Commodity Plastics Market Reflect Impressive Expansion With Top Vendors Like Exxon Mobil, LG Chem, Sinopec, Sumitomo Chemical, The DOW Chemical, SABIC, BASF, Lyondellbasell, Ineos, Formosa Plastics, Mitsubishi Chemical, Borealis,Reliance Industries,

A Commodity Plastic is the types of plastics that are used in a wide variety of applications and have day to day usage. Most of the commodity plastics has billions of applications, including packaging, electronics, automobiles and healthcare. Most commonly commodity plastics resins are transformed into sheets & films for further use. Some plastics such as polyethylene terephthalate (PET) are directly molded in bottles and other forms.

Global commodity plastic market is expected to register a healthy CAGR of 4.3% in the forecast period of 2018 to 2025.

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Key Development :

• 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.

• 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%.

Competitive Analysis: Global Commodity Plastics Market

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.

Competitors/Players:

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, Qatar Petroleum, Westlake Chemical, PTT Global Chemical Among others

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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

Segmentation: Global Commodity Plastics Market

Based on type, the global commodity plastics market is segmented into

• polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), poly methyl methacrylate (PMMA), others

Polyethylene of ethylene is further sub segmented into

• HDPE, LDPE and LLDPE

Polyvinyl chloride of ethylene is further sub segmented into

• rigid PVC , flexible PVC

On the basis of application, the global commodity plastics market is classified into

• packaging, automotive, electronics, consumer goods, construction, textile, medical & pharmaceutical , 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, 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

Customization of the Report: This report can be customized to meet the client’s requirements. Please connect with us (sopan.gedam@databridgemarketresearch.com), we will ensure that you get a report that suits your needs.

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