Chemicals Industry Today
Commodity Plastic Market: Global Industry Analysis and Opportunity Assessment 2018-2022
Commodity Plastic Market Overview to 2023
Commodity plastics belongs to a superior class of plastic material which are broadly used in large volume in multiple applications which majorly include packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others. These plastics are used in application industries to enhance their mechanical properties and simultaneously helps in reducing the cost of production. However, from the manufacturers’ side, this has created a platform to increase the production capacity to meet the current demand.
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Global commodity plastic market research report published by market research future sharing details on market analysis, new technology, scope, stake, progress, trends and forecast up to 2022. Global commodity plastic market information - by type (polyethylene, polypropylene, polypropylene, polyethylene terephthalate, polystyrene and others), by application (packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others) and by region - forecast to 2022 Commodity Plastic Market- Top 10 Global Key Players and Their Strategy: The key players in Global Commodity Plastic Market report included are BASF SE, The Dow Chemicals Company, SABIC, Arkema SA, Mitsui Chemicals, LG Chemicals and Mitsubishi Chemicals Holdings Corporation.Global Commodity Plastic Market research report spread across 190 Pages consist 216 Tables and 35 Figures also include Top 10 Global key players that sharing latest types, technology, application by 2022.
- Global commodity plastic market is projected to reach USD 493.1 billion by 2022 with 5.56% CAGR during review period of 2016-2022
- Asia-Pacific accounted for largest share due to growing application industries in this region
- Among types, polyethylene has acquired the market share of 31% in 2015 with the market value of USD 105.4 billion growing at a CAGR of 5.85% till forecast period.
- Among applications, packaging industry emerged as the leading application industry in global commodity plastic market.
Target Audience 2018 to 2022
- Commodity plastic producers
- Traders and distributors
- Association and government bodies.
- Application industries
- Plastic manufacturers
- Research institute
For more technical and professional details Book Complete Commodity Plastic Market Report at https://www.marketresearchfuture.com/reports/commodity-plastic-market-2771
The global commodity plastic market by type has been divided into polyethylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and other, however, polyethylene has acquired the largest market share of 31% of total market with an estimated value of USD 110.8 billion in 2016 and expected to touch USD 155.9 billion by the end of forecasted year with a CAGR of 5.58%, followed by polypropylene and polyvinyl chloride.
The report covers brief analysis of geographical region such as:
Rest of Asia-Pacific
The global commodity plastic market has grown at a CAGR of 4.7% in terms of volume and 5.6% in terms of value, during the period 2016-2022. The factors driving the growth of the global market are advancements in the end user industries of commodity plastics, growing application industries, and increasing demand from Consumer goods and FMCG sectors.