Plastic Materials And Resins Market Global Demand, Research And Top Leading Player To 2022

Plastic Materials And Resins Market - By Types (High Density Polyethylene, Polypropylene, Low-Density Polyethylene, Polystyrene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane And Others), By Trends (Technological Developments, Environmentally Friendly Products, Automated Manufacturing, Use Of Recycled Plastic Products As Raw Material) By Companies, And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global plastic material and resins market reached a value of nearly $490.5 billion in 2018, having declined at a compound annual growth rate of more than -0.4% since 2014. Growth in the historic period resulted from the increased demand for industrial packaging products, growth of key end-use markets for plastics, and technological developments.

The Key drivers of the plastic material and resins market include:-
Increased Demand For Industrial Packaging Products: The demand for industrial packaging products has increased recently, particularly in emerging economies such as China and India. As the size of the middle-class grew in these countries, the consumption of processed foods, poultry, meat and agricultural products increased.

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Plastic Materials And Resins Market Segmentation:-
By Product Type
1. High-Density Polyethylene
2. Polypropylene
3. Low-Density Polyethylene
4. Polystyrene
5. Poly-Vinyl Chloride
6. Polyethylene Terephthalate
7. Polyurethane
8. Plastic Materials And Resins
9. Others

Others segment was the largest segment in the global plastic materials and resins market by type of product in 2018, accounting for 39.4% of the market. Acrylic polymers, polyethers, polyamide, epoxide resins, amino resins, polycarbonates, elastomeric resins, vinyl acetate copolymers are the major plastic materials and resins within the others segment which constitute around 70% of the others segment.

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By Geography - The plastic material and resins market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the plastic material and resins market are
1. LyondellBasell Industries
2. Total SA
3. Ineos AG
4. Formosa Plastics Group
5. Covestro AG

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.