Global Plastic Market 2022 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.
Global Plastic Market was worth US$ 460.28 Bn in 2021 and overall revenue is anticipated to rise at a rate of 5.0% from 2022 to 2029, reaching almost US$ 680.04 Bn in 2029.
Plastic Market Overview:
Rising plastic use in the automotive, electrical, and electronics industries is anticipated to fuel market growth over the course of the projected period. As a result of rules aimed at lowering the gross vehicle mass to improve fuel efficiency and lower carbon emissions, plastic is replacing metals like aluminium and steel in the production of automotive components. The growth of the building sector in developing nations like Brazil, China, India, and Mexico has contributed to the rise in demand for plastics.
The purpose of this study is to provide a thorough overview of the Plastic market by component, application, industry, and geography. The article goes into great detail about the primary factors influencing the Plastic market's growth. The report also includes a comprehensive examination of the market's value chain.
Market Scope:
Secondary research is used to assess and predict the Plastic industry, and it begins with sources that gather revenue data from major suppliers. When assessing market segmentation, vendor offerings are also considered. Using the bottom-up approach, the entire size of the Plastic market was calculated using the income of major enterprises.
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Segmentation:
Acrylonitrile butadiene styrene (ABS), Polybutylene terephthalate (PBT), Polybutylene terephthalate (PET), Polystyrene (PS), Polyethylene terephthalate (PET), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polyurethane (PU), Epoxy Polymers, and (PPO). In 2021, polyethylene accounted for more than 25.0% of total income. It is used in products like containers and bottles, plastic bags, plastic films, and geomembranes, to name a few. It can be used for many different things. Based on their molecular weight, PE polymers can be divided into three groups: HDPE, LDPE, and LLDPE. Low molecular weight PE polymers are utilised in lubricants, mid-range PE polymers are used as paraffin-miscible wax, and high-range PE polymers are used in the plastics industry.
Key Players:
We investigated the Plastic Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
The major players covered in the Plastic market report are:
• BASF SE
• SABIC
• Dow Inc.
• DuPont de Nemours, Inc.
• Evonik Industries
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corporation
• Exxon Mobil Corporation
• Formosa Plastic Corporation
• Covestro AG
• Toray Industries, Inc.
• Mitsui Co. Plastic Ltd.
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Plastic Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance are among the industries affected by the COVID-19 epidemic. COVID-19 has had an impact on the Plastic market as a whole, as well as the growth rate in 2019-2020 as COVID-19's impact spreads. Our most recent research, perspectives, and management knowledge are critical to the enterprises and associations in the Plastic sector, which is pushing through the COVID-19 emergency to deal with the danger of digitization employment in order to provide trustworthy facts and experiences to CEOs.
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Key Questions Answered in the Plastic Market Report are:
- Which segment captured the most market share in the Plastic market?
- What was the Plastic market's competitive environment in 2021?
- What are the primary elements driving the Plastic market's growth?
- In 2021, which region had the most proportion of the Plastic market?
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