Press release
Universal $1050.00 Bn Plastics Market | E. I. duPont de Nemours and Company, Saudi Basic Industries Corporation, Dow Chemicals and BASF SE, ExxonMobil, LyondellBasell, Formosa Plastics, Indorama Corp., Nan Ya Plastics, M&G Chemicals, DAK Americas, Octal P
Plastics Market
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.
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Plastics Market – Competitive Outlook and Trend Analysis:
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 Highlights:
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.
Key growth Factors Affecting on Plastics Market:
The rising demand for durable and sustainable products in a variety of end-user industries is fueling the demand for a range of plastics worldwide. The expansion of key end use industries, primarily construction and packaging and flexible characteristics of plastics involving pressure resistance and better heat, making them more appropriate for various industries. Unpredictable prices of major raw materials together with increasing environmental considerations concerning disposal of plastic are projected to hamper market growth during the forecast period. To conquer these challenges, the market industry has switched its focus towards producing bio-based options to petroleum-based conventional plastics. Key plastics producers have been developing JV and have been co-operating with biotechnology sector to unite their operations to produce bio-based plastics. Furthermore, future technologies to reprocess plastics for the fabricating plastics into textile stuff for a variety of end user products shows huge market opportunities.
The Plastics Market Is Segmented As Follows –
Plastics Market – By Product type:
Polypropylene (PP)
PET
Polyethylene (PE)
PVC
Engineering Plastics
Polystyrene
Plastics Market – By Application:
Film & Sheet
Injection Molding
Textiles
Packaging
Transportation
Construction
Plastics Market – 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.
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 – 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 – Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Plastics Market, By Product Type
5.Plastics Market, By Application
6.Plastics Market, By Region
7.Company Profiles
...
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 ($Million), 2016-2025
...
Plastics Market – List of Figures:
Figure 1.Plastics Market Share, By Product Type, 2016 & 2025 ($Million)
Figure 2.Plastics Market, By Application, 2016 & 2025 ($Million)
Figure 3.Plastics Market, By Region, 2016, ($Million)
Figure 4.BASF SE: Net Revenues, 2014-2016 ($Million)
Figure 5.BASF SE: Net Revenue Share, By Segment, 2016
...
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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