Global Commodity Plastics Market Will Grow at a CAGR 6.9% and Reach USD 699.9 Billion by 2023, from USD 469.8 Billion in 2017

New Global Commodity Plastics Consumption Market Report 2023 Report Covers market forecast and top Companies like Exxon Mobil, LG Chem, Sumitomo Chemical, The DOW Chemical, SABIC and others.


Lewes, DE -- (SBWire) -- 02/26/2019 --Global Commodity Plastics market will register a 6.9% CAGR in terms of revenue, reach US$ 699900 million by 2023, from US$ 469800 million in 2017.

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Commodity Plastics market for 2018-2023.

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.

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.

Over the next five years, study projects that Commodity Plastics will register a 6.9% CAGR in terms of revenue, reach US$ 699900 million by 2023, from US$ 469800 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Commodity Plastics market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Polypropylene (PP)

Segmentation by application:
Consumer Goods

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Exxon Mobil
LG Chem
Sumitomo Chemical
The DOW Chemical
Formosa Plastics
Mitsubishi Chemical

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Commodity Plastics consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Commodity Plastics market by identifying its various subsegments.
Focuses on the key global Commodity Plastics manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Commodity Plastics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Commodity Plastics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 160 pages "Forecast of Global Commodity Plastics Consumption Market Report 2023" report covers Scope of the Report, Executive Summary, Global Commodity Plastics by Players, Commodity Plastics by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Commodity Plastics Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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