Global Commodity Plastic Market, By Region - Forecast to 2022

Global Commodity Plastic Market, By Region - Forecast to 2022

ID: MRFR/CnM/1969-SR | May, 2017 | Region: Global | 18 pages | Statistical Report

Global Commodity Plastic Market, By Region


Globally, the commodity plastic industry is witnessing moderate growth in the sluggish market conditions. Market conditions in most of the developed economies including the U.S., Europe, Japan and others have reached the maturity stage of the market life cycle. In order to ward off threats such as falling sales, most of the companies are turning to regions that offer them sustained demand. Major challenges for global commodity plastic manufacturers include economic uncertainty, rising prices of raw material, volatile U.S. dollar, slow economic growth, decline in automotive production, shortage of raw materials, and reduction in consumer expenditure. The reduction in global production among large industrial customers operating in major end-user industries


Global Commodity Plastic Market Share (%), By Region, 2015

Global Commodity Plastic Market Share (%) By Region


Due to increasing demand on the domestic front, increasing income levels, and easy access to resources, APAC has emerged as the leading consumer as well as producer of commodity plastic. North America as well as Europe have also emerged as a key market for commodity plastic manufacturers. Not only is the demand for commodity plastic expected to be strong in these regions, but their proximity to the U.S. is expected to see them emerge as key targets for production facilities.


North America has, conventionally, always been a strong market for commodity plastic. Globally, the North American market is one of the leaders with respect to demand as well as product innovation in terms of quality and application development. Key countries in the North American market are the U.S. (the most dominant market, accounting for a significant market share) and Canada. BASF (US), Dow Chemicals Inc. (U.S.), SABIC (US), and DuPont (US) are the most dominant commodity plastic manufacturers in North America. Whereas, Europe is the third largest consumer as well as producer of commodity plastic in the world, accounting for around 18% of the market volume in 2015. With recovery in the global economy and reviving demand for commodity plastic, the market is expected to perform well in the years to come. The market in Europe is heavily regulated, with REACH (Registration, Evaluation, Authorization, and Restriction of Chemical Substances) closely monitoring and issuing guidelines to ensure a high level of protection for the environment and human health from the risks that can be posed by chemicals. The commodity plastic market in the European region is highly regulated. The stringent regulatory framework adopted by REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) has resulted in a steady decline in the use of high VOC emitting commodity plastic.

List of Tables
TABLE 1 GLOBAL COMMODITY PLASTIC MARKET, BY REGION 2014-2022 (USD BILLION)
TABLE 2 GLOBAL COMMODITY PLASTIC MARKET, BY REGION, 2014-2022 (MMT)
TABLE 3 NORTH AMERICA COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (USD BILLION)
TABLE 4 NORTH AMERICA COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (MMT)
TABLE 5 EUROPE COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (USD BILLION)
TABLE 6 EUROPE COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (MMT)
TABLE 7 ASIA-PACIFIC COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (USD BILLION)
TABLE 8 ASIA-PACIFIC COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (MMT)
TABLE 9 ROW COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (USD BILLION)
TABLE 10 ROW COMMODITY PLASTIC MARKET, BY COUNTRY, 2014-2022 (MMT)

List of Figures
FIGURE 1 GLOBAL COMMODITY PLASTIC MARKST SHARE BY REGION IN 2015 (%)
FIGURE 2 GLOBAL COMMODITY PLASTIC MARKET, BY REGION (2014-2022) (USD BILLION)
FIGURE 3 GLOBAL COMMODITY PLASTIC MARKET, BY REGION, 2014-2022 (MMT)
FIGURE 4 NORTH AMERICA COMMODITY PLASTIC MARKET (2014-2022) (USD BILLION)
FIGURE 5 NORTH AMERICA COMMODITY PLASTIC MARKET, 2014-2022 (MMT)
FIGURE 6 EUROPE COMMODITY PLASTIC MARKET (2014-2022) (USD BILLION)
FIGURE 7 EUROPE COMMODITY PLASTIC MARKET (2014-2022) (MMT)
FIGURE 8 ASIA-PACIFIC COMMODITY PLASTIC MARKET VALUE (2015), (USD BILLION)
FIGURE 9 ASIA-PACIFIC COMMODITY PLASTIC MARKET VOLUME (2014), (MMT)
FIGURE 10 ROW COMMODITY PLASTIC MARKET (2014-2022) (USD BILLION)
FIGURE 11 ROW COMMODITY PLASTIC MARKET (2014-2022) (MMT)



 

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