Commodity Plastics Market Outlook to 2025 - Exxon Mobil, LG Chem, Sumitomo Chemical, The DOW Chemical, SABIC, BASF, Lyondellbasell, Sinopec, Ineos, Formosa Plastics, Mitsubishi Chemical, Borealis and Others
“Global Commodity Plastics Market– Industry Trends and Forecast to 2025” newly adds in Data Bridge Market Research database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenu
(EMAILWIRE.COM, May 05, 2018 ) The packaging application segment accounted for the largest share of the commodity plastics market in 2016. In this application, commodity plastics are used in manufacturing plastic products such as bottles, caps & closures, films & special films, transport crates, and containers & drums. These products are used in retail, institutional, and industrial packaging, including food & beverages, pharmaceutical, consumer goods, and industrial packaging applications. Changing lifestyle and increasing per capita income are the major drivers for the increasing demand for packaged food, which has further increased the demand for commodity plastics in the packaging application.
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The Global Commodity Plastics Market is expected to reach USD 530.74 billion by 2025, from USD 354.31 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025.
Some of the major players operating in the global commodity plastics market are – Exxon Mobil, LG Chem, Sumitomo Chemical, The DOW Chemical, SABIC, BASF, Lyondellbasell, Sinopec, Ineos, Formosa Plastics, Mitsubishi Chemical, Borealis, Chevron Phillips Chemical, Eni Spa, Reliance Industries, Braskem, Hanwha Chemical, Lotte Chemical, Indian Oil, Haldia Petrochemicals, Nova Chemicals, Qenos Pty, Qatar Petroleum, Westlake Chemical, PTT Global Chemical among others.
The global commodity plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commodity plastics market for global, Europe, North America, Asia Pacific and South America.
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Commodity plastics are used in extensive range of applications including film for packaging, photographic and magnetic tape, clothing, beverage & trash containers and a variety of household products. Such plastics display relatively low mechanical properties and are low in cost. The products consist of plates, cups, carrying trays, medical trays, containers, seeding trays, printed material and others disposable items. It includes a wide array of polymer chemistries such as polyethylene, polystyrene, polymethyl methacrylate, polyvinyl chloride, polypropylene, polyethylene terephthalate and others. According to U.S. Census Bureau, in 2016, total construction spending increased 6.5% from the previous year. Moreover, in 2014, construction spending was estimated nearly 11% and in 2015 it increased by 10.7%. According to U.S. Bureau of Labour Statistics, construction sector will have one of the biggest surge in real output and will reach almost USD 1.2 trillion by 2020. Moreover, the U.S. population is expected to grow from 321.2 billion to 338 billion by 2020 and needs more construction. Hence, the demand in the construction sector across the globe will boost the demand for the plastics used in construction and help in the growth of the commodity plastics.
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Get Free Sample Copy with Full TOC at http://databridgemarketresearch.com/request-a-sample/?dbmr=global-commodity-plastics-market
The Global Commodity Plastics Market is expected to reach USD 530.74 billion by 2025, from USD 354.31 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025.
Some of the major players operating in the global commodity plastics market are – Exxon Mobil, LG Chem, Sumitomo Chemical, The DOW Chemical, SABIC, BASF, Lyondellbasell, Sinopec, Ineos, Formosa Plastics, Mitsubishi Chemical, Borealis, Chevron Phillips Chemical, Eni Spa, Reliance Industries, Braskem, Hanwha Chemical, Lotte Chemical, Indian Oil, Haldia Petrochemicals, Nova Chemicals, Qenos Pty, Qatar Petroleum, Westlake Chemical, PTT Global Chemical among others.
The global commodity plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commodity plastics market for global, Europe, North America, Asia Pacific and South America.
Browse Complete Reports at http://databridgemarketresearch.com/reports/global-commodity-plastics-market/
Commodity plastics are used in extensive range of applications including film for packaging, photographic and magnetic tape, clothing, beverage & trash containers and a variety of household products. Such plastics display relatively low mechanical properties and are low in cost. The products consist of plates, cups, carrying trays, medical trays, containers, seeding trays, printed material and others disposable items. It includes a wide array of polymer chemistries such as polyethylene, polystyrene, polymethyl methacrylate, polyvinyl chloride, polypropylene, polyethylene terephthalate and others. According to U.S. Census Bureau, in 2016, total construction spending increased 6.5% from the previous year. Moreover, in 2014, construction spending was estimated nearly 11% and in 2015 it increased by 10.7%. According to U.S. Bureau of Labour Statistics, construction sector will have one of the biggest surge in real output and will reach almost USD 1.2 trillion by 2020. Moreover, the U.S. population is expected to grow from 321.2 billion to 338 billion by 2020 and needs more construction. Hence, the demand in the construction sector across the globe will boost the demand for the plastics used in construction and help in the growth of the commodity plastics.
Inquire Before Buying at http://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-commodity-plastics-market
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Tel: +1-888-387-2818
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results