INDUSTRIAL PLASTIC MARKET Size and trends

Industrial Plastic Market Size and Trends

The industrial plastic market is estimated to be valued at USD 99.07 Bn in 2025 and is expected to reach USD 152.04 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032.

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The industrial plastic market is experiencing positive growth trends. The demand for plastics is increasing in industries such as packaging, construction, automotive, and electronics due to their properties such as durability, light weight, and resistance to corrosion. Increased automation and advanced manufacturing techniques have fueled the demand for plastics in industrial machinery and components. Moreover, growing investments in infrastructure development around the world utilize plastics extensively, driving the growth. However, stringent environmental regulations around plastic usage and bans may hinder the market expansion.

Growing Demand from Construction Industry

The construction industry has seen tremendous growth over the past few years across major regions of the world. Megaprojects related to infrastructure development such as construction of roads, bridges, airports, rail networks, etc. are being undertaken at a massive scale. With rapid urbanization and growth of cities, there is increasing demand for residential and commercial buildings as well as public infrastructure. Plastics have emerged as one of the preferred building materials due to their versatility, light weight, and durability properties. Various types of plastics, such as PVC, polyethylene, polypropylene, etc., find extensive applications in construction of piping systems, doors & windows, roofing sheets, insulation, cables, and wires. The lightweight nature of plastics makes them suitable for applications where dead load needs to be reduced. They also provide good corrosion resistance which is crucial for infrastructure exposed to external environmental conditions. With the projected rise in construction spending over the next decade to support infrastructure development goals, the demand for plastic materials from this industry vertical is expected to surge. Therefore, the growing construction industry is expected to drive the market growth. For instance, according to data by Invest India in 2023, the construction industry in India is expected to reach US$ 1.4 Tn by 2025.