Plastic Market Today: 5% Growth Expected, Revenue to Hit US$ 714.03 Bn by 2030 with Key Players

[kalpesh rajput]

Plastic Market Today: Revenue Projected to Reach US$ 714.03 Bn by 2030

Market Size

The Plastic Market was valued at US$ 507.45 Bn in 2023 and is anticipated to rise at a rate of 5% from 2024 to 2030, reaching nearly US$ 714.03 Bn by 2030.

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Overview

Maximize Market Research has conducted an in-depth investigation into the Plastic Market, focusing on each category while considering global and regional trends. The report addresses the driving factors as well as key restraints to produce a balanced market environment. It categorizes the market into several segments, including Product, Application, Retailers, and Regions, providing a comprehensive understanding of the market. Industry statistics are included to offer insights into the long-term prospects of the Plastic Market.

Market Scope

The global Plastic Market is expected to develop steadily between 2024 and 2030. Significant growth is predicted during this forecast period, driven by key industry players who are actively executing strategic initiatives. This global Plastic Market analysis covers import/export consumption, supply and demand, cost, price, share, sales volume, revenue, and gross margins. The study examines each producer's manufacturing sites, capacity, production, ex-factory price, revenue, and market share in the global Plastic Market. The countries studied include the United States (US), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.

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

Major Manufacturers

1. BASF SE
2. SABIC
3. Dow Inc.
4. DuPont de Nemours, Inc.
5. Evonik Industries
6. Sumitomo Chemical Co., Ltd.
7. Arkema
8. Celanese Corporation
9. Eastman Chemical Company
10. Chevron Phillips Chemical Co., LLC
11. Lotte Chemical Corporation
12. Exxon Mobil Corporation
13. Formosa Plastic Corporation
14. Covestro AG
15. Toray Industries, Inc.
16. Mitsui & Co. Plastic Ltd.

Regional Analysis

The global Plastic Market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Global Plastic Market report includes a comprehensive insight into the major geographies, as well as significant segments and sub-segments. The study examines the current state of regional development, taking into account market size, share, and volume. Figures, geographies, and revenue are included in this global Plastic Market report, along with a complete analysis of the business chain structure, opportunities, and industry news.

COVID-19 Impact Analysis

The COVID-19 Pandemic has the potential to disrupt the global market in three ways: it could affect production and demand directly, disrupt supply networks and marketplaces, and inflict financial devastation on businesses and financial institutions. The study aims to gain a better understanding of the current situation, the economic slowdown, and COVID-19's impact on the market. Maximize Market Research (MMR) regularly assesses the impact of the COVID-19 pandemic on various sectors and verticals. The same information can be found in MMR studies, which help to comprehend how COVID-19 has affected industry decline and growth. Additionally, the MMR report supports in assessing the gap between supply and demand in the market. The MMR report also includes analysis, government policy updates, and a variety of other useful data.

Key Questions Answered

• Which product segment grabbed the largest share in the Plastic market?
• How is the competitive scenario of the Plastic market?
• What are the key factors aiding the Plastic market growth?
• Which region holds the maximum share in the Plastic market?
• What will be the CAGR of the Plastic market during the forecast period?
• Which application segment emerged as the leading segment in the Plastic market?
• Who are the prominent players in the Plastic market?
• What key trends are likely to emerge in the Plastic market in the coming years?
• What will be the Plastic market size by 2030?
• Which company held the largest share in the Plastic market?

Table of Contents:

Chapter 1: Overview

Chapter 2: Global Market Status and Forecast by Regions

Chapter 3: Global Market Status and Forecast by Types

Chapter 4: Global Market Status and Forecast by Downstream Industry

Chapter 5: Market Driving Factor Analysis

Chapter 6: Market Competition Status by Major Manufacturers

Chapter 7: Major Manufacturers Introduction and Market Data

Chapter 8: Upstream and Downstream Market Analysis

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Marketing Status Analysis

Chapter 11: Market Report Conclusion

Chapter 12: Research Methodology and Reference

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