Further information: Category:Plastics companies
According to PlasticsEurope, the top three markets for plastics are packaging, building and construction, and automotive.1
See also: Plastics in the construction industry
Plastics production has been growing globally. The numbers include thermoplastics and polyurethanes, as well as thermosets, adhesives, coatings, sealants, and PP-fibers.2 Data was gathered by PlasticsEurope (PEMRG) and Consultic, or the nova-institute.34
However, in 2020 the COVID-19 pandemic has had a devastating effect on the fossil fuel and petrochemical industry. Natural gas prices have dropped so low that gas producers were burning if off on-site (not being worth the cost to transport it to cracking facilities). In addition, bans on single-use consumer plastic (in China, the European Union, Canada, and many countries in Africa), and bans on plastic bags (in several states in the USA) has reduced demand for plastics considerably. Many cracking facilities in the USA have been suspended. The petrochemical industry has been trying to save itself by attempting to rapidly expand demand for plastic products worldwide (i.e. through pushbacks on plastic bans and by increasing the number of products wrapped in plastic in countries where plastic use is not already as widespread (i.e. developing nations)).5
Further information: Timeline of plastic development
"Plastics – the fast Facts 2023; An analysis of European plastics production, demand and waste data". www.plasticseurope.org. https://plasticseurope.org/knowledge-hub/plastics-the-fast-facts-2023/ ↩
"consultic – consultic". www.consultic.de. Retrieved 17 April 2018. http://www.consultic.de/en/ ↩
Chinthapalli, Raj; Skoczinski, Pia; Carus, Michael; Baltus, Wolfgang; de Guzman, Doris; Käb, Harald; Raschka, Achim; Ravenstijn, Jan (2019-08-01). "Biobased Building Blocks and Polymers—Global Capacities, Production and Trends, 2018–2023". Industrial Biotechnology. 15 (4): 237–241. doi:10.1089/ind.2019.29179.rch. ISSN 1550-9087. https://www.liebertpub.com/doi/10.1089/ind.2019.29179.rch ↩
Will coronavirus be the death or salvation of Big Plastic ? https://time.com/5831005/coronavirus-plastic-industry/ ↩