Commodity Plastics Market [By Product Type (PE, PP, PVC, PET, PS, Others); By Application (Automotive, Consumer Goods, E

1. Commodity Plastics MarketSet to Exceed $651.80 Billion by 2026 | CAGR 7% “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”

2. Commodity Plastics Market Estimate & Forecast to 2026 The global commodity plastics market size is anticipated to reach $651.8 billion by 2026, growing at a CAGR of 7% during the forecast period, according to a report published by Polaris Market Research. The market is anticipated to significantly witness a considerable growth during the forecast period on account of rapidly rising demand for high performance end-use products such as lightweight packaging materials. In addition, the improving economic parameters and improvised standards of living in emerging counties are likely to be the crucial drivers which have flourished the market growth. Demand for commodity plastics has also grown on account of increase in the metal prices. The global plastic industry has been forced to focus on innovation concerning biodegradability of plastics as many nations have banned the use of plastics that is non-biodegradable. Also, light-weight electric vehicles have increasingly gained significance which in turn has further strengthened the demand for the electric vehicles.

3. Commodity Plastics Market Scope Request for sample

4. Commodity Plastics Market Estimate & Forecast to 2026 Commodity plastics indicate higher scope of applications across numerous end-use industries as these are supplied in bulk and have excellent chemical properties. In addition, these can be utilized for numerous applications such as packaging, garbage containers, photography, clothing, and magnetic tapes among many. These are also applied in industries such as consumer goods, automotive, manufacturing, packaging, electronics, construction, textiles, and pharmaceutical. Based on product-type the market is bifurcated into Polystyrene (PS), Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Poly (methyl methacrylate) (PMMA), and others. Among them, PE is the most extensively used and product-type with highest demand. This is due to its chemical & physical properties such as their simple structure, insensitivity to a majority of solvents, and high electrical resistance. Also, these bulk plastics are readily available and at lower costs. On the basis of application, the market has been segmented into consumer goods, automotive, electronics, textiles, pharmaceuticals, packaging, and others. Among all the application segments, packaging sector holds highest market share and is anticipated to remain same during the forecast period.   Browse Complete Report

5. Commodity Plastics Market Size Request for TOC

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