Plastic Market: Key Player Profiles, Segment Analysis, and Demand Forecast to 2024-2031 | ExxonMobil Corporation, Dow, SABIC, LyondellBasell Industries N.V., BASF SE

The Plastic Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Plastic market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Plastic Market reached US$ 542.3 billion in 2023 and is expected to reach US$ 708.6 billion by 2031, growing with a CAGR of 3.4% during the forecast period 2024-2031.

Plastic is a synthetic material made from polymers, which are long chains of molecules. It is typically derived from petrochemicals, though some plastics can also be made from renewable resources. Plastics are versatile and can be molded into a wide variety of shapes and forms, making them suitable for numerous applications in industries such as packaging, automotive, construction, electronics, and healthcare. Due to their durability, lightweight nature, and cost-effectiveness, plastics are widely used. However, their environmental impact, particularly in terms of waste and pollution, has led to increased focus on recycling and the development of more sustainable alternatives.

Key Developments:

❁ On November 28, 2022, LyondellBasell, a global leader in plastics production, collaborated with automotive manufacturer Audi to develop automotive plastic parts made from recycled plastic waste.

❁ On November 18, 2022, LyondellBasell, a multinational chemical company specializing in plastics, teamed up with Audi to produce automotive plastic components using recycled plastic waste.

❁ On August 29, 2022, Reliance Industries Ltd, a prominent Indian plastics manufacturer, unveiled a new polyethylene terephthalate (PET) bottle manufacturing plant in Dahej, Gujarat, India. The company also committed to recycling over 5 million PET bottles annually.

List of the Key Players in the Plastic Market:

ExxonMobil Corporation, Dow, SABIC, LyondellBasell Industries N.V., BASF SE, INEOS Group, TotalEnergies SE, Chevron Phillips Chemical Company LLC, Lanxess AG, and Reliance Industries Limited.

Research Process:

Both primary and secondary data sources have been used in the global Plastic Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Plastic Market:

By Type: Thermoplastic, Thermosetting Plastic

By Processing: Injection Molding, Blow Molding, Extrusion, Rotational Molding, Thermoforming, Compression Molding, Others

By Processing: Injection Molding, Blow Molding, Extrusion, Rotational Molding, Thermoforming, Compression Molding

By Plastic Resin: Virgin Plastic, Recycled Plastic

By Application: Bottles and Containers, Films and Sheets, Pipes and Fittings, Automotive Parts, Electrical and Electronic Components, Toys and Games, Furniture, Medical Devices, Others

Regional Breakout:

The global Plastic Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Plastic manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Plastic in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Plastic market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Plastic market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Plastic market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Plastic market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Plastic market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Plastic market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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