Global Industry Analysts Project Global Molded Plastics Market To Reach $ 190.4 Billion By 2026

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FACTS AT A GLANCE
Editing: 16; Posted: April 2021
Executive pool: 9576
Companies: 47 – Actors covered include Al Watania for Industries (WFI); BASF SE; Chevron Phillips Chemical Company LLC; Eastman Chemical Company; Harwal Group; Huntsman Corporation; INEOS SA Group; LyondellBasell Industries NV; Reliance Industries Ltd .; Rowad National Plastic Company Ltd .; SABIC (Saudi Company of Basic Industries); High-tech industries of Takween; Tech Plaastic Industry Private Limited; Thai Pet Industrial Co., Ltd .; Vishal Beverages (P) Ltd. and others.
Blanket: All major geographies and key segments
Segments: Material (polypropylene, polyethylene, polyvinyl chloride, polystyrene, polyethylene terephthalate (PET) and other materials); Application (packaging, consumable and electronics, automotive and transportation, building and construction and other applications)
Geographies:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global Molded Plastics Market To Reach $ 190.4 billion by 2026
Amid the COVID-19 crisis, the global molded plastics market is estimated at 150 billion US dollars in 2020, is expected to reach a revised size of US $ 190.4 billion by 2026, with a CAGR of 4% during the analysis period. Polypropylene, one of the segments analyzed in the report, is expected to register a CAGR of 4% and reach US $ 27.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Polyethylene segment is readjusted to a revised CAGR of 4.7% for the next 7 year period.

The US market is estimated at $ 41.8 billion in 2021, when China is expected to reach $ 39.6 billion by 2026T
he market for molded plastics in the United States is estimated at US $ 41.8 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 39.6 billion by 2026, with a CAGR of 7.2% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 1.2% and 3% respectively over the period of analysis. In Europe, Germany is expected to grow at around 2.1% CAGR.

Polyvinyl chloride segment to reach US $ 41.5 billion by 2026
In the global polyvinyl chloride segment, United States, Canada, Japan, China and Europe will lead to the estimated 3.6% CAGR for this segment. These regional markets representing a combined market size of US $ 24.8 billion in 2020 will reach a projected size of US $ 31.8 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following

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About Global Industry Analysts, Inc. and StrategyR â„¢
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
E-mail: [email protected]

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