Feb 5, 2018   SOURCE: BusinessWire

Global Commodity Plastics (PE, PP, PVC, PS, PMMA) Market 2018-2022 - Focus on Packaging, Consumer Goods, Construction, Automobile, Electronics, Textile, Medical & Pharmaceutical - ResearchAndMarkets.com

The "Commodity Plastics Market by Type (PE, PP, PVC, PS, PMMA), Application (Packaging, Consumer Goods, Construction, Automobile, Electronics, Textile, Medical & Pharmaceutical), and Region (APAC, NA, EU, MEA, and SA) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The Commodity Plastics Market Was Estimated at USD 359.42 Billion in 2017 And is Projected to Reach USD 493.74 Billion By 2022, at a CAGR of 6.6%

The growth of the commodity plastics market is primarily driven by their increased demand for packaging and construction applications. Commodity plastics possess excellent tensile strength and can be easily processed due to which these plastics are widely used by packaging products manufacturers.

The demand for commodity plastics is increasing in the flexible and rigid packaging applications segment, owing to their affordable costs. However, various regulations on the use of plastics products are acting as a restraint to the growth of the commodity plastics market.

The commodity plastics market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. China and India are the key markets for commodity plastics in the Asia Pacific region. The growth of the commodity plastics market in this region can be attributed to the increased demand for commodity plastics in the packaging and construction applications.

Key companies profiled in this market research report include Dow Chemical (US), Exxon Mobil (US), BASF (Germany), Sinopec (China), SABIC (Saudi Arabia), LG Chem (South Korea), Sumitomo Chemical (Japan), LyondellBasell (Netherlands), Ineos (Switzerland), Formosa Plastics (Taiwan), and Mitsubishi Chemical (Japan).

Market Dynamics

Drivers

  • Growing Packaging Industry
  • Increasing Disposable Income Generating High Demand for Consumer Goods
  • Growing Production of Lightweight Electric Vehicles and Increasing Metal Prices

Restraints

  • Increased Environmental Concern Over Plastic Waste

Opportunity

  • Developing Countries Offering Significant Growth Opportunities

Challenges

  • Government Regulations on the Use of Plastics in Packaging

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Overview

7 Commodity Plastics Market, By Type

8 Commodity Plastics Market, By Application

9 Commodity Plastics Market, By Region

10 Competitive Landscape

11 Company Profiles

  • BASF
  • Borealis
  • Braskem
  • Chevron Phillips Chemical
  • Eni Spa
  • Exxon Mobil
  • Formosa Plastics
  • Haldia Petrochemicals
  • Hanwha Chemical
  • Indian Oil
  • Ineos
  • LG Chem
  • Lotte Chemical
  • Lyondellbasell
  • Mitsubishi Chemical
  • Nova Chemicals
  • PTT Global Chemical
  • Qatar Petroleum
  • Qenos Pty
  • Reliance Industries
  • SABIC
  • Sinopec
  • Sumitomo Chemical
  • The DOW Chemical
  • Westlake Chemical

For more information about this report visit https://www.researchandmarkets.com/research/3xt35g/global_commodity?w=4