Analyzing the Plastics Industry Distribution Channel: Key Insights and Trends

Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Plastics Industry was estimated at 307,966.7 kilotones in 2021 and is anticipated to increase at a significant CAGR from 2022 to 2030.

Grand View Research’s plastics industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Plastic Resins Market Insights

The global plastic resin market size was valued at 349,628.9 kilotones in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030. Rising product demand from the construction, automotive, and electrical and electronics industries is driving market expansion. The rapidly growing global automotive sector is predicted to drive product demand in applications such as under-the-hood components, automobile exteriors, and interiors. The demand for lightweight and economical multi-utility vehicle models with high fuel efficiency and an emphasis on aesthetics and comfort is driving the increased use of resins in the automobile industry.

Asia Pacific plastic resins market is characterized by various manufacturing industry, as a result of the increased emphasis on research and development, combined with favorable government initiatives to attract investments, is likely to result in regional market expansion. China is self-sufficient in plastic production, with an appropriate number of factories and production capacity to meet domestic demand. Furthermore, because of its enormous manufacturing base, China exports a variety of plastics to neighboring countries.

Moreover, over the years, the market has grown rapidly, fueled by diverse industries including as packaging, automotive, construction, electronics, and consumer products. Increased income levels contribute to increased purchase of consumer products, which is predicted to raise demand for plastic resins in China.

Order your copy of the Free Sample of “Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Recycled Plastics Market Insights

The global recycled plastics market size was estimated at 50,465.24 kilotones in 2021 and is projected to grow at a CAGR of 3.3% from 2022 to 2030. Increasing plastic consumption in the production of lightweight components which are used in various industries including building & construction, automotive, electrical & electronics, and various other industries are expected to propel the market growth over the forecast period.

The rise in online purchases of electrical & electronics, personal care products and personal protective equipment products such as gloves, face masks, and various products is driving the demand for recycled plastics used in different types of packaging sources.

According to the Verge, the demand for affordable consumer electronic products such as laptops, mobile, modems and various others have increased majorly through e-commerce websites. These rise in demand for consumer electronic have propelled the demand of recycled plastics in electrical & electronics and packaging source which is expected to boost the demand over the forecast period.

The growth of the construction industry in emerging economies such as Brazil, China, India, and Mexico is expected to drive the demand for recycled plastics in the manufacturing of components such as insulation, fixtures, structural lumber, windows, fences, and various others over the forecast period. The growth of recycled plastic in building & construction market can be attributed to increased foreign investment in these countries construction industry, as a result of easing FDI norms and requirements for redevelopment of public and industrial infrastructure.

Go through the table of content of Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Plastics Industry Data Book Competitive Landscape

The companies in the market compete on the basis of product quality offered and the technology used for the production of plastics. Major players compete on the basis of application development capability and new technologies used in product formulation.

Key players operating in the Plastics Industry are:

• BASF SE
• SABIC
• Dow Inc
• DuPont de Nemours, Inc
• Evonik Industries

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Plastics Industry Size, Recent Development, Variables, Trends and Regional Scope

Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

Grand View Research’s plastics industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Plastics Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Plastic Resins Market Report Highlights

The global plastic resins market size was estimated at 349,628.9 kilotones in 2021, projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030.

• Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2021 and is further expected to witness maximum growth over the forecast period
• As of 2021, China accounted for the maximum revenue share in the market, with 33.0%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a positive impact on the automotive industry
• The advent of bio-based plastic resins has played a prominent role in food and beverage, and pharmaceutical applications. Polymers such as PET and PC are increasingly utilized in the beverages packaging and consumer goods sector

Plastic Compounds Market Report Highlights

The global Plastic Compounds Market size was estimated at 27,896.6 kilotones in 2021, projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.

• In terms of revenue, the automotive end-use segment accounted for the largest revenue share of the global market in 2020 and is expected to witness prominent growth over the forecast period
• Asia Pacific was the dominant regional market in 2020 owing to the growing demand for automobiles in the region coupled with favorable FDI norms by various governments encouraging the adoption of Electric Vehicles (EVs)
• Strategic partnerships, capacity expansions, and new product developments are popular strategies adopted by a majority of players operating in this market
• For instance, in January 2021, Eurostar Engineering Plastics was acquired by Ascend Performance Materials, a Houston-based manufacturer of polyamide 66 resin
• This acquisition helped both the companies to expand their compounding product market globally

Order your copy of Free Sample of “Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Recycled Plastics Market Report Highlights

The global Recycled Plastics Market size was estimated at 50,465.24 kilotones in 2021, projected to grow at a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030.

• The building & construction application segment is expected to witness the fastest CAGR over the forecast period, in terms of revenue
• The segment growth is attributed to the rising demand for recycled plastics in composite lumber, roofing tiles, insulation, rocks, and fences
• The electrical & electronics application segment accounted for the maximum revenue share in 2021
• This is attributed to the high demand for lightweight, durable electronics and electrically well-insulated products for reduced heat loss and improved performance of the electronic components and products
• Asia Pacific accounted for the largest revenue share in 2021. The market in China recycled is estimated to witness significant growth to reach a net worth of USD 17.3 billion by 2030

Go through the table of content of Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The global plastic molding companies face intense competition from each other as well as from the regional players who have strong distribution networks and good knowledge about suppliers & regulations.The companies in the market compete on the basis of product quality offered and the technology used for the production of plastics. Major players compete on the basis of application development capability and new technologies used in product formulation.

Key players operating in the Plastics industry are:

• 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.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:  

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Plastics Industry Value Addition and Profit Margin Analysis Report by 2030

The global plastics industry size stood at 307,966.7 kilotons in 2021 and will observe an upward growth trajectory on the back of heightened demand from automotive, food & beverage, consumer goods, packaging and electrical & electronics, according to the "Plastics Industry Data Book, 2023-2030," published by Grand View Research. In essence, the automakers have upped investments in lightweight plastics, thereby helping reduce emissions. However, a UNEP study infers that plastics-linked GHG emissions could contribute 15% of the total emissions allowable by 2050. Incumbents are poised to bank on recycled materials to foster their sustainability profile and brand position.

An unprecedented rise in plastic waste, along with unsatisfactory end-of-life waste management, has compelled governing bodies to prioritize a circular economy. A robust approach to preventing plastic pollution could see recycled plastics gain ground globally. Prominently, businesses have exhibited huge traction for plastics for durability and protection from contaminants.

The urge to make plastics more sustainable will encourage manufacturing firms to use sustainable plastics. The global recycled plastics market size garnered 50,465.24 kilotons in 2021 and will depict a CAGR of 3.3% from 2022 through 2030. A marked rise in plastics recycling rates and better plastic waste treatment could facilitate the circular economy. Forward-looking companies will likely focus on diverting waste plastics towards recycling facilities, a trend poised to favor market growth.

Order your copy of the Free Sample of "Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030" Data Book, published by Grand View Research

Amidst soaring demand and material shortages, plastic resins have witnessed a proliferation in consumption across automobile parts, packaging, medical devices, electronics and construction. Resin shortage is traced to the brutal winter storm and the COVID-19 onslaught. For instance, in Q1 2021, oil refineries across large parts of the U.S., including Texas and Louisiana, were shut down due to storms. Meanwhile, a dip in energy costs and heightened demand for epoxy resins made from organic materials will accentuate the industry outlook. The global plastic resins market size stood at 349.628.9 kilotons in 2021 and will observe a 3.2% CAGR through 2030.

Stakeholders are expected to deliberate upon the following opportunities and trends to tap into the global landscape:

• The rising footfall of residential and commercial spaces across emerging regions will propel the penetration of plastic additives. Besides, the need to enhance the shelf-life, reduce the risk of microbes and boost the aesthetic value will foster the demand for additives.
• An exponential rise in plastic consumption in the automotive sector and the use of PET in bottle production will augur innovation for plastic compound manufacturers.
• Asia Pacific market will provide compelling growth opportunities on the back of bullish construction activities, surging demand for consumer goods and expanding automotive sector.

Industry participants expect North America plastics industry to witness investment galore on the heels of heightened demand for the material in durable goods, including furniture and appliances and non-durable products, such as medical devices, disposable diapers, cups, trash bags and utensils. Additionally, the food & beverage sector across the U.S. and Canada has shown traction for PET beverage bottles, HDPE bottles for water and other materials for bags, lids and containers.

An unprecedented spike in plastic pollution across U.S. and Canada has underscored the recycled plastic trend. The UNEP infers that plastics contribute 85% of total marine waste, prompting governing bodies and other stakeholders to push for recyclability. For instance, in March 2022, BASF Venture Capital announced an infusion of funds into Oceanworks to make it easier to source recycled plastics. The startup will use digitized blockchain technology for traceability.

Go through the table of content of Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

The competitive landscape suggests that key players will emphasize organic and inorganic strategies, including geographical expansion, product offerings, R&D activities, technological advancements, innovations and mergers & acquisitions. To illustrate, in August 2022, Covestro announced robust plans to establish mechanical recycling (MCR) of polycarbonates in Shanghai to deliver over 60,000 tons of polycarbonates in the Asia Pacific with recycled content until 2026. The first dedicated line is expected to keep up with the demand for sustainable solutions in manufacturing consumer goods, electrical and electronic products and automotive applications.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Metallocene Polyethylene Market Technological Innovations and Development Trends

Global metallocene polyethylene market is projected to witness substantial growth in the forecast period due to rise in demand for metallocene polyethylene from packaging sector. Metallocene polyethylene, also known as linear metallocene, are the high performing polymers. They are widely used in numerous film applications, agriculture, packaging, building and construction, and industrial uses. They significantly enhance the characteristics of polyethylene and result in better finished product. Metallocene polyethylene is highly wear and tear resistant, can be easily processed with better resistant to melting, and hold brilliant optical properties.

Reasons for the growth of metallocene polyethylene (mPE) market includes increasing popularity of metallocene polyethylene in plastic products, growth of plastic industry, and growing demand from several end use industries, such as personal care, food and beverages, consumer goods and electronics, among others. Additionally, manufacturers are increasingly adopting growth strategies like collaborations, which is propelling the market. However, increasing concerns for plastic products and films is restraining the metallocene polyethylene market. Low awareness and easy availability of cheaper substitutes is also hampering the market.

Rise in investments for research and development for the introduction of new grades of metallocene polyethylene is tending in the market. Manufacturers are focusing on developing and introducing products for various industrial use and increasing their customer base.

Metallocene polyethylene market is categorized on the basis of product type, catalyst type, application, and geography. On the basis of product type, market is divided into metallocene High Density Polyethylene (mHDPE), metallocene Linear Low-Density Polyethylene (mLLDPE), and others. Metallocene Linear Low-Density Polyethylene (mLLDPE) segment is anticipated to hold larger share of the market in the near future owing to wide applications in several end use industries. Metallocene Linear Low-Density Polyethylene (mLLDPE) hold characteristics like highly resistant towards puncture and damage and excellent tensile strength. Based on catalyst type, the market is split into ferrocene, zirconocenes, titanocene, and others.

Get Sample Copy of this Report @
https://www.millioninsights.com/industry-reports/metallocene-polyethylene-mpe-market/request-sample

In terms of application, metallocene polyethylene market is divided into injection moulding, films, extrusion coating, sheets, and others. Film segment is projected to lead the market in forecast period owing to wide applications in packaging. Metallocene Polyethylene provides secure packaging due to damage resistance and high flexibility.

Based on end users, the market is divided into food & beverage, building & construction, packaging, healthcare, automotive, agriculture, and others. Packaging segment is expected to lead the market due to high demand for metallocene polyethylene. Further, food and beverage and healthcare industries also account for significant share in future.

Geographically, metallocene polyethylene industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market in the forecast period owing to the high demand for metallocene polyethylene from several end use industries of developing economies like Japan, China, and India. Furthermore, North America and Europe also account for significant share of the market in future.

The major players in metallocene polyethylene market comprise Chevron Phillips Chemical Company, Univation Technologies, Exxon Mobil Corporation, Tricon Energy Inc., INEOS Olefins and Polymers, The Dow Chemical Company, R. POLYMERS PVT. LTD., B LyondellBasell Industries Holdings. V, ChemChina, Repsol, Total Petrochemical & Refining USA Inc., Reliance Industries Limited, Borealis AG, Braskem, and Prime Polymer Co. Ltd., among others.

Browse Related Category Market Reports @ https://www.millioninsights.com/industry/plastics