China Plastics Market Share 2021: Trends, Key Players, Industry Analysis and Report 2021-2027

China's plastics market will see a considerable growth of 3.7% during the forecast period. China is the largest producer of automotive and electronics across the globe. As per the Observatory of Economic Complexity (OEC), in 2018, vehicle parts were ranked the sixth position, in the most traded products from China across the globe, with a total trade of $396 billion.
In 2018, the top exporters of vehicle parts were Germany ($68.1 billion), Japan ($36.3 billion), China ($34.2 billion), Mexico ($30.1 billion), and the US ($ 27 billion). In China, vehicle manufacturing is a mix of production by joint ventures and domestic production, with 44.0% solely by domestic firms and 56.0% of vehicles produced by joint ventures. Therefore, the demand for plastics across the manufacturing of such a large sum of automotive drives the growth of the plastics industry in the country.

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Moreover, China has a major contribution to the global electronics sector, as it is the country's most popular export category. China exports many electronic components across the globe, that are used in televisions and smartphones. All the major electronic components, including LED chips, printed circuit boards, memory, mobile displays, capacitors, and open-cell TV panels, are imported from China.

Globally, the demand for consumer electronic products is one of the major aspects of the increasing exports from the country. Therefore, the significant manufacturing base of electrical and electronics is one of the major factors contributing to the adoption of plastics in the country.

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Market Coverage

• Study Period- 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segments Covered- By Type and By Application
• Key Companies Profiled- Asahi Kasei Corp., Hanwha Group, Sumitomo Chemical Co., Ltd., Jam Petrochemicals Co., Toray Group, and Showa Denko K.K.

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

China Plastics Market – Segmentation

By Type

• Thermoplastics
• Thermosets

By Application

• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Household, Leisure & Sports
• Agriculture
• Others

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Company Profiles

• Asahi Kasei Corp.
• CHIMEI Corp.
• Formosa Plastics Corp.
• Hanwha Group
• HEXPOL AB
• Jam Petrochemical Co.
• Kingfa Sci & Tec Co.
• LOTTE Chemical Corp.
• Showa Denko K.K.
• Sumitomo Chemical Co., Ltd.
• Toray Group

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Media Contact:

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Company Name: Orion Market Research

About Orion Market Research

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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