Commodity Plastics Market by Type (PE, PP, PVC, PS, PMMA), Application (Packaging, Consumer Goods, Construction, Automobile, Electronics, Textile, Medical & Pharmaceutical), and Region (APAC, NA, EU, MEA, and SA) - Global Forecast to 2022

The commodity plastics market was valued at USD 340.99 Billion in 2016 and is projected to reach USD 493.74 Billion by 2022, at a CAGR of 6.6% during the forecast period. This market has been segmented on the basis of type, application, and region. Based on type, the commodity plastics market has been segmented into Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Poly(methyl methacrylate) (PMMA), and others. Based on application, the market has been segmented into packaging, construction, consumer goods, automotive, electronics, textile, medical & pharmaceutical, and others. Based on region, the market has been segmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The base year considered for the study is 2016 and forecast period is between 2017 and 2022.

Objectives of the Study:

• To define, describe, and forecast the commodity plastics market on the basis of type, application, and region
• To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape of the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies

Both top-down and bottom-up approaches were used to estimate and validate the size of the commodity plastics market and estimate the sizes of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Factiva, Securities and Exchange Commission (SEC), and American National Standards Institute (ANSI) to identify and collect information useful for the technical, market-oriented, and commercial study of the commodity plastics market.

To know about the assumptions considered for the study, download the pdf brochure

“This study answers several questions for various market players across the value chain, primarily which market segments to focus in the next two to five years for prioritizing efforts and investments.”

Key players operating in the commodity plastics market include Dow Chemical (US), Exxon Mobil (US), SABIC (Saudi Arabia), BASF (Germany), and Sinopec (China).

Key Target Audience:

• Manufacturers of Commodity Plastics
• Traders, Distributors, and Suppliers of Commodity Plastics
• Regional Manufacturers Associations and General Chemical Associations
• Government & Regional Agencies and Research Organizations
• Investment Research Firms

Scope of the report:

This research report categorizes the commodity plastics market on the basis of type, application, and region.

On the basis of Type:

• PE
• PP
• PS
• PVC
• PMMA
• Others

On the basis of Application:

• Packaging
• Construction
• Consumer Goods
• Automotive
• Electronics
• Textile
• Medical & Pharmaceutical
• Others

On the basis of Region:

• North America
• Asia Pacific
• Europe
• South America
• Middle East & Africa

The market is further analyzed on the basis of key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

• Country-level analysis of the commodity plastics market

Company Information:

• Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Commodity Plastics Market
    4.2 Commodity Plastics Market, By Application
    4.3 Commodity Plastics Market, By Country and Application
    4.4 Commodity Plastics Market Size, By Country

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Packaging Industry
                    5.2.1.2 Increasing Disposable Income Generating High Demand for Consumer Goods
                    5.2.1.3 Growing Production of Lightweight Electric Vehicles and Increasing Metal Prices
           5.2.2 Restraints
                    5.2.2.1 Increased Environmental Concern Over Plastic Waste
           5.2.3 Opportunity
                    5.2.3.1 Developing Countries Offering Significant Growth Opportunities
           5.2.4 Challenges
                    5.2.4.1 Government Regulations on the Use of Plastics in Packaging
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview (Page No. - 37)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Trends in Automotive Industry
    6.4 Trends in Construction Industry
           6.4.1 North America
           6.4.2 Europe
           6.4.3 APAC

7 Commodity Plastics Market, By Type (Page No. - 41)
    7.1 Introduction
    7.2 Polyethylene (PE)
           7.2.1 HDPE
           7.2.2 LDPE
           7.2.3 LLDPE
    7.3 Polyvinyl Chloride (PVC)
           7.3.1 Rigid PVC
           7.3.2 Flexible PVC
    7.4 Polystyrene (PS)
    7.5 Polypropylene (PP)
           7.5.1 Polypropylene Homo-Polymers (PPH)
           7.5.2 Polypropylene Co-Polymers (PPC)
    7.6 Poly(Methyl Methacrylate) (PMMA)
    7.7 Others

8 Commodity Plastics Market, By Application (Page No. - 46)
    8.1 Introduction
    8.2 Packaging
           8.2.1 Film Wraps
           8.2.2 Plastic Bags
           8.2.3 Industrial & Household Chemical Containers
           8.2.4 Milk Jugs
           8.2.5 Cereal Box Liners
           8.2.6 Others
    8.3 Automotive
           8.3.1 Air Dams
           8.3.2 Car Bumpers
           8.3.3 Rocker Panels
           8.3.4 Consoles
           8.3.5 Grilles
           8.3.6 Others
    8.4 Electronics
           8.4.1 Telecommunications
           8.4.2 Semiconductors
           8.4.3 Electronic Components
           8.4.4 Displays
           8.4.5 Others
    8.5 Consumer Goods
           8.5.1 Food Storage Containers
           8.5.2 Weather-Resistant Clothing
           8.5.3 Indoor-Outdoor Carpeting
           8.5.4 Utensils
           8.5.5 Others
    8.6 Construction
           8.6.1 Doors
           8.6.2 Roofing
           8.6.3 Flooring
           8.6.4 Wall Covering
           8.6.5 Piping
           8.6.6 Window Covering
           8.6.7 Insulation
           8.6.8 Others
    8.7 Textile
           8.7.1 Fibers and Fabrics
           8.7.2 Others
    8.8 Medical & Pharmaceutical
           8.8.1 Medical Or Laboratory Tools
           8.8.2 Pharmacy Prescription Bottles
           8.8.3 Therapeutic Systems
           8.8.4 Surgical Equipment
           8.8.5 Others
    8.9 Others

9 Commodity Plastics Market, By Region (Page No. - 55)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Mexico
           9.2.3 Canada
    9.3 APAC
           9.3.1 China
           9.3.2 India
           9.3.3 South Korea
           9.3.4 Japan
           9.3.5 Rest of APAC
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 Italy
           9.4.4 UK
           9.4.5 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 South Africa
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Rest of South America

10 Competitive Landscape (Page No. - 92)
     10.1 Overview
     10.2 Market Ranking
     10.3 Competitive Scenario
             10.3.1 Contracts, Expansions, Agreements, and Investments
             10.3.2 Mergers, Joint Ventures, and Acquisitions
             10.3.3 New Product Launches

11 Company Profiles (Page No. - 98)
Business Overview, Product Offered, Recent Developments, SWOT Analysis, MnM View
     11.1 Exxon Mobil
     11.2 LG Chem
     11.3 Sumitomo Chemical
     11.4 The DOW Chemical
     11.5 SABIC
     11.6 BASF
     11.7 Lyondellbasell
     11.8 Sinopec
     11.9 Ineos
     11.10 Formosa Plastics
     11.11 Mitsubishi Chemical
     11.12 Other Companies
             11.12.1 Borealis
             11.12.2 Chevron Phillips Chemical
             11.12.3 Eni Spa
             11.12.4 Reliance Industries
             11.12.5 Braskem
             11.12.6 Hanwha Chemical
             11.12.7 Lotte Chemical
             11.12.8 Indian Oil
             11.12.9 Haldia Petrochemicals
             11.12.10 Nova Chemicals
             11.12.11 Qenos Pty
             11.12.12 Qatar Petroleum
             11.12.13 Westlake Chemical
             11.12.14 PTT Global Chemical

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 123)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Related Reports
     12.6 Author Details

List of Tables (70 Tables)

Table 1 Trends and Forecast of GDP, 2016—2022 (USD Billion)
Table 2 Automotive Production, Million Units (2011—2016)
Table 3 Contribution of Construction Industry to GDP of North America, 2014—2016 (USD Billion)
Table 4 Contribution of Construction Industry to GDP of Europe, 2014—2016 (USD Billion)
Table 5 Contribution of Construction Industry to GDP of APAC, 2014—2016 (USD Billion)
Table 6 Commodity Plastics Market Size, By Type, 2015—2022 (Million Ton)
Table 7 Commodity Plastics Market Size, By Type, 2015—2022 (USD Billion)
Table 8 Commodity Plastics Market Size, By Application, 2015—2022 (Million Ton)
Table 9 Commodity Plastics Market Size, By Application, 2015—2022 (USD Billion)
Table 10 Commodity Plastics Market Size, By Region, 2015—2022 (Million Ton)
Table 11 Commodity Plastics Market Size, By Region, 2015—2022 (USD Billion)
Table 12 North America: By Market Size, By Country, 2015—2022 (Million Ton)
Table 13 North America: By Market Size, By Country, 2015—2022 (USD Billion)
Table 14 North America: By Market Size, By Application, 2015—2022 (Million Ton)
Table 15 North America: By Market Size, By Application, 2015—2022 (USD Billion)
Table 16 US: By Market Size, By Application, 2015—2022 (Kiloton)
Table 17 US: By Market Size, By Application, 2015—2022 (USD Million)
Table 18 Mexico: By Market Size, By Application, 2015—2022 (Kiloton)
Table 19 Mexico: By Market Size, By Application, 2015—2022 (USD Million)
Table 20 Canada: By Market Size, By Application, 2015—2022 (Kiloton)
Table 21 Canada: By Market Size, By Application, 2015—2022 (USD Million)
Table 22 APAC: By Market Size, By Country, 2015—2022 (Million Ton)
Table 23 APAC: By Market Size, By Country, 2015—2022 (USD Billion)
Table 24 APAC: By Market Size, By Application, 2015—2022 (Million Ton)
Table 25 APAC: By Market Size, By Application, 2015—2022 (USD Billion)
Table 26 China: By Market Size, By Application, 2015—2022 (Kiloton)
Table 27 China: By Market Size, By Application, 2015—2022 (USD Million)
Table 28 India: By Market Size, By Application, 2015—2022 (Kiloton)
Table 29 India: By Market Size, By Application, 2015—2022 (USD Million)
Table 30 South Korea: By Market Size, By Application, 2015—2022 (Kiloton)
Table 31 South Korea: By Market Size, By Application, 2015—2022 (USD Million)
Table 32 Japan: By Market Size, By Application, 2015—2022 (Kiloton)
Table 33 Japan: By Market Size, By Application, 2015—2022 (USD Million)
Table 34 Rest of APAC: By Market Size, By Application, 2015—2022 (Kiloton)
Table 35 Rest of APAC: By Market Size, By Application, 2015—2022 (USD Million)
Table 36 Europe: By Market Size, By Country, 2015—2022 (Million Ton)
Table 37 Europe: By Market Size, By Country, 2015—2022 (USD Billion)
Table 38 Europe: By Market Size, By Application, 2015—2022 (Million Ton)
Table 39 Europe: By Market Size, By Application, 2015—2022 (USD Billion)
Table 40 Germany: By Market Size, By Application, 2015—2022 (Kiloton)
Table 41 Germany: By Market Size, By Application, 2015—2022 (USD Million)
Table 42 France: By Market Size, By Application, 2015—2022 (Kiloton)
Table 43 France: By Market Size, By Application, 2015—2022 (USD Million)
Table 44 Italy: By Market Size, By Application, 2015—2022 (Kiloton)
Table 45 Italy: By Market Size, By Application, 2015—2022 (USD Million)
Table 46 UK: By Market Size, By Application, 2015—2022 (Kiloton)
Table 47 UK: By Market Size, By Application, 2015—2022 (USD Million)
Table 48 Rest of Europe: By Market Size, By Application, 2015—2022 (Kiloton)
Table 49 Rest of Europe: By Market Size, By Application, 2015—2022 (USD Million)
Table 50 Middle East & Africa: By Market Size, By Country, 2015—2022 (Million Ton)
Table 51 Middle East & Africa: By Market Size, By Country, 2015—2022 (USD Billion)
Table 52 Middle East & Africa: By Market Size, By Application, 2015—2022 (Million Ton)
Table 53 Middle East & Africa: By Market Size, By Application, 2015—2022 (USD Billion)
Table 54 Saudi Arabia: By Market Size, By Application, 2015—2022 (Kiloton)
Table 55 Saudi Arabia: By Market Size, By Application, 2015—2022 (USD Million)
Table 56 South Africa: By Market Size, By Application, 2015—2022 (Kiloton)
Table 57 South Africa: By Market Size, By Application, 2015—2022 (USD Million)
Table 58 Rest of Middle East & Africa: By Market Size, By Application, 2015—2022 (Kiloton)
Table 59 Rest of Middle East & Africa: By Market Size, By Application, 2015—2022 (USD Million)
Table 60 South America: By Market Size, By Country, 2015—2022 (Million Ton)
Table 61 South America: By Market Size, By Country, 2015—2022 (USD Billion)
Table 62 South America: By Market Size, By Application, 2015—2022 (Million Ton)
Table 63 South America: By Market Size, By Application, 2015—2022 (USD Billion)
Table 64 Brazil: By Market Size, By Application, 2015—2022 (Kiloton)
Table 65 Brazil: By Market Size, By Application, 2015—2022 (USD Million)
Table 66 Rest of South America: By Market Size, By Application, 2015—2022 (Kiloton)
Table 67 Rest of South America: By Market Size, By Application, 2015—2022 (USD Million)
Table 68 Contracts, Expansions, Agreements, and Investments, 2015—2017
Table 69 Mergers, Joint Ventures, and Acquisitions, 2015—2017
Table 70 New Product Launches, 2015—2017

List of Figures (37 Figures)

Figure 1 Commodity Plastics: Market Segmentation
Figure 2 Commodity Plastics Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Commodity Plastics: Data Triangulation
Figure 6 PE to Dominate Overall Commodity Plastics Market
Figure 7 Packaging is Largest Application of Commodity Plastics
Figure 8 Commodity Plastics Market Size, By Country, 2016 (USD Million)
Figure 9 Commodity Plastics Market Share (Value), By Region, 2016
Figure 10 Growing Packaging Industry to Drive the Commodity Plastics Market
Figure 11 Packaging Expected to Be Fastest-Growing Application
Figure 12 China to Dominate Commodity Plastics Market in APAC, 2016
Figure 13 China to Be the Largest Commodity Plastics Market
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Commodity Plastics Market
Figure 15 Trends of GDP, By Country (USD Billion )
Figure 16 PE to Dominate the Commodity Plastics Market in Forecast Period
Figure 17 Packaging to Be the Dominating Application of Commodity Plastics
Figure 18 India and China to Be Emerging Hotspot in the Commodity Plastic Market During Forecast Period
Figure 19 North America: Commodity Plastics Market Snapshot
Figure 20 APAC: Commodity Plastics Market Snapshot
Figure 21 Europe: Commodity Plastics Market Snapshot
Figure 22 Packaging, Construction, and Consumer Goods Applications to Dominate Commodity Plastics Market in Middle East & Africa
Figure 23 Packaging Application Dominates Commodity Plastics Market in South America
Figure 24 Companies Adopted Contracts, Expansions, Agreements, and Investments as Their Key Strategies Between 2015 and 2017
Figure 25 Market Ranking of Key Players
Figure 26 Company Snapshot: Exxon Mobil
Figure 27 SWOT Analysis
Figure 28 Company Snapshot: LG Chem
Figure 29 Company Snapshot: Sumitomo Chemical
Figure 30 Company Snapshot: the DOW Chemical
Figure 31 Company Snapshot: SABIC
Figure 32 Company Snapshot: BASF
Figure 33 Company Snapshot: Lyondellbasell
Figure 34 Company Snapshot: Sinopec
Figure 35 Company Snapshot: Ineos
Figure 36 Company Snapshot: Formosa Plastics
Figure 37 Company Snapshot: Mitsubishi Chemical

The commodity plastics market is projected to grow from USD 359.42 Billion in 2017 to USD 493.74 Billion by 2022, at a CAGR of 6.6% during the forecast period. This growth is primarily driven by an increase in the applications of plastics in the packaging industry and rise in demand for consumer goods. Increased demand for flexible packaging in packaging industry due to its low cost, durability, and availability is also a major growth factor for the commodity plastics market. The increasing concerns over the development of light weight electric vehicles is further driving the growth of the commodity plastics market. The consumption of commodity plastics in both developed and emerging countries, such as China, India, Mexico, and Brazil has been increasing in recent years.

The commodity plastics market has been segmented on the basis of type into Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Poly(methyl methacrylate) (PMMA), and others. The PE segment accounted for the largest share of the commodity plastics market in 2016, in terms of volume. It is also expected to be the fastest-growing type segment of the commodity plastics market. This growth can be attributed to the high demand for PE commodity plastics in the packaging application owing to the increased demand for packaged food & beverages.

Based on application, the commodity plastics market has been segmented into packaging, consumer goods, construction, automotive, electronics, textiles, medical & pharmaceutical, and others. The packaging application segment accounted for the largest share of the commodity plastics market in 2016. This application segment is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. The rising demand for flexible packaging is driving the growth of the commodity plastics market for the packaging application.

Asia Pacific, North America, Europe, South America, and the Middle East & Africa are considered as the key regions for the commodity plastics market. Asia Pacific is the largest market for commodity plastics. Economic development in the Asia Pacific countries and increased investments in the construction industry are key factors projected to drive the growth of the commodity plastics market in this region. The commodity plastics market in China, India, Mexico, and Brazil is also witnessing growth, owing to the increased consumption of consumer goods and packaged foods. However, growing concern over plastic waste is acting as a restraint to the growth of the commodity plastics market.

Key players operating in the commodity plastics market include Dow Chemical (US), Exxon Mobil (US), SABIC (Saudi Arabia), BASF (Germany), and Sinopec (China). These players are focused on the adoption of key growth strategies such as expansions, new product launches, acquisitions, mergers, and joint ventures to strengthen their market position and widen their customer base. For instance, in 2017, Dow Chemical merged with DuPont (US) to form DowDuPont (US) to cater to the increased demand for commodity plastics from various applications. Dow Chemical also launched two PE commodity plastics in 2017 for various packaging applications. These developments undertaken by companies have contributed to the growth of the commodity plastics market.

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