Almost 400 million metric tons of thermoplastics are projected to be produced globally in 2020. Of that amount, around 75.4 million metric tons is attributable to the production of polypropylene (PP). PP production is forecast to grow to 107 million metric tons by 2050.

Thermoplastic Polymers Market Outlook

The global thermoplastic polymers market is poised to grow significantly, with its market size estimated at USD 14.5 billion in 2023 and projected to reach USD 22.1 billion by 2032, reflecting a CAGR of 4.8% over the forecast period. This growth is primarily driven by increasing demand across various industries such as automotive, packaging, and electronics, which leverage the unique properties of thermoplastic polymers, including their high impact resistance, flexibility, and recyclability. The surge in urbanization and industrialization globally is further fueling the demand for these materials, as they are integral to manufacturing processes for numerous consumer products and industrial applications.

One of the primary growth factors in the thermoplastic polymers market is the rising demand from the automotive industry. Thermoplastic polymers are extensively used in automotive manufacturing due to their lightweight nature, which contributes to fuel efficiency and reduced emissions. As environmental regulations become stricter worldwide, especially in developed regions, the automotive industry's shift towards using more sustainable materials like thermoplastic polymers is expected to accelerate. Additionally, innovations in polymer composites are enabling the production of components that offer enhanced performance characteristics, further boosting their adoption in automotive applications.

Another significant driver for market growth is the booming packaging industry. With the rise of e-commerce and changes in consumer consumption patterns, there has been an unprecedented demand for packaging materials. Thermoplastic polymers, known for their durability and versatility, are increasingly preferred for packaging applications, ranging from simple grocery bags to complex multilayer barrier films used in food packaging. The emphasis on sustainable packaging solutions is also promoting the use of recyclable thermoplastic polymers, aligning with global environmental sustainability goals and propelling market growth.

The electrical and electronics sector is also substantially contributing to the expansion of the thermoplastic polymers market. These polymers possess excellent insulating properties, making them ideal for use in various electronic components and devices. The rapid development of smart technologies, IoT devices, and consumer electronics is driving the demand for advanced materials that can offer both performance and safety. Thermoplastic polymers are increasingly being integrated into product designs for their adaptability, lightweight nature, and cost-effectiveness, supporting the growth trajectory of this market segment.

Regionally, Asia Pacific is expected to dominate the thermoplastic polymers market over the forecast period, primarily due to rapid industrialization and urbanization in countries such as China and India. These economies are experiencing significant growth in sectors like automotive, construction, and electronics, which are major consumers of thermoplastic polymers. North America and Europe are also notable markets, driven by technological advancements and a focus on sustainability. The Middle East and Africa, though smaller in market size, present emerging opportunities due to increasing infrastructure development and industrial activity. Each region presents unique growth opportunities and challenges, shaping the global landscape of the thermoplastic polymers market.

The consumer goods sector is increasingly turning to filled thermoplastics for their enhanced properties and versatility. These materials are particularly valued for their ability to improve the durability and performance of everyday products. Filled thermoplastics in the consumer goods industry offer manufacturers the flexibility to create complex designs while maintaining cost-effectiveness. This adaptability is crucial as consumer preferences shift towards products that are not only functional but also aesthetically pleasing. The integration of filled thermoplastics allows for innovation in product design, meeting the growing demand for high-quality consumer goods that are both sustainable and efficient.

Product Type Analysis

Polyethylene is one of the most widely used thermoplastic polymers, renowned for its versatility and adaptability across diverse applications. Its primary forms, high-density polyethylene (HDPE) and low-density polyethylene (LDPE), cater to a wide spectrum of indust

Thermoplastics Market Outlook

As per our latest research, the global thermoplastics market size reached USD 335.7 billion in 2024, reflecting robust demand across multiple industries. The market is projected to grow at a CAGR of 5.2% during the forecast period, with the total market size expected to reach USD 529.2 billion by 2033. This remarkable growth is primarily driven by the increasing use of thermoplastics in packaging, automotive, and construction sectors, alongside technological advancements in polymer processing and recycling capabilities.

One of the critical growth factors fueling the thermoplastics market is the surging demand for lightweight and durable materials in the automotive and aerospace industries. Manufacturers are increasingly turning to thermoplastics to replace traditional metals and other heavier materials, as they offer significant weight reduction without compromising strength and performance. This shift not only aids in improving fuel efficiency and reducing emissions but also aligns with stringent regulatory standards regarding environmental sustainability. Furthermore, advancements in high-performance thermoplastic composites have expanded application possibilities, enabling their adoption in complex automotive components and structural parts.

Another significant driver is the exponential growth of the packaging industry, particularly in emerging economies. The rise of e-commerce, urbanization, and changing consumer lifestyles have heightened the demand for flexible and rigid packaging solutions. Thermoplastics, such as polyethylene and polypropylene, are extensively used due to their excellent barrier properties, versatility, and cost-effectiveness. Additionally, the push for sustainable and recyclable packaging materials has spurred innovation in biodegradable and bio-based thermoplastics, further propelling market growth. These trends are expected to persist, with packaging remaining the largest application segment for thermoplastics globally.

Technological advancements and investments in recycling infrastructure are also playing a pivotal role in the expansion of the thermoplastics market. The development of closed-loop recycling systems and chemical recycling processes has enabled the efficient recovery and reuse of thermoplastic materials, addressing growing concerns over plastic waste management. Governments and industry stakeholders are collaborating to establish circular economy models, which not only mitigate environmental impact but also provide economic benefits by reducing raw material costs. This focus on sustainability is expected to open new avenues for market participants and reinforce the long-term growth trajectory of the thermoplastics industry.

From a regional perspective, Asia Pacific continues to dominate the global thermoplastics market, accounting for the largest share in terms of production and consumption. Rapid industrialization, infrastructural development, and the presence of a robust manufacturing base in countries like China, India, and Southeast Asian nations have fueled regional growth. North America and Europe also represent significant markets, driven by technological innovation and stringent environmental regulations. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth due to increasing investments in construction and automotive sectors. Regional dynamics are further influenced by trade policies, raw material availability, and evolving consumer preferences, making the global thermoplastics market highly dynamic and competitive.

Product Type Analysis

The thermoplastics market is segmented by product type into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), polyethylene terephthalate (PET), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), and others. Polyethylene, both high-density (HDPE) and low-density (LDPE), remains the most widely used thermoplastic due to its versatility, chemical resistance, and cost-effectiveness. Its applications span from packaging films and containers to pipes and geomembranes. The continued expansion of the packag

BCC Research Market Report for thermoplastic prepreg is estimated to increase from $2.4 bln in 2021 to $3.5 bln by 2026, at a compound annual growth rate (CAGR) of 7.5%

Thermoplastic composites are projected to have a total market value of some ** billion U.S. dollars worldwide by 2024. The increasing market demand for thermoplastic composites is attributed to applications in the aerospace and defense, transportation, and consumer goods and electronics industries.

The forecast for the global Thermoplastics Materials market predicts substantial growth, with market size projected to soar to USD 818.99 Billion by 2033, a significant increase from the USD 500.25 Billion recorded in 2024. This expansion reflects an impressive compound annual growth rate (CAGR) of 5.63% anticipated between 2025 and 2033.

The Global Thermoplastics Materials market size to cross U

Thermoplastic composites were projected to have a market value of some **** billion U.S. dollars in 2024 in the Asia Pacific region. That made it the world's largest thermoplastic composites market at that time.

The Thermoplastic Market report segments the industry into Product Type (Commodity Thermoplastics, Engineering Thermoplastics, High-performance Engineering Thermoplastics, and more), End-User Industry (Packaging, Building and Construction, Automotive and Transportation, and more), and Geography (Asia-Pacific, North America, Europe, South America, and more).

Thermoplastics Market Outlook

The global thermoplastics market size was valued at approximately $450 billion in 2023, and it is projected to reach $690 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period. This robust growth is primarily driven by the increasing demand from various end-use industries, such as automotive, packaging, and construction, which are embracing thermoplastics for their versatility, durability, and cost-effectiveness. The rising trend of sustainability and recyclability in materials is also favoring thermoplastics due to their ability to be reshaped and reused, minimizing waste and promoting eco-friendly practices across industries.

One of the significant growth factors for the thermoplastics market is the automotive industry's shift towards lightweight materials to improve fuel efficiency and comply with stringent environmental regulations. Thermoplastics offer a lightweight alternative to metals and are increasingly used in manufacturing automotive components such as bumpers, dashboards, and fuel systems. The increasing penetration of electric vehicles, which require lighter components for enhanced range and performance, is further fueling the demand for thermoplastics. Additionally, advancements in material technology have led to the development of high-performance thermoplastic composites, opening new avenues for their application in aerospace and other high-stress environments.

The packaging industry is another major contributor to the growth of the thermoplastics market. With the rise of e-commerce and the increasing demand for convenience foods, there is a growing need for effective and reliable packaging solutions. Thermoplastics are favored in packaging due to their excellent barrier properties, flexibility, and ease of processing. The trend towards sustainable packaging is also driving innovations in biodegradable thermoplastics, which are gradually gaining traction as a viable alternative to traditional packaging materials. As the global packaging industry continues to expand, the demand for thermoplastics is expected to rise correspondingly.

Construction is another sector witnessing increased adoption of thermoplastics, driven by urbanization and infrastructure development worldwide. Thermoplastics are used in construction for pipes, fittings, window frames, and insulation materials due to their durability, resistance to corrosion, and ease of installation. The growing emphasis on green building practices and energy-efficient structures is encouraging the use of thermoplastics as they contribute to improved thermal insulation and reduced energy consumption. Furthermore, the versatility of thermoplastics allows architects and builders to innovate and incorporate unique designs in construction projects, further boosting their demand.

Regionally, Asia Pacific dominates the thermoplastics market, accounting for a significant share due to rapid industrialization, urbanization, and increasing disposable income in countries like China and India. The presence of a large number of end-use industries and favorable government policies for foreign investments are also contributing to the region's market growth. North America and Europe are following closely, driven by technological advancements and high demand from automotive and packaging sectors. The Middle East & Africa and Latin America regions are expected to witness moderate growth due to ongoing infrastructure projects and increasing industrial activities. The global shift towards sustainability and energy efficiency is likely to bolster the demand for thermoplastics across all regions.

Product Type Analysis

The thermoplastics market is segmented by product type into polyethylene, polypropylene, polyvinyl chloride, polystyrene, polyethylene terephthalate, and others. Polyethylene, being one of the most widely used plastics globally, dominates the market due to its versatility and applications ranging from packaging to pipes and containers. Its high impact resistance and flexibility make it suitable for a broad array of industries. Polyethylene is further categorized into high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE), each serving specific needs and applications.

Polypropylene follows closely as another widely used thermoplastic, known for its excellent chemical resistance and high melting point, making it ideal for applications that require sterilization, such as in the healthcare sector. Its popularity in the automotive industry, where it is used for making b

Thermosetting and Thermoplastics Market Outlook

The global thermosetting and thermoplastics market size was valued at approximately USD 600 billion in 2023 and is projected to reach around USD 900 billion by 2032, growing at a CAGR of 4.5% over the forecast period. The increasing demand for lightweight and high-performance materials across various industries, such as automotive, construction, and electronics, is a major driving force behind this growth. The versatility and wide range of applications of both thermosetting and thermoplastics have positioned them as critical materials in manufacturing sectors worldwide. Technological advancements and a shift towards sustainable and recyclable materials are also contributing significantly to the market's expansion.

The growth of the thermosetting and thermoplastics market is heavily influenced by the global trend towards reducing carbon emissions and improving energy efficiency. In the automotive industry, manufacturers are continuously seeking lighter materials to meet stringent fuel efficiency standards. Thermoplastics, known for their lightweight and recyclable properties, have emerged as a preferred choice for automotive components. Similarly, the construction industry is witnessing a shift towards materials that offer better insulation and strength, with thermosetting plastics playing a crucial role in this transition. The demand for durable and high-strength materials in infrastructure development across emerging economies further propels the market's growth.

Innovation in polymer technology is another significant factor spurring the growth of the thermosetting and thermoplastics market. With advancements in processing technologies, such as injection molding and extrusion, manufacturers can produce complex and high-precision components efficiently. These technologies have broadened the application scope of thermosetting and thermoplastics, especially in the electronics and healthcare sectors. In electronics, these materials are essential for producing components that require precision and durability, such as circuit boards and connectors. In healthcare, biocompatible thermoplastics are increasingly used in medical devices and equipment, driven by the need for high-performance materials that meet stringent regulatory standards.

Environmental concerns and regulatory policies promoting the use of sustainable materials are also driving growth in the thermosetting and thermoplastics market. The shift towards eco-friendly and recyclable materials is compelling manufacturers to focus on developing bio-based and degradable plastics. This trend aligns with global sustainability goals and is anticipated to open new opportunities for market expansion. Initiatives to reduce plastic waste and promote recycling are gaining traction, encouraging companies to innovate in the development of recyclable thermoplastics and biodegradable thermosetting plastics, thereby paving the way for a more sustainable future.

Thermoplastic Polymer Blends have gained significant attention in recent years due to their ability to combine the advantageous properties of different polymers, resulting in materials with enhanced performance characteristics. These blends offer a unique combination of flexibility, strength, and thermal stability, making them ideal for a wide range of applications across various industries. In the automotive sector, for instance, thermoplastic polymer blends are used to produce lightweight components that contribute to improved fuel efficiency and reduced emissions. The construction industry also benefits from these blends, utilizing them in applications that require materials with superior insulation and durability. As industries continue to seek innovative solutions to meet evolving performance and sustainability standards, the demand for thermoplastic polymer blends is expected to grow, driving further advancements in polymer technology.

Type Analysis

The thermosetting and thermoplastics market is segmented into thermosetting plastics and thermoplastics, each with distinct properties and applications. Thermosetting plastics, once cured, cannot be remelted, providing high thermal stability and structural integrity. They are extensively used in applications requiring high strength and durability, such as aerospace components, automotive parts, and construction materials. Their resistance to deformation under heat makes them ideal for high-temperature applications, contributing to their growing demand in industries that require

Thermoplastics Materials Market Outlook

The global thermoplastics materials market size was valued at approximately USD 450 billion in 2023 and is expected to reach around USD 750 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. This substantial growth can be attributed to the increasing demand for lightweight and durable materials across various industries. The versatility and recyclability of thermoplastics make them a preferred choice in several applications ranging from automotive to consumer goods. As industries continue to evolve, the need for innovative materials that can meet stringent environmental and performance standards will further propel the market for thermoplastics.

The market for thermoplastics is primarily driven by the surging demand in the automotive sector. As manufacturers strive to improve fuel efficiency and reduce emissions, the use of lightweight materials such as thermoplastics is becoming increasingly important. Thermoplastics offer superior strength-to-weight ratios, which are crucial for developing components that contribute to overall vehicle weight reduction. Furthermore, the ability to mold thermoplastics into complex shapes makes them ideal for automotive applications such as bumpers, dashboards, and interior panels. This shift towards lightweight materials is expected to continue, bolstering the growth of the thermoplastics market.

Another significant growth factor is the expanding packaging industry. The demand for thermoplastic materials in packaging is being driven by the rising consumer preference for sustainable and recyclable packaging options. With increasing awareness of the environmental impact of traditional packaging materials, businesses are seeking alternatives that are not only eco-friendly but also cost-effective. Thermoplastics, with their excellent barrier properties, flexibility, and ease of processing, are well-suited to meet these demands. The growth of e-commerce and the food and beverage industry further accelerates the need for innovative packaging solutions, thereby contributing to the market expansion.

In the construction industry, the adoption of thermoplastics is on the rise due to their durability and resistance to environmental factors. As urbanization continues at a rapid pace, there is a growing need for materials that can withstand harsh weather conditions and offer longevity. Thermoplastics are increasingly being used in applications such as piping, insulation, and roofing due to their superior properties. Moreover, advancements in processing technologies have enabled the development of thermoplastic composites that offer enhanced strength and aesthetics, further increasing their appeal in the construction sector.

Thermoplastic Synthetic Resin plays a pivotal role in the advancement of thermoplastics, offering unique properties that enhance their application across various industries. These resins are integral to the production of high-performance thermoplastic materials, providing the necessary flexibility and durability required in demanding environments. The development of thermoplastic synthetic resins has enabled manufacturers to create materials that not only meet but exceed the stringent standards set by industries such as automotive and construction. As the demand for lightweight and sustainable materials continues to rise, the role of thermoplastic synthetic resin becomes increasingly significant, driving innovation and growth within the thermoplastics market.

Regionally, the Asia Pacific region is anticipated to dominate the thermoplastics market during the forecast period. The region's rapid industrialization and growth in end-use industries such as automotive, electronics, and construction are key drivers of this trend. Countries like China, India, and Japan are witnessing significant investments in infrastructure and manufacturing, which in turn boosts the demand for thermoplastic materials. Additionally, favorable government policies promoting industrial growth and sustainability contribute to the robust expansion of the market in this region.

Product Type Analysis

Polyethylene (PE) is one of the most widely used thermoplastics and accounts for a significant share of the market. Its popularity is largely due to its versatility and affordability, making it suitable for a variety of applications. In the packaging industry, polyethylene is extensively used for producing films, bags, and container

Global Aerospace & Defense Thermoplastics Composites Market was valued at USD 1.11 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.07% through 2029.

Explore Market Research Intellect's Thermoplastics Materials Market Report, valued at USD 80 billion in 2024, with a projected market growth to USD 120 billion by 2033, and a CAGR of 5.5% from 2026 to 2033.

According to Cognitive Market Research, the global Thermoplastic Composites market size will be USD 23524.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 8704.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 85.46 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 5645.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 893.93 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 940.98 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 517.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2033.
Hybrid Resin type is the fastest growing segment of the Thermoplastic Composites industry

Market Dynamics of Thermoplastic Composites Market

Key Drivers for Thermoplastic Composites Market

Growing Demand from Aerospace & Automotive Industries to Boost Market Growth: The thermoplastic composites market is expanding due to the increasing demand from aerospace and automotive industries. These materials offer high strength-to-weight ratio, impact resistance, and corrosion resistance, making them ideal for structural components. In automotive manufacturing, thermoplastic composites help reduce vehicle weight, enhancing fuel efficiency and lowering carbon emissions to meet stringent regulations. In the aerospace sector, they replace traditional metals in aircraft interiors, fuselage, and wings, improving performance and fuel economy. Additionally, thermoplastics allow faster production cycles, reducing assembly time and costs. With rising adoption in electric vehicles (EVs) and lightweight aircraft, the demand for thermoplastic composites is expected to surge, driving market growth significantly. For instance, in April 2023, LANXESS AG launched a joint venture with Advent International focused on engineering materials, which began operations on April 1, 2023. DSM's Engineering Materials segment and LANXESS's former High-Performance Materials business joined forces to establish the new joint venture. LANXESS owns around 40% of the joint venture, while Advent International owns approximately 60%. Sustainability & Recycling Advantages To Boost Market Growth: Thermoplastic composites are gaining traction due to their recyclability and environmental benefits, addressing sustainability concerns in various industries. Unlike thermoset composites, thermoplastics can be re-melted and reshaped, reducing material waste and promoting a circular economy. Industries like automotive and aerospace are adopting these composites to meet stringent environmental regulations focused on reducing carbon footprints. Additionally, the shift toward bio-based and recycled thermoplastics is further boosting their market appeal. With increasing demand for eco-friendly and lightweight materials, thermoplastic composites are becoming the preferred choice for manufacturers looking to enhance product life cycle management and sustainability goals. These factors are significantly driving the market forward.

Restraint Factor for the Thermoplastic Composites Market

High Material & Processing Costs Will Limit Market Growth: The high cost of raw materials and complex processing methods significantly hinder the growth of the thermoplastic composites market. Advanced materials like carbon fiber-reinforced thermoplastics (CFRTPs) are expensive, limiting their widespread adoption, especially in cost-sensitive industries like construction and consumer goods. Additionally, specialized manuf...

This statistic shows the demand for thermoplastic polyurethane worldwide by end use in 2012 and 2017, with forecast figures for 2022. In 2017, the global demand for thermoplastic polyurethane from the footwear industry was some ** thousand tons, and it is forecasted to increase to ** thousand tons in 2022.

Global Thermoplastic Composite market size is expected to reach $28.97 billion by 2029 at 7.7%, rising electric vehicle demand drives surge in thermoplastic composites market

It is projected that the global production of thermoplastics will amount to 445.25 million metric tons in 2025. Annual production volumes are expected to continue rising in the following decades, rising to approximately 590 million metric tons by 2050. this would be an increase of more than 30 percent compared with 2025. Between 2010 and 2020, the global production of plastics has increased from 270 million metric tons to almost 370 million metric tons.

Gain in-depth insights into High Temperature Thermoplastics Market Report from Market Research Intellect, valued at USD 5.2 billion in 2024, and projected to grow to USD 8.9 billion by 2033 with a CAGR of 7.5% from 2026 to 2033.

The global high-performance thermoplastics market size was valued at USD 36.5 billion in 2018 and is anticipated to grow at a CAGR of 7.7% from 2019 to 2026.

The global thermoplastic market is experiencing robust growth, driven by increasing demand across diverse end-use industries. The market's Compound Annual Growth Rate (CAGR) exceeding 6% indicates a significant expansion trajectory projected from 2025 to 2033. Key drivers include the rising adoption of thermoplastics in lightweight automotive components, the booming construction sector's reliance on durable and versatile thermoplastic materials, and the expanding electronics industry's need for high-performance plastics. The packaging industry remains a major consumer, fueled by the growing preference for flexible and recyclable plastic packaging solutions. Significant growth is anticipated in regions like Asia-Pacific, particularly in China and India, owing to rapid industrialization and escalating infrastructure development. While the market faces some restraints like fluctuating raw material prices and environmental concerns related to plastic waste, innovative solutions such as biodegradable and recyclable thermoplastics are mitigating these challenges. The market segmentation reveals a substantial contribution from commodity thermoplastics like polyethylene (PE), polypropylene (PP), and PVC, which dominate packaging and construction applications. However, the engineering and high-performance thermoplastic segments are witnessing faster growth, driven by advanced applications in automotive, aerospace, and medical sectors. Major players like 3M, BASF, DuPont, and SABIC are actively investing in research and development to enhance material properties and expand their product portfolio, further shaping the market landscape. The thermoplastic market is characterized by intense competition among numerous global players, leading to innovation and price competitiveness. Market expansion is expected across all geographical segments, but with varied growth rates. North America and Europe will maintain significant market share, propelled by established manufacturing bases and robust demand from key industries. However, the Asia-Pacific region will likely exhibit the fastest growth rate during the forecast period due to its rapidly growing economies and expanding industrial sectors. The shift towards sustainable practices is driving the development of eco-friendly thermoplastic alternatives, creating new opportunities for manufacturers focusing on bio-based and recycled materials. This focus on sustainability, coupled with ongoing technological advancements, promises to further accelerate market growth and redefine industry dynamics in the coming years. Detailed analysis suggests a continuous expansion, with niche applications in specialized industries creating further growth points. Recent developments include: January 2023: SABIC announced that it will showcase its newest thermoplastic materials, known as EXTEM™ and ULTEM™ thermo-optical resins, well-suited for advanced optical components that support top industry trends, such as the migration to co-packaged optics and single-mode fiber optic systems at Photonics West 2023, at booth #5512., January 2022: Arkema announced a 25% increase in its global Pebax elastomer production capacity by investing in Serquigny in France. This investment will notably enable increased production of the bio-circular Pebax, Rnew, and traditional Pebax ranges.. Key drivers for this market are: Rapid Increase in Downstream Processing Capacity Additions, Growing Consumer Goods and Eelctronics Industries. Potential restraints include: Rapid Increase in Downstream Processing Capacity Additions, Growing Consumer Goods and Eelctronics Industries. Notable trends are: Increasing Demand from Automotive and Transportation.