global plastics market size is expected to reach USD 752.16 Billion in 2028 and register a revenue CAGR of 3.3% during the forecast period

NEW YORK CITY, NY, UNITED STATES, June 24, 2022 /EINPresswire.com/ -- The global plastics market size is expected to reach USD 752.16 Billion in 2028 and register a revenue CAGR of 3.3% over the forecast period, according to the latest report by Reports and Data. Increase in demand for plastic from automotive, construction and electronics is driving the market revenue growth.

The major reason for high demand for plastics is the fact that they helps make lives easier, cleaner, and safe. There are various advantages associated with plastics like low-cost imperviousness to water, and ease of manufacturing, which have resulted in their widespread use in industries such as construction and automotive industry. Increase in demand for plastic packaging solutions to protect the products is driving market revenue growth.

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Report Overview:

As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2028, and global sales and production forecasts and estimates for Plastic by 2028. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.

We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Plastic market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

Leading companies operating in the market are:

Arkema, BASF SE, SABIC, Eastman Chemical Company, DowDuPont, Evonik Industries, Celanese Corporation, Sumitomo Chemicals, Lotte Chemical Corporation, and Chevron Phillips Chemical Co. LLC.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Plastic Market Segmentation:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

Polyethylene
Polypropylene
Polyurethane
Polycarbonate
Acrylonitrile Butadiene Styrene (ABS)
Polyphenylene Oxide
Polyvinyl chloride
Polyethylene terephthalate
Polybutylene terephthalate
Liquid crystal polymers
Epoxy polymers
Polyamide
Polysulfone
PEEK
PPSU
Others

Degradability Outlook (Revenue, USD Billion; 2018–2028)

Non-biodegradable conventional plastics
Biodegradable plastics

Regional Outlook:

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
A.E.
South Africa
Rest of MEA
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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

Tushar Rajput
Reports and Data
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Plastic Market Size, Trends, Share and Industry Growth Analysis Report 2022-2028

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