US Plastic Market Data Review (2016 - 2020)

The plastic raw material market in US reached US$33,532.3 million in 2020. The country is one of the most influential markets globally for several plastic raw materials such as polypropylene, poly vinyl chloride, and high-density polyethylene. These high-performance plastics are used in a wide spectrum of end-use industries. 

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Report Coverage

The report: “Plastic Raw Material Market in US (2016-2020)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastic Raw Material Market in US Industry. 

By Material Type: Polyurethane, Polycarbonate, Polypropylene, Polystyrene, Polyamide, Poly Vinyl Chloride, High Density Polyethylene, Low Density Polyethylene, Others

By End Use Industry: Building and Construction, Packaging, Transportation, Furniture & Furnishings, Electrical & Electronics, Consumer & Institutional Products, Others

Key Takeaways:

• Low-density polyethylene dominated the market during 2016-2020. This is an extremely lightweight, corrosion resistance and tough plastic raw material that makes it a suitable choice in the market.
• The packaging industry dominated the market’s growth during 2016-2020. As per the data by the US Flexible Packaging Association, the flexible packaging industry stood at a record high US$33 billion in sales in 2019.
• The building and construction industry influenced the demand for plastic raw materials during 2016-2020. For instance, as per the June 2020 report by trade.gov, imports in the US construction sector accounted for US$941 million which was US$847 million in 2018.

Plastic Raw Material Market in US Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the plastic raw material market in US. Major players in the plastic raw material market in US are: 

1. Exxon Mobil Corporation
2. BASF Corporation
3. Braskem America, Inc.
4. SABIC Americans, Inc.
5. LyondellBasell Industries Holdings B.V
6. LG Chemical America, Inc
7. INEOS Olefins & Polymers USA, LLC.
8. Indorama Ventures Public Company
9. Westlake Chemical Corporation
10. Others

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