Press release
Asia-Pacific Thermoplastics Market Size, Competitive Analysis, Share, Forecast- 2020-2026
Asia-Pacific Thermoplastics Market
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The Asia-Pacific thermoplastics market is segmented based on type and application. Based on type, the market is broadly categorized into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others. The packaging is the major application of thermoplastics and is estimated to contribute a significant share to the market.
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Geographically, the Asia-Pacific thermoplastics market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China contributed the major share in the Asia-Pacific plastics market and is estimated to retain its position during the forecast period. China is the largest producer and consumer of thermoplastics, backed by the largest automotive manufacturing industry, and the electronics industry across the globe. India is estimated to project the fastest CAGR during the forecast period.
Furthermore, some of the key players in the market include Mitsubishi Chemical Corp., Reliance Industries Ltd., Sumitomo Chemical Co., Ltd., JSR Corp., Kuraray Co. Ltd., and Toray Group. These companies are using several strategies to expand market share and gain a competitive advantage over their competitors. The strategies include new product launches, mergers and acquisitions, partnerships, and collaborations. For instance, in September 2019, JSR Corp. announced that it has developed a new styrene-butadiene copolymer rubber (SBR) for automotive tires. The new SBR features significantly improved mechanical strength, wear-resistance, and durability.
Market Segmentation
Asia-Pacific Thermoplastics Market by Type
• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinylchloride (PVC)
• Polyethylene Terephthalate (PET)
• Others
Asia-PacificThermoplastics Market by Application
• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Household, Leisure & Sports
• Agriculture
• Others
Regional Analysis
• China
• Japan
• India
• Rest of Asia-Pacific
Company Profiles
Asahi Kasei Corp.
• Overview
• Asahi Kasei Corp. in Thermoplastics Landscape
• Recent Developments
• Borouge PTE Ltd.
• CHIMEI Corp.
• Formosa Plastics Corp.
• Hanwha Group
• Jam Petrochemical Co.
• JSR Corp.
• Kuraray Co., Ltd.
• LANXESS AG
• LOTTE Chemical Corp.
• Mitsubishi Chemical Corp.
• Mitsui Chemicals, Inc.
• Reliance Industries Ltd.
• Shin-Etsu Chemical Co., Ltd.
• Sumitomo Chemical Co., Ltd.
• Teijin Ltd.
• Toray Group
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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