africa. According to the report, Asia will represent 66% of the global middle-class population by 2030. For instance, the Indian IT-BPM industry grew by 7.7% in FY 2017, with software products and engineering services reaching US$ 25 billion. Going forward, the Asia-Pacific and Middle Eastern regions are expected to be the fastest-growing markets in the engineering services, design, animation, and graphic design industries. Developing countries such as India and China have started to attract foreign investment to improve their infrastructure. This was mainly due to an increase in internet penetration, a growth in the population, and increasing economic activity. Major players in the engineering services market are Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group, Cybage Software Pvt. Ltd., EPAM Systems, Inc. and GlobalLogic. Lack of quality control and safety concerns by engineering firms may hinder the growth of the engineering services market. Defects or failures in construction activities result in high costs. These minor defects result in re-construction to make the facility's operations impaired. Increased costs and delays are the results of ineffective internal controls and safety measures that hamper the end-to-end quality. For instance, QuEST, an engineering services company, is facing difficulties caused by a lack of understanding, problems in the execution process, and inconsistency across various business units. Companies in the industry are incurring high maintenance and budgeting costs to develop new and advanced methods to combat issues of safety and control. The increasing popularity and adoption of the Internet of Things (IoT) across the globe is the latest trend in the engineering services market. The Internet of Things (IoT) is a system of inter-related devices enabling the transmission of data over a wide range of networks. IoT enables continuous innovations in real-time data analytics, design, and development products and helps businesses grow at a faster pace. Engineering service providers are increasingly using industrial IoT to improve and optimise their production processes with better energy usage, resource allocation, and asset management. For instance, PureSoftware, an engineering service company, has successfully integrated IoT into engineering services and built a steady IoT platform to improve accuracy and speed of retrieving data. India's IoT industry is expected to reach USD 15 billion by 2020, accounting for approximately 5% of the global market. The Construction Design and Management Regulation, also known as the CDM Regulations/CDM 2015, came into force on April 6, 2015. These are the regulations governing the engineering service providers with respect to construction projects of all sizes and types. This CDM regulation (2015) replaced the Construction (Design and Management) Regulation 2007, aiming to improve the overall health, safety, and welfare of the workers and professionals involved in construction. This regulation specifies the general requirements, states safety norms, and minimum welfare facilities required at the construction sites. In 2020, Wipro, an Indian software services exporter, acquired Eximius Design for $80 million. The acquisition is expected to strengthen Wipro’s market presence in the semiconductor ecosystem. Eximius Design is a California-based engineering services company focused on ASIC design, systems, and software engineering. Eximius Design was founded in the year 2013 and has design centres in the US, India, and Malaysia. North America was the largest region in the engineering services market in 2022. Western Europe was the second largest region in the global engineering services market share. The regions covered in the global engineering services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the engineering services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The engineering services market consists of revenue earned by entities that advise, prepare feasibility studies, prepare preliminary and final plans and designs, provide technical services during the construction or installation phase, and inspect and evaluate engineering projects. Engineering services’ companies apply physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. Engineering services include technical application of engineering in product designing, innovations and others in industries such as building construction, mining, power and energy, transportation, manufacturing and others. The engineering services market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The engineering services market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The engineering services market research report is one of a series of new reports from The Business Research Company that provides engineering services market statistics, including engineering services industry global market size, regional shares, competitors with an engineering services market share, detailed engineering services market segments, market trends and opportunities, and any further data you may need to thrive in the engineering services industry. This engineering services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Paper is a thin, flexible material that is typically manufactured in sheets from rags, wood, and lastics are a collection of materials, either man-made or natural, that can be molded while still soft and then hardened to keep the desired shape; rubber is a material that can be made stretchy by coagulating the milky juice of a variety of tropical plants; wood refers to the majority of the stems, branches, and roots of trees and shrubs are made of a hard fibrous substance called xylem that lies beneath the bark, and "textile" is a colloquial term for any fabric or product made by knitting, felting, or weaving. The main types of paper, plastics, rubber, wood and textile are apparel and leather products, furniture, general manufactured goods, paper products, plastics and rubber products, printing and related support activities, textile and wood products. Leather and allied product manufacturers turn hides into leather by tanning or curing them and then constructing them into finished products, as well as producing similar goods from other materials, such as leather alternatives like rubber, polymers, or textiles (excluding clothes). The different natures include organic, conventional and is distributed through various channels such as supermarkets or hypermarkets, convenience stores, e-commerce, others. The global paper, plastics, rubber, wood and textile market is segmented - 1) By Type: Apparel And Leather Products, Furniture, General Manufactured Goods, Paper Products, Plastics And Rubber Products, Printing And Related Support Activities, Textile, Wood Products 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels 3) By Nature: Organic, Conventional Subsegments Covered: Leather And Allied Products, Apparel, Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades, Jewelry And Silverware, Sporting And Athletic Goods, Doll, Toy, And Game, Office Supplies (except Paper), Sign, All Other Miscellaneous Manufactured Goods, Converted Paper Products, Unfinished Paper, Pulp Mills, Rubber Products, Plastic Products, Printing, Support Activities For Printing, Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills, Finished Wood Products, Wood Processing, Manufactured Wood Materials The global paper, plastics, rubber, wood and textile market size will grow from $6573.88 billion in 2022 to $7032.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global paper, plastics, rubber, wood and textile is expected to grow to $8939.16 billion in 2027 at a CAGR of 6.2%. Rapid Technological Development - Technology is expected to be a continued driver of paper, plastics, rubber, wood and textile market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as "Green Tires," where 20-30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advances which enabled improved performance, reduced fuel consumption contributed to the growth of the paper, plastics, rubber, wood and textile market. Major companies in the paper, plastics, rubber, wood and textile market include Nike Inc., Christian Dior SE, The Michelin Group, Adidas AG, Bridgestone Corporation, International Paper Company, Kimberly Clark Corporation, Rajesh Exports, Procter & Gamble and WestRock Company. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the paper, plastics, rubber, wood and textile market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the paper, plastics, rubber, wood and textile manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Manufacturers in the plastic products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines were employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Asia-Pacific was the largest region in the paper, plastics, rubber, wood and textile market in 2022. Western Europe was the second largest region in the global paper, plastics, rubber, wood and textile market share. The regions covered in the global paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the paper, plastics, rubber, wood and textile market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The paper, plastics, rubber, wood and textile market consists of sales of clothes, groceries, and wood furniture. Values in the paper, plastics, rubber, wood and textile market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the paper, plastics, rubber, wood and textile market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The paper, plastics, rubber, wood and textile market research report is one of a series of new reports from The Business Research Company that provides paper, plastics, rubber, wood and textile market statistics, including paper, plastics, rubber, wood and textile industry global market size, regional shares, competitors with a paper, plastics, rubber, wood and textile market share, detailed paper, plastics, rubber, wood and textile market segments, market trends and opportunities, and any further data you may need to thrive in the paper, plastics, rubber, wood and textile industry. This paper, plastics, rubber, wood and textile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Antimicrobial plastics refer to synthetic polymer material containing an integrated and active component that inhibits bacteria growth. Antimicrobials can inhibit or alter one or more of the following cell functions of microorganisms such as cell wall synthesis, protein synthesis, cell membrane functions and nucleic acid synthesis. Antimicrobial plastics are used in healthcare to reduce the spread of microorganisms such as staph, strep, and methicillin-resistant staphylococcus aureus (MRSA) infections. The main type of product of antimicrobial plastics includes commodity plastics, engineering plastics and high-performance plastics. The inorganic market consists of sales of antimicrobial plastics by entities (organizations, sole traders, and partnerships) that are used in petrochemical industries. Inorganic antimicrobial plastics are an inorganic polymer that has a skeletal structure that lacks carbon atoms in the backbone. The main type of additive includes organic and inorganic. The antimicrobial plastics are applied in refining & petrochemical, metals, power generation and others and used in building & construction, automotive & transportation, healthcare, packaging, food & beverage, textile, consumer goods and others. The global antimicrobial plastics market is segmented - 1) By Product: Commodity Plastics, Engineering Plastics, High-Performance Plastics 2) By Additive: Inorganic, Organic 3) By Application: Refining And Petrochemical, Metals, Power Generation, Other Applications 4) By End-Use: Building And Construction, Automotive And Transportation, Healthcare, Packaging, Food And Beverage, Textile, Consumer Goods, Other End-Uses The global antimicrobial plastics market size grew from $44.13 billion in 2022 to $48.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The antimicrobial plastics market size is expected to grow to $72.96 billion in 2027 at a CAGR of 10.5%. The increasing penetration in food and beverages, packaging, and healthcare is expected to drive the growth of the antimicrobial plastics market going forward. Packaging for food and beverages using antimicrobial plastics provides protection, tamper resistance, and unique physical, chemical, or biological requirements for the food and beverages. Widespread penetration of food and beverages, packaging, and healthcare in antimicrobial plastics is boosting the growth of the market. For instance, in December 2021, according to ETHealthWorld, the packaging industry in India is predicted to develop at a rate of 26.7 % going forward due to increased penetration of sustainable packaging in the healthcare industry. The rise in population, rising life expectancy, expanding health awareness about the environmental impact of traditional packaging, and the transition to new packaging standards are driving growth. Therefore, the increasing penetration in food and beverages, packaging, and healthcare is expected to propel the growth of the antimicrobial plastics market. Major players in the antimicrobial plastics market are DuPont De Nemours Inc., BASF SE, Microban International, Sanitized AG, BioCote, Avient Corporation, King Plastic Corporation, Milliken Chemical, and Parx Plastics N.V. Product innovation is a key trend gaining popularity in the antimicrobial plastics market. Major market players are concentrating their efforts on creating innovative products such as Puretec. For instance, in November 2021, Sanitized, a Switzerland-based company engaged in antimicrobial hygiene function and material protection for textiles and polymers launched puretec for enhanced antimicrobial performance. Sanitized Puretec product provides superior antibacterial performance across all fibre types. Sanitized Puretec provides a one-of-a-kind solution for brands and retailers creating synthetic sportswear by allowing customers to wear their favorite items for longer periods of time before washing them. Offering long-lasting freshness on fabrics gives brands and sportswear users’ peace of mind. In November 2021, DuPont, a US-based company engaged in manufacturing of technology-based materials and solutions that help transform industries and everyday life acquired Rogers Corporation for $5.2billion. With this acquisition, DuPont's aims to expand its innovation and applied material science capabilities with Rogers technical competence and deep customer contacts. Rogers Corporation is a German-based company engaged in manufacturing engineered materials to power, protect and connect the world along with antimicrobial plastics. Asia-Pacific was the largest region in the antimicrobial plastics market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in antimicrobial plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the antimicrobial plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The antimicrobial plastics market consists of sales of polyamide, polybutylene terephthalate, polycarbonate, and PC/ABS blends. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The antimicrobial plastics market research report is one of a series of new reports from The Business Research Company that provides antimicrobial plastics market statistics, including antimicrobial plastics industry global market size, regional shares, competitors with an antimicrobial plastics market share, detailed antimicrobial plastics market segments, market trends and opportunities, and any further data you may need to thrive in the antimicrobial plastics industry. This antimicrobial plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Recycled plastic is defined as plastic that has undergone decontamination as part of the recycling process, as well as plastic that has undergone further post-processing but has not yet been converted into recycled plastic products. It involves collecting used plastic waste and turning it into brand-new, functional plastic items. More than a trillion pounds of plastic are produced and used globally. This enormous volume of plastic is recycled to guarantee that it is not wasted. The recycled plastics are used in the manufacturing of containers for beauty products, new plastic bottles, and durable plastics such as plant holders. The main types of recycled plastics are polyethylene terephthalate, polyvinyl chloride, polyethylene, polypropylene, polystyrene, and others. Polyethylene terephthalate is used for the manufacturing of shopping bags, videotapes, water bottles, etc. Polyethylene terephthalate is a condensation polymer of terephthalic acid and ethylene glycol. The different sources include plastic bottles, plastic films, plastic foams, plastic fibers, and others that are used in packaging, textiles, automotive, building and construction, electrical and electronics, and other applications. The global recycled plastics market is segmented - 1) By Type: Polyethylene Terephthalate, Polyvinyl Chloride, Polyethylene, Polypropylene, Polystyrene, Other Types 2) By Source: Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, Other Sources 3) By Application: Packaging, Textile, Automotive, Building And Construction, Electrical And Electronics, Other Applications The global recycled plastics market size grew from $50.07 billion in 2022 to $52.94 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global recycled plastics is expected to grow to $64.05 billion in 2027 at a CAGR of 4.9%. The rising awareness among investors regarding environmental protection is expected to propel the growth of the recycled plastics market going forward. Environmental protection is any action taken to preserve or improve the quality of environmental media by preventing pollution from entering them or reducing their presence there. The use of recycled plastics would be an alternative to protect the environment since, instead of discarding, the plastic would be utilized or recycled for further use. For instance, according to a study named 'Consumer Passion For The Environment Grows As A Result Of The Pandemic', conducted by Mastercard Inc., a US-based financial services corporation among 24 countries and featuring 25,519 adults from respective countries between January 19th and March 5th, 2021, it has been found that 58% of adults are more aware of their environmental impact and 85% are prepared to take personal action to address environmental and sustainability issues in 2021. Therefore, the rising awareness among investors regarding environmental protection is expected to propel the growth of the recycled plastics market going forward. Major players in the recycled plastics market are Rethmann Se & Co. Kg., Biffa Waste Services Ltd., Stericycle Inc., Veolia India Private Limited, Jayplas Limited, KW Plastics, MBA Polymers Inc., Waste Connections Inc., Clean Harbors Inc., Suez India Private Limited, Plastic Recycling Inc., UltrePET LLC, KW Plastics Inc., and Greenotech Recycling Private Limited. Technological advancements are a key trend gaining popularity in the recycled plastics market. Major companies operating in the recycled plastics market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2021, Sumitomo Chemical Co., Ltd., a Japan-based chemical company, launched MeguriTM, a new brand for plastic products obtained through recycling technology. MeguriTM refers to a range of recycled plastic items made using chemical or material recycling techniques, including acrylic resin (PMMA, poly-methyl-methacrylate), polyethylene, and polypropylene. It embodies Sumitomo Chemical's founding principle of resolving social challenges through its business activities by representing a circular economy for resources, a circle of people, and circling back to the origin. In April 2022, MOL PLC., a Hungary-based oil and gas company, acquired ReMat Zrt for an undisclosed amount. With this acquisition, MOL would be able to create specialized virgin and recycled solutions to meet the rising demand of its clients for circular materials and MOL's ambition to dominate Central and Eastern Europe's low-carbon circular economy. ReMat Zrt is a Hungary-based company operating in the plastics product manufacturing industry and specializing in plastics recycling, using plastic waste from communal and industrial sources. Asia-Pacific was the largest region in the recycled plastics market in 2022. North America is expected to be the fastest-growing region in the recycled plastics market share during the forecast period. The regions covered in the recycled plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the recycled plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The recycled plastic market consists of sales of high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recycled plastics market research report is one of a series of new reports from The Business Research Company that provides recycled plastics market statistics, including global market size, regional shares, competitors with a recycled plastics market share, detailed recycled plastics market segments, market trends and opportunities, and any further data you may need to thrive in the recycled plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Automotive plastics refers to a polymer used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance, and are utilized in making the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (pp), polyurethane (PU), polyvinylchloride (PVC), polyamide (pa), and acrylonitrile butadiene styrene (abs), high-density polyethylene (HDPE), polycarbonate (pc), and polybutylene terephthalate (PBT). Polypropylene (PP) automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline. The various applications of automotive plastics are interior, exterior, and under the bonnet, which are used in conventional/traditional vehicles, and electric vehicles. The global automotive plastics market is segmented - 1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles 2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT) 3) By Application: Interior, Exterior, Under Bonnet The global automotive plastics market size grew from $36.49 billion in 2022 to $40.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive plastics market size is expected to grow to $56.02 billion in 2027 at a CAGR of 8.6%. The increase in demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based automotive industry standards group, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020 across the globe. Therefore, the increasing demand for lightweight and electric vehicles is driving the growth of the automotive plastics market. Major players in the automotive plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V., Arkema SA, Grupo Antolin-Irausa S.A., LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc., Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc. Technological advancements are a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in 2021, Covestro AG launched a new 3D printing material, recycled Polyethylene Terephthalate (rPET), which is used for 3D pellet printing using technology known as fused granulate fabrication (FGF), which helps in the manufacturing of large-sized parts. This technology has applications in the automotive industry for the manufacturing of interior parts. In March 2021, Lear Corp., an automotive technology company, acquired M&N Plastics for an undisclosed amount. This acquisition helps Lear Corp. increase its capabilities to design and produce complex electrical components in various automobiles. M&N Plastics is a specialist manufacturer of various engineered plastic components for the automotive industry. Asia-Pacific was the largest region in the automotive plastics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive plastics market consists of sales of diesel vehicles, polymethyl methacrylate, nylon, Styrofoam, injection moulding, and blow moulding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive plastics market research report is one of a series of new reports from The Business Research Company that provides automotive plastics market statistics, including automotive plastics industry global market size, regional shares, competitors with an automotive plastics market share, detailed automotive plastics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive plastics industry. This automotive plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medical plastics refer to plastic products specifically used in the healthcare industry. Medical plastics are resistant to temperature, corrosion, and chemicals making them the right fit for use in medical applications. Medical plastics are used for manufacturing and packaging applications in medical products. The main type medical plastics are polyvinyl chloride (PVC), polypropylene (pp), engineering plastics, polyethylene (PE), polystyrene (PS), silicones and others. The polyvinyl chloride (PVC) plastic are economical and versatile thermoplastic polymers widely used in medical devices. The process technology used in medical plastics are extrusion, injection molding, blow molding and others (including rotational molding and compression molding). Medical plastics are used in medical disposables, medical instruments, prosthetics & implants, drugs packaging and others. The global medical plastics market is segmented - 1) By Type: Polyvinyl Chloride (PVC), Polypropylene (PP), Engineering Plastics, Polyethylene (PE), Polystyrene (PS), Silicones, Other Types 2) By Process Technology: Extrusion, Injection Molding, Blow Molding, Other Process Technologies 3) By Application: Medical Disposables, Medical Instruments, Prosthetics & Implants, Drugs Packaging, Other Applications The global medical plastics market size grew from $29.51 billion in 2022 to $31.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical plastics is expected to grow to $44 billion in 2027 at a CAGR of 8.5%. The advancing medical plastic technology is significantly contributing to the growth of the medical plastics market. In the past few years, advancements in medical plastics technology such as injection molding, insert molding, and others along with ideas and new materials have gained popularity in the healthcare sector. Medical plastics are neutral and do not react with the physical or chemical properties of products packed or when they are implanted in the human body. Also, technique such as 3D printing has gained the popularity in the medical plastics technology. As medical plastic technology advances, there will be a significant increase in the production of medical plastics because of the advantages these advancements provide to manufacturers. For instance, according to the American Hospital Association, employing 3D anatomic models as surgical guides decreased surgery time by 62 minutes, saving $3,720 per case. Also, using 3D-generated anatomical models as guidance decreased the length of complicated surgeries by 1.5 to 2.5 hours. Therefore, the advancing medical plastic technology will propel the growth of the medical plastics market. Major players in the medical plastics market are BASF SE, Celanese Corporation, Solvay, Arkema SA, Eastman Chemical Company, Saint-Gobain Performance Plastics, Dow DuPont, Nolato AB, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Royal DSM, Spectrum Plastics Group, Emco Industrial Plastics Inc., Arthrex Inc and Danimer Scientific. Elimination single-use plastic is a key trend being followed by the companies operating in the medical plastics market due to risk of environmental harm caused by single-use. Eliminating single-use plastics is helpful to save the environment. Companies are focused on eliminating single-use plastics by introducing products that are made from eco-friendly materials and can be recycled. By launching these products, companies can increase their brand value, gain a competitive edge in the market, and capture additional market share. According to a firm that works to inspire positive change for people and the planet, Trvst Ltd., over 5 million tons of waste is generated by the hospitals each year, in which, around 25% of waste is contributed by plastic. For instance, EnviroPak LLC, a US-based manufacturer offers reusable steam sterilization pouch systems for infection control in healthcare and industries. It offers the FDA-approved EnviroPouch sterilization pouches to reduce the use of single-use plastic in hospitals as an alternative to single-use sterilization pouches. In addition, NewGen Surgical, a US-based medical device company, offers a 100% plant-based clinically designed kit packaging tray which can be recycled with paper. Additionally, it can reduce carbon-dioxide emission by 55% as compared to traditional foam trays and is easily biodegradable. In December 2021, Celanese Corporation, a US-based global technology, and specialty materials company acquired the Santoprene TPV elastomers business of Exxon Mobil Corporation for a total deal value of $1.15 billion. This deal enables Celanese Corporation to expand its portfolio of engineered solutions to their customers with the addition of the Santoprene business. The Santoprene TPV (thermoplastic vulcanizates) business of ExxonMobil is a proven solution for challenging applications in diverse markets such as healthcare, automotive, building and construction, industry, and consumer products. Exxon Mobil Corporation is an a US-based oil and gas company. Asia-Pacific was the largest region in the medical plastics market in 2022. The regions covered in the medical plastics market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The medical plastics market consists of sales of polycarbonate, acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol (PETG), and polymethyl methacrylate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical plastics market research report is one of a series of new reports from The Business Research Company that provides medical plastics market statistics, including medical plastics industry global market size, regional shares, competitors with a medical plastics market share, detailed medical plastics market segments, market trends and opportunities, and any further data you may need to thrive in the medical plastics industry. This medical plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The impact modifiers manufacture impact modifiers for polyvinyl chloride (PVC), engineering plastics, and epoxy resins. Impact modifiers are the key additives for increasing flexibility, improving durability, and meeting the physical property requirements of rigid parts. They are added to compounded materials to improve the durability and toughness of plastic resins. The main types of products in the impact modifiers market are acrylic impact modifiers (AIM), acrylonitrile butadiene styrene (ABS), methacrylate-butadiene-styrene (MBS), chlorinated polyethylene (CPE), ethylene propylene diene monomer (EPDM), acrylonitrile styrene acrylate (ASA), and others. The acrylic impact modifier is used to improve the resistance performance of the product. The ABS impact modifier is used in applications such as computer and printer housings, consumer electronics, appliances, garden equipment, automotive parts, and toys. MBS impact modifier is tailor-made for the specific needs of rigid and semi-rigid indoor PVC applications. CPE is used as a toughening agent and possesses resistance to oil, ozone, and fire. EPDM impact modifiers are used in process industries that handle corrosive environments containing nitric acid and chromic acid in low concentrations, such as the electroplating industry. ASA impact modifiers are used in general prototyping in 3D printing and the automotive industry due to their high weather resistance. The impact modifiers' end-users are packaging, construction, consumer goods, automotive, and others. The products are applied to PVC, engineering plastics, PBT, nylon, and others. The global impact modifiers market is segmented - 1) By Type: AIM, ABS, MBS, CPE, EPDM, ASA, Other Types 2) By End-User: Packaging, Construction, Consumer Goods, Automotive, Other End-Users 3) By Application: PVC, Engineering Plastics, PBT, Nylon, Other Applications The global impact modifiers market size grew from $3.89 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the impact modifiers market is expected to grow to $5.74 billion in 2027 at a CAGR of 7.6%. The increase in demand for impact modifiers in the construction industry is expected to drive the growth of the impact modifiers market. The growth in the usage of engineering plastics, PVC such as pipes and fittings, wires and cables, rigid sheets and panels, and bottles that are used in the construction industry is contributing to the growth of impact modifiers. For instance, in November 2022, according to the Office for National Statistics, a UK-based statistics authority, in volume terms, monthly construction output increased by 0.4% in August 2022, the second consecutive increase after July 2022's upwardly revised increase to 0.1%; in level terms, August 2022 is the second-highest monthly value (El 5,011 million), with May 2022 continuing to be at the highest level since records began in January 2010 (El 5,035 million). Therefore, the rise in construction activities boosted the demand for the impact modifier market. Major players in the impact modifiers market are Evonik Industries, E.I. Du Pont De Nemours & Co., Addivant, Kaneka Corporation, Arkema S.A., Mitsubishi Chemical Corporation, LG Chem., Mitsui Chemicals Inc., SI Group Inc., Novista Group, Indofil Industries Limited, Akzo Nobel N.V., and Chemtura Corporation. Environmental damage has always been a major challenge in the impact modifier market. The increase in demand for eco-friendly products is restraining the growth of the impact modifier market. Polyvinyl chloride and other highly pervasive plastic particles release hazardous chemicals into the surrounding soil that can later drain into groundwater and also cause environmental damage. From 2015 to 2020, global plastic production moved up from 300 million metric tonnes to 360 million metric tons. For instance, according to 2021 Waste and Recycling Statistics, published by the National Environment Agency, a Singapore-based public organization, 3.83 million tonnes of the 6.94 million tonnes of solid waste that were produced in 2021 were recycled. From 4.12 million tonnes and 1.77 million tonnes respectively, in 2020 to 5.12 million tonnes and 1.82 million tonnes respectively, in 2021, the amount of waste produced by the domestic and non-domestic sectors both increased. Thus, growing environmental damage regarding the usage of PVC products can inhibit the growth of the market. Companies in the impact modifiers market are focusing on collaboration and partnerships for product development and innovation. For instance, in 2020, Japan-based Mitsui Chemicals collaborated with Japan-based Prime Polymer to build a new polypropylene plant in the Netherlands that has a capacity of 30,000 mt/year and caters to the growing demand for polypropylene compounds from the automotive sector. In August 2022, L. Brüggemann GmbH & Co. KG, a Germany-based chemical company, acquired Auserpolimeri Srl for an undisclosed amount. With the acquisition, Auserpolimeri enables Brüggemann to significantly increase its market presence in the area of high-performance polymer additives. Auserpolimeri Srl is an Italy-based manufacturer of polymer additives. In 2022, Asia-Pacific was the largest region in the impact modifiers market. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the impact modifiers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the impact modifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The impact modifier market consists of sales of acrylate polymethacrylate copolymer (acrylic) and ethylene vinyl acetate copolymer (EVA). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The impact modifier market research report is one of a series of new reports from The Business Research Company that provides impact modifier market statistics, including impact modifier industry global market size, regional shares, competitors with an impact modifier market share, detailed impact modifier market segments, market trends and opportunities, and any further data you may need to thrive in the impact modifier industry. This impact modifier market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.