The Plastics market is expected to grow from an estimated USD 631.5 billion in 2024 to USD 938.5 billion in 2033, at a CAGR of 4.5%.
In the next years, the worldwide plastics market is anticipated to be driven by the growing use of plastics in place of glass, metals, wood, natural rubber, and other materials. Additionally, one of the markets with the strictest regulations worldwide is plastic resins. There are several companies that offer a range of plastic resins in the worldwide resins industry.
Polyvinyl chloride (PVC), polyethylene terephthalate (PET), polypropylene (PP), polybutylene terephthalate (PBT), polyphenylene oxide (PPO), polyurethane (PU), polyether ether ketone (PEEK), polycarbonate (PC), polysulfone (PSU), polyamide (PA), and polyphenylsulfone (PPSU) are a few examples of plastic resins.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with the product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.
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Key companies operating in the market include:
BASF SE, SABIC, Dow, Inc., DuPont, Evonik Industries AG, Sumitomo Chemical Co., Ltd., Arkema, Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corporation, Exxon Mobil Corporation, Formosa Plastics Corporation, Covestro AG.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Market Segmentation:
- 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 (LCP)
- Polyether Ether Ketone (PEEK)
- Polycarbonate (PC)
- Polyamide (PA)
- Polysulfone (PSU)
- Polyphenylsulfone (PPSU)
- Others
- Injection Molding
- Blow Molding
- Roto Molding
- Compression Molding
- Casting
- Thermoforming
- Extrusion
- Calendering
- Others
- Packaging
- Building & construction
- Electrical & electronics
- Automotive
- Medical devices
- Agriculture
- Furniture & bedding
- Consumer goods
- Utility
- Others
Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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