Plastic Market Growth Driven by Expanding Use in Key Industries
Plastic Market was worth US$ 532.82 Bn in 2024 and overall revenue is anticipated to rise at a rate of 5% during the forecast period, reaching almost US$ 787.22 Bn in 2032.
(EMAILWIRE.COM, January 30, 2025 ) The Plastic Market is being used as a substitute for metals, such as aluminium and steel, in the fabrication of automobile components because of regulations aimed at reducing gross vehicle mass enhance better fuel efficiency and less carbon emission. The construction industry's expansion in emerging economies such as Brazil, China, India, and Mexico have helped to feed demand for plastics.
In recent years, India and China have seen a surge in car production because of technology transfer from Western markets. Also, the industry is expected to benefit from a well-established manufacturing base for electrical and electronics in Taiwan, China, and South Korea. India has a robust chemical manufacturing industry, which helps it produce more plastic. Rapid urbanization, rising economic conditions, and increasing infrastructure developments are all contributing to Asia Pacific's market growth.
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GLOBAL PLASTIC MARKET BY SEGMENTATION
BY PRODUCT
PE
PP
PU
PVC
Polystyrene
ABS
PBT
PPO
Epoxy Polymers
LCP
PC
Polyamide
BY APPLICATION
Packaging
Automotive & Transportation
Infrastructure & Construction
Consumer Goods/Lifestyle
Healthcare & Pharmaceutical
Electrical & Electronics
BY TECHNOLOGY
Injection Molding
Blow Molding
Extrusion Molding
Thermoforming
Rotational Molding
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https://www.maximizemarketresearch.com/request-sample/100495/
Plastic Market, Key Players
BASF SE
SABIC
Dow Inc.
DuPont de Nemours, Inc.
Evonik Industries
Sumitomo Chemical Co., Ltd.
Arkema
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OTHER REPORTS PUBLISHED BY MAXIMIZE MARKET RESEARCH
Seamless Pipes Market is expected to grow at a CAGR of 5.5% during the forecast period and is expected to reach US$ 405.01 Bn by 2032.
PET Preforms Market size was valued at USD 25.68 Billion in 2024 and the total PET Preforms revenue is expected to grow at a CAGR of 5.4% during the forecast period, reaching nearly USD 39.11 Billion.
Paper Bottles Market size was valued at USD 70.47 Million in 2024 and the total Paper Bottles revenue is expected to grow at a CAGR of 5.6% from 2025 to 2032, reaching nearly USD 108.98 Million.
ABOUT MAXIMIZE MARKET RESEARCH
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
In recent years, India and China have seen a surge in car production because of technology transfer from Western markets. Also, the industry is expected to benefit from a well-established manufacturing base for electrical and electronics in Taiwan, China, and South Korea. India has a robust chemical manufacturing industry, which helps it produce more plastic. Rapid urbanization, rising economic conditions, and increasing infrastructure developments are all contributing to Asia Pacific's market growth.
Click the below link for more details:
//www.maximizemarketresearch.com/request-sample/100495/
GLOBAL PLASTIC MARKET BY SEGMENTATION
BY PRODUCT
PE
PP
PU
PVC
Polystyrene
ABS
PBT
PPO
Epoxy Polymers
LCP
PC
Polyamide
BY APPLICATION
Packaging
Automotive & Transportation
Infrastructure & Construction
Consumer Goods/Lifestyle
Healthcare & Pharmaceutical
Electrical & Electronics
BY TECHNOLOGY
Injection Molding
Blow Molding
Extrusion Molding
Thermoforming
Rotational Molding
For further information, click the following link:
https://www.maximizemarketresearch.com/request-sample/100495/
Plastic Market, Key Players
BASF SE
SABIC
Dow Inc.
DuPont de Nemours, Inc.
Evonik Industries
Sumitomo Chemical Co., Ltd.
Arkema
For a deeper understanding, click on the link:https://www.maximizemarketresearch.com/request-sample/100495/
OTHER REPORTS PUBLISHED BY MAXIMIZE MARKET RESEARCH
Seamless Pipes Market is expected to grow at a CAGR of 5.5% during the forecast period and is expected to reach US$ 405.01 Bn by 2032.
PET Preforms Market size was valued at USD 25.68 Billion in 2024 and the total PET Preforms revenue is expected to grow at a CAGR of 5.4% during the forecast period, reaching nearly USD 39.11 Billion.
Paper Bottles Market size was valued at USD 70.47 Million in 2024 and the total Paper Bottles revenue is expected to grow at a CAGR of 5.6% from 2025 to 2032, reaching nearly USD 108.98 Million.
ABOUT MAXIMIZE MARKET RESEARCH
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Contact Information:
MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
Tel: +91 9607365656
Email us
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MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
Tel: +91 9607365656
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results