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.
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Key growth Factors Affecting on Plastics Market:
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. Unpredictable prices of major raw materials together with increasing environmental considerations concerning disposal of plastic are projected to hamper market growth during the forecast period. To conquer these challenges, the market industry has switched its focus towards producing bio-based options to petroleum-based conventional plastics. Key plastics producers have been developing JV and have been co-operating with biotechnology sector to unite their operations to produce bio-based plastics. Furthermore, future technologies to reprocess plastics for the fabricating plastics into textile stuff for a variety of end user products shows huge market opportunities.
Prominent Players of Plastics Market
E. I. duPont de Nemours and Company
Saudi Basic Industries Corporation
Dow Chemicals and BASF SE
Nan Ya Plastics
The Plastics Market Is Segmented As Follows –
By Product type
Film & Sheet
Plastics Market – By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Table of Contents
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2.Executive Summary
Chapter 3.Market Overview
Chapter 4.Plastics Market, By Product Type
Chapter 5.Plastics Market, By Application
5.2.Plastics Market Assessment and Forecast, By Application, 2016-2025
5.3.Film & Sheet
22.214.171.124.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
126.96.36.199.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
188.8.131.52.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
184.108.40.206.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
220.127.116.11.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
18.104.22.168.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
Chapter 6.Plastics Market, By Region
Chapter 7.Company Profiles
7.2.Eastman Chemical Company
7.3.E. I. DU PONT DE NEMOURS AND COMPANY
7.4.CHEVRON PHILIPS CHEMICAL COMPANY
7.5.EXXON MOBIL CORPORATION
…CONTINUED FOR TOC
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FEATURES OF THE REPORT:
1. The analysis of Plastics market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.
2. The key players in the market and their share in the global market are discussed.
3. The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.
4. The Plastics market report provides some important points related to growth factors, challenges, opportunities, end-user analysis, achievement and so on.
5. The latest trends that are being followed in the market are included along with an example.
6. How technological advancement and research, as well as development activities, are impacting the market is explained in detail.
7. The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.
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