"At 6.9% CAGR, Commodity Plastics Market size is expected to reach $699.5 Bn by 2027," Says Brandessence Market Research - Seite 2

The spread of COVID-19 has generated a huge trouble in daily activities. The global commodity plastics market is projected to witness a modest decrease in its rate of growth as commodity plastics utilized in various sectors like automotive, construction, textiles, as well as electronics will witness a decline in demand. However, there will be a surge in the demand for commodity plastics used in the consumer goods, packaging, medical & pharmaceutical industries during COVID-19.

News: Advanced Global Investment Company has selected LyondellBasell's Spheripol and Spherizone PP Technologies

Advanced Global Investment Company (AGIC) has selected the LyondellBasell's leading polypropylene technology for a new world-scale facility. This technology will be used in the AGIC's polyolefin production assets situated in Jubail Industrial City, Kingdom of Saudi Arabia. This facility includes 400KTA polypropylene plant using benchmark LyondellBasell's technology and leading Spherizone technology.

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Global Commodity Plastics Market Segmentation:

The market is based on type, end user and region. On the basis of type, it is classified as PVC, PS, ABS, PET and PMMA. On the basis of end-use it is classified as Packaging, Construction, Consumer Goods, Automotive, Electronics, Textiles, Medical & Pharmaceutical and Others (agricultural films, sports equipment, educational stationery, and bike spare parts)

By type:

• PE
• PP
• PVC
• PS
• ABS
• PET
• PMMA

By end-use industry:

• Packaging
• Construction
• Consumer Goods
• Automotive
• Electronics
• Textiles
• Medical & Pharmaceutical
• Others (sports equipment, agricultural films, educational stationery, and bike spare parts)

The regions covered in this Commodity Plastics Market report are North America, Europe, Asia-Pacific and Rest of the World. On the base of nation level, the marketplace is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, India, China, Japan, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.