A research study titled, “Plastics Market by Product Type and by Application – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the plastics market is projected to be around $1050.00 billion by 2025.
Check sample pages of this report:
Plastics Market Report Overview:
The plastics market was valued around USD 492.32 billion in 2016 and is expected to reach roughly USD 1050.00 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 8.78% during the forecast period, owing to various advantages of plastic materials. Plastics are a large array of synthetic or semi-synthetic natural solids which are molded or transformed into numerous useful products. Generally, plastics are natural polymers which occur sometimes naturally or developed from petrochemicals and have elevated molecular weights.
Global plastic market is regularized by means of the end user market application. Due to their low price, the flexibility of use, accessibility to raw materials and ease of production, plastics have dismissed many traditional materials such as paper, wood, metal, glass, leather, and ceramic in the most of their applications. The rising demand for durable and sustainable products in a variety of end-user industries is fueling the demand for a range of plastics worldwide. The expansion of key end use industries, primarily construction and packaging and flexible characteristics of plastics involving pressure resistance and better heat, making them more appropriate for various industries.
Plastics Market- Top Major Market Players:
The major players in the global plastic market include E. I. du Pont de Nemours and Company, Saudi Basic Industries Corporation, Dow Chemicals and BASF SE. Other players in the plastic market are ExxonMobil, LyondellBasell, Formosa Plastics, Indorama Corp., Nan Ya Plastics, M&G Chemicals, DAK Americas, Octal Petrochem and Total SA.
Plastics Market – Regional Outlook:
Asia Pacific regional market dominated the global plastics market and reported for 44.6% of overall market share in 2013. The expansion of major end-use industry, predominantly in economies such as India and China, are likely to drive plastics demand in the region. North America and Europe are moderately established markets and are anticipated to grow at fairly lower rates than other high growth regions.
European and North American plastics market are mainly stimulated by rising demand for environmental friendly and high-performance plastics materials like engineering thermoplastics and bio-based plastics. South & Central America is predicted to be the top growing market for plastic products with CAGR of 6.3% over forecast years.
Key Findings of the Research Study:
What was the plastics market size in 2016 and forecast from 2017 to 2025?
What will be the industry plastics market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the plastics market forecast?
What are the major segments leading the plastics market growth and why?
Which are the leading players in the plastics market and what are the major strategies adopted by them to sustain the plastics market competition?
List of Tables:
Table 1.Plastics Market, By Product Type ($Million), 2016-2025
Table 2.Polypropylene (PP) Market, By Region ($Million), 2016-2025
Table 3.PET Market, By Region ($Million), 2016-2025
Table 4.Polyethylene (PE) Market, By Region ($Million), 2016-2025
Table 5.PVC Market, By Region ($Million), 2016-2025
Table 6.Engineering Plastics Market, By Region ($Million), 2016-2025
Table 7.Polystyrene Market, By Region ($Million), 2016-2025
Table 8.lastics Market, By Application ($Million), 2016-2025
Table 9.Film & Sheet Market, By Region ($Million), 2016-2025
Table 10.Injection Molding Market, By Region ($Million), 2016-2025)
List of Figures:
Figure 1.Plastics Market Share, By Product Type, 2016 & 2025 ($Million)
Figure 2.Plastics Market, By Application, 2016 & 2025 ($Million)
Figure 3.Plastics Market, By Region, 2016, ($Million)
Figure 4.BASF SE: Net Revenues, 2014-2016 ($ Million)
Figure 5.BASF SE: Net Revenue Share, By Segment, 2016
Figure 6.BASF SE: Net Revenue Share, By Geography, 2016
Figure 7.Eastman Chemical Company: Net Revenues, 2014-2016 ($Million)
Figure 8.Eastman Chemical Company: Net Revenue Share, By Segment, 2016
Figure 9.Eastman Chemical Company: Net Revenue Share, By Geography, 2016
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy
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