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Commodity Plastics Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Exxon Mobil, LG Chem, Sumitomo Chemical Co. Ltd., The Dow Chemical, Saudi Basic Industries Corporation (SABIC)
Commodity Plastics Market
Commodity Plastics Market Size, Growth Rate, And Forecast
The global commodity plastics market size is expected to grow from $465.38 billion in 2022 to $498.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commodity plastics market size is expected to grow to $637.15 billion in 2027 at a CAGR of 6.3%.
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Commodity Plastics Market Drivers
The growing production of plastic is expected to propel the growth of the commodity plastics market going forward. The packaging industry refers to being actively engaged in the design and manufacture of packaging products. Commodity plastic such as polyethylene and polystyrene are used in applications of packaging film and foam packaging in the packaging industry.
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Commodity Plastics Market Segments
• By Type: Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate (PET), Poly (Methyl Methacrylate) (PMMA)
• By Plastic Type: Reusable, Recyclable
• By End-User: Packaging, Construction, Consumer Goods, Automotive, Electronics, Textiles, Medical and Pharmaceutical, Other End Use Industry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Commodity Plastics market.
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Commodity Plastics Market Key Players
Major competitors in the Commodity Plastics market include Exxon Mobil, LG Chem, Sumitomo Chemical Co. Ltd., The Dow Chemical, Saudi Basic Industries Corporation (SABIC), BASF SE, LyondellBasell Industries N.V., Sinopec, INEOS, Formosa Plastics, Borealis AG
The Business Research Company's "Global Commodity Plastics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Commodity Plastics Market Include:
1. Executive Summary
2. Commodity Plastics Market Characteristics
3. Commodity Plastics Market Trends And Strategies
4. Commodity Plastics Market - Macro Economic Scenario
5. Commodity Plastics Market Size And Growth
……….
26. Africa Commodity Plastics Market
27. Commodity Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commodity Plastics Market
29. Commodity Plastics Market Future Outlook and Potential Analysis
30. Appendix
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