Commodity plastics are plastics that are used in high volume and wide range of applications, such as film for packaging, photographic and magnetic tape, clothing, beverage and trash containers and a variety of household products where mechanical properties and service environments are not critical.
Market Analysis and Insights: Global and United States Commodity Plastics Market
This report focuses on global and United States Commodity Plastics market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Commodity Plastics market size is estimated to be worth US$ 352620 million in 2022 and is forecast to a readjusted size of US$ 439590 million by 2028 with a CAGR of 3.7% during the review period. Fully considering the economic change by this health crisis, by Type, Polyethylene (PE) accounting for % of the Commodity Plastics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Packaging was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The commodity plastics market has been segmented on the basis of type into Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Poly(methyl methacrylate) (PMMA), and Others. The PE segment accounted for the largest share of the commodity plastics market in 2016, in terms of volume. It is also expected to be the fastest-growing type segment of the commodity plastics market. This growth can be attributed to the high demand for PE commodity plastics in the packaging application owing to the increased demand for packaged food & beverages.
Global Commodity Plastics Scope and Market Size
Commodity Plastics market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Commodity Plastics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Commodity Plastics market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Polypropylene (PP)
Segment by Application
Packaging
Automotive
Electronics
Consumer Goods
Construction
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Exxon Mobil
LG Chem
Sumitomo Chemical
The DOW Chemical
SABIc
BASf
Lyondellbasell
Sinopec
Ineos
Formosa Plastics
Mitsubishi Chemical