Commodity Plastics Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, and Others), By Applications (Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical & Pharmaceutical, and Others) By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCommodity Plastics Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, and Others), By Applications (Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical & Pharmaceutical, and Others) By Region, and Competition
China's overall production of plastic products amounted to 80 million metric tons in 2021.
Promising demand from the packaging industry
According to the World Packaging Organization, the Global Packaging Market is growing at 5.5%.
Low-Cost Substitute for Metal
Aluminum, steel, and glass can all be replaced with polymeric materials. They contain both amorphous and semi-crystalline polymers. Due to their exceptional strength, stiffness, impact resistance, temperature resistance, and fire resistance, these plastics are widely employed in applications in the automotive, transportation, appliance, electronics, communications, and aerospace industries. Commodity plastics include polymers, Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, and polymethyl methacrylate. With plastic, approximately 40% cost reduction is possible, which helps in the competitive price of the product.
Growing Technological Advancement for Sustainable Development
For instance, the Coca-Cola European partners committed to recycle 50% of the plastic used in PET bottles by 2025 and collecting 100% of the packaging plastic in Western Europe.
Market Segmentation
Market players
ExxonMobil Corporation, BASF SE, Chevron Phillips Chemical Co., LLC, Dow Inc., SABIC, LyondellBasell Industries N.V., Reliance Industries Limited, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corporation, and Hanwha Solutions Corporation are some of the key market players.
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Attribute |
Details |
|
Base Year
|
2022 |
|
Historic
Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments Covered |
·
Type ·
Application |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South
Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
ExxonMobil
Corporation, BASF SE, Chevron Phillips Chemical Co., LLC, Dow Inc., SABIC,
LyondellBasell Industries N.V., Reliance Industries Limited, Chevron Phillips
Chemical Co., LLC, Lotte Chemical Corporation, and Hanwha Solutions
Corporation |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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