Press release
Commodity Plastics Market Size and Share with Leading Players, Growth, Growth Opportunities and Forecast 2028
Commodity Plastics Market Forecasts to 2028
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The commodity plastics refer to plastics used in large volume for regular household applications and have higher mechanical strength as compared to other substitutes therefore these plastics are not used in critical service environments. These plastics are highly suitable for packaging applications as they can be easily recycled and molded into a variety of shapes. Commodity plastics are produced in high volumes for various applications where special material properties are not needed. Commodity plastics are immune to abrasion, lighter in weight, and structurally.
By geography, Asia Pacific is going to have high growth during the forecast period due to the growing demand for commodity plastic from the packaging and medical & pharmaceutical sector, especially in Asian countries like China, India, and Japan, is expected to drive the market growth in the region. Moreover, economic and healthcare development in the Asia Pacific countries associated with rising investments in the construction industry are major factors that are expected to drive the demand for commodity plastic in the region over the forecast period.
Some of the key players profiled in the Commodity Plastics Market include BASF SE, Dow Inc., SABIC, DuPont de Nemours, Inc., Mitsubishi Chemicals Holdings Corporation, Eastman Chemical Company, LG Chemicals, Chevron Phillips Chemical Co., LLC, Arkema SA, Exxon Mobil Corporation, Nippon Polyurethane Industry Corp Ltd., Huntsman Corporation, Mitsui Chemicals Inc., Qatar Petroleum and Exxon Mobil.
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Types Covered:
• Polyethylene Terephthalate (PET)
• Polyester
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polystyrene (PS)
Type of Plastics Covered:
• Recyclable
• Non Reusable or Recyclable
• Reusable and Recyclable
End Users Covered:
• Furniture & Décor
• Textiles (Fibers and Fabrics)
• Packaging
• Electrical & Electronics
• Medical & Pharmaceutical
• Automotive & Transportation
• Building & Construction
• Consumer Durable Goods
• Other End Users
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StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
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