European Plastics Research Report released

by:JIASHENG     2019-10-13
According to the latest European plastics market research report released by market research firm Ceresana, plastics will continue to be used in a wider range of applications because of their lightness, flexibility and ease of manufacturing. They will still replace traditional materials such as aluminum, tin and glass. For the first time, the comprehensive report made a detailed analysis of all important plastic products such as polyethylene, polypropylene, PVC and other standard products and engineering plastics such as ABS or fluoropolymer and bioplastics. European plastics market value will reach 104 billion euros in 2022 According to statistics, the total volume of the European plastics market in 2014 was as high as 53 million tons. In the next 8 years, Ceresana expects the total output value of the European plastics market to increase at a compound annual growth rate of 2.9%. By 2022, its output will reach 104 billion euros (excluding synthetic fibers, coatings and adhesives). Germany occupies 24% of the European plastics market and is the largest producer in Europe. Belgium ranked second, followed by France, Russia, the Netherlands and Spain. The most important areas of plastics applications in 2014 were flexible packaging, rigid packaging and construction. These areas cover 70% of the plastics market demand in Europe. Other markets such as transportation, power and electronics applications have maintained a compound annual growth rate of more than 2%. Focus on the packaging and construction industry Flexible packaging such as packaging films, bags and bags, as well as shrink and stretch film are mainly used for food packaging, and other medium and outer packaging for transportation. These areas are dominated by polyethylene LDPE and LLDPE, accounting for approximately 53% of the total, followed by polypropylene and high density polyethylene (HDPE). The number of hard-packaged products made entirely of plastic, such as cups, plates, bottles, boxes and lids, is increasing. In Europe, these products are mainly made of PET, followed by polypropylene and high density polyethylene. At present, the weight reduction of these materials has reached an extreme, so more and more plastic bags are replacing hard packaging for beverage products. Plastics in the construction industry are used primarily in a variety of building and civil engineering applications, including films, cables, tubes, profiles and coverings, as well as sheets and tubes, pins, screws, glass, mounting elements, coatings and films. In 2014, the largest demand in this sector was PVC, which consumed more than 5.5 million tons of PVC throughout the construction industry, followed by HDPE, followed by polystyrene and EPS.
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