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commodity-plastics-market

Commodity Plastics Market [By Product Type (PE, PP, PVC, PET, PS, Others); By Application (Automotive, Consumer Goods, Electronics, Packaging, Pharmaceuticals, Textiles); By Regions]: Market size & Forecast, 2017 – 2026

Published: Mar 2018
Pages: 100
Format: PDF
Report ID: PM1168
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Report Summary

The global commodity plastics market is anticipated to grow at a CAGR of 7.0% between 2018 and 2026. Commodity plastics offer numerous scopes for applications across various industries. They can be used for various purposes such as packaging, photography, garbage containers, magnetic tapes, and clothing, among others. Moreover, they find application across various industries including consumer goods, manufacturing, automotive, packaging, construction, electronics, pharmaceutical, and textiles, among other industries. An accelerating growth in the demand for flexible packaging, automobile parts for reducing weight etc. among other consumable products is directly propelling demand for these products. In addition, bio-based plastics offers better options in terms of stringent regulatory framework for plastic usage in comparison to the traditional ones. They exhibit properties such as moisture resistance, and high durability. All the factors together are positively impacting the demand for commodity plastics.

The increasing shift in the utilization of bio-based polyethylene terephthalate (PET), polystyrene (PS), polyethylene (PE) to petroleum based plastic products is expected to alter the market dynamics. This shift is largely due to the fluctuating crude oil prices and increasing awareness about the environmental pollution created by use of fossil fuels. The continuous increase in metal pricing is also responsible for growing demand for plastics. However, some of the countries are banning usage for non-biodegradable plastics, as a result of which the industry players are increasingly focusing on innovation. Besides, the commodity plastics market is experiencing heavy demand, due to the increasing demand for lightweight electric vehicles.

North America Commodity Plastics Market Share By Application Type, 2017-2026

North America Commodity Plastics Market Share By Application Type, 2017-2026

Note: Inside circle depicts data for 2018 & outside circle depicts data for 2026

Segment Analysis

The global commodity plastics market is segmented based on types of product including PE, Polypropylene (PP), poly vinyl chloride (PVC), PET and PS. PET was the largest product segment in 2017. Increasing demand from the packaging industry and growing popularity of flexible packaging are some of the factors driving the commodity plastics industry.

The commodity plastics market is further bifurcated into application sectors including consumer goods, automobile, packaging, construction, textile, pharmaceuticals & medical and electronics. Packaging segment was the largest application segment in 2017. Development in packaging materials development technology, demand for flexible packaging products and increasing use of renewable plastics for packaging is anticipated to be the primary factors driving the industry growth. Increasing demand for bio plastics is yet another potential factor for rising demand for commodity plastics.

SAMPLE TABLE
North America Commodity Plastics Market, By Product Type, 2017 - 2026 
(USD Million)

North America Commodity Plastics Market, By Product Type, 2017 - 2026 (USD Million)

Regional Analysis

Asia Pacific region dominated the commodity plastics market in 2017. The region is anticipated to experience significant growth over the forecast period, owing to the heavy investments made by the governments of emerging nations to strengthen their base of skilled workforce. This is one of the reasons that plastic manufacturing and processing companies for the west have started setting their base in the region for skilled but low wage labors. The recent government initiatives taken by Indian, Thailand, and Chinese government to promote the manufacturing sector are acting in favor of the market. For instance, in 2015, the Government of India (GOI) introduced ‘Make in India’ project. Similar steps were taken by Thailand government, by the announcement of favorable buyer’s incentive.

The industry is characterized by the presence of a large number of global, regional, and local players. There is high competing on differentiated product lines. Furthermore, they face stiff competition in terms of quality, pricing, and technology. The presence of numerous vendors results in lowering down of cost price and sales volumes. Such scenario usually creates a negative impact on the financial health of a company. Moreover, the market products are subject to several state, local and federal laws and regulations, duties, and trade agreements.

Competitive Analysis

Some of the key players operating in the commodity plastics market include Covestro, BASF SE, Mitsui Chemicals Inc., Eastman Chemical Corporation, INEOS, Mitsubishi Chemical Corporation, DIC Corp & RTP Company Huntsman Corporation, LyondellBasell, The Dow Chemical Co., Nippon Polyurethane Industry Corp Ltd., Woodbridge Foam Corp., Lubrizol Corporation, The Rampf Holding GmbH & Co. KG. These players are observed proactively engaging in activities aimed at the development of new products and advanced technology.

Key questions answered by the report

  • What is the current size and forecasts of commodity plastics market
  • What is the market opportunity for commodity plastics
  • How big is the size of end-use for commodity plastics market
  • How much is the estimated market for commodity plastics in North America during the forecast period
  • What are the companies in this market and how are they classified
  • What are the available opportunities and who are the top market players in this space

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-away
    5. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. Commodity Plastics Market Insights
    1. Commodity plastics– Industry snapshot
    2. Commodity plastics -Ecosystem analysis
    3. Commodity plastics market dynamics
      1. Commodity plastics– Market Forces
        1. Commodity plastics Market driver analysis
        2. Commodity plastics Market restraint/challenges analysis
        3. Commodity plastics Market opportunity analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Commodity plastics market PEST analysis, 2017
      4. Commodity plastics market Value Chain analysis
      5. Commodity plastics Industry trends
      6. Competitive Ranking Analysis
  4. Commodity plastics Market Size and Forecast by Product Type
    1. Key Findings
    2. Polyethylene (PE)
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Polypropylene (PP)
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Poly vinyl chloride (PVC)
      1. Global Market Estimates and Forecasts, 2017-2026
    5. Polyethylene terephthalate (PET)
      1. Global Market Estimates and Forecasts, 2017-2026
    6. Polystyrene (PS)
      1. Global Market Estimates and Forecasts, 2017-2026
    7. Others
      1. Global Market Estimates and Forecasts, 2017-2026
  5. Commodity plastics Market Size and Forecast by Application Type
    1. Key Findings
    2. Automotive
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Consumer Goods
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Electronics
      1. Global Market Estimates and Forecasts, 2017-2026
    5. Packaging
      1. Global Market Estimates and Forecasts, 2017-2026
    6. Pharmaceuticals
      1. Global Market Estimates and Forecasts, 2017-2026
    7. Textiles
      1. Global Market Estimates and Forecasts, 2017-2026
  6. Commodity plastics Market Size and Forecast by Regions
    1. Key findings
    2. North America
      1. Commodity plastics market by product type, 2017 - 2026
      2. Commodity plastics market by application type, 2017 - 2026
      3. U.S.
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
      4. Canada
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
    3. Europe
      1. Commodity plastics market by product type, 2017 - 2026
      2. Commodity plastics market by application type, 2017 - 2026
      3. Germany
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
      4. UK
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
      5. France
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
    4. Asia Pacific
      1. Commodity plastics market by product type, 2017 - 2026
      2. Commodity plastics market by application type, 2017 - 2026
      3. China
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
      4. India
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
      5. Pakistan
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
    5. Latin America
      1. Commodity plastics market by product type, 2017 - 2026
      2. Commodity plastics market by application type, 2017 - 2026
      3. Brazil
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
      4. Mexico
        1. Commodity plastics market by product type, 2017 - 2026
        2. Commodity plastics market by application type, 2017 - 2026
    6. Middle East & Africa
      1. Commodity plastics market by product type, 2017 - 2026
      2. Commodity plastics market by application type, 2017 - 2026 
  7. Company Profiles
    1. Mitsubishi Chemical
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Formosa Plastics
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Ineos
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Sinopec
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Lyondellbasell
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. BASF
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. SABIC
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. The DOW Chemical
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Sumitomo Chemical
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. LG Chem
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

 

 

 

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for product type up to 2026
  • Market revenue estimates for application up to 2026
  • Market revenue estimates for product type up to 2026
  • Regional market size and forecast for application segments up to 2026
  • Company financials

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