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Commodity Plastic Global Market In-Depth Research on Market Dynamics, Emerging Growth Factors, Investment Feasibility, Huge Growth till 2022

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Global commodity plastic has very broad market in coming recent years. MRFR analysts has predicted that packaging and consumer goods are about to grow near USD 208 billion by the year 2022 which means more demand for these industries and in turn for commodity plastic.

— Commodity Plastic Market Segmentation Analysis:

The global commodity plastic market has grown at a CAGR of 4.7% in terms of volume and 5.6% in terms of value, during the period 2016-2022. The factors driving the growth of the global market are advancements in the end user industries of commodity plastics, growing application industries, and increasing demand from Consumer goods and FMCG sectors.

Global Commodity Plastic Market Share (2015) By Type:

The global commodity plastic market by type has been divided into polyethylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and other, however, polyethylene has acquired the largest market share of 31% of total market with an estimated value of USD 110.8 billion in 2016 and expected to touch USD 155.9 billion by the end of forecasted year with a CAGR of 5.58%, followed by polypropylene and polyvinyl chloride.

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Polyethylene (PE) is undoubtedly one of the most popular plastic across the globe which is majorly used in the plastic industries to manufacture plastic bottles, plastic toys, and grocery bags and also in bullet proof jackets. Along with this, PE also holds a significant role in other application industries such as packaging, electronics, automotive and many others. In the global commodity plastic market, polyethylene holds a largest market share of 31% in 2016 with an estimated value of USD 110.8 billion in 2016 and is expected to reach USD 155.9 billion by 2022 at a CAGR of 5.85%. Moreover, in terms of volume, the global demand for polyethylene in 2016 was 69.9 MMT and in poised to reach 93.7 MMT by 2022 with a CAGR of 5.01%.

Geographically, Asia-Pacific holds the largest market share in terms of both value and volume during the forecast period.
Market Research Future published a cooked research report on Global Commodity Plastic Market that contains facts about the market’s past trend and growth since 2016 along with its predicted future information till 2022. The global Commodity Plastic market has been growing at the CAGR of ~5.56 % from 2016 and is expected to continue the same till 2022.

Test the market data and market information presented over more than 200 market data tables and figures spread in more than 190 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Commodity Plastic Market from 2016 to 2022.

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Market Highlights:

Although commodity plastics have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of commodity plastic market. This has also resulted in the development of newer and improved application and performance properties; commodity plastic that are fast, easy, and low cost are in demand. Such newly developed commodity plastic include fast curing polyethylene and polyurethanes, PVC and PET and others.

Commodity plastics belongs to a superior class of plastic material which are broadly used in large volume in multiple applications which majorly include packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others. These plastics are used in application industries to enhance their mechanical properties and simultaneously helps in reducing the cost of production. However, from the manufacturers’ side, this has created a platform to increase the production capacity to meet the current demand.

Key Findings:

• Global commodity plastic market is projected to reach USD 493.1 billion by 2022 with 5.56% CAGR during review period of 2016-2022
• Asia-Pacific accounted for largest share due to growing application industries in this region
• Among types, polyethylene has acquired the market share of 31% in 2015 with the market value of USD 105.4 billion growing at a CAGR of 5.85% till forecast period.
• Among applications, packaging industry emerged as the leading application industry in global commodity plastic market.

Key Market Players:

The key players in Global Commodity Plastic Market report included are BASF SE, The Dow Chemicals Company, SABIC, Arkema SA, Mitsui Chemicals, LG Chemicals and Mitsubishi Chemicals Holdings Corporation.

Target Audience:

• Commodity plastic producers
• Traders and distributors
• Association and government bodies.
• Application industries
• Plastic manufacturers
• Research institute

At Browse Full Report Details @ https://www.marketresearchfuture.com/reports/commodity-plastic-market-2771

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact US:

Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

Contact Info:
Name: Akash Anand
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/commodity-plastic-market-2771

Source URL: https://marketersmedia.com/commodity-plastic-global-market-in-depth-research-on-market-dynamics-emerging-growth-factors-investment-feasibility-huge-growth-till-2022/506151

Source: MarketersMedia

Release ID: 506151

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