Press release
Plastic Market to reach USD 680.04 Bn. by 2029, emerging at a CAGR of 5.0 percent and forecast 2023-2029
Plastic Market
Maximize Market Research Pvt Ltd presents a comprehensive research report that covers market trends from 2017 to forecast developments through 2029. With 2022 as the base year, the report delves into the impact of lockdown on market dynamics and the subsequent effects on demand, supply, and the strategies employed by select companies during this period.
Our experts have diligently assessed market dynamics, ensuring a thorough understanding of the plastic market. The report's methodology is designed to provide valuable insights for stakeholders seeking informed decisions.
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Plastic Market Dynamics:
The plastic market is driven by increased utilization in the construction, automotive, and electrical and electronics industries. Plastic's adoption as a substitute for metals in vehicle component fabrication, in compliance with fuel efficiency and emission reduction regulations, is contributing to market expansion. Additionally, growth in construction spending in emerging economies such as Brazil, China, India, and Mexico is boosting plastic demand. However, concerns surrounding plastic waste and its environmental impact pose significant challenges to the industry.
Plastic Market Regional Analysis:
Asia Pacific, including China, emerged as a dominant force in the global plastic market, accounting for over 44.0% of worldwide revenue in 2021. Increased plastic consumption in various sectors such as automotive, construction, packaging, and electrical and electronics industries is expected to drive growth in the region. Furthermore, Asia Pacific's rapid urbanization, improved economic conditions, and infrastructure development projects are contributing to the market's robust 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.
Get to Know More About This Market Study: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
COVID-19 Impact Analysis on Plastic Market:
The impact of COVID-19 pandemic on Plastic market has also been included in the report.
Key Questions Answered in the Plastic Market Report are:
Which are the prominent players in the Plastic market?
What key trends are likely to emerge in the Plastic market in the coming years?
What will be the Plastic market size by 2029?
Which company held the largest share in the Plastic market?
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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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