Press release
Plastics Market 2018 | Worth USD 1050.00 billion 2025 | Boosting CAGR + 8.78%
Plastics Market
The major players in the global plastic market include E. I. duPont de Nemours and Company, Saudi Basic Industries Corporation, Dow Chemicals and BASF SE. Other players in the plastic market are ExxonMobil, LyondellBasell, Formosa Plastics, Indorama Corp., Nan Ya Plastics, M&G Chemicals, DAK Americas, Octal Petrochem and Total SA.
Plastics Market – Industry Highlights
The Plastics Market was valued around USD 492.32 billion in 2016 and is expected to reach roughly USD 1050.00 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 8.78% during the forecast period, owing to various advantages of plastic materials. Plastics are a large array of synthetic or semi-synthetic natural solids which are molded or transformed into numerous useful products. Generally, plastics are natural polymers which occur sometimes naturally or developed from petrochemicals and have elevated molecular weights. Global plastic market is regularized by means of the end user market application. Due to their low price, the flexibility of use, accessibility to raw materials and ease of production, plastics have dismissed many traditional materials such as paper, wood, metal, glass, leather, and ceramic in the most of their applications.
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Market segmentation of the Plastic:
The segmentation of the plastic products is depending upon the resin type such as polypropylene, polyethylene, PET, engineering thermoplastics, polystyrene, PVC, and others. These plastic products vary from one another concerning the monomers and molecular arrangement implicated in their production. The plastics products have extensive applications varying from space ship parts to manufacturing paper clips. In 2013, polyethylene has been recognized as the major product segment worldwide, reporting for 34.9% of the overall plastics manufactured globally. Rising demand from a variety of end user industries such as injection molding, food & beverage packaging, pipe, and film/sheet is measured to be the major driving factors for international polyethylene market. However, numerous environmental concerns and disposal policies are major challenges for global polyethylene market. However, polyethylene terephthalate (PET) is anticipated to be the fastest increasing product segment above the next few years with a compound annual growth rate (CAGR) of 8.5% over the forecast years.
Application Outlook and Trend Analysis:
The plastics can be utilized in several end-user industries counting film/sheet, injection molding, pipes, construction, electrical & electronics and consumer appliances, automotive parts manufacture, textiles, food and beverage packaging among others. Growing Polyethylene terephthalate (PET) demand for sparkling drink packaging is projected to boost the demand for Polyethylene terephthalate (PET) during the next few years. Plastic products also have a wide variety of applications in electrical and automobile segment.
Regional Outlook and Trend Analysis:
Asia Pacific regional market dominated the global plastics market and reported for 44.6% of overall market share in 2013. The expansion of major end use industry, predominantly in economies such as India and China, are likely to drive plastics demand in the region. North America and Europe are moderately established markets and are anticipated to grow at fairly lower rates than other high growth regions. European and North American plastics market are mainly stimulated by rising demand for environmental friendly and high-performance plastics materials like engineering thermoplastics and bio-based plastics. South & Central America is predicted to be the top growing market for plastic products with CAGR of 6.3% over forecast years. The growth of construction and automobile industry in Argentina and Brazil is anticipated to encourage the demand for plastic products in this region.
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Plastics Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Plastics Market - List of Tables:
Table 1.Plastics Market, By Product Type ($Million), 2016-2025
Table 2.Polypropylene (PP) Market, By Region ($Million), 2016-2025
Table 3.PET Market, By Region ($Million), 2016-2025
Table 4.Polyethylene (PE) Market, By Region ($Million), 2016-2025
Table 5.PVC Market, By Region ($Million), 2016-2025
Table 6.Engineering Plastics Market, By Region ($Million), 2016-2025
Table 7.Polystyrene Market, By Region ($Million), 2016-2025
Table 8.lastics Market, By Application ($Million), 2016-2025
Table 9.Film & Sheet Market, By Region ($Million), 2016-2025
Table 10.Injection Molding Market, By Region ($Million), 2016-2025
Table 11.Textiles Market, By Region ($Million), 2016-2025
Table 12.Packaging Market, By Region ($Million), 2016-2025
Table 13.Transportation Market, By Region ($Million), 2016-2025
Table 14.Construction Market, By Region ($Million), 2016-2025
Table 15.Plastics Market, By Region ($Million), 2016-2025
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Reason to Buy:
1) An extensive research study on the Global Plastics Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Plastics Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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