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
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.
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.
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 (000’ 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