The European plastics market is anticipated to project a CAGR of 2.9%, during the forecast period. Europe is one of the major plastic consumers globally. Significant changes in the plastic industry will be witnessed in the region to cater to the problem of plastic waste. A slight increment has been registered in the plastic demand in the region. As per PlasticEurope, in 2018, the demand for plastic in the region was 51.2 million tons as compared to 49.0 million tons in 2015. Some of the other major countries contributing to the market include Spain, UK, Poland, Belgium, the Netherlands. Around 60,000 companies are operating in the plastic industry in the region and directly employing over 1.6 million people in 2018 in the region.
The European plastics market is segmented based on type and application. Based on type, the market is broadly categorized into thermoplastics and thermoset plastics. The thermoplastic plastic segment includes the analysis of polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. The thermosetting plastics include polyurethane (PUR), epoxy resins, phenolic resins, acrylic resins, and others such as unsaturated polyester, melamine resins, and vinyl ester resins. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others. The packaging is the major application of plastics and is estimated to contribute a significant share to the market.
Geographically, the European plastics market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany is the largest plastic market in Europe and is estimated to maintain its dominance with the fastest growth rate during the forecast period. The country is also the largest producer and manufacturer of plastic in Europe. Moreover, the country has a significant number of plastic machine manufacturers, plastics, and rubber recycling players along with the application industries. As per Germany Trade and Invest, in Germany, there are more than 3,350 companies related to plastic out of which around 2,900 are related to plastic processing, 250 to plastic machinery, and 200 to plastic production.
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European Plastics Market Segmentation
By Type
- Thermoplastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
- Thermosets
- Polyurethane (PUR)
- Epoxy Resins
- Phenolic Resins
- Acrylic Resins
- Others
By Application
- Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Household, Leisure & Sports
- Agriculture
- Others
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Regional Analysis
- UK
- Germany
- France
- Italy
- Spain
Rest of Europe
Company Profiles
- Arkema Group
- Overview
- Arkema Group in Europe
- Arkema group in Plastics Landscape
- Recent Developments
- Asahi Kasei Corp.
- BASF SE
- Braskem S.A.
- Evonik Industries AG
- INEOS AG
- Koninklijke DSM N.V.
- LANXESS AG
- LyondellBasell Industries N.V.
- Saudi Basic Industries Corp. (SABIC)
- Sibur Holding
- Solvay SA
- Toray Group
- Total Petrochemicals & Refining SA/NV
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