Thermoplastics Market Report with impact of COVID19 - Industry Insight and Growth Strategy by Business Players Forecasts up to 2026
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The global thermoplastics market is expected to grow at a CAGR of 5.8% during the forecast period of 2020-2026.
The following factors may contribute to market growth:
- Increasing demand for lightweight automotive parts
- Rapidly growing consumer goods and electronics industry
- Strict carbon emission regulations
The thermoplastics market is divided by type, end user and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
The detailed segments and subsegments of the market are as follows: by type :
- Acrylonitrile Butadiene Styrene (ABS)
By end user
- Consumer goods
- Electrical and electronic equipment
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The thermoplastics market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, United Kingdom, and other Europe), Asia Pacific (China, Japan, India, Australia, and other Asia Pacific). ) And other regions.
The Asia-Pacific region is expected to hold the largest share of the global thermoplastics market, as Asian countries such as India and China are the major manufacturing hubs for many multinational companies. This regional growth, better availability of natural resources, cheap labor, and various companies is caused to support the government in order to encourage the establishment of a production plant in these countries it will be to cause the estimated .. Thermoplastics are one of the raw materials, and demand is increasing in China and India due to the expansion of production plants.
Detailed contents of the survey report
The thermoplastics market include The 3M Company, Arkema SA, BASF SE, Covestro AG, DuPont de Nemours, Inc.,, SABIC, Solvay SA and LG Chem Ltd. ., Mitsubishi Engineering-Plastics Corporation, etc. The survey includes a detailed competitive analysis of these major companies in the thermoplastics market, corporate profiles, recent developments, and key market strategies.
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