Market Overview:
The global
commodity plastic market, during the forecast period 2016 to 2022, will
register growth at a CAGR of 5.56%. The market for commodity plastic is set to
reach US$439 billion by 2022. As per commodity plastic market analysts, the
global market is anticipated to witness growth owing to the factors such as
growing application of commodity plastics in end-user sectors as well as growing demand for light weight
vehicle. However, the commodity plastic market will face challenges and
restraints due to unstable petrochemical prices and stringent rules and
regulations during the forecast period 2016 to 2022.
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The expansion
of automotive production in the commodity plastic market is set to play a key
role in determining the growth potential during 2016 to 2022years. Analysts
have also studied the commodity plastic market to understand potential threats
and challenges the commodity plastic market companies could face. Although the
commodity plastic market is poised to grow at a fast pace across applications
and type segments, factors such as the imposition of stringent rules could slow
down the commodity plastic market's growth worldwide.
Market
Segmentation
The
commodity plastic market has been segmented into applications and type. Based
on the segment which is applications, the market is categorized on the basis of
automotive, consumer goods, electronics, packaging, pharmaceuticals, textile,
and others. The global market for commodity plastic is further segmented based
on type into polyethylene, polyethylene terephthalate, polypropylene,
polypropylene, polystyrene, and others.
The global
commodity plastic market research report covers all the aspects of the
commodity plastic market based on the segmental analysis of these applications
and type segments. Analysts have also studied the global commodity plastic
market's regional markets spread across many continents and countries. The
applications and type segments along with their sub-segments have been analyzed
and companies functioning in the commodity plastic market across these segments
are profiled and analyzed based on input and feedback from commodity plastic
market based decision makers as well as primary and secondary sources. The
commodity plastic market research report presents analysis based information
for companies functioning in the commodity plastic market.
Regional
Overview
Fluctuations
in the price of petrochemicals may hinder the commodity plastic market growth.
The market research report suggests that companies in the commodity plastic
market could be supported by extensive applications of plastics in the
packaging and other sectors as well as the growing need for packaging bottles
during the forecast period. The commodity plastic market is set to register
growth at a high CAGR owing to these key factors. The commodity plastic market
is spread across North America, Europe, Asia-Pacific, and other parts of the world.
The global commodity plastic market research report reveals that APAC, North
America, and Europe regional commodity plastic markets will dominate the global
market for commodity plastic during the forecast period 2016 to 2022. As per
commodity plastic market analysts, the market is set to witness tremendous
growth across polyethylene and polypropylene segments in North America which
covers commodity plastic markets across the United States, Canada, Mexico and
several other regional markets. Companies active in the commodity plastic
market are also analyzed and studied in the commodity plastic market research
report.
The
commodity plastic market for Europe covers smaller market segments of Germany,
Italy, France, and the United Kingdom. Additionally, the commodity plastic
market research report covers the Asia-Pacific region covering commodity
plastic markets from India, China, Japan, Australia, and others. The commodity
plastic market is also spread across the rest of the world. The commodity
plastic market report covers all such regions including the Middle East,
Africa, Brazil, and others.
Competitive
Landscape
Commodity
plastic has seen increased demand over the years, due to commodity plastic
market development and demand for light vehicles. Companies functioning in the
global commodity plastic market are also being challenged due to
growing awareness about the toxic impact and growing concerns for environmental
impact of plastic. Mergers and acquisitions by commodity plastic market
companies are anticipated to help the market during the forecast period 2016 to
2022. As the commodity plastic market is set to register a high CAGR of 5.56%
and is also anticipated to reach a US$439 billion by 2022, the report
highlights key areas companies need to focus on. The report suggests that the
commodity plastic market will see a healthy growth in the long run till 2022.
Based on SWOT analysis and commodity plastic market’s analysis based on
Porters’ Five Force Model presented in the commodity plastic market report.
Mergers and acquisitions by commodity plastic market companies are anticipated
to help the market during the forecast period 2016 to 2022.
Industry
News
IPL Plastics
Inc. is acquired by Madison Dearborn Partners. The Board formed an independant
special committee in response to numerous confidential inquiries and tentative
recommendations made by private equity supporters from North America and Europe
who wished to discuss the possible company privatisation transaction. The
Special Committee is chairmed by Rose Hynes. It is composed, under the terms of
the corporate and securities legislation, of Sharon Pel and Hugh McCutcheon,
both separate from the company and the CDPQ.
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