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  • Algeria
    Europe’s unforced errors in the Maghreb

    Europe’s unforced errors in the Maghreb

    Algeria: Heatwave forecast across central and northeastern regions through at least July 2

    Algeria: Postal workers on strike as of Jan. 29

    Algeria tenders to buy nominal 50000 tonnes durum wheat -traders – Nasdaq

    Pan African Parliament president Charumbira in Algeria

    Pan African Parliament president Charumbira in Algeria

    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

    Iran, Nigeria set up joint sci-tech working group

    Iran, Nigeria set up joint sci-tech working group

  • Egypt
    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

    India and Egypt Expand Space Cooperation through a Strategic Partnership

    India and Egypt Expand Space Cooperation through a Strategic Partnership

    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

    Egypt efforts to modernise aircraft inventory to drive defence expenditure

    Egypt efforts to modernise aircraft inventory to drive defence expenditure

    Is now the right time for Egypt's government IPOs? – Daily News Egypt

    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Libya
    Ministry of Economy convenes meeting on food and drug security

    Ministry of Economy convenes meeting on food and drug security

    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

    Libya, Italy sign agreements to enhance cooperation

    Eni signs $8bn gas deal with Libya amid political unrest

    Eni signs $8bn gas deal with Libya amid political unrest

    Arab states boycott regional meeting in divided Libyan capital – World

    Arab states boycott regional meeting in divided Libyan capital – World

    Libya: Heightened security, disruptions likely as of early June 11 following clashes between armed groups in Tripoli

    Libya: Clashes erupted at Tripoli International Airport between militias aligned with Government of National Unity early Jan. 19

    Trending Tags

    • Morocco
      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

      Africa IVD Market to be Worth $1.78 Billion by 2029

      Africa IVD Market to be Worth $1.78 Billion by 2029

      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

      Fifty local elected officials from the Oriental region trained in territorial coaching

      Fifty local elected officials from the Oriental region trained in territorial coaching

      Global Morocco Cosmetics Market Size, Share, Movements By Trend Analysis, Growth Status, Revenue Analysis To 2028

      Trending Tags

      • South Sudan
        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

        South Sudan president directs payment of UN membership arrears – Sudan Tribune

        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

        South Sudan President’s Video | Nation/World

        South Sudan President’s Video | Nation/World

        Is South Sudan the next major migration movement in the making?

        Is South Sudan the next major migration movement in the making?

        11 killed in South Darfur attacks says state government

        11 killed in South Darfur attacks says state government

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        • Sudan
          Gives on the Go is the space for helping business owners with business credit and financing.

          Gives on the Go is the space for helping business owners with business credit and financing.

          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

          The Indonesian Ambassador to Khartoum Received a Visit from the Jambi Student Association

          The Indonesian Embassy in Khartoum Supports the Graduation Ceremony of Indonesian Students in Sudan

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          • Tunisia
            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

            Gunmen kill eight at birthday party in South Africa-Police

            Gunmen kill eight at birthday party in South Africa-Police

            IoT In Banking & Financial Services Market to See Booming Growth

            Another uprising is in the making in Tunisia | Opinions

            Another uprising is in the making in Tunisia | Opinions

            Algeria opens doors to tourists, visa on arrival plan – Arabian Business

            Algeria Takes New Measures to Boost Desert Tourism

            Algeria Takes New Measures to Boost Desert Tourism

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            • North Africa
              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

              Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

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              • Middle east
                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

                Youth Artists Across the World Called to get Creative for Wildlife

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                • Press releases

                  UHT Processing Market Statistics, Growth, Trends & Forecasts

                  Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

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                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

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                  Fiber Cement Market – Potential Opportunities and Company Analysis

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                  • Algeria
                    Europe’s unforced errors in the Maghreb

                    Europe’s unforced errors in the Maghreb

                    Algeria: Heatwave forecast across central and northeastern regions through at least July 2

                    Algeria: Postal workers on strike as of Jan. 29

                    Algeria tenders to buy nominal 50000 tonnes durum wheat -traders – Nasdaq

                    Pan African Parliament president Charumbira in Algeria

                    Pan African Parliament president Charumbira in Algeria

                    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

                    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

                    Iran, Nigeria set up joint sci-tech working group

                    Iran, Nigeria set up joint sci-tech working group

                  • Egypt
                    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

                    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

                    India and Egypt Expand Space Cooperation through a Strategic Partnership

                    India and Egypt Expand Space Cooperation through a Strategic Partnership

                    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

                    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

                    Egypt efforts to modernise aircraft inventory to drive defence expenditure

                    Egypt efforts to modernise aircraft inventory to drive defence expenditure

                    Is now the right time for Egypt's government IPOs? – Daily News Egypt

                    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

                    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

                    Trending Tags

                    • Commentary
                    • Featured
                    • Event
                    • Editorial
                  • Libya
                    Ministry of Economy convenes meeting on food and drug security

                    Ministry of Economy convenes meeting on food and drug security

                    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

                    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

                    Libya, Italy sign agreements to enhance cooperation

                    Eni signs $8bn gas deal with Libya amid political unrest

                    Eni signs $8bn gas deal with Libya amid political unrest

                    Arab states boycott regional meeting in divided Libyan capital – World

                    Arab states boycott regional meeting in divided Libyan capital – World

                    Libya: Heightened security, disruptions likely as of early June 11 following clashes between armed groups in Tripoli

                    Libya: Clashes erupted at Tripoli International Airport between militias aligned with Government of National Unity early Jan. 19

                    Trending Tags

                    • Morocco
                      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

                      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

                      Africa IVD Market to be Worth $1.78 Billion by 2029

                      Africa IVD Market to be Worth $1.78 Billion by 2029

                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

                      Fifty local elected officials from the Oriental region trained in territorial coaching

                      Fifty local elected officials from the Oriental region trained in territorial coaching

                      Global Morocco Cosmetics Market Size, Share, Movements By Trend Analysis, Growth Status, Revenue Analysis To 2028

                      Trending Tags

                      • South Sudan
                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

                        South Sudan president directs payment of UN membership arrears – Sudan Tribune

                        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

                        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

                        South Sudan President’s Video | Nation/World

                        South Sudan President’s Video | Nation/World

                        Is South Sudan the next major migration movement in the making?

                        Is South Sudan the next major migration movement in the making?

                        11 killed in South Darfur attacks says state government

                        11 killed in South Darfur attacks says state government

                        Trending Tags

                        • Sudan
                          Gives on the Go is the space for helping business owners with business credit and financing.

                          Gives on the Go is the space for helping business owners with business credit and financing.

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

                          The Indonesian Ambassador to Khartoum Received a Visit from the Jambi Student Association

                          The Indonesian Embassy in Khartoum Supports the Graduation Ceremony of Indonesian Students in Sudan

                          Trending Tags

                          • Tunisia
                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

                            Gunmen kill eight at birthday party in South Africa-Police

                            Gunmen kill eight at birthday party in South Africa-Police

                            IoT In Banking & Financial Services Market to See Booming Growth

                            Another uprising is in the making in Tunisia | Opinions

                            Another uprising is in the making in Tunisia | Opinions

                            Algeria opens doors to tourists, visa on arrival plan – Arabian Business

                            Algeria Takes New Measures to Boost Desert Tourism

                            Algeria Takes New Measures to Boost Desert Tourism

                            Trending Tags

                            • North Africa
                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              Trending Tags

                              • Middle east
                                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

                                Youth Artists Across the World Called to get Creative for Wildlife

                                Trending Tags

                                • Press releases

                                  UHT Processing Market Statistics, Growth, Trends & Forecasts

                                  Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

                                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

                                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

                                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

                                  Data Center Power Market Projected to Gain $26.1 billion by 2025

                                  Fiber Cement Market – Potential Opportunities and Company Analysis

                                  Fiber Cement Market – Potential Opportunities and Company Analysis

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                                  Home Press Releases

                                  Thermoplastics Market Size Forecast to Reach $33.8 Billion by 2026

                                  admin by admin
                                  February 10, 2022
                                  in Press Releases
                                  Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
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                                  (EMAILWIRE.COM, February 10, 2022 ) Thermoplastics Market size is forecast to reach US$33.8 billion by 2026, after growing at a CAGR of 6.4% during 2021-2026. Thermoplastic or thermo softening plastic, are a class of polymers that can be softened and melted by the application of heat, and can be processed either in the heat-softened state or in the liquid state by extrusion and injection molding. Thermoplastics market is growing as Engineering Thermoplastics such as the polyamides, polyesters, polycarbonate, polyacetals and acrylonitrile-butadiene-styrene (ABS) are extensively used in automotive, electronics and other industrial sectors. Thermoplastic composites have a number of characteristics, including low weight, high strength, a weather-resistant finish, and a variety of surface textures. As a result, demand for thermoplastic composites in the aerospace industry is expected to increase at a rapid rate and substantially during growing during the forecast period.

                                  COVID-19 Impact

                                  Currently, due to the COVID-19 pandemic, the lockdown restriction, the supply chain was disrupted, restriction was imposed on cross border import, as a result the global demand for polyethylene and polypropylene, which has been steady in Thermoplastic Market for the last 25 years, has decreased in 2020. The automobile industry is feeling the lack of demand for plastic, with sales considerably lower than the level before restrictions were introduced. Most notably, food packaging has seen a huge rise in demand as a result of panic buying, contamination fears, and longer transport times. Single-use plastics have also seen a rise, again due to their reduced risk of cross-contamination. Items such as disposable cups, straws, and stirrers which were all set to start being phased out have come back into popularity over the last year. Single-use plastic for PPE(Personal Protective Equipment) has also been in high demand for the frontline workers during covid-19 Pandemic. Thus the market is growing steadily instead of the small economic disruption.

                                  Thermoplastics Market Segment Analysis – By Type

                                  The Polyethylene segment held the largest share of 33% in the Thermoplastics Market in 2020. Polyethylene is a lightweight, durable thermoplastic with a variable crystalline structure. It is one of the most widely produced plastics in the world with 10 million tons are produced worldwide each year. Polyethylene is used in applications ranging for films, tubes, plastic parts, laminates, and in several markets such as packaging, automotive, electrical and others. Polyethylene comes in two types,high density and low density. High Density Polyethylene is used in several packaging applications including crates, trays, bottles for milk and fruit juices, caps for food packaging, jerry cans, drums, industrial bulk containers. In such applications High Density Polyethylene (HDPE) provides the end product a reasonable impact strength. Low-Density Polyethylene (LDPE) uses majorly revolve around manufacturing containers, dispensing bottles, wash bottles, tubing, plastic bags for computer components, and various molded laboratory equipment. The most popular application of low-density polyethylene is plastic bags. Other applications include consumer goods – housewares, flexible toys, agricultural films, wiring & cables – sub-conductor insulators, cable jacketing. Thus the Thermoplastics are expected to dominate the market owing to the vast usage in different products during the forecast period.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=503156

                                  Report Price: $ 4500 (Single User License)

                                  Thermoplastics Market Segment Analysis – By Application

                                  Packaging films segment held the largest share of 30% in Thermoplastics Market in 2020. Thermoplastic has various applications such as packaging, medical devices, aircraft component and others. More than 50% of all goods are packaged in plastics, which is 17% of all packaging weights. Furthermore, this weight has been reduced by 28% over the past 10 years. Lightweight packaging will reduce the number of trucks needed to ship the products in addition to helping reduce transportation energy, decrease emissions, and lower shipping costs. It also helps to reduce the amount of waste generated. The use of Thermoplastics in medical devices is endless. It gives high-performance TPEs (Thermoplastic Elastomers) for syringes, high barrier resistance properties, seals, vial caps, and soft touch cushions for glucose-measuring devices. The soft Thermoplastics feature very low levels of extraction. It is FDA (Food and Drug Administration) compliant, easy to sterilize, and free of latex and PVC (Polyvinyl Chloride). It offers excellent sealing performance, is cost effective, and easy to recycle, and it features excellent over mold adhesion to a wide range. Thermoplastics are used in almost every big core industry, which contributes to increased business growth.

                                  Thermoplastics Market Segment Analysis – By End-Use Industry

                                  Automotive and Transpiration segment held the largest share in the Thermoplastics market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. TPU (Thermoplastic Polyurethane) usage in the automotive sector, especially with the increasing demand in the electric vehicle segment, including tubing and interior parts, as well as complex materials under the bonnet. There is also potential for complex 3D printed parts for the automotive industry. Modern aircraft and spacecraft are manufactured from a wide range of materials for greater aircraft performance by using the engineering thermoplastics. Due to the low specific gravity of Thermoplastics it will have half of the density of aluminum and one-sixth of the density of steel. When fillers such as glass or carbon fbers are used, plastics can achieve relatively high modulus, and the combination of high stiffness and light weight results in a high specidic modulus. This is beneficial for aerospace applications because low weight tends to result in fuel efficiency. Many military and civilian aircraft canopies are now manufactured from acrylic or polycarbonate plastics, which are lighter than glass and have many times the impact strength of glass. The interiors of aircraft are often subject to impact as travellers manipulate carry-on luggage, and high-toughness plastics, such as KYDEX Thermoplastic Sheet, are robust enough to stand up to these conditions. Semi-crystalline engineering thermoplastic accounts for around 53% of the global sales volume, utilized mainly by end-use industries in Europe. Focus across these regions on the aerospace and defense and Automotive industries is projected to fuel the growth of the global Thermoplastics market over the forecast market.

                                  Thermoplastics Market Segment Analysis – By Geography

                                  Asia-Pacific region held the largest share in the Thermoplastics market in 2020 up to 43%, owing to the accelerating Plastic demand and its application in almost all industries in the region. According to Applied Market Information Ltd.,thermoplastics market to surpass 20 million tons by 2020. According to Smithers study, in 2021 the thermoplastic elastomer market is estimated to be 3.84 million tons and is expected to grow to 5.55 million tons by 2026.With increase in disposable income, consumers’ buying patterns have reformed, which has been evident due to globalization. Rising population in emerging regions such as South Asia is boosting demand for engineering thermoplastic from end-use industries such as automotive & transportation, electrical & electronics, consumer appliances, and packaging. governments, introducing policies to encourage foreign direct investment and facilitate closer integration with the worldwide economy, helping to drive investment in petrochemicals, polymer production and downstream plastic processing.

                                  Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503156

                                  Thermoplastics Market – Drivers

                                  Rise in Demand for Manufacturing in Aerospace and Automotive Application

                                  Major Automotive vehicle manufacturers and bod parts makers are strongly focusing on reducing vehicle body weight and by employing plastic components replacing metal parts. This trend is expected to fuel demand for specialty thermoplastic compounds in the automotive end-use industry owing to the prominent substitute for metal parts.Rise in demand for the lightweight vehicle components in order to replace heavyweight metal parts to curb on carbon emission across the globe is expected to boost for specialty thermoplastic market during the forecast period. Aerospace industry is among prominent user specialty thermoplastics owing to the lightweight benefits, high stiffness, and excellent heat resistance properties. Aircraft components are required to withstand extreme pressure condition. This key aspect is projected to fuel specialty thermoplastics market during the forecast period..

                                  Increase in Demand for Thermoplastics in the Health Care Industry:

                                  Polymers such as resins and fibers, elastomers such as natural rubber and thermoplastic elastomers and biodegradable plastics used in various forms in medical and healthcare applications are collectively known as medical polymers. Increasing preference for healthcare treatment and growth in ageing population are some of the key factors likely to boost demand for medical polymers. Additionally, rising usage of disposable medical devices is expected to augment demand for medical polymers. Over the past few years, polymers have been increasingly substituting traditional materials such as metals in packaging of medical devices, equipment and pharmaceuticals owing to their biocompatibility and lightness in weight. Major Investments on Healthcare system and for the advancement of healthcare facilities globally are going to raise the potential of Thermoplastics market in the forecast period.

                                  Thermoplastics Market – Challenges

                                  Difficulty in sourcing of Raw Material:

                                  Manufacturers are finding it difficult to source raw materials and maintain revenue along with good levels of profit margins in challenging economies. Therefore, understanding the industry structure and staying connected with the end-use market will not only help understand industry needs but also assist being updated with standard industry requirements. Furthermore, marketing and distribution strategy, minimizing lead time for product availability, along with customer support, strategic collaborations, and partnerships, could be some key winning strategies for manufacturers.

                                  Thermoplastics Market Landscape

                                  Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Thermoplastic market. Thermoplastics market top companies are:

                                  1. SABIC

                                  2. Celenase Corporation

                                  3. BASF SE

                                  4. Lanxess AG

                                  5. Solvay S.A.

                                  6. Mitsubishi Chemical Advanced Materials (Japan)

                                  7. SGL Group

                                  8. DuPont

                                  9. Toray Industries, Inc.

                                  10 Polyone Corporation

                                  Acquisitions/Technology Launches

                                  On 9th January 2020, INEOS Solution, has announced to build a world-scale ABS (Acrylonitrile Butadiene Styrene)plant in Ningbo, China to grow its production capacity in the country significantly. The new production site will be adjacent to the recently acquired polystyrene plant in Ningbo.

                                  Key Takeaways

                                  Asia-Pacific dominates the Thermoplastics market, owing to the increasing use in healthcare, biomedical and electrical & electronics industry in the region. The total global production of thermoplastic polyurethane (TPU) was estimated at nearly

                                  740,000 tons in 2020, with over 69% of production taking place in Asia Pacific alone.

                                  In 2018, global plastics production almost reached 360 million tonnes. In Europe, plastics production almost reached 62 million tons.

                                  In the United States, approximately 37 million tons of plastic are used every year. Of this, packaging and food-service plastics represent about 16 million tons, and these are typically “single use”.

                                  Plastics have become the ubiquitous workhorse material of the modern economy – combining unrivaled functional properties with low cost. Their use has increased twentyfold in the past half-century and is expected to double again in the next 20 years. Thus the Thermoplastics Market has huge growth potential in future.

                                  Related Reports:

                                  A. Thermoplastic Elastomers Market

                                  https://www.industryarc.com/Report/11670/thermoplastic-elastomers-market.html

                                  B. Thermoplastic Composites Market

                                  https://www.industryarc.com/Research/Thermoplastic-Composites-Market-Research-502955

                                  For more Chemicals and Materials Market reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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