Plastics are indispensable in our everyday life. "In 2016, the global plastics market reached a volume of more than 263 million tonnes," says Oliver Kutsch, CEO of Ceresana. For the first time, the market research institute Ceresana analyzed the whole world market for all commercially important plastics in one big study, from standard products up to high-performance engineering materials.
Asia-Pacific is Major Consumer
According to the demand volume and price ... Read more
The global automotive plastics market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the global market in the forthcoming years.
The global plastics market is expected to grow rapidly at a healthy CAGR of over 8 % from 2014 to 2020. Plastics are synthetic/semi-synthetic organic solid materials that are used to create various valuable products. On account of the ease of manufacture, low cost, flexibility of use, and availability of raw materials, plastics have replaced a ... Read more
The global plastics market is expected to grow rapidly at a healthy CAGR of over 8 % from 2014 to 2020. Plastics are synthetic/semi-synthetic organic solid materials that are used to create various valuable products. On account of the ease of manufacture, low cost, flexibility of use, and availability of raw materials, plastics have replaced a ... Read more
Japan synthetic rubber market is expected to grow at a modest growth during the forecast period. The country is one of the major rubber consumers globally. There are more than 1,200 companies involved in the business of rubber products with 20 synthetic rubber manufacturing companies effective manufacturing plants in Japan. Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd. are the Japanese based tire companies ... Read more
India synthetic rubber market is anticipated to grow at a significant growth rate during the forecast period. The largest synthetic rubber consumers in India are the automobile and medical sectors making it a major market for synthetic rubber. Based on consumption patterns, the rubber industry in India can be categorized into two sectors - the tire sector and non-tire sector. The tire sector comprises all types of automobile tires, conventional as well as radial tires - ... Read more
US SBR market is expected to have a significant CAGR during the forecast period. The country is one of the major consumers of SBR and products manufactured by it, which is a major factor for augmenting the market. Major application of SBR includes vehicle component manufacturing, tiers manufacturing, footwear and so on. A significant application of SBR can be found in other applications also; including medical gloves, airplane components and tiers and so on. In the US, the ... Read more
