Bharat Book Bureau Provides the Trending Market Research Report on “Global Plastic Resins Market Report and Forecast 2022-2027” under Chemical & Materials Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

Global Plastic Resins Market Report and Forecast 2022-2027

Market Outlook
According to ourlatest report, ‘Global Plastic Resins Market Report and Forecast 2022-2027’, the global plastic resins market attained a value of about 613.4 billion in 2021. Aided by technological advancements in the bus transportation system, the market is projected to further grow at a CAGR of 2.0% between 2022 and 2027 to reach a value of 826.0 billion by 2027.

Plastic resins are obtained by the cracking process, in which hydrocarbons are heated. In this process, larger molecules are broken down into ethylene or propylene, and the amount of these two compounds depend upon the cracking temperature. Propylene has a good chemical resistance and high hardness. Meanwhile, ethylene can be easily ignited. Plastic resins are typically used in the production of caps, containers, and closures used in the packaging industry. Moreover, plastic resins with good impact and scratch resistance are likely to witness a high demand in the packaging industry.

Plastic resins are crucial in the automotive industry as it improves the fuel efficiency and reduces the overall weight of the vehicle. Polypropylene is used for making car bumpers, gas cans, and carpet fibres, meanwhile, polyurethane is used in insulation panels and seat cushions. In this regard, the thriving automotive industry is generating the demand for plastic resins. Meanwhile, plastic resins are durable, lightweight, and scratch resistant.

This makes them ideal in the production of bottles, and manufacturing containers, among others. Henceforth, the growing demand for the product from the packaging industry is further invigorating the market. Over the forecast period, the emerging e-commerce industry is anticipated to boost the packaging industry, thereby, invigorating the plastic resins market.

Market Segmentation
The market report by our analyses the market based on segmentations such as product, application, and major region.

Market Breakup by Product
•Polyethylene Terephthalate (PET)
•High Density Polyethylene (HDPE)
•Polyvinyl Chloride (PVC)
•Low Density Polyethylene (LDPE)
•Polypropylene (PP)
•Polystyrene (PS)
•Others

Market Segmentation by Application
•Packaging
•Automotive
•Construction
•Electrical and Electronics
•Consumer Goods
•Others

Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the our report are:
•Arkema S.A.
•Celanese Corporation
•DuPont de Nemours, Inc.
•Evonik Industries AG
•Formosa Plastics Corporation
•Others

Browse our full report with Table of Content :
https://www.bharatbook.com/report/1343842/global-plastic-resins-market-reportand-forecast

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