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Plastics Market Analysis Cheap Kevin Hayes Jersey , Size, Share, Growth To 2020 by Grand View Research, Inc. Business Articles | October 19, 2015

New Market Research Reports Title “Plastics Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Report Database



The?Global Plastics Market is expected to reach USD 654.38 billion by 2020 Cheap J.T. Miller Jersey , according to a new study by Grand View Research, Inc. Growth of major end-use industries such as packaging, construction and automotive particularly in emerging markets of China, India and Brazil is expected to remain a key driving factor for global plastic demand. In addition, the need for high performance thermoplastics from automotive industry in order to reduce the overall vehicular weight to gain fuel efficiency is also expected to have positive influence on market growth. Volatile raw material prices coupled with growing environmental concerns regarding plastics disposal and sustainability is expected to pose a serious challenge to market participants. In order to overcome such challenges leading industry participants have been actively investigating the route to develop bio-based alternatives to conventional plastics.


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Polyethylene (PE) emerged as the leading product segment for plastics and accounted for 34.9% of total market volume in 2013. PE is used in high volumes across various industries such as film and sheet Cheap Mika Zibanejad Jersey , injection molding, blow molding and pipe manufacturing. Increasing PE capacity addition, particularly in the Middle East and Asia Pacific has led to overcapacity in the market which has seen the prices decline. PET is expected to be the fastest growing product segment for plastics, at an estimated CAGR of 8.5% from 2014 to 2020.


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Further key findings from the study suggest:

Global plastics demand was 233.75 million tons in 2013 and is expected to reach 334.83 million tons by 2020, growing at a CAGR of 5.3% from 2014 to 2020. Asia Pacific emerged as the largest regional market for plastics and accounted for over 44.6% of total market volume in 2013. Increasing construction spending coupled with growth of the regional automotive industry is expected to drive plastic demand in Asia Pacific. Central & South America is expected to be the fastest growing regional market for plastics Cheap Mats Zuccarello Jersey , at an estimated CAGR of 6.3% from 2014 to 2020. Rise in disposable income coupled with the growth of major end use markets in Brazil and Argentina is expected to drive the demand over the next six years. North America and Europe are relatively mature markets for plastics and are driven by new technology and innovation in the field of bio-based and sustainable alternatives. North America plastic demand is expected to grow at an estimated CAGR of 4.3% from 2014 to 2020. Some of the companies operating in the global market include BASF, E. I. du Pont de Nemours and Company, Dow Chemical Company, SABIC, LyondellBasell Industries Cheap Henrik Lundqvist Jersey , ExxonMobil Corporation, Formosa Plastic Group, Total SA, Bayer Material Science, Arkema Cheap Ryan McDonagh Jersey , Celanese Corporation, Chi Mei Corporation, Eastman Chemical Company and Mitsubishi Chemical Holdings Corporation.

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For the purpose of this study, Grand View Research has segmented the plastics market on the basis of product, application and region:

Global Plastics Product Outlook (Volume Cheap New York Rangers Hats , Million Tons; Revenue, USD Million, 2012 - 2020)
??? ??? ??• Polyethylene (PE)
? ??? ??? ??• Polypropylene (PP)
? ??? ??? ??• PVC
? ??? ??? ??• PET
? ??? ??? ??• Polystyrene
? ??? ??? ??• Engineering Plastics
? ??• Global Plastics Regional Outlook (Volume, Million Tons; Revenue, USD Million Cheap New York Rangers Hoodies , 2012 - 2020)
? ??? ??? ??• North America
? ??? ??? ??• Europe
? ??? ??? ??• Asia Pacific
? ??? ??? ??• Middle East & Africa
? ??? ??? ??• Central and South America

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Is Mobile App Development Still Profitable? Yes and Here's Why! Technology Articles | August 22, 2016

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