Asia-Pacific Commodity Plastics Market is expected to reach a CAGR of 5.3% in the forecast period of 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Segmentation
By Product Type (Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, Polymethyl Methacrylate and Others), Application (Packaging, Automotive, Electronics, Consumer Goods, Construction, Textile, Medical & Pharmaceutical and Others), Geography (China, India, Japan, South Korea, Indonesia, Thailand, Singapore, Malaysia, Australia, Philippines and Rest of APAC)
Major growing sectors under the market segmentation are as follows;
In product type, the polyethylene commodity plastics are highly used because these commodity plastics can be used for various packaging and consumer goods applications. These can be used in almost all the types of single-use and multiple-use packaging products. Because of this polyethylene commodity plastics are growing at the highest CAGR.
In type polyvinyl chloride commodity plastics are growing at a decent CAGR because of the growing buildings and construction industry in the region. The U.S. government is focusing on "The Great American Dream" which focuses on the building a house for every citizen.
In type, high-density polyethylene is dominating the polyethylene segment due to high consumption in electronics packaging and automotive industry.
In application, packaging is growing with highest CAGR because of the growing consumption of food and beverage packaging in the region
Key Market Players
The key market players for Asia-Pacific commodity plastics market are listed below;
Sinopec
Exxon Mobil
DowDuPont
BASF SE
Chevron Phillips Chemical Company
Lyondellbasell Industries Holdings B.V.
Gas Authority Of India Limited
Hanwha Co. Ltd
Indian Oil Corporation
LG Chem, Ltd.
Mitsubishi Chemical Corporation
PTT Global Chemical Public Company Limited
Reliance Industries Limited
SABIC
Sumitomo Chemical Company Limited
