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$ 493.74 Billion Worth “Commodity Plastics Market”, Led by Dow Chemical, Exxon Mobil, BASF and Others.

08-17-2020 08:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

According to Market Study Report, Commodity Plastics Market provides a comprehensive analysis of the Commodity Plastics Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Commodity Plastics Market was estimated at USD 359.42 Billion in 2017 and is projected to reach USD 493.74 Billion by 2022,at a CAGR of 6.6% during the forecast period. This report spread across 131 Pages, Profiling 11 Companies and Supported with 70 Tables and 37 figures are now available in this research.

Top Key Players Profiled in the Commodity Plastics Market:
• Dow Chemical (US)
• Exxon Mobil (US)
• BASF (Germany)
• Sinopec (China)
• SABIC (Saudi Arabia)
• LG Chem (South Korea)
• Sumitomo Chemical(Japan)
• Lyondel lBasell (Netherlands)
• Ineos (Switzerland)
• Formosa Plastics (Taiwan)
• Mitsubishi Chemical (Japan)

Increased disposable income of the middle-class families is generating the need for consumer goods such as food containers, plastic utensils, weather-resistant clothing, indoor-outdoor carpeting, and so on. Owing to the increased disposable income, the purchasing power of the middle-class families has increased.

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The commodity plastics market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. China and India are the key markets for commodity plastics in the Asia Pacific region. The growth of the commodity plastics market in this region can be attributed to the increased demand for commodity plastics in the packaging and construction applications.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 71%, Tier 2 –23%, and Others – 6%
• By Designation: C Level –48%, Director Level – 31%, and Others –21%
• By Region: North America – 18%, Europe – 38%, Asia Pacific – 17%, South America – 7%, and Middle East & Africa – 20%

Competitive Landscape of Commodity Plastics Market:
1 Overview
2 Market Ranking
3 Competitive Scenario
3.1 Contracts, Expansions, Agreements, and Investments
3.2 Mergers, Joint Ventures, and Acquisitions
3.3 New Product Launches

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Research Coverage:
The commodity plastics market has been segmented on the basis of type, application, and region. This report covers the commodity plastics market, in terms of value and volume, and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by key players in the commodity plastics market.

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