As per this study the Global Plastics Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Plastics are synthetic material manufactured from a wide range of organic polymers such as PVC, nylon, and polyethylene. It’s an artificial substance with numerous applications in various industry such as packaging, construction, electrical, automotive, medical devices, agriculture, furniture & bedding, consumer goods, and others. Additionally, it is versatile, hygienic, lightweight, flexible and highly durable.
The increasing number of applications in end-user industries coupled with a shifting preference of consumers towards plastic products is driving the market growth. Rising demand for convenient and attractive products owing to rapid urbanization and industrialization is again boosting the market growth. Additionally, shifting preference of plastic over glass and metals is further fuelling the market growth. On the other hand, fluctuating raw material price and environmental concern associated with the use and disposal of plastic may restrict the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of plastics.
The broad plastics market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Polyethylene (PE)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Polybutylene Terephthalate (PBT)
- Polyphenylene Oxide (PPO)
- Epoxy Polymers
- Liquid Crystal Polymers
- Polyether Ether Ketone (PEEK)
- Polycarbonate (PC)
- Polyamide (PA)
- Polysulfone (PSU)
- Polyphenylsulfone (PPSU)
- Medical Devices
- Furniture & Bedding
- Consumer Goods
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for plastics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Plastics Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the plastics market include Arkema, BASF SE, Celanese Corporation, Chevron Phillips Chemical Co. LLC, Covestro (Bayer Material Science), DowDuPont, Eastman Chemical Company, Evonik Group, ExxonMobil, Formosa Plastics, Lotte Chemical Corporation, Mitsui Plastics, SABIC, Sumitomo Chemicals, Teijin Plastics and TORAY. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.