Plastics use in the United States has grown substantially over the past four decades. Between 1980 and 2019, annual plastic use tripled, surpassing 84 million metric tons in the latter year. During this period, plastic use experienced a notable reduction in 2008 during the global financial crisis. The COVID-19 pandemic is believed to have had a similar impact on U.S. plastic consumption, with projections showing a year-over-year drop of four percent in 2020. Nevertheless, plastics use is projected to rebound and continue rising over the coming decades.

Plastic use in the United States was projected to have fallen **** percent in 2020 relative to 2019, to **** million tons. Nevertheless, this figure is projected to double by 2060, to *** million metric tons. This would account for approximately ** percent of projected global plastics use that year.

According to Cognitive Market Research, the global Plastics And Polymers market size is USD 614514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 245805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 184354.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 141338.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 30725.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 12290.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Nylon held the highest Plastics And Polymers market revenue share in 2024.

Market Dynamics of Plastics And Polymers Market

Key Drivers for Plastics And Polymers Market

High demand for plastics in packaging to Increase the Demand Globally

High demand for plastics in packaging drives the Plastics and Polymers Market due to several key factors. Plastics offer superior properties such as lightweight, durability, flexibility, and cost-effectiveness, making them ideal for packaging applications. The rise in e-commerce and changing consumer lifestyles increase the need for efficient, protective packaging solutions, further boosting demand. Plastics also provide excellent barrier properties, protecting products from moisture, contamination, and damage, which is crucial for food and beverage packaging. Additionally, advancements in plastic technologies, including biodegradable and recyclable plastics, align with growing environmental concerns, promoting their use. As companies and consumers seek sustainable packaging options, the demand for innovative plastic materials in packaging continues to grow, driving the overall market expansion.

Restraint Factor for the Plastics And Polymers Market

High Initial Investment Cost to Limit the Sales

High initial costs are restraining the Plastics and Polymers Market due to several factors. Developing and implementing new polymer technologies, such as biodegradable plastics and high-performance composites, require significant investment in research and development. Additionally, setting up advanced manufacturing facilities and acquiring specialized equipment contribute to these costs. For businesses, the transition to new materials and processes can be financially challenging, especially for small and medium-sized enterprises (SMEs). These initial expenses can also lead to higher product prices, potentially reducing market competitiveness and consumer adoption. Furthermore, the high costs of raw materials and energy-intensive production processes add to the overall expense, making it difficult for manufacturers to achieve economies of scale. As a result, these financial barriers can slow down the market's growth and widespread adoption of innovative plastic and polymer solutions.

Opportunity for the Plastics And Polymers Market

Growing use of polymers in automotive components to Propel Market Growth

The growing use of polymers in automotive components is an opportunity for the Plastics and Polymers Market due to their ability to significantly reduce vehicle weight, enhancing fuel efficiency and reducing emissions. Polymers provide excellent strength-to-weight ratios, corrosion resistance, and design flexibility, making them ideal for various automotive parts such as interior panels, bumpers, and under-the-hood components. The push for electric vehicles (EVs) further amplifies this demand, as lightweight materials are crucial for extending battery life and performance. Additionally, advanced polymer composites offer superior performance characteristics, such as impact resistance and durability, which improve vehicle safety and longevity. As automotive manufacturers strive to meet stringent environmental regulations and consumer demand for efficient vehicles, ...

United States biodegradable polymer demand stood at 225.81 Thousand Tonnes in 2020 and is forecast to reach 389.91 Thousand Tonnes by 2030,

Discover the latest trends in the acrylic polymers market in the United States, as demand continues to rise. Learn about the projected growth in market volume to 4M tons and market value to $15.5B by 2035.

North America Biodegradable polymer market demand stood at 0.27 Million Tonnes in 2020 and is forecast to reach 0.415 Million Tonnes by 2030.

The U.S. Smart Polymers Market size was valued at USD 1.18 USD Billion in 2023 and is projected to reach USD 2.88 USD Billion by 2032, exhibiting a CAGR of 13.6 % during the forecast period. In the U. S. market technological path leading to important smart polymers being sensitive to circumstances is rapidly developing. These nanoparticles are flexible with temperature, pH, and light, differentiating them from traditional methods. Therefore, the nanoparticles are integral to industry. Applications include therapeutics, organ repair and growth, diagnostics, and biotechnology. Well-known subsets may include shape memory (SM), self-healing, and hydrogels. Synthesis techniques which undergo a permanent improvement will always create new useful types. Their employment ensures high efficiency, and minimal waste, and facilitates effective and precise drug delivery with the desirable result of improved effectiveness and an environmentally sanitized lifestyle. As the market for smart polymers in the U. S. continues its research and innovation, there shall be more opportunities for the use of these smart materials across diverse sectors. Recent developments include: February 2022: DuPont announced its agreement with Celanese Corporation for the engineering polymer business. The purpose of the agreement was revenue maximization., August 2022: Nouryon announced an agreement with Brenntag Specialties for the distribution of polymers in the U.S. and Canada.. Key drivers for this market are: Expansion of the Biotechnology & Medicine Industry in the Country to Boost Market Growth. Potential restraints include: Prominent Regulations on the Plastic Products to Hinder Market Growth. Notable trends are: Increasing Consumption of Smart Polymers from the Automotive Industry is the Prominent Trend in the Country.

Plastic and resin manufacturers are experiencing transformation driven by regulatory pressures and an increasing focus on sustainable practices. New regulations to reduce plastic waste and enhance recycling rates are compelling manufacturers to adopt circular economy models. This shift is essential as companies strive to meet both regulatory requirements and consumer expectations for eco-friendly products. Companies, such as Dow Chemical and LyondellBasell, are responding by developing recycled and reusable products, which both address regulatory demands and position them favorably in the market. Simultaneously, demand for lightweight materials in sectors like automotive and aviation is expanding. These sectors are increasingly opting for advanced resins, such as carbon fiber-reinforced polymers (CFRP), due to their superior strength-to-weight ratios. This demand is driving research and development investments to create high-performance materials that meet industry-specific needs. As companies innovate to keep pace with these trends, they also navigate regulatory changes and cost implications, along with volatility in input costs and shifts in economic growth patterns. Despite experiencing 1.8% CAGR growth during the current period, with revenue reaching $110.4 billion, elevated volatility in commodity prices has contributed to severe revenue fluctuations. In 2025 alone, revenue is projected to decline 2.8%, driven by a combination of cost and demand factors. Looking forward, the ability to sustain market share in foreign markets and domestic economic expansion are pivotal for the industry's future success. Revenue is projected to hike at a CAGR of 0.6% to $14.0 billion by 2030, highlighting the need for a global outreach strategy. However, navigating tariffs remains a challenge, as they can affect trade dynamics and market access. A weaker US dollar may provide some relief by enhancing export competitiveness. Domestically, increased demand in the construction and automotive sectors will support the need for plastic and resin materials. Additionally, manufacturers will increasingly invest in low-emission technologies and sustainability-driven innovations, balancing adaptation costs with the need to maintain profitability and leadership in a rapidly evolving market landscape.

The U.S. Plastics Market size was valued at USD 61.91 USD Billion in 2023 and is projected to reach USD 82.57 USD Billion by 2032, exhibiting a CAGR of 4.2 % during the forecast period. The U.S. Plastics Market involves plastic manufacturers and plastics converters, such as companies making products like resins, fibers, and adhesives. Plastics, to a greater extent, are used especially for their varied attributes such as hardness, lightness, and molding potential. They have a wide range of uses in these industries as an additive in packaging materials, construction materials, automotive parts, electronic products, medical devices, and consumer goods as well. The applications are varied such as the internal use of the material additive in plastic bottles, packaging films, pipes, automotive parts, electronic cases, and medical devices among others. The trend in the market is the rising demand for plastic materials that are sustainable and recyclable, and driven by environmental issues, and regulatory initiatives to reduce plastic pollution. Furthermore, compostable bioplastic and biobased polymer are emerging as alternatives for widely used non-degradable petroleum-based plastics. Materials science and recycling technology innovations continuously underpin the U.S. plastic industry's drive to be more environmentally friendly and recycled-based. Recent developments include: April 2023: LyondellBasell announced the utilization of its renewable CirculenRenew polymer in the medical device industry. This bio-plastic grade is certified by ISCC PLUS and provides a certificate of mass balance, enabling the adoption of bio-based raw materials into final products., April 2022: ExxonMobil launched Exceed S, a Performance Polyethylene (PE) resin designed to offer toughness and stiffness while being easy to process. The new PE is expected to provide the company with lucrative opportunities to simplify film designs and formulations, enhance conversion efficiency, and improve packaging durability and film performance compared to its competitors.. Key drivers for this market are: Rising Demand from Pharmaceutical Industry to Fuel Market Growth. Potential restraints include: Imposed Regulations on Product Usage May Hinder Market Growth. Notable trends are: Rising Demand for Safe Beauty and Personal Care Products to Offer New Market Growth Opportunities.

The worldwide production of plastics reached 413.8 million metric tons in 2023. The versatility of this group of materials accounts for the continued growth in production year after year. In tandem with that growth, the market value of plastics also continues to grow. What plastics are and how they are made Plastics are used in a wide variety of products and have displaced other materials – such as wood, metal, and glass – that were previously used for the applications that plastics now dominate. One of the main applications for plastics use is plastic packaging. The production of plastic requires four basic steps: the acquirement of raw material, synthesizing a basic polymer, compounding the polymer into a usable fraction, and lastly, molding or shaping the plastic. Leading plastic producers Asia was the largest plastics producer in the world in 2023. That year, the country accounted for 33 percent of global production. Over recent years, China produced an average of approximately nine million metric tons of plastic products each month. The rest of Asia ranks second worldwide in terms of plastic production, with a share of 19 percent in 2023.

The North America Acrylic Polymer and Acrylic Co-Polymers Market was valued at USD 312.31 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.26% by 2029.

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Market Size	2023: USD 312.31 Million
Forecast Market Size	2029: USD 425.75 Million
CAGR	2024-2029: 5.26%
Fastest Growing Segment	Polymethyl Methacrylate
Largest Market	United States
Key Players	1. Dow Inc. 2. H.B. Fuller Company 3. Gellner Industrial LLC 4. Ashland Global Holdings Inc. 5. The Lubrizol Corporation 6. Entec Polymers LLC

Worldwide revenue from the super absorbent polymer market is projected to reach US$ 9.03 billion by the end of 2034, up from US$ 6.4 billion in 2024. The market has been evaluated to expand at a CAGR of 3.5% from 2024 to 2034.

Report Attribute	Detail
Super Absorbent Polymer Market Size (2024E)	US$ 6.4 Billion
Projected Market Value (2034F)	US$ 9.03 Billion
Global Market Growth Rate (2024 to 2034)	3.5% CAGR
China Market Value (2034F)	US$ 1.37 Billion
Canada Market Growth Rate (2024 to 2034)	1.9% CAGR
North America Market Share (2024E)	12.5%
East Asia Market Value (2034F)	US$ 2.43 Billion
Key Companies Profiled	BASF SE; Chase Corp.; Chemtex Speciality Limited; Evonik Industries AG; Gel Frost Packs Kalyani Enterprises; LG Chem; Nippon Shokubai Co. Ltd.; Sanyo Chemical Industries Ltd.; Songwon.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 572.3 Million
Growth Rate (2024 to 2034)	3.4% CAGR
Projected Value (2034F)	US$ 801.1 Million

Attribute	China
Market Value (2024E)	US$ 951.3 Million
Growth Rate (2024 to 2034)	3.7% CAGR
Projected Value (2034F)	US$ 1.37 Billion

Category-wise Insights

Attribute	Petroleum-Based
Segment Value (2024E)	US$ 4.28 Billion
Growth Rate (2024 to 2034)	2.8% CAGR
Projected Value (2034F)	US$ 5.64 Billion

Attribute	Agriculture
Segment Value (2024E)	US$ 2.4 Billion
Growth Rate (2024 to 2034)	3.4% CAGR
Projected Value (2034F)	US$ 3.37 Billion

The U.S. Emulsion Polymer Market size was valued at USD 4.28 billion in 2023 and is projected to reach USD 6.18 billion by 2032, exhibiting a CAGR of 5.4 % during the forecasts period. This robust growth is attributed to the growing demand for paints, coatings, and adhesives in various industries such as automotive, construction, and packaging. The U.S. emulsion polymer market is witnessing significant growth, driven by increasing demand from various end-use industries such as paints and coatings, adhesives, textiles, and paper. Emulsion polymers are favored for their environmental benefits, including low VOC emissions and water-based formulations. Innovations in product development, coupled with stringent environmental regulations, are propelling market expansion. Recent developments include: In February 2024, Mallard Creek Polymers announced the launch of Tykote 6161, an all-acrylic water-based emulsion that can offer high barriers to grease and oil at both room and elevated temperatures and provides excellent water resistance properties. This product has a huge scope of application in the food packaging sector. , In June 2023, Arkema Group announced the acquisition of Glenwood Private to develop ultra-high performance polymers to strengthen Arkema’s advanced materials segment’s portfolio. .

The size of the North America Polymer Emulsion Market market was valued at USD 28.25 Million in 2023 and is projected to reach USD 45.25 Million by 2032, with an expected CAGR of 5.00">> 5.00% during the forecast period. This growth is attributed to the rising demand for polymer emulsions in various end-use applications, such as paints and coatings, adhesives, and paper and paperboard coatings. Government initiatives promoting sustainable practices and increasing environmental concerns are also driving the adoption of polymer emulsions as they offer eco-friendly alternatives to traditional materials. Key players in the market are investing in research and development to enhance the performance and functionality of polymer emulsions, which is further contributing to the market's growth. Key drivers for this market are: , Growing Awareness with Regard to Volatile Organic Compound (VOC); Increasing Demand from Various End-user Industries in the United States; Other Drivers. Potential restraints include: , Availability of Substitutes; Stringent Regulations on Butadiene. Notable trends are: Increasing Demand from Paints and Coatings.

Discover the latest trends in the United States acrylic polymers market, projected to continue its upward consumption trend over the next decade. By 2035, the market volume is expected to reach 3.9M tons, with a value of $15B.

United states polymer concrete market by type (epoxy, methyl methacrylate, polyester and others), by component (polymer, portland cements, aggregates, colorants, others). Market is expected to grow at a steady rate during the forecast period 2025. United states polymer concrete industry analysis by TechSci Research provides deep market insight that will help your business to grow.

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

North America Super Absorbent Polymer Market size was valued at USD 2.05 Billion in 2024 and is projected to reach USD 3.10 Billion by 2031, growing at a CAGR of 5.30% from 2024 to 2031.

North America Super Absorbent Polymer Market Drivers

Growing Demand for Hygiene Products: A major driver is the increasing demand for disposable hygiene products like baby diapers, adult incontinence products, and feminine hygiene products. SAPs are essential components in these products due to their superior absorption and retention capabilities. Aging Population: The aging population in North America is contributing to the rising demand for adult incontinence products, which in turn drives the consumption of SAPs. Advancements in Agriculture: SAPs are increasingly used in agriculture to improve water retention in soil, leading to more efficient irrigation and increased crop yields, especially in water-scarce regions. Industrial Applications: SAPs find applications in various industrial sectors, including water treatment, construction, and packaging, further fueling market growth. Rising Awareness of Hygiene and Sanitation: Growing awareness of personal hygiene and sanitation, coupled with increasing disposable incomes, is driving the demand for hygiene products containing SAPs.

The US Polymer Concrete Market size was valued at USD 100.0 USD Million in 2023 and is projected to reach USD 136.09 USD Million by 2032, exhibiting a CAGR of 4.5 % during the forecast period. Polymer concrete, a composite material, refers to the incorporation of polymer resin instead of traditional cement aggregates. It has a unique chemical structure that prolongs its life cycle, resists corrosion, and provides the much-needed strength that conforms to a variety of uses. Two primary types exist: As previously discussed, polymer-modified concrete (PMC) and polymer-impregnated concrete (PIC). PMC modifies polymer additives to the rigid conventional concrete mix enhancing its properties whereas, PIC enlarges polymers into the concrete structures to enhance the structure's strength. Polymer concrete is widely used in diverse structures such as Bridge decks, Industrial floors, and marine applications since it is practically airtight. These make it one of the most durable and able to resist chemical attacks and other unfriendly conditions such as those found in sewage systems, wastewater treatment plants etc. The ability to be handled with ease and installed also means that the material is lighter, and this affords the construction industry the advantage of faster to constructing more structures in less time hence saving money. Recent developments include: November 2023: Sika AG expanded concrete admixtures production capacity in the U.S. Polymers that act as a chemical building block are used to manufacture Sika ViscoCrete, resource saving and high-performance concrete admixture. The company expanded in response to growing demand for concrete admixture in the U.S. and Canada., May 2019: Sika AG acquired Parex, a leading provider of mortar and specialty construction products, to strengthen its position in the U.S. construction market.. Key drivers for this market are: Increasing Product Demand from Sustainable Construction Practices to Boost Market Growth. Potential restraints include: Cost Barriers and Awareness Gaps May Hamper Product Demand, Hindering Market Growth. Notable trends are: Surging Interest in Polymer Concrete in Rehabilitation Initiatives to Serve as a Market Trend.

Smart Polymer Market Outlook

As of 2023, the global smart polymer market size was valued at approximately USD 2.5 billion, and it is projected to reach USD 6.7 billion by 2032, exhibiting a CAGR of 11.5% during the forecast period. This significant growth can be attributed to several factors including advancements in material science, the growing demand for innovative medical treatments, and the increasing integration of smart polymers in various industrial applications.

The growth of the smart polymer market is propelled by the exponential rise in research and development activities. Universities and private research organizations are investing heavily in the development of new smart polymer materials with enhanced properties. These investments are aimed at creating polymers that can respond to environmental changes such as temperature, pH, and light, thereby expanding their applications across various industries. Furthermore, the collaboration between academic institutions and industrial players is fostering innovation and accelerating the commercialization of smart polymers.

Another significant growth factor is the burgeoning healthcare sector, which is increasingly adopting smart polymers for biomedical applications. Smart polymers are being used in drug delivery systems, tissue engineering, and medical devices due to their biocompatibility and ability to respond to physiological stimuli. The aging global population and the rising prevalence of chronic diseases are driving the demand for advanced medical treatments, thereby boosting the smart polymer market. Additionally, the advent of personalized medicine is further amplifying the need for smart polymers that can offer tailored therapeutic solutions.

Advancements in the automotive and electronics industries also contribute to the market's growth. Smart polymers are being employed in the automotive industry for applications such as self-healing coatings and lightweight components, which enhance fuel efficiency and reduce maintenance costs. In the electronics industry, smart polymers are used in flexible electronics, sensors, and actuators, providing innovative solutions for consumer electronics and smart devices. The trend towards miniaturization and the growing demand for wearable technology are further driving the adoption of smart polymers in the electronics sector.

Regionally, the Asia Pacific region is expected to witness significant growth in the smart polymer market. This growth is driven by the rapid industrialization and increasing investments in research and development activities in countries such as China, Japan, and South Korea. Additionally, the growing healthcare infrastructure and the rising adoption of advanced medical technologies in the region are fueling the demand for smart polymers. North America and Europe are also substantial markets, with a strong focus on innovation and the presence of established players in the smart polymer industry. The Middle East & Africa and Latin America, while currently smaller markets, are expected to grow steadily owing to increasing industrial activities and improving healthcare facilities.

Type Analysis

Smart polymers are classified into several types, each with unique properties and applications. Shape memory polymers, a prominent category, have the ability to return to their original shape after deformation when exposed to external stimuli such as temperature changes. These polymers are widely used in medical devices, such as stents and sutures, due to their biocompatibility and flexibility. Additionally, shape memory polymers find applications in the automotive industry for creating adaptive materials that improve vehicle performance and safety.

Electroactive polymers, another significant type, respond to electrical stimuli, making them suitable for applications in actuators, sensors, and artificial muscles. These polymers are highly valued in the electronics industry for their ability to convert electrical energy into mechanical movement. The ongoing development of flexible and wearable electronics is further driving the demand for electroactive polymers. Their application in robotics, where they can mimic the movement of natural muscles, is also gaining traction, offering innovative solutions for soft robotics and medical prosthetics.

Self-healing polymers are designed to repair themselves when damaged, which extends the lifespan of products and reduces maintenance costs. These polymers are increasingly used in the automotive and construction industries for coatings and materials that can autonomousl

Plastics are useful and beneficial materials that contribute to an improved quality of life, yet they generate significant solid wastes and emissions and consume significant energy resources. Systems analysis is incomplete on current linear production systems of plastics supply chains and their associated processes. Our study combines material flow and life cycle assessment data sets of polyethylene terephthalate (PET) and the main polyolefin polymers in the United States, comprising over 70% of plastics flows. This study estimates the total greenhouse gas (GHG) emissions and energy consumption of these supply chains, including transportation and end-of-life processes, lacking in prior studies. We calculate annual GHG emissions and energy consumption of these plastic supply chains to be 101 MMT CO2-eq and 3248 PJ in 2019, respectively. The GHG emissions of these supply chains represented 1.5% of the total U.S. emissions and 5% of the total U.S. industry-related GHG emissions. The total energy consumption of these supply chains represented 3.1% of the total U.S. energy consumption in 2019. Transportation of PET and polyolefin plastic materials contributes 5% and 2% to the total supply chain GHG emissions and energy consumption, respectively. This baseline study provides a benchmark and enables a comparison to future circular production systems for plastics in the United States.