Market Forecast By Type (Thermoplastics, Thermosets, Elastomers), By Product (Polyethylene, Polyvinyl Chloride, Polypropylene, Polystyrene, Polyamide, Polyurethane, Polyacrylamide), By Application (Packaging, Electronics, Food, Petrochemicals, Healthcare, Building & Construction, Electronics & Communication, Transportation) And Competitive Landscape
Product Code: ETC040873 | Publication Date: Jan 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Bangladesh Polymers Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Starting high at 48.10% in 2025, the market steadily declines to 8.58% by 2029.
The Polymers market in Bangladesh is projected to grow at a exponential growth rate of 35.62% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Report Name | Bangladesh Polymers Market |
Forecast period | 2025-2031 |
CAGR | 8.6% |
Growing Sector | Healthcare |
The Bangladesh Polymers Market report thoroughly covers the market by Type, By Product, and by Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Polymers Market is witnessing significant growth attributed to the rising demand across diverse applications such as packaging, electronics, and healthcare. Key trends include the increasing adoption of eco-friendly polymers and the development of innovative polymer formulations. Challenges include raw material price volatility and environmental concerns associated with polymer disposal.
According to 6Wresearch, the Bangladesh Polymers Market size is expected to grow at a significant CAGR of 8.6% during the forecast period 2025-2031. Bangladesh polymers market has recorded significant growth due to demand from sectors such as packaging, construction and automobiles. Rapid economic growth and development have led to increased spending and increased demand for polymers. Government measures and supports, including special economic zones and investment incentives, attract domestic and foreign investments and promote overall economic growth. Despite growth, the Bangladesh polymer market still faces challenges that prevent it from reaching its full potential. Lack of technological development and modernization of production processes has led to reduced productivity and increased production costs, reducing the global competitiveness of Bangladeshi polymers. Inadequate infrastructure and transportation facilities cause problems for businesses and affect delivery and distribution. Solving these problems is important to stimulate business growth and increase competitiveness in the global polymer market.
Key players in the Bangladesh Polymers Market include Bashundhara Group, Partex Group, Beximco Synthetics Ltd., Bengal Group of Industries, Summit Industrial & Mercantile Corporation (Pvt.) Ltd., and Karnaphuli Fertilizer Company Limited. These companies have a significant presence in the market and contribute to a large share of polymer production in Bangladesh. They have a diverse portfolio of products, including various types and grades of polymers, catering to the needs of different industries.
The Government of Bangladesh has introduced various measures to promote the growth of the polymer industry. The Chemicals Policy 2006 aims to create a commercial and competitive chemicals industry, including polymers, by encouraging investment and innovation. Special economic zones provide incentives such as tax exemptions to attract foreign investment and promote economic development and business expansion. Investment incentives such as tax holidays and tax-free shipping further stimulate economic growth by attracting domestic and foreign investments. Export promotion programs encourage companies to expand their global presence, increasing production and overall economic growth.
The Bangladesh Polymers Market is poised for growth, driven by factors such as increasing industrialization, urbanization, and infrastructure development. Future trends may include the development of biobased polymers, adoption of advanced recycling technologies, and innovation in polymer applications for emerging sectors.
According to Ravi Bhandari, Research Manager, 6Wresearch, Thermoplastics are considered the largest segment in the Bangladesh polymer market. This can be attributed to their widespread use in various industries such as packaging, automobile and construction. The high demand for thermoplastic materials is due to its versatility, durability and cost-effectiveness compared to other types of polymers. Therefore, companies in Bangladesh have focused on the production and innovation of thermoplastic products, strengthening the growth of this segment. Additionally, with the development of durable materials, the demand for recycled materials is expected to increase in the future.
Polyethylene has been identified as the most important and fastest growing segment of the Bangladesh polymer market. This can be attributed to its wide range of applications and cost-effectiveness compared to other polymers. Polyethylene is widely used in packaging, construction and consumer goods due to its versatility, durability and low cost. Increasing demand for durable packaging also triggers the growth of this sector. Additionally, as the polyethylene production process continues to evolve and innovate, its use in other industries will also increase.
Packaging industry is considered the largest segment of the Bangladesh polymer market. The rise in packaging demand and the growing e-commerce industry has led to increased demand for packaging materials, including polymers. Polyethylene, polypropylene and polystyrene are widely used in this industry due to their versatility, durability and cost-effectiveness. As the consumer market in Bangladesh continues to grow, the demand for bulk polymers is also expected to increase. There will also be an increase in sustainable packaging as consumers become more environmentally conscious, increasing the demand for recycled products in the region.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Polymers Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Polymers Market - Industry Life Cycle |
3.4 Bangladesh Polymers Market - Porter's Five Forces |
3.5 Bangladesh Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Polymers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Bangladesh Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bangladesh Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Polymers Market Trends |
6 Bangladesh Polymers Market, By Types |
6.1 Bangladesh Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Bangladesh Polymers Market Revenues & Volume, By Thermoplastics, 2021-2031F |
6.1.4 Bangladesh Polymers Market Revenues & Volume, By Thermosets, 2021-2031F |
6.1.5 Bangladesh Polymers Market Revenues & Volume, By Elastomers, 2021-2031F |
6.2 Bangladesh Polymers Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Polymers Market Revenues & Volume, By Polyethylene, 2021-2031F |
6.2.3 Bangladesh Polymers Market Revenues & Volume, By Polyvinyl Chloride, 2021-2031F |
6.2.4 Bangladesh Polymers Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.2.5 Bangladesh Polymers Market Revenues & Volume, By Polystyrene, 2021-2031F |
6.2.6 Bangladesh Polymers Market Revenues & Volume, By Polyamide, 2021-2031F |
6.2.7 Bangladesh Polymers Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.3 Bangladesh Polymers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Polymers Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.3 Bangladesh Polymers Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.4 Bangladesh Polymers Market Revenues & Volume, By Food, 2021-2031F |
6.3.5 Bangladesh Polymers Market Revenues & Volume, By Petrochemicals, 2021-2031F |
6.3.6 Bangladesh Polymers Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Bangladesh Polymers Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.8 Bangladesh Polymers Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.9 Bangladesh Polymers Market Revenues & Volume, By Transportation, 2021-2031F |
7 Bangladesh Polymers Market Import-Export Trade Statistics |
7.1 Bangladesh Polymers Market Export to Major Countries |
7.2 Bangladesh Polymers Market Imports from Major Countries |
8 Bangladesh Polymers Market Key Performance Indicators |
9 Bangladesh Polymers Market - Opportunity Assessment |
9.1 Bangladesh Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Polymers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Bangladesh Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bangladesh Polymers Market - Competitive Landscape |
10.1 Bangladesh Polymers Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |