Fior Markets launched a study titled “Recycled Thermoplastic Market by Type (Bio-Degradable, Non- Biodegradable), Form, Technology, Product, Application, Regions”,and Global Forecast 2019-2026.
The global recycled thermoplastic market is expected to grow from USD 48.93 Billion in 2018 to USD 104.76 Billion by 2026, at a CAGR of 9.98% during the forecast period from 2019-2026.Rising demand for the thermoplastic materials for the various applications in electrical & electronics, automotive and manufacturing industries is expected to propel the global recycled thermoplastics market.
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The bio-degradable thermoplastics segment is anticipated to grow at a CAGR of 12.04% in 2019-2026
The type segment is divided into bio-degradable and non-biodegradable. There has been growing awareness among consumers regarding environmental benefits of the use of bio-degradable plastics as well as implementation of strict regulations pertaining the recycling of plastic materials. Consequently, the bio-degradable thermoplastics segment is projected to grow at an accelerated CAGR of 12.04% over the forecast period.
The pallets segment had a market value of USD 21.28 billion in 2018
The form segment is categorized into flakes, pallets, and granules. Recycled thermoplastic pallets are extensively utilized in the plastic industry due to their versatility, and ability to be easily embossed as well as tinged with various kind of colors. Thus the pallets segment led the global market with USD 21.28 billion revenue in 2018.
The injection molding segment is anticipated to grow at a CAGR of 12.10% in 2019-2026
The technology segment is fragmented into extrusion, injection molding, blow molding, film molding and others. Due to its properties of high production rates, minimal scrap losses, repeatable high tolerances the injection molding technology segment is anticipated to grow at the fastest CAGR of 12.10% over the forecast period.
The Polyethylene Terephthalate (PET)segment had a market value of USD 14.40 billion in 2018
The product segment covers Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), and others.Due to its widespread use in the manufacturing of bottles, pots, traysetc, the polyethylene terephthalate segment led the market with USD 14.40 billion revenue in 2018.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region dominated the global demand for the recycled thermoplastic with 18.36 billion revenue in 2018. However, the Europe region is expected to grow at a robust pace over the forecast period.
Major players in the global recycled thermoplastic market are KW Plastics, Plastipak Holdings, Inc., PARC Corporation, Clear Path recycling, B. Schoenberg and Co., Custom Polymers Inc., RJM International Inc., Suez SA, Merlin Plastics Alberta Inc., Ricova International Inc., JP Industrial, Revital Polymers, MRC, Replas, Veolia, B&B Plastics, United plastic recycling, Arkema, APC recycling, Maine plastics incorporation, Toho Tenax Co., Ltd., Envision Plastics, and Fresh Pak Corporation among others.
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