Industries > Construction > Plastics Market Report 2019-2029

Plastics Market Report 2019-2029

Forecasts by Product (Polyethylene, Polypropylene, Polyurethane, Polyvinyl chloride, Polyethylene terephthalate, Polystyrene, Acrylonitrile butadiene styrene, Polybutylene terephthalate, Polyphenylene oxide, Epoxy polymers, Liquid crystal polymers, PEEK, Polycarbonate, Polyamide, Polysulfone, Others), by Application (Packaging, Construction, Electrical & electronics, Automotive, Medical devices, Agriculture, Furniture & bedding, Consumer goods, Others), by region and analysis of leading companies indicates that the Global Plastics Market was valued at $550 billion in 2019

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Market Drivers:
– Growing packaging industry
– Increasing construction activities all over the world
– Growing consumer electronics industry
– Surge in agriculture industry
– Rising sales of medical devices all over the world

Market Restraint:
– Stringent government regulations on adoption of plastic materials Market Segmentation 2019-2029:
The Plastics Market is segmented on the Product, Application, and Regional basis.

– Polyethylene
– Polypropylene
– Polyurethane
– Polyvinyl chloride
– Polyethylene terephthalate
– Polystyrene
– Acrylonitrile butadiene styrene
– Polybutylene terephthalate
– Polyphenylene oxide
– Epoxy polymers
– Liquid crystal polymers
– Polycarbonate
– Polyamide
– Polysulfone
– Others

– Packaging
– Construction
– Electrical & electronics
– Automotive
– Medical devices
– Agriculture
– Furniture & bedding
– Consumer goods
– Others

Regional Breakdown
Focused regional forecasts and analysis explore the future opportunities:
– North America
– Europe
– Asia-Pacific

Competitive Analysis:
– Due to the existence of several players on the market, competitive rivalry among manufacturers is high. The worldwide market is extremely fragmented in nature, with the medium and small companies involved in plastic manufacturing occupying more than a bigger share. Evonik Industries AG; BASF SE; Saudi Basic Industries Corporation (SABIC); DowDuPont Inc.; Arkema SA; Celanese Corporation; and Toray Industries, Inc. are among the main producers. Market players ‘ main approach is to concentrate more on high-margin products.

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