Global Commodity Plastics Market 2021: Global Industry Size and Growth Opportunities to 2026
The commodity plastics refer to plastics utilized in enormous volume for ordinary family applications. These plastics find use in a wide scope of utilizations like apparel, garbage bins, disposables, bundling film, and others. Item plastics are not utilized in basic help conditions and consequently, don't need high mechanical strength. In this way, these plastics are somewhat cheap and display lower mechanical properties than designed plastics. Some examples of commodity plastics include polyethylene (PE), polyvinyl chloride (PVC), and polypropylene (PP). These plastics are generally used to fabricate cups, plates, plate, printed materials, toys, and other items.
ChemIntel360’s global Commodity Plastics Market study is a 190+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, end-uses, and end-use industry perspective. The industry is expected to grow at a CAGR of 4.3% mainly due to growing demand for the chemical in packaging and consumer goods industries which is expected to bolster the market over the forecast period.
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These plastics can be handily reused, formed, or shaped into an assortment of shapes or strong items, for example, jugs or food holders, making them exceptionally reasonable for bundling applications. The property of these plastics mixes with properties like low thickness, straightforwardness, low electrical conductivity, and strength permitting the use of these plastics inside a wide assortment of items.
Scope
This study contains global and regional market size data. The numbers are broken down by end-use (Packaging, Automotive, Electronics and Electrical Components, Construction, Consumer Goods, Medical Products, and Others), by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Commodity Plastics market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$ billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Geographical Analysis
The dimethyl carbonate market size has spread worldwide, like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
The major players in the market are BASF SE, The Dow Chemicals Company, SABIC, Arkema SA, Mitsui Chemicals, LG Chemicals, Mitsubishi Chemicals Holdings Corporation
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