Commodity Plastic Market is expected to be valued at US $155.9 Billion by the end of 2022, expanding at a High CAGR of ~5.56 %: MRFR

Global Commodity Plastic Market Overview:
Market Research Future published a cooked research report on Global Commodity Plastic Market that contains facts about the market’s past trend and growth since 2016 along with its predicted future information till 2022. The global Commodity Plastic market is expected to be valued at US $155.9 Billion by the end of 2022, expanding at a High CAGR of ~5.56 %.

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Test the market data and market information presented over more than 200 market data tables and figures spread in more than 190 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Commodity Plastic Market from 2016 to 2022.

The global commodity plastic market has grown at a CAGR of 4.7% in terms of volume and 5.6% in terms of value, during the period 2016-2022. The factors driving the growth of the global market are advancements in the end user industries of commodity plastics, growing application industries, and increasing demand from Consumer goods and FMCG sectors.

Market Highlights:
Although commodity plastics have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of commodity plastic market. This has also resulted in the development of newer and improved application and performance properties; commodity plastic that are fast, easy, and low cost are in demand. Such newly developed commodity plastic includes fast curing polyethylene and polyurethanes, PVC and PET and others.

Commodity plastics belongs to a superior class of plastic material which are broadly used in large volume in multiple applications which majorly include packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others.

These plastics are used in application industries to enhance their mechanical properties and simultaneously helps in reducing the cost of production. However, from the manufacturers’ side, this has created a platform to increase the production capacity to meet the current demand.

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Global Commodity Plastic Market Share (2015) By Type

The global commodity plastic market by type has been divided into polyethylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and other, however, polyethylene has acquired the largest market share of 31% of total market with an estimated value of USD 110.8 billion in 2016 and expected to touch USD 155.9 billion by the end of forecasted year with a CAGR of 5.58%, followed by polypropylene and polyvinyl chloride.
Polyethylene (PE) is undoubtedly one of the most popular plastic across the globe which is majorly used in the plastic industries to manufacture plastic bottles, plastic toys, and grocery bags and also in bullet proof jackets.

Along with this, PE also holds a significant role in other application industries such as packaging, electronics, automotive and many others.

In the global commodity plastic market, polyethylene holds a largest market share of 31% in 2016 with an estimated value of USD 110.8 billion in 2016 and is expected to reach USD 155.9 billion by 2022 at a CAGR of 5.85%. Moreover, in terms of volume, the global demand for polyethylene in 2016 was 69.9 MMT and in poised to reach 93.7 MMT by 2022 with a CAGR of 5.01%. Geographically, Asia-Pacific holds the largest market share in terms of both value and volume during the forecast period.

Few Points In TOC:
4 Market Dynamics:
4.1 Growth Drivers 20
4.1.1 Wide Range of Applications 21
4.1.2 Growing Asia-Pacific Market 21
4.1.3 Increasing Demand from FMCG And Plastic Packaging Industries 22
4.2 Restraints 22
4.2.1 Economic Cycle 23
4.2.2 Stringent Environmental Regulations on Non-Biodegradable Plastic Residues Challenging Market Growth 23
4.2.3 Increasing Demand - Supply Gap 23
4.3 Trends and Opportunities 24
4.3.1 Emerging Economies 24
5 Market Factor Analysis:
5.1 Value Chain Analysis 25
5.1.1 Raw Material Suppliers 25
5.1.2 Commodity Plastic Manufacturers 25
5.1.3 Distributor/Supplier 26
5.1.4 End Users 26
5.2 Porter's 5 Forces Analysis 26
5.2.1 Threat from New Entrants 27
5.2.2 Bargaining Power of Buyers 27
5.2.3 Bargaining Power of Supplier 27
5.2.4 Threat from Substitutes 28
5.2.5 Threat of Rivalry 28
6 Global Commodity Plastic Market, By Type:
6.1 Introduction 29
6.2 Polyethylene 31
6.3 Polypropylene 37
6.4 Polyvinyl Chloride 43
6.5 Polyethylene Terephthalate 49
6.6 Polystyrene 55
6.7 Other Types 61

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List OF Table:
TABLE 1 GLOBAL COMMODITY PLASTIC MARKET, BY TYPE, 2014-2022 (USD BILLION) 31
TABLE 2 GLOBAL COMMODITY PLASTIC MARKET, BY TYPE, 2014-2022 (MMT) 31
TABLE 3 GLOBAL POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (USD BILLION) 33
TABLE 4 GLOBAL POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (MMT) 33
TABLE 5 NORTH AMERICA POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (USD BILLION) 34
TABLE 6 NORTH AMERICA POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (MMT) 34
TABLE 7 EUROPE POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (USD BILLION) 35
TABLE 8 EUROPE POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (MMT) 36
TABLE 9 ASIA-PACIFIC POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (USD BILLION) 36
TABLE 10 ASIA-PACIFIC POLYETHYLENE MARKET FOR COMMODITY PLASTIC, BY REGIONS (2014-2022) (MMT) 37

Akash Anand,
Market Research Future
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Maharashtra, India
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Email: akash.anand@marketresearchfuture.com

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