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The Future of Plastics in Key End Markets
– Automotive & Transportation and
Healthcare & Medical Devices.
Michael D. Taylor
Vice President, International Affairs and Trade
SPI: The Plastics Industry Trade Association
Agenda Overview of the U.S. Plastics Industry
Trade Flows & Global Market Opportunities
SPI’s Plastics Market Watch Series
Focus on Automotive & Transportation Market
Focus on Healthcare & Medical Devices Market
Q&A
U.S. Demand for Plastics sets
New High Level
$0
$50
$100
$150
$200
$250
$300
$350
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$ in b
illio
ns
Machinery Molds Plastic Products Resin
Apparent Consumption = Shipments + Imports – Exports
Source: SPI “Global Business Trends” (2015)
Opening Markets to the U.S.
Plastics Industry
Trans-Pacific Partnership (TPP)
• 2014: U.S. plastics industry
exports to the 11 TPP
countries were more than
$34B
• Since 2000: plastics exports
to TPP countries increased
more than 91%
• 2014: plastics industry trade
surplus with TPP countries
was $13.7B
Transatlantic Trade & Investment Partnership (TTIP)
• A high-standard TTIP would
advance trade and
investment liberalization and
address regulatory and
other non-tariff barriers
• Based on 2011 trade flows,
the U.S. plastics industry
would be one of the top
benefiting sectors with a
total potential tariff savings
of $465M
Signed now goes
to Congress
11th Round
Miami Oct 19-23
Top Export Growth Markets for
the U.S. Plastics Industry
Percentage Change 2013 to
2014
Percentage Change 2014 YTD
to 2015 YTD
Cameroon 126.0% 32.6%
Slovenia 82.1% 65.8%
Angola 74.5% 23.0%
Qatar 58.4% 7.5%
Sweden 26.8% 40.4%
Poland 21.3% 10.3%
Jamaica 14.6% 2.1%
Vietnam 14.5% 14.1%
Dominican Republic 13.2% 1.1%
Switzerland 7.9% 8.4%
Top Export Growth Markets for
U.S. Resin
Percentage Change 2013 to
2014
Percentage Change 2014 YTD
to 2015 YTD
Sweden 30.1% 27.0%
Vietnam 14.3% 20.2%
Bahrain 9.6% 3.3%
Thailand 7.5% 16.1%
Top Export Growth Markets for
U.S. Plastic Products
Percentage Change 2013 to
2014
Percentage Change 2014 YTD
to 2015 YTD
Nigeria 108.6% 105.6%
Jamaica 35.1% 5.6%
Netherlands 26.3% 3.3%
Turkey 21.3% 23.3%
Poland 20.5% 9.2%
Qatar 19.3% 7.2%
UAE 12.4% 2.6%
Costa Rica 11.3% 4.6%
Saudi Arabia 11.2% 9.0%
Japan 11.2% 3.8%
Top Export Growth Markets for
U.S. Plastics Machinery
Percentage Change 2013 to
2014
Percentage Change 2014 YTD
to 2015 YTD
Saudi Arabia 61.5% 14.5%
France 27.9% 17.6%
Germany 24.9% 10.1%
Hong Kong 20.9% 9.4%
Canada 0.2% 6.8%
Top Export Growth Markets for
U.S. Molds for Plastics
Percentage Change 2013 to
2014
Percentage Change 2014 YTD
to 2015 YTD
Indonesia 1313.8% 104.8%
Hungary 1181.7% 799.1%
Colombia 208.4% 12.1%
Malaysia 42.6% 139.2%
Switzerland 37.4% 27.0%
South Korea 27.7% 59.4%
Australia 26.2% 0.5%
SPI has launched a new series of reports
looking at the impact of the consumer on the
business of plastics, including demographics,
economics, policy developments and
technological improvements for markets
including:
Automotive & Transportation
Released
Healthcare & Medical Devices
Released
Packaging
November 2015
Housing & Construction
January 2016
Key Drivers for End Markets
Economic Indicators
Demographics
Technology
Policy
Consumer Trends
Resources
Market
What is
impacting the
demand for cars
and plastics?
Estimated Light Vehicle Sales
for North America
19,600
19,700
19,800
19,900
20,000
20,100
20,200
20,300
20,400
20,500
20,600
20,700
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Th
ou
sa
nd
s o
f V
eh
icle
Sa
les
Source: IHS
Average Plastics & Polymer
Composites Use in Light Vehicles in
2013 (pounds/vehicle)
BOEING DREAMLINER: A More
Sustainable Aircraft
Using alternative materials, such as lightweight carbon-fiber for the fuselage
and wings, instead of aluminum sheeting, Boeing was able to reduce the
airplane’s weight. It also increased the fuel efficiency of its new engines,
yielding an overall reduction of fuel consumption of almost 30%.
Trend Matrix for Medical End Market
Demographic Drivers
• World Population Growth
($8 bill. to $12 bill. in next 35 yrs)
• Greater Life Expectancy
(1955 = 48 yrs.; 2025 = 73 yrs.) Proportion of older people growing.
• Growing Middle Class
(2009 = 1.8 bill; 2030 = 4.9 bill.)
Epidemiological Transition
Shift from death by
infectious & acute
disease to chronic and
degenerative
Emerging Economies Increasing
Their Health Expenditures
For every additional $100 spent on health in 2022 (compared
to 2012), $50 will have come from emerging economies.
Health Expenditures Per Capita
for Select Countries 2000-2014
0
500
1000
1500
20002
000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Bangladesh Brazil China Egypt India Indonesia
Iran Malaysia Mexico Nigeria Pakistan Philippines
Russia South Africa South Korea Thailand Turkey Vietnam
U.S
. D
olla
rs
Health Expenditures Per Capita for
Top Select Countries 2000-2014
0200400600800
100012001400160018002000
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
Iran Malaysia Mexico South Africa South Korea Turkey
U.S
. D
olla
rs
Health Expenditures Per Capita
for BRIC Countries 2000-2014
0
200
400
600
800
1000
1200
1400
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Brazil China India Russia
U.S
. D
olla
rs
24%
31% 7% 24%
Total Health Expenditures
Per Capita
Percentage Population
65 and Over
Life Expectancy
at Birth
Total U.S. Medical Device Exports
GDP Annual Growth Rate
Malaysia
South Africa
Thailand
Brazil
Russia
India
China
Bangladesh
Egypt
Indonesia
Iran
Mexico
Nigeria
Pakistan
Philippines
South Korea
Turkey
Vietnam
Predicting Medical Device
Export Growth
Uncertainty Political
Instability
Thank You! 谢谢 Merci Vielen Dank
Grazie ありがとうございました 감사합니다 Obrigado Спасибо
Gracias Teşekkürler
Michael Taylor
202-974-5232
