Commodity Plastics - Global Strategic Business Report

Global Commodity Plastics Market to Reach $939.2 Billion by 2030

The global market for Commodity Plastics estimated at US$506 Billion in the year 2022, is projected to reach a revised size of US$939.2 Billion by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. Polyethylene (PE), one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$280.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polypropylene (PP) segment is readjusted to a revised 7.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $137.9 Billion, While China is Forecast to Grow at 13% CAGR

The Commodity Plastics market in the U.S. is estimated at US$137.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$226.6 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 196 Featured) -

• BASF
• Borealis
• Braskem
• Chevron Phillips Chemical
• Eni Spa
• Exxon Mobil
• Formosa Plastics
• Haldia Petrochemicals
• Hanwha Chemical
• Indian Oil
• Ineos
• LG Chem
• Lotte Chemical
• Lyondellbasell
• Mitsubishi Chemical
• Nova Chemicals
• PTT Global Chemical
• Qatar Petroleum
• Qenos Pty
• Reliance Industries
• SABIC
• Sinopec
• Sumitomo Chemical
• The DOW Chemical
• Westlake Chemical

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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