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Plastics Market: New Research Study by Crystal Market research

The latest trending report published by Crystal Market Research titled, Plastics Market, approximates that the Plastics market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.

Market Overview:
The Plastics Market was valued around USD 492.32 billion in 2016 and is expected to reach roughly USD 1050.00 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 8.78% during the forecast period, owing to various advantages of plastic materials. Plastics are a large array of synthetic or semi-synthetic natural solids which are molded or transformed into numerous useful products. Generally, plastics are natural polymers which occur sometimes naturally or developed from petrochemicals and have elevated molecular weights.

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The rising demand for durable and sustainable products in a variety of end-user industries is fueling the demand for a range of plastics worldwide.
Global plastic market is regularized by means of the end user market application. Due to their low price, the flexibility of use, accessibility to raw materials and ease of production, plastics have dismissed many traditional materials such as paper, wood, metal, glass, leather, and ceramic in the most of their applications.

Key Market Players:
E. I. duPont de Nemours and Company
Saudi Basic Industries Corporation
Dow Chemicals

Regional Outlook:
Asia Pacific regional market dominated the global plastics market and reported for 44.6% of overall market share in 2013. The expansion of major end use industry, predominantly in economies such as India and China, are likely to drive plastics demand in the region. North America and Europe are moderately established markets and are anticipated to grow at fairly lower rates than other high growth regions. European and North American plastics market are mainly stimulated by rising demand for environmental friendly and high-performance plastics materials like engineering thermoplastics and bio-based plastics. South & Central America is predicted to be the top growing market for plastic products with CAGR of 6.3% over forecast years. The growth of construction and automobile industry in Argentina and Brazil is anticipated to encourage the demand for plastic products in this region.

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The plastics market is segmented as follows –
By Product type
Polypropylene (PP)
Polyethylene (PE)
Engineering Plastics
By Application
Film & Sheet
Injection Molding

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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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News Release: Plastics Market: New Research Study by Crystal Market research
Submitted on: January 16, 2018 07:40:13 AM
Submitted by: Chris Harris
On behalf of: