Increasing plastic consumption in the construction, automotive and electrical & electronics industries is projected to support market growth over the forecast period 2019-2026

Hyderabad, April 10, 2019 -- The "Plastic Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2026" report has been added to Datamintelligence.com's offering.

Plastic Market Trends : Drivers and Restraints
Plastics are organic polymers which occur naturally or derived from petrochemicals. They are synthetic or semi-synthetic organic solids which are cast to various valuable products.
Increasing plastic consumption in the construction, automotive and electrical & electronics industries is projected to support market growth over the forecast period.
The market is driven by several factors such as new technologies which recycle plastics, growing end-use industries. The versatile properties of plastics including better heat and pressure resistance, make them more applicable in various industries.
However, few factors hinder market growth such as volatility in the prices of essential raw materials and the growing environmental concerns regarding plastic disposal.
To overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to conventional (petroleum-based) plastics.

Plastic Market Segmentation:
Types segment the global plastic market into Polyethylene (PE), Polypropylene (PP), PVC, PET, Polystyrene and Engineering Plastics.
Based on end-user, the market is segmented into Constructions, Industrial, Consumer goods, Electronics, Automotive, Transportation, Medical and Food &Beverages.
Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and RoW.
Polyethylene holds the most significant chunk of the global plastic market share due to growing demand from several end-user industries such as injection molding, food & beverage packaging, film/sheet and pipes.
Polyethylene terephthalate (PET) plastic type is expected to grow in forecast period due to increasing demand from the packaging industry of carbonated soft drinks for PET plastic.
Based on end-user, the industrial segment accounted for the most substantial part of the global plastic market share followed by Food & Beverages due to increasing demand for various, plastic applications in these industries.

Key Points covered in the report
Plastic Market – Methodology and Scope
Plastic Market - Trends
Plastic Market – Industry Analysis
Geographical Analysis
Competitive Landscape
Company Profiles

Plastic Market Key Companies
The report covers the factors impacting the market, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
The report profiles the following companies, which includes Dow Chemicals, BASF SE, Saudi Basic Industries Corporation and E.I. du Pont de Nemours and Company.
Other players in the market include ExxonMobil, Total SA, Indorama Corp., M&G Chemicals, Nan Ya Plastics, LyondellBasell, Formosa Plastic, Bayer Material Science, DAK Americas, and Octal Petrochem.

For more information about this report visit https://www.datamintelligence.com/research-report/plastic-market

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