Investments in scaling technologies for chemical recycling and decoupling of petroleum feedstocks from plastics


DUBLIN, April 22, 2022 /PRNewswire/ — The “Global Plastics and Composites Outlook 2022” report has been added to from offer.

The annual plastics and composites industry outlook 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 study identifies the top 8 predictions for 2022 and discusses the potential implications for each industry segment. Key growth opportunities, companies to watch, and strategic imperatives for success are also provided. The base year is 2021 and the forecast year is 2022.

Prolonged supply chain disruption due to natural calamities, resulting force majeure events, energy shortages, container shortages and freight issues, continued to exert upward pressure on resin prices in 2021. While overall consumption recorded a recovery of 4.5% in 2021 (in volume), the unprecedented rise in resin prices translated into a turnover in strong growth of 16.1% in 2021.

Sustainability and the circular economy are the most important issues for the plastics industry. Although the pandemic and ensuing disruptions have been short-term barriers to moving away from single-use plastics, 2022 is expected to see a resurgence of downward pressure as legislation, restrictions, taxes and bans are introduced (or will take effect) across geographies.

Value chain and end industry stakeholders are increasingly accelerating the collaborative development of circular material flows in the wake of tightening regulations and growing customer demand. Chemical recycling will be a common and effective way to achieve circularity. Increased customer demand and ever-increasing investment in supply bodes well for the commercialization and scale of bio-based and greener plastics.

While some mega trends propel growth, others will challenge the status quo. Diversified industry majors should continue to seek measures to strategically enable a focus on higher margins and sustainable, less cyclical businesses. This research service analyzes the global plastics and composites industry in 2021 across various applications and its outlook for 2022.

The main types of materials analyzed in the study include polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), engineering plastics and high performance plastics (HPP), chloride polyvinyl (PVC), polyurethanes (PU), etc.

Major end industries covered include automotive, building and construction, consumer goods and appliances, electrical and electronics, medical, packaging and others (such as sports and leisure, agriculture, footwear, wind applications and oil and gas pipelines).

Main topics covered:

1. Growth environment

  • Highlights
  • Industry Challenges
  • The challenges facing the plastics and composites industry in 2022
  • Forecast vs. reality – 2021: Plastics and composites market
  • Revenue forecast by application
  • Impact of the COVID-19 pandemic on revenue forecasts
  • Best predictions for 2022

2. Strategic imperatives

  • Why is it increasingly difficult to grow taller? The Strategic Imperative: Factors Putting Pressure on Growth
  • The strategic imperative
  • The impact of the three main strategic imperatives on the plastics and composites industry
  • Growth opportunities fuel the growth pipeline engine

3. Macroeconomic Factors Impacting the Plastics and Composites Industry

  • Global GDP Growth
  • Analysis of the 2022 scenario: quarterly global growth
  • Analysis of the 2022 scenario: assumptions
  • 2022 Global GDP Growth Overview
  • Main economic and political decisions affecting plastics and composites
  • Notable mergers and acquisitions in 2021

4. Analysis of growth opportunities

  • Scope of analysis
  • Segmentation
  • Value chain
  • Value chain analysis
  • Forecast assumptions
  • Revenue forecast by application
  • Revenue Forecast by Polymer Type
  • Volume and revenue forecasts
  • Global plastics and composites market by region in 2022

5. Key predictions for 2022

  • Key plastics and composites market trends in 2021
  • Prediction 1: Development and commercialization of materials for 5G applications to gain traction
  • Prediction 2: Rapid automotive electrification to increase demand for some plastics and drive adoption of others
  • Prediction 3: Strategic reorganization in the sector with global majors cutting or selling certain plastics activities and/or assets
  • Prediction 4: Integration or commercialization of chemical recycling and chemical recycling grades
  • Prediction 5: Recyclers will continue to be prime acquisition targets within the plastics value chain
  • Prediction 6: focus on bioplastics
  • Prediction 7: Resurgence of pressure on single-use plastics after a brief while
  • Prediction 8: Development and commercialization of antimicrobial and smart food packaging to gain traction

6. Outlook 2021 app

  • Market Snapshot 2021: Automotive and Transportation
  • Market Snapshot 2021: Consumer Goods and Household Products
  • Market Snapshot 2021: Building & Construction
  • Market Snapshot 2021: Electricity and Electronics
  • Market Snapshot 2021: Medical
  • Market Snapshot 2021: Packaging
  • Market Snapshot 2021: Other End Applications

7. Product Outlook (Polymer Type) 2022

  • Market Snapshot 2021: Polyethylene
  • Polyethylene – Companies to Watch
  • Market Snapshot 2021: Polypropylene
  • Polypropylene – Companies to Watch
  • Market Snapshot 2021: PVC
  • PVC – Companies to Watch
  • Market Snapshot 2021: PET
  • PET – Companies to Watch
  • Market Snapshot 2021: Polyurethane Foams
  • Polyurethane Foams – Companies to Watch
  • Market Snapshot 2021: Polystyrene
  • Polystyrene – Companies to Watch
  • Market Snapshot 2021: Engineering Plastics
  • Engineering Plastics – Companies to Watch
  • Market Snapshot 2021: High Performance Plastics (HPP)
  • High Performance Plastics – Companies to Watch
  • Market Snapshot 2021: Other Plastics

8. Regional Outlook 2021

  • Predictions 2022: North America
  • Predictions 2022: Latin America
  • Predictions 2022: Europe
  • Predictions 2022: MEA
  • Predictions 2022: India
  • Predictions 2022: Japan
  • Predictions 2022: Rest of APAC

9. Universe of growth opportunities

  • Plastics and Composites – Key Growth Opportunities
  • Growth Opportunity 1: Investments in scaling technologies for recycling chemicals and decoupling petroleum feedstocks from plastics
  • Growth Opportunity 2: Composites for EV Lightweighting and Low-Loss Plastics for 5G
  • Growth Opportunity 3: Plastics for Renewable Energy Applications – Photovoltaics
  • Growth Opportunity 4: Plastics and Composites for Aerospace Applications
  • Growth Opportunity 5: Innovative, smart and functional packaging for FMCG applications

10. Key Findings

For more information about this report visit

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Research and Markets
Laura Woodsenior
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