Recent Developments :
ExxonMobil Chemical Company, Inc. supplies and manufactures petrochemical products for consumers in the United States and globally. It provides polymers, such as polypropylene, polyethylene, ethylene propylene diene rubber, butyl polymers, tackifiers, polymer modifiers, and thermoplastic vulcanizates chemicals.
On October 2016, the company released two new grades of Exceed XP polyethylene. The introduction of the new Exceed grades, target at producing films for food lamination, greenhouse, and soft-shrink applications, assisted the company in broadening its product portfolio.
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Market Overview
Market Data Forecast published a report named as Top 10 Plastics Market. The global Top 10 Plastics Market worth was USD 436.8 Billion in 2019, and it was estimated to reach a CAGR of 7.15%, to reach USD 668.4 Billion by 2024.
Report segmented as:
By Type:
⦁ Polyvinyl Chloride
⦁ Polyethylene Terephthalate
⦁ Polyethylene
⦁ Expanded Polystyrene
⦁ Polypropylene
By End-Use Industry:
⦁ Building & Construction
⦁ Electronics & Consumer
⦁ Automotive
⦁ Textile
⦁ Packaging
The production of nylon (used in clothing) and more consumption of polyesters in the making of different types of fabrics are motivating the global top 10 plastics market.
Geographical Segmentation:
Based on geography, the market divided under many countries such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific has led the global Top 10 Plastics Market.
Key market players :
⦁ Borealis AG (Austria)
⦁ The Dow Chemical Company (U.S.)
⦁ Ach Foam Technologies (U.S.)
⦁ ExxonMobil Chemical Company, Inc. (U.S.)
⦁ E. I. du Pont de Nemours and Company (U.S.)
⦁ Vinnolit GmbH & Co. KG (Germany)
⦁ Solvay SA (Belgium)
⦁ Polyplastics Co., Ltd. (Japan)
⦁ Huntsman Corporation (U.S.)
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
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