Plastics and Polymers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Plastics and Polymers Market: By Type (Nylon, Polyester and Synthetic Fibers, Polyethylene, Polypropylene, Polyurethane, Rubber Bioplastics, Expandable Polystyrene, Polystyrene, Polycarbonate and Acrylonitrile Butadiene Styrene (ABS)), By Application (Coatings, Lubricants, Consumer goods, Aerospace and Building materials) and Geography 

 

 

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Report

Description

Plastics And Polymers Market size was valued at USD 560.8 billion in 2021 and is expected to reach USD 794.4 billion by 2028, at a CAGR of 5.1% during the forecast period 2022-2028. Some of the key factors influencing the market growth include growing income and rising demand from the end-user segments, increasing urbanization, consumer preference and changing food practice to store the food products, rising demand for plastics across several vertical industries and increasing research and development for new innovations. However, rising concerns regarding recyclability, better alternatives respective to plastic polymers and strict government regulations are hampering the market growth. This report studies global plastics and polymers market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global plastics and polymers market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global plastics and polymers market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Plastics And Polymers Market

MARKET SUMMARY
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5.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Plastics And Polymers Market

  • The global plastics and polymers market report gives comprehensive outlook on plastics and polymers across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and region.
  • Key stakeholders of the global plastics and polymers market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global plastics and polymers products.
Key Players
  • Arkema Celanese Corporation
  • BASF
  • Bayer Material Science
  • Chi Mei Corporation
  • Dow Chemical Company
Plastics And Polymers Market

DRIVERS AND RESTRAINTS

Evaporative cooling technology has been used in the food industry for many years. Evaporative cooling is the greatest energy-efficient and environmentally friendly climate resistor system used for temperature help within the food manufacturing sector. Cooling through evaporation is not without precedent in nature, the perfect and most simple example being human perspiration. As perspiration evaporates it absorbs heat, while cooling bodies at the same time. The same principle applies to evaporative cooling of machinery and buildings. This technology is also renowned system to be a capable and economical means for decreasing the temperature and increasing the relative humidity in an enclosure and this effect has been broadly tried for increasing the shelf life of horticultural produce in some tropical and subtropical countries. Evaporative cooling is an environmental friendly air conditioning system that operates using induced processes of heat and mass transfer where water and air are working fluids.


Asia-Pacific got Significant Share

Plastics And Polymers Market

Asia Pacific accounted for larger revenue share in global market with considerable CAGR. The growth in this region is due to rising constructional projects and automotive industries. China and Japan are the major contributors for the growth of the market in the region. North America held substantial market share during estimated period owing to continuous focus on developing sustainable alternatives. Culture of consuming frozen and packaged foods is the other major factor responsible for the market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global plastics and polymers market expanding at significant CAGR over 2022 to 2028 due to growing income and rising demand from the end-user segments
  • Based on type, nylon segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Plastics and Polymers market

Key

Features of the Report

Plastics And Polymers Market Segmentation


Location

GEOGRAPHY


Report

Company Profile

  • Arkema Celanese Corporation
  • BASF
  • Bayer Material Science
  • Chi Mei Corporation
  • Dow Chemical Company
  • I. du Pont de Nemours and Company
  • Eastman Chemical Company
  • ExxonMobil Corporation
  • Formosa Plastic Group
  • Lyondell Basell Industries
  • Mitsubishi Chemical Holdings Corporation
  • SABIC
  • Total SA

Description

Plastics And Polymers Market size was valued at USD 560.8 billion in 2021 and is expected to reach USD 794.4 billion by 2028, at a CAGR of 5.1% during the forecast period 2022-2028. Some of the key factors influencing the market growth include growing income and rising demand from the end-user segments, increasing urbanization, consumer preference and changing food practice to store the food products, rising demand for plastics across several vertical industries and increasing research and development for new innovations. However, rising concerns regarding recyclability, better alternatives respective to plastic polymers and strict government regulations are hampering the market growth. This report studies global plastics and polymers market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global plastics and polymers market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global plastics and polymers market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX