Press release
Plastic Market: Including market values, report scope, research methodology, drivers, restraints, and regional insights
Plastic Market to reach USD 680.04 Bn by 2029, emerging at a CAGR of 5.0 percent and forecast 2023-2029Plastic Market Report Scope and Research Methodology:
Report Scope:
This report covers market trends from 2017, forecasting the market outlook through 2029, with 2022 as the base year. It offers a special focus on the impact of the COVID-19 pandemic on market dynamics and analyzes the performance of select companies during this period.
Research Methodology:
Our research methodology employs robust techniques to ensure the accuracy and reliability of our findings. We have thoroughly analyzed data and considered the effects of the COVID-19 pandemic on production, supply chains, and market disruptions.
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Plastic Market Dynamics:
Key Drivers:
The report highlights the increasing use of plastics in the construction, automotive, and electrical and electronics industries, driven by regulations aimed at improving fuel efficiency and reducing carbon emissions. Additionally, the growth of the construction sector in emerging economies such as Brazil, China, India, and Mexico is contributing to the rising demand for plastics.
Restraints:
Environmental concerns related to plastic waste are a significant obstacle to the growth of the commodity plastics industry. Slow decomposition of plastic waste poses environmental hazards, affecting soil quality, groundwater, and marine life.
Plastic Market Regional Insights:
Asia Pacific Dominance: In 2021, the Asia Pacific region, including China, accounted for over 44.0% of global revenue. The automotive, construction, packaging, and electrical and electronics industries in this region are witnessing increased plastic consumption due to industrial expansion. India and China's growing car production and robust chemical manufacturing industry in India further contribute to the market's growth.
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Plastic Market Segmentation:
by Product
PE
PP
PU
PVC
Polystyrene
ABS
PBT
PPO
Epoxy Polymers
LCP
PC
Polyamide
by Application
Packaging
Automotive & Transportation
Infrastructure & Construction
Consumer Goods/Lifestyle
Healthcare & Pharmaceutical
Electrical & Electronics
by Technology
Injection Molding
Blow Molding
Extrusion Molding
Thermoforming
Rotational Molding
Plastic Market Key Players:
1. BASF SE
2. SABIC
3. Dow Inc.
4. DuPont de Nemours, Inc.
5. Evonik Industries
6. Sumitomo Chemical Co., Ltd.
7. Arkema
8. Celanese Corporation
9. Eastman Chemical Company
10. Chevron Phillips Chemical Co., LLC
11. Lotte Chemical Corporation
12. Exxon Mobil Corporation
13. Formosa Plastic Corporation
14. Covestro AG
15. Toray Industries, Inc.
16. Mitsui & Co. Plastic Ltd.
To Know More Details:https://www.maximizemarketresearch.com/market-report/global-plastic-market/100495/
Table of content for the Plastic Market includes:
1. Global Plastic Market: Research Methodology
2. Global Plastic Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Plastic Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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