Global Plastics Market Report 2021-2028: the market size is

Dublin, April 28, 2021 (GLOBE NEWSWIRE) – The “Plastics Market Size, Share and Trend Analysis Report by Product (PE, PP, PU, ​​PVC, PET, Polystyrene, ABS, PBT, PPO, Epoxy Polymers, LCP, PC”) ), Polyamide), By Application, By End Use, By Region and Segment Forecasts, 2021-2028 “report was added ResearchAndMarkets.com to offer.

The global plastics market is expected to reach $ 750.1 billion by 2028 and grow at an annual growth rate of 3.4% from 2021 to 2028.

It is expected that rising automobile production and a subsequent increase in plastic consumption in automobile component manufacturing due to regulatory guidelines related to vehicle weight reduction and fuel efficiency will drive the market during the forecast period. Plastics enable fuel savings in automotive applications due to the lower vehicle weight and density compared to conventional materials such as metals or rubber.

For the past decade, there has been a significant demand for the products to replace metals and ferrous alloys in various industries such as consumer goods, automotive and industrial machinery. The growth in market criticality depends on various factors, such as the ever-increasing demands of end users on product specification and the versatility, which influences the dynamics of consumption. Other factors such as socio-political events, production process and raw material availability events also have a significant influence on industry trends.

The rapidly developing construction and automotive markets in the Asia-Pacific region are expected to increase the demand for plastics in the interior, exterior and under the hood. Main applications include under-the-hood components in the automotive industry, the interior and exterior of buildings in the construction and infrastructure industries, and various applications in electronics and the consumer goods industry.

The COVID-19 outbreak is fueling demand for plastics in the medical consumer industry. Companies are focused on increasing their resources and production capacities to meet the increasing demand.

For example, in April 2020, Exxon Mobil Corporation announced it would increase its monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns due to the spread of the coronavirus. This increase in polypropylene production is expected to help medical mask and gown manufacturers produce an additional 20 million gowns, or 200 million medical masks.

The extrusion applications segment is expected to grow at a significant rate over the forecast period. It is widely used to make straws, hoses, pipes, and window frames. The increasing demand for these products from the packaging and construction industries is expected to create lucrative growth opportunities for the extrusion applications segment in the forecast period.

Plastics Market Report Highlights

  • In terms of sales, the Asia-Pacific packaging industry is expected to grow at a CAGR of 3.7% from 2021 to 2028
  • By product, polyetheretherketone is expected to post a CAGR of 7.5% on sales over the forecast period. The increasing demand from medical applications such as housings, valves, switches, guide components, sleeves, adapters, reducers, cylinders and ventilators is expected to have a positive effect on the segment growth in the forecast period
  • Various strategic initiatives have been registered in recent years to promote market growth. In August 2020, Sinopec Zhongke, China, prepared the commissioning of a new plant for the production of polypropylene (PP) in Zhanjiang by the end of August 2020. The plant has a production capacity of 350,000 tons / year of polypropylene

Key topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Summary

Chapter 3 Market Variables, Trends, and Scope for Plastics
3.1 Mapping penetration and growth prospects
3.2 Price trend analysis
3.3 Analysis of the industry’s value chain
3.4 Regulatory framework
3.4.1 Product Classification Codes
3.4.2 Standards & Conformities
3.5 Market dynamics
3.5.1 Market driver analysis
3.5.1.1 Growth of important end-user industries
3.5.1.2 Trend reversal towards the replacement of glass and metals
3.5.2 Analysis of market restrictions
3.5.2.1 Strict Rules & Regulations
3.5.3 Industry challenges
3.5.3.1 Volatile raw material prices
3.5.4 Macroeconomic Analysis
3.5.4.1 PESTEL analysis
3.5.4.2 Gross domestic product by country from 2017 to 2019
3.5.4.3 Per capita consumption of plastic by country, 2019 (in kg)
3.6 Industry analysis: plastics market
3.6.1 Porter’s five forces analysis

Chapter 4 Plastics Market: Product Estimates and Trend Analysis
4.1 Market: Product Movement Analysis, 2020 & 2028
4.2 polyethylene (PE)
4.3 polypropylene (PP)
4.4 Polyurethane (PU)
4.5 polyvinyl chloride (PVC)
4.6 polyethylene terephthalate (PET)
4.7 polystyrene (PS)
4.8 Acrylonitrile Butadiene Styrene (ABS)
4.9 Polybutylene terephthalate (PBT)
4.10 polyphenylene oxide (PPO)
4.11 epoxy polymers
4.12 Liquid Crystal Polymers
4.13 Polyetheretherketone (PEEK)
4.14 polycarbonate (PC)
4.15 polyamide (PA)
4.16 Polysulfone (PSU)
4.17 Polyphenylsulfone (PPSU)
4.18 Other

Chapter 5 Plastics Market: Application Estimates and Trend Analysis
5.1 Market: Analysis of Application Movements, 2020 & 2028
5.2 injection molding
5.3 Blow molding
5.4 Rotomoulding Mold
5.5 Compression molding
5.6 casting
5.7 Thermoforming
5.8 extrusion
5.9 Calendering

Chapter 6 Plastics Market: End Use Estimates and Trend Analysis
6.1 Market: End Use Movement Analysis, 2020 & 2028
6.2 Packaging
6.3 Construction
6.4 Electrics & Electronics
6.5 Automobile
6.6 Medical devices
6.7 Agriculture
6.8 Furniture & bedding
6.9 Consumer Goods
6.10 Utility

Chapter 7 Plastics Market: Regional Estimates and Trend Analysis
7.1 Plastics Market: Regional Movement Analysis, 2020 & 2028

Chapter 8 Competitive Analysis
8.1 Global players, recent developments and their effects on the industry
8.2 Competitive scenario & market share estimates
8.3 Provider landscape
8.4 Strategy framework

Chapter 9 Company Profiles

  • BASF SE
  • SABIC
  • Dow Inc.
  • DuPont de Nemours, Inc.
  • Evonik Industries
  • Sumitomo Chemical Co., Ltd.
  • Arkema
  • Lyondellbasell Industries Holdings BV
  • Celanese Corporation
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Formosa Plastic Corporation
  • Covestro AG
  • Toray Industries, Inc.
  • Mitsui & Co. Plastic Ltd.
  • Teijin Limited
  • Ineos group
  • eni
  • LG Chem
  • Lanxess
  • Chevron Phillips Chemical Co., LLC
  • Chimei
  • Huntsman Corporation

Please visit https://www.researchandmarkets.com/r/g9ix9m for more information on this report

Comments are closed.