Plastics

Global Plastics Market Size, Share & Trends Analysis Report by Material Type (PE, PP, PS, PVC, PUT, PET, ABS, PMMA, and Others) and by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Healthcare, Household, Leisure & Sports, Agriculture, and Others) and Forecast, 2019-2025 Plastics are human-made materials manufactured from polymers or long chains of repeating molecules, imitated from oil, natural gas. The small part of the production of plastics gradually includes the deployment of sugarcane and corn. Plastic finds its application in several sectors, including transportation, construction, healthcare, food products, telecommunications, and consumer goods. Global plastics market is estimated to have considerable growth, owing to rising urbanization, increasing adoption of plastics in packaging and other industry. Moreover, the rising demand for bioplastics and degradable plastics would propel the growth of the global plastics market in the near future.
Geographically, the global plastics market is classified into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is projected to have a significant market share in the global plastics market during the forecast period. The factors that are contributing to the market growth in the region includes the developed electronics industry in China and Japan, coupled with the high consumption of plastics in the consumer products in the region. Moreover, North America and Europe are estimated to have considerable market growth in the global plastics market, owing to the increasing adoption of biodegradable plastics and rising trends towards light weight vehicle in the automobile sector.
The global plastics market is influenced by product development and technological advancements conducted by the market players. The key players of the plastics market include BASF SE, Exxon Mobil Corp., Saudi Basic Industries Corporation (SABIC), Sumitomo Chemical Co., Ltd., The Dow Chemical Co., Celanese Corp., Chi Mei Corp., INEOS AG, Toray Industries, Inc., and LyondellBasell Industries N.V. These players are playing a significant role in the growth of the plastics market by providing various products and adopting several strategies such as a merger and acquisition, partnerships and collaboration, technological development, and others.
Research Methodology
The market study of the global plastics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalogue
The report is intended for a plastics manufacturer, supplier, and distributors, for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
1. Global Plastics Market Research and Analysis by Material Type
2. Global Plastics Market Research and Analysis by Application
The Report covers:
• Comprehensive research methodology of the global plastics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global plastics market.
• Insights about market determinants which are stimulating the global plastics market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.