Plastic Polymer Market: Industry Size, Demand & Top Market Players 2024

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Sarasota, FL — 12/15/2017 — The polymer is made from the combination of several monomers, which produce different types of polymers based on their molecular chain. Plastic polymers are chained molecules with high molecular weight. They are synthetic polymers that can be remolded or reshaped owing to their elasticity property. They are also called as organic polymers.

The global plastic polymer market is segmented based on various types of plastic application such as engineering plastics, commodity plastics, and specialty plastics. On the basis of resin materials, the global market is segmented as thermoplastic and thermosetting polymers. Further, thermoplastic polymers segment is sub-segmented as polyvinyl chloride (PVC), polypropylene (PP), polyethylene (PE), and polystyrene. Of which, polythyene) is in high demand in plastic material segments. However, thermosetting plastics are further sub-segmented based on material as melamine formaldehyde, polyester resin, polyimides, duroplast, and others. On the basis of end-user, the global plastic polymer market is segmented as packaging, transportation, agriculture equipment, textiles, film and sheet, automotive, and toys.

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Increasing urbanization, growing income and rising demand from the end-user segments are resulting in high growth of the global market. Utilization of the plastic in food processing industry due to consumer preference and changing food practice to store the food products such as raw meat, fish, and vegetables in a consumable state without degrading the nutritional qualities of the food are key factors augmenting the growth of the global plastic polymer market. Application of plastic in road safety and constructional equipment such as helmets, safety goggles, signboards, and barricades as preventive measures in order to avoid hazardous mishap is also one of the factors driving the global plastic polymer market. Research and development for new innovations and better alternatives respective to plastic polymers is also a vital factor growing the market globally. Moreover, development of plastic types which can be recycled after single-use has boosted the growth rate of the plastic polymer market. On the other hand, government taking initiatives to ban un-degradable plastic material that is hazardous to the ecosystem may hinder the growth of the plastic polymers in future.

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The Asia Pacific is the largest market for plastic polymer market mainly owing to rising constructional projects and automotive industries. North America is expected to grow at a steady pace due to its constant focus on developing sustainable alternatives.

Some of the companies operating in the global market include BASF, SABIC, E. I. du Pont de Nemours and Company, Dow Chemical Company, Lyondell Basell Industries, ExxonMobil Corporation, Formosa Plastic Group, Total SA, Bayer Material Science, Arkema, Celanese Corporation, Chi Mei Corporation, Eastman Chemical Company, and Mitsubishi Chemical Holdings Corporation.

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Plastic Polymer Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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