Global Commodity Plastics Market is expected to reach at a CAGR of 4.3% 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 (North America, Europe, Asia-Pacific, South America and Middle East and Africa)
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 the buildings and construction projects requires pipes which are usually manufactured from polyvinyl chloride.
In type, high-density polyethylene is growing with highest CAGR rate because of growing applications in electronics packaging and automotive industry.
In application, packaging is growing with highest CAGR because of the growing usage of cereal box liners, milk jugs and industrial & household chemical containers.
In application, automotive segment is growing at a decent CAGR because of growing replacement market for air dams, rocker panels and car bumpers.
Key Market Players
The key market players for global commodity plastics market are listed below;
Exxon Mobil Corporation
Sinopec Corporation
CHEVRON PHILLIPS CHEMICAL COMPANY
BASF SE
DowDuPont
LyondellBasell Industries Holdings B.V.
Formosa Plastics Corporation
Gas Authority Of India Limited(GAIL)
Indian Oil Corporation
INEOS
LG Chem, Ltd.
Lotte Chemical
Mitsubishi Chemical Corporation
QENOS Pty Ltd
Reliance Industries Limited
SABIC
Sumitomo Chemical Co. Ltd.
Westlake Chemical Corporation
