Global Plastic Market Expected to Reach US$ 714.03 Billion by 2030
Report Brief: The global plastic market, valued at US$ 507.45 billion in 2023, is projected to grow at a CAGR of 5% from 2024 to 2030, reaching nearly US$ 714.03 billion by 2030. This growth is driven by key factors such as increasing demand in various industries and technological advancements in plastic manufacturing.
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Market Overview: The market analysis provides key insights and forecasts by region, products, and applications till 2030. It includes a comprehensive study of the market's dynamics, including drivers, restraints, and opportunities, with a focus on the impact of COVID-19 and the market's resilience post-lockdown.
Market Scope: The report, based on thorough primary and secondary research, offers qualitative and quantitative data to help decision-makers identify market segments and growth drivers. It includes a detailed PESTLE and SWOT analysis, aiding in strategic decision-making. The study covers key players based on factors such as company size, market share, growth, revenue, and profits.
Segmentation:
- By Product: PE, PP, PU, PVC, Polystyrene, ABS, PBT, PPO, Epoxy Polymers, LCP, PC, Polyamide
- By Application: Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics
- By Technology: Injection Molding, Blow Molding, Extrusion Molding, Thermoforming, Rotational Molding
Regional Analysis: The Asia-Pacific region is identified as a key market opportunity for the global plastic market, particularly for the next decade. Despite economic slowdowns, the APAC region shows promising growth, driven by factors like increasing health consciousness and a growing middle-class population.
Key Players:
- BASF SE
- SABIC
- Dow Inc.
- DuPont de Nemours, Inc.
- Evonik Industries
- Sumitomo Chemical Co., Ltd.
- Arkema
- Celanese Corporation
- Eastman Chemical Company
- Chevron Phillips Chemical Co., LLC
- Lotte Chemical Corporation
- Exxon Mobil Corporation
- Formosa Plastic Corporation
- Covestro AG
- Toray Industries, Inc.
- Mitsui & Co. Plastic Ltd.
Key Questions Answered:
- What is the forecast period of the plastic market?
- Which region holds the largest market share in the plastic market?
- What factors are affecting the plastic market growth?
- What will be the CAGR of the plastic market during the forecast period?
- What key trends are likely to emerge in the plastic market in the coming years?
Key Offerings:
- Market Share, Size, and Forecast by Revenue|2042-2030
- Market Dynamics, Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by plastic
- Landscape, Leading key players, and other prominent key players
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