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


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)
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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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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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
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