Plastics Market Global Industry Perspective, Comprehensive Analysis And Forecast 2019-2027 By Top players | SABIC, BASF SE, Evonik Group, DowDuPont, Arkema, Sumitomo Chemicals, Eastman Chemical Company

The global Plastics Market is forecast to reach USD 776.68 Billion by 2027, according to a new report by Reports and Data. The term plastic, derived from ''plastikos'', refers to plasticity or malleability of a material during manufacture that allows it to be pressed, cast, or extruded into different shapes like fibers, bottles, tubes, and films, among others.

Have Queries? To request a sample or speak to an expert before you buy the report, click on the link below @ https://www.reportsanddata.com/sample-enquiry-form/2342

There are various kinds of plastics, but it can be primarily classified into two polymer groups- Thermoplastics and Thermosets. Thermoplastics are those polymers that soften on heating and hardens on cooling. In the case of Thermosets, it never softens after it is molded.

Key participants include SABIC, BASF SE, Evonik Group, DowDuPont, Arkema, Sumitomo Chemicals, Eastman Chemical Company, Celanese Corporation, Chevron Phillips Chemical Co. LLC and Lotte Chemical Corporation.

The continuously growing demand for light-weight vehicles is one of the mentionable factors supporting the market growth. High-performance plastics can provide significant mechanical strength along with minimizing the overall weight. Furthermore, elevated awareness about adverse environmental impact associated with the use of plastics and the development of biodegradable plastics, are opening new avenues for the market players. In context to region, North America can be seen to occupy a prominent market share. The market share held by the region is associated with a well-established digital food ordering culture and continuously expanding automotive industry.

For the purpose of this report, Reports and Data have segmented the global Plastics market according to Product Type, Degradability, End-user, Application, and Region:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Polypropylene
o Polyethylene
o Polyvinyl chloride
o Polyurethane
o Polystyrene
o Polyethylene terephthalate
o Acrylonitrile butadiene styrene
o Polyphenylene oxide
o Polybutylene terephthalate
o Liquid crystal polymers
o Epoxy polymers
o Polycarbonate
o PEEK
o Polyamide
o PPSU
o Polysulfone
o Others

Degradability Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Non-biodegradable conventional plastics
o Biodegradable plastics

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Construction
o Packaging
o Automotive
o Electrical & electronics
o Agriculture
o Medical devices
o Consumer goods
o Furniture & bedding
o Others

Any Query or Discount? Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/2342

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Food packaging
o Bottled water
o Carbonated soft drinks
o Other Product Type of drinks
o Non-Food packaging
o Sheet & Film
o Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o In context to Product Type, the Polyethylene segment generated the highest revenue of USD 98.63 Billion in the year 2018. The extensive use of polyethylene in various products like bottles, due to its properties like dimensional stability, and enhanced mechanical properties, contributes to the revenue generated by this segment.
o In context to Application, the Sheet & Film segment is projected to witness the fastest growth rate of 4.7% during the forecast period. The growth rate of the segment has been the result of the expansion of the automobile industry and the electronics industry, wherein it is mostly required in the form of sheets & films.
o In context to End-user, the Packaging segment held the largest market share of 31.0% in 2018. Traits of plastics like significant water resistance, and flexibility, makes it an ideal choice as packaging material, contributing to the market share held by the segment.
o In regards to the region, Europe held 22.0% of the market in 2018. Advancements in the automobile industry, and electronics sector, along with the continuously growing healthcare sector, contributes to the market share held by Europe.

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.reportsanddata.com/report-detail/plastics-market

Reasons to buy this market intelligence report:
o Detailed market evaluation both at regional and global levels.
o Significant changes in market scenario, along with an extensive competitive analysis
o Classification of the industry based on product type, application, and region
o Market segments segregated on the basis of type, application, and geography
o Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
o Investigation of significant developments in the market dynamics
o Market segments and regions

In conclusion, the Plastics Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

Contact Us:

John Watson
Head of Business Development
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.