Press release
Global Commodity Plastic Market Become Dominant At CAGR Of 5.53% By 2021
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts.
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Commodity plastics refer to a class of materials that are used as raw materials in different industries, such as packaging, textile, consumer goods, and electronics among others. These plastics can be molded or shaped into a range of solid objects such as food containers and bottles. The property of plasticity of commodity plastics, in combination with properties such as low electrical conductivity, low density, toughness, and transparency, allows commodity plastics to find application in a wide range of products.
Technavios analysts forecast the global commodity plastic market to grow at a CAGR of 5.53% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global commodity plastic market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Commodity Plastic Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market
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Key vendors
BASF
China Petrochemical Corporation
DuPont
Exxon Mobil
LG Chem
LyondellBasell Industries Holdings
SABIC
Sumitomo Chemical
The Dow Chemical Company
Other prominent vendors
Borealis
Chevron Phillips Chemical Company
Formosa Plastics
INEOS
National Petrochemical Company
NOVA Chemicals
Reliance Industries Limited
Royal DSM
USI
Versalis
Market driver
Increasing demand for the application of commodity plastics from the rigid packaging industry
For a full, detailed list, view our report
Market challenge
Fluctuations in the prices of raw materials such as natural gas or crude oil
For a full, detailed list, view our report
Market trend
New polymerization system for manufacturing environment-friendly commodity plastics
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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