Plastic Market Poised for Continued Growth Despite Environmental Concerns

Market Overview:

The global plastic market is expected to reach US$ 680.04 billion by 2029, growing at a CAGR of 5.0% from 2023. This growth is attributed to rising plastic use in construction, automotive, and electrical & electronics industries. However, concerns about plastic waste pollution remain a significant challenge.

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Report Scope:

This report offers a comprehensive analysis of the global plastic market, covering the period 2017 to 2029. It delves into historical data, current market size, and future projections, along with analyzing various market segments and key players.

Research Methodology:

The report utilizes a combination of primary and secondary research techniques, including interviews with industry experts, surveys, and data analysis from reliable sources.

Segmentation:

• Product Type: Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), etc.
• Application: Packaging, Automotive & Transportation, Infrastructure & Construction, etc.
• Technology: Injection Molding, Blow Molding, Extrusion Molding, etc.
• Region: North America, Europe, Asia Pacific, etc.

Regional Insights:

• Asia Pacific dominated the market in 2021, driven by its expanding industrial sector and growing economies like India and China.
• North America and Europe are expected to witness steady growth due to technological advancements and established manufacturing bases.

Plastic Market, Key Players are

1. BASF SE
2. SABIC
3. Dow Inc.
4. DuPont de Nemours, Inc.
5. Evonik Industries
6. Sumitomo Chemical Co., Ltd.
7. Arkema
8. Celanese Corporation
9. Eastman Chemical Company
10. Chevron Phillips Chemical Co., LLC
11. Lotte Chemical Corporation
12. Exxon Mobil Corporation
13. Formosa Plastic Corporation
14. Covestro AG
15. Toray Industries, Inc.
16. Mitsui & Co. Plastic Ltd.

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