Malaysia Plastics Market Size, Share, Trends Report | 2031

Segments - Malaysia Plastics Market by Types (Engineering Plastics, Traditional Plastics, and Bioplastics), Technology (Extrusion, Blow Molding, Injection Molding, and Others), and Applications (Automotive & Transportation, Building & Construction, Electrical & Electronics, Furniture & Bedding, Housewares, Packaging, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

Malaysia Plastics Market Outlook 2031

The malaysia plastics market size was valued at USD 3.59 Billion in 2022 and is expected to reach USD 5.07 Billion by 2031, expanding at a CAGR of 3.9% during the forecast period, 2023-2031. The growth of the market is attributed to growing plastic usage in the automotive, construction, and electrical & electronics industries.

Plastic has wide range of semi-synthetic and synthetic materials and always contain hydrogen and carbon. The polymer that is utilized to produce plastics is mixed with additives such as stabilizers, colorants, and fillers that affects the physical and chemical properties. Plastics have wide use in many industries such as textile, transportation, construction, healthcare, and electronics.

Plastics, also called as polymers, are utilized to make a wide variety of products, ranging from paper clips to rocket owing to their flexibility, simple assembling, foldability, lightweight, waterproof nature, and minimal expense. They are synthesized from flammable gas and oil.

The diminishing source of polymers have urged producers to utilize renewable sources. The plastics fabricated utilizing inexhaustible biomass sources, for example, sawdust, food waste, corn starch, vegetable fats and oil are known as bioplastics.

The outbreak of COVID-19 has impacted the Malaysia plastic market by decreasing demand for plastics from building & construction and automotive industries. The lockdown had put restriction on manufacturing activities along with the collapse in demand and shortage of storage capacity for extra supply.

However, the product supply for manufacturing healthcare personal protective equipment for example, face shields, goggles, gloves, masks, respirators, gowns, and other medical supplies is propelling the market growth.

Malaysia Plastics Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for engineering plastics is expected to propel the growth of the market during the forecast period.
Rising demand for plastics from packaging industry is anticipated to drive the market growth.
Growing demand from food and beverage packaging is estimated to spur the growth of the market.
Environmental restrictions and unfavorable conditions arising due to the COVID-19 outbreak can hamper the growth of the market.
Lack of resources can create challenges for the market growth.
Expanding usage of biodegradable plastics and potential growth in the aerospace sector can create lucrative opportunities for the market during the forecast period.

Scope of Malaysia Plastics Market Report

The report on the Malaysia plastics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Plastics Market - Malaysia Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Engineering Plastics, Traditional Plastics, and Bioplastics), Technology (Extrusion, Blow Molding, Injection Molding, and Others), and Applications (Automotive & Transportation, Building & Construction, Electrical & Electronics, Furniture & Bedding, Housewares, Packaging, and Others)
Country	Malaysia
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	LOTTE CHEMICAL TITAN HOLDING BERHAD; Polyplastics Asia-Pacific Sdn. Bhd.; Toray Plastics Sdn. Bhd.; and Behn Meyer Polymers Sdn Bhd

Malaysia Plastics Market Segment Insights

Types Segment Analysis

In terms of types, the market is segregated into engineering plastics, traditional plastics, and bioplastics. The traditional plastics segment is projected to expand at a considerable CAGR during the forecast period. Traditional plastics are prepared from petroleum-based raw ingredients, containing polypropylene, polyvinyl chloride, polyethylene, and polystyrene. Polyethylene utilization in daily application such as pipes, medical, packaging is driving the segment growth.

Malaysia Plastics Market Types Segmentation

Technology Segment Analysis

Based on technology, the Malaysia plastics market is divided into extrusion, blow molding, injection molding, and others. The injection molding segment is estimated to grow at a rapid pace, as it’s commonly used method for manufacturing of custom plastic parts. This method utilizes a broken cycle as the plastic parts are created in molds and required to be cooled prior to being eliminated.

This interaction requires an infusion shaping machine, molds, and plastic materials. The molten plastic is infused into a shape cavity and afterward cooled to make the eventual outcome. It has large utilization in the creation of vehicle parts, compartments, and medical devices, among others.

Applications Segment Analysis

In terms of applications, the market is classified as automotive & transportation, building & construction, electrical & electronics, furniture & bedding, housewares, packaging, and others. The packaging segment is expected to constitute a key share of the market during the forecast period due to rising application of plastics in the packaging sector.

This industry requires materials that contain enhanced chemical and wear resistance, recyclability, high mechanical strength, ease of molding, and puncture resistance. High-density polyethylene is the most widely used type of plastic in the manufacturing of containers and bottles. Low-density polyethylene is used for packaging owing to its flexibility, toughness, and relative transparency. It is generally used in bottles, flexible lids, and other cable & wire applications.

Malaysia Plastics Market Applications Segmentation

Segments

The Malaysia plastics are segmented on the basis of:

Types

Engineering Plastics
Traditional Plastics
Bioplastics

Technology

Extrusion
Blow Molding
Injection Molding
Others

Applications

Automotive & Transportation
Building & Construction
Electrical & Electronics
Furniture & Bedding
Housewares
Packaging
Others

Country

Malaysia

Key players

LOTTE CHEMICAL TITAN HOLDING BERHAD
Polyplastics Asia-Pacific Sdn. Bhd.
Toray Plastics Sdn. Bhd.
Behn Meyer Polymers Sdn Bhd

Competitive Landscape

The key players competing in the Malaysia plastics market are LOTTE CHEMICAL TITAN HOLDING BERHAD; Polyplastics Asia-Pacific Sdn. Bhd.; Toray Plastics Sdn. Bhd.; and Behn Meyer Polymers Sdn Bhd

In December 2018, Toray Industries Inc. declared to expand the manufacturing ability of ABS resin TOYOLAC that is prepared by Toray Plastics (Malaysia) Sdn. Bhd.

Malaysia Plastics Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Plastics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Plastics Market - Supply Chain
  4.5. Global Plastics Market Forecast
     4.5.1. Plastics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Plastics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Plastics Market Absolute $ Opportunity
5. Global Plastics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Plastics Market Size and Volume Forecast by Types
     5.3.1. Engineering Plastics Traditional Plastics Bioplastics
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Plastics Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Plastics Market Size and Volume Forecast by Applications
     6.3.1. Automotive & Transportation Building & Construction Electrical & Electronics Furniture & Bedding Housewares Packaging
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Plastics Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Plastics Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Plastics Demand Share Forecast, 2019-2026
8. North America Plastics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Plastics Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Plastics Market Size and Volume Forecast by Types
     8.4.1. Engineering Plastics Traditional Plastics Bioplastics
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Plastics Market Size and Volume Forecast by Applications
     8.7.1. Automotive & Transportation Building & Construction Electrical & Electronics Furniture & Bedding Housewares Packaging
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Plastics Demand Share Forecast, 2019-2026
9. Latin America Plastics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Plastics Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Plastics Market Size and Volume Forecast by Types
     9.4.1. Engineering Plastics Traditional Plastics Bioplastics
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Plastics Market Size and Volume Forecast by Applications
     9.7.1. Automotive & Transportation Building & Construction Electrical & Electronics Furniture & Bedding Housewares Packaging
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Plastics Demand Share Forecast, 2019-2026
10. Europe Plastics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Plastics Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Plastics Market Size and Volume Forecast by Types
     10.4.1. Engineering Plastics Traditional Plastics Bioplastics
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Plastics Market Size and Volume Forecast by Applications
     10.7.1. Automotive & Transportation Building & Construction Electrical & Electronics Furniture & Bedding Housewares Packaging
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Plastics Demand Share Forecast, 2019-2026
11. Asia Pacific Plastics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Plastics Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Plastics Market Size and Volume Forecast by Types
     11.4.1. Engineering Plastics Traditional Plastics Bioplastics
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Plastics Market Size and Volume Forecast by Applications
     11.7.1. Automotive & Transportation Building & Construction Electrical & Electronics Furniture & Bedding Housewares Packaging
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Plastics Demand Share Forecast, 2019-2026
12. Middle East & Africa Plastics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Plastics Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Plastics Market Size and Volume Forecast by Types
     12.4.1. Engineering Plastics Traditional Plastics Bioplastics
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Plastics Market Size and Volume Forecast by Applications
     12.7.1. Automotive & Transportation Building & Construction Electrical & Electronics Furniture & Bedding Housewares Packaging
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Plastics Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Plastics Market: Market Share Analysis
  13.2. Plastics Distributors and Customers
  13.3. Plastics Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. LOTTE CHEMICAL TITAN HOLDING BERHAD Polyplastics Asia-Pacific Sdn. Bhd. Toray Plastics Sdn. Bhd. Behn Meyer Polymers Sdn Bhd