Global Plastic Market Expected to Reach Nearly USD 714 Billion by 2030, Driven by Diverse Applications (#PlasticsIndustry, #Packaging, #Manufacturing)
The global plastic market is on a steady growth trajectory, with a projected market size of nearly USD 714.03 billion by 2030. This signifies a steady rise at a compound annual growth rate (CAGR) of 5% from 2024, according to a comprehensive market research report by Maximize Market Research.
Market Overview
Plastics continue to play a vital role in various industries due to their versatility, durability, and cost-effectiveness. The growing demand for packaged goods, lightweight automotive parts, and construction materials is propelling the plastic market forward.
Market Scope
Maximize Market Research's report offers a detailed analysis of the global plastic market, encompassing market segmentation, competitive landscape, regional trends, and future growth projections. This valuable resource empowers businesses in the sector to make informed strategic decisions and capitalize on emerging opportunities.
Segmentation
The market is segmented by product type (polyethylene, polypropylene, polyurethane, PVC, polystyrene, etc.), application (packaging, automotive & transportation, infrastructure & construction, consumer goods, healthcare, electrical & electronics), and technology (injection molding, blow molding, extrusion molding, thermoforming, rotational molding).
Major Manufacturers
- BASF SE (Germany)
- SABIC (Saudi Arabia)
- Dow Inc. (United States)
- DuPont de Nemours, Inc. (United States)
- Evonik Industries (Germany)
- Sumitomo Chemical Co., Ltd. (Japan)
- Arkema (France)
- Celanese Corporation (United States)
- Eastman Chemical Company (United States)
- Chevron Phillips Chemical Co., LLC (United States)
- Lotte Chemical Corporation (South Korea)
- Exxon Mobil Corporation (United States)
- Formosa Plastic Corporation (Taiwan)
- Covestro AG (Germany)
- Toray Industries, Inc. (Japan)
- Mitsui & Co. Plastic Ltd. (Japan)
Regional Analysis
The report provides a comprehensive analysis of the market across North America, South America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific is currently the dominant market and is expected to maintain its lead due to rapid industrialization and urbanization.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a mixed impact on the plastic market. While some sectors like packaging witnessed increased demand due to a surge in online shopping, others like automotive and construction experienced temporary slowdowns. However, the long-term outlook for the plastic market remains positive.
Key Questions Answered
- What is the anticipated CAGR of the plastic market?
- Which product segment is expected to lead the market growth?
- Who are the prominent players in the plastic market?
- What is the projected market size by region in 2030?
- How are technological advancements influencing the market landscape?
Table of Contents:
Chapter 1: Overview
Chapter 2: Global Market Status and Forecast by Regions
Chapter 3: Global Market Status and Forecast by Types
Chapter 4: Global Market Status and Forecast by Downstream Industry
Chapter 5: Market Driving Factor Analysis
Chapter 6: Market Competition Status by Major Manufacturers
Chapter 7: Major Manufacturers Introduction and Market Data
Chapter 8: Upstream and Downstream Market Analysis
Chapter 9: Cost and Gross Margin Analysis
Chapter 10: Marketing Status Analysis
Chapter 11: Market Report Conclusion
Chapter 12: Research Methodology and Reference
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