Global Commodity Plastics Market Analysis With Top Competitor of industry like ExxonMobil, LG Chem, Sumitomo Chemical, The Dow Chemical Company, SABIC, BASF, Lyondellbasell, Sinopec, Ineos, Formosa Plastics Group, Mitsubishi Chemical, Borealis

This report studies the Commodity Plastics market status and forecast, categorizes the global Commodity Plastics market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

The Commodity Plastics market is segmented in product, application, end-user, and region, which is being used the top players and brands that are dominating the market by their moves like product launches, their researches, joint ventures, merges, and accusations, and as the calculation of historic year 2016 base year 2017 shows that they are moving in the right direction.This report also explains what the markets definition, classifications, applications, and engagements are, while also explaining what the drivers and restrains are for the Commodity Plastics market which is derived from SWOT analysis.

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The Global Commodity Plastics Market is expected to reach USD 530.74 billion by 2025, from USD 354.31 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Some of the major players operating in the global commodity plastics market are –

Exxon Mobil,
LG Chem,
Sumitomo Chemical,
The DOW Chemical,
SABIC,
BASF,
Lyondellbasell,
Sinopec,
Ineos,
Formosa Plastics,
Mitsubishi Chemical,
Borealis,
Chevron Phillips Chemical,
Eni Spa,
Reliance Industries,
Braskem,
Hanwha Chemical,
Lotte Chemical,
Indian Oil,
Haldia Petrochemicals,
Nova Chemicals,
Qenos Pty,
Qatar Petroleum,
Westlake Chemical,
PTT Global Chemical
among others.

Market Definition:

Commodity plastics are used in extensive range of applications including film for packaging, photographic and magnetic tape, clothing, beverage & trash containers and a variety of household products. Such plastics display relatively low mechanical properties and are low in cost. The products consist of plates, cups, carrying trays, medical trays, containers, seeding trays, printed material and others disposable items. It includes a wide array of polymer chemistries such as polyethylene, polystyrene, polymethyl methacrylate, polyvinyl chloride, polypropylene, polyethylene terephthalate and others. According to U.S. Census Bureau, in 2016, total construction spending increased 6.5% from the previous year. Moreover, in 2014, construction spending was estimated nearly 11% and in 2015 it increased by 10.7%. According to U.S. Bureau of Labour Statistics, construction sector will have one of the biggest surge in real output and will reach almost USD 1.2 trillion by 2020. Moreover, the U.S. population is expected to grow from 321.2 billion to 338 billion by 2020 and needs more construction. Hence, the demand in the construction sector across the globe will boost the demand for the plastics used in construction and help in the growth of the commodity plastics.

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Major Market Drivers and Restraint:

Growing packaging sector
Rising disposable income generating high demand for consumer goods
Increasing production of lightweight electric vehicles
Environmental concern of plastic waste
Government Regulations

Market Segmentation: 

The global commodity plastics market is segmented based on type, application and geographical segments.

Based on type, the global commodity plastics market is segmented into polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), poly methyl methacrylate (PMMA) and others. Polyethylene of ethylene is further sub segmented into HDPE, LDPE and LLDPE. Polyvinyl chloride of ethylene is further sub segmented into rigid PVC and flexible PVC.

On the basis of application, the global commodity plastics market is classified into packaging, automotive, electronics, consumer goods, construction, textile, medical & pharmaceutical and others. Packaging of ethylene is further sub segmented into film wraps, plastic bags, industrial & household chemical containers, milk jugs, cereal box liners and others. Electronics of ethylene is further sub segmented into air dams, car bumpers, rocker panels, consoles, grilles and others.

Based on geography, the global commodity plastics market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.

Some of the major countries covered in this report are:-

U.S.,
Canada,
Germany,
France,
U.K.,
Netherlands,
Switzerland,
Turkey,
Russia,
China,
India,
South Korea,
Japan,
Australia,
Singapore,
Saudi Arabia,
South Africa
Brazil
among others.

Competitive Analysis: 
The global commodity plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commodity plastics market for global, Europe, North America, Asia Pacific and South America.

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