Global Commodity Plastics Market Analysis & Forecasts 2017-2026, With an Expected CAGR of 8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The “Commodity Plastics - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the publisher, the Global Commodity Plastics Market is accounted for $342.65 billion in 2017 and is expected to reach $686.56 billion by 2026 growing at a CAGR of 8% during the forecast period.
Rising usage of commodity plastics more than glass materials for food and beverage packaging, increasing demand from the main industries in emerging nations and growing demand for consumer goods are some of the key driving factors for the market growth. However, strict rules and regulations on the utilization of plastics in packaging and growing environmental concern over plastic waste are hindering the growth of the market.
Commodity plastics specify to a class of materials to facilitate as raw materials in various industries, such as packaging, textile, consumer goods, and electronics amongst others. These plastics are able to be molded or shaped into a variety of solid objects such as food containers and bottles. The property of plasticity of commodity plastics, in blend with properties such as low electrical conductivity, low density, toughness, and transparency, grant commodity plastics towards application within a broad collection of products.
Based on product type, Polyethylene (PE) is driven by the rising demand for PE stems from the plastic industry and growing latest developments and improvements during the type of PE manufactured, backed via new techniques in manufacturing. Moreover, the broad usage of Ultra-high-molecular-weight polyethylene (UHMWPE) in industrial applications such as wear strips conveyor lines, valves, gears and food processing equipment.
Companies MentionedBorealis AG Chevron Phillips Chemical Exxon Mobil Corporation Haldia Petrochemicals Ltd., BASF SE Indian Oil Corporation Limited LG Chem Ltd. LyondellBasell Industries N.V. The Dow Chemical Company Lotte Chemical Hanwha Chemical Co, Ltd Qenos Pty Limited SABIC Eni S.p.A. Formosa Plastics Corporation Mitsubishi Chemical Corporation Braskem NOVA Chemicals Corporation Reliance Industries Limited
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Commodity Plastics Market, By Product Type
6 Global Commodity Plastics Market, By Application
7 Global Commodity Plastics Market, By End-Use Industry
8 Global Commodity Plastics Market, By Geography
9 Key Developments
10 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/264hcs/global_commodity?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180613005532/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 06/13/2018 07:34 AM/DISC: 06/13/2018 07:34 AM