Plastic Market Snapshot (2023 to 2033)

The global plastic market is projected to attain a valuation of US$ 712 billion in 2023 and is expected to reach US$ 1050 billion by 2033, expanding at a CAGR of 4% during the forecast period.

Fast urbanization and industrialization in emerging economies have proliferated the sales of plastic in the global market despite its several shortcomings.

Plastics are used to make a broad array of items ranging from beads to spaceships due to their adaptability, ease of production, dimensional stability, easy fabrication, impervious properties, and cost-effectiveness. During the projection period of 2023 to 2033, it is anticipated that rising activities in the infrastructure, automobile manufacturing, and consumer electronics sectors might promote the plastic market growth.

One of the main factors propelling plastic market opportunities is the huge requirement for high-performance plastic wrapping applications for the protection of finished goods. Further, sales of plastic are surging with its increased use as a replacement for metals, such as aluminum and steel, in the production of composite materials in response to regulations. Further, these regulations aim to improve the payload capacity which might increase fuel economy and ultimately conserve energy.

The demand for plastic products has risen since engineering polymers are strong and lasting compared to standard ones. As per the global market study on plastic consumption, they are significantly portable and even affordable while also offering greater physical and thermal qualities.

In a variety of industries, including industrial engineering, building, solar, and automobile industries, polycarbonate sheet provides certainly many more benefits than metal sheets used for construction. Further, the demand for improved polymer solutions for a variety of applications, including building, equipment, and componentry, is on the rise which could prove to be incisive for the plastic market key trends and opportunities in the future days.

Report Attributes Details
Expected Market Value (2023) US$ 712 billion
Anticipated Forecast Value (2033) US$ 1050 billion
Projected Growth Rate (2023 to 2033) CAGR 4%

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2018 to 2022 Plastic Market Outlook in Comparison to 2023 to 2033 Growth Forecast

The market of plastics was worth US$ 615 billion in 2018 and it reached a valuation of US$ 695 billion in 2022 while expanding at a CAGR of 3.1% during the forecast period.

Regulations aiming to enhance fuel efficiency and mitigate carbon emissions are prompting the adoption of plastics as substitutes for metals like aluminum and steel in automotive component manufacturing. This shift toward reducing gross vehicle weight is expected to fuel the demand for plastic materials in the forthcoming period.

The burgeoning construction industry in emerging markets like Brazil, China, India, and Mexico is playing a significant role in fueling the increased use of plastics.

The market's expansion can be credited to a rise in foreign investment in domestic construction markets. Also, this increase in investment is a direct consequence of relaxed Foreign Direct Investment (FDI) norms and requirements, which aim to improve both public and industrial infrastructure.

The burgeoning population, along with increasing urbanization and industrialization in emerging economies, has compelled federal governments to ramp up their construction spending to meet the escalating infrastructure demands. Notably, increased construction spending by governments, especially in China and India, is expected to significantly boost the demand for plastics in various infrastructure and construction applications.

The demand for plastics is projected to rise with a CAGR of 4% during the forecast period due to these factors.

What is the Future of the Global Plastic Market?

What are the Key Driving Factors for the Plastic Market?

The demand for polyethylene is anticipated to increase because of the growing global trend for processed foods, platters, containers for milk and fruit juices, boxes, barrels, and some other water-based food packs. Further, several provincial administrations of many nations have been compelled to expand their infrastructure footprint to meet the rising demand for housing and public buildings that could be instrumental in creating plastic market opportunities in ample amount.

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What are the Existing Challenges for the Plastic Market's Future Trends?

Controls over the use and sales of plastic are anticipated to have a serious impact on market progression. As worries about the environmental harm that polymers cause have grown, strict regulatory norms and other measures have been implemented in several parts of the world. Additionally, many industries and organizations are working toward environment-friendly and non-plastic alternatives in an effort to discourage plastic adoption trends.

Typically, fossil fuel and petroleum are the only sources of it. However, in recent years, plastic manufacturers are now using alternative renewable sources as a result of diminishing polymer supplies. Biodegradable plastics or biopolymers are plastics produced from renewable cellulosic biomass such as maize starch, sawdust, plant-source fats and oils, and food scraps.

In the prevailing plastic market scenario, numerous multinational OEMs are switching out metal parts for manufactured plastic ones. To give an example, Volkswagen's crankshaft shields, which were once made of aluminum, are now constructed of polymers, which reduces the component's load by around 40%.

The demand for plastic tools in medical applications is categorical that was figured out to have favorably impacted the plastic market growth during the rising occurrences of COVID-19 emergency cases throughout the world. Otherwise, the pandemic has had a severe negative impact on the general-purpose plastic market size it is still recovering too.

Category-wise Insights for Plastic Market

The longstanding microelectronics and semiconductor fabrication bases in Taiwan, China, and South Korea are expected to emerge as lucrative sectors for the global plastic market share.

Which is the Significantly Selling Product Type in the Global Plastic Market?

There are several varieties of polymers of PE, including HDPE, LDPE, and LLDPE, depending on their molecular weight. By the global market study on plastic demand for polyethylene, product type accounts for more than one-quarter of the total revenue share.

As evident from the emerging trends in the plastic market, acrylonitrile butadiene styrene compound or ABS is getting recognized to be the most promising product category.

The demand for acrylonitrile is expected to rise with a CAGR of 4.2% during the forecast period. It is mostly utilized in the production of single-use plastic (SUP) particularly includes geomembranes, bin bags, bubble wrap, and bottles & cutleries.

ABS plastic is widely applied in industrial products and construction activities due to its superior resilience, max hardness, and good mechanical properties. So even though the contribution of ABS to the plastic business has remained limited owing to its unfitness against high-temperature environments.

What are the Key Applications of Plastic Driving the Said Market?

In the year 2022, as per the plastic market statistics, the injection molding application segment captured a high cut of revenue, accounting for nearly 43.2% of the industry. The demand plastic for injection molding is anticipated to rise with a CAGR of 4.5% during the forecast period.

Custom plastic parts are frequently made using the injection molding process and it is typically employed in the manufacturing of medical equipment, mechanical tools, and vehicle parts. With the significant growth in the requirement for such products worldwide, this segment is poised to remain dominant in the global plastic market in the upcoming years as well.

One of the other promising application areas in the plastic industry is calendaring which is employed to transform synthetic fibers into sheets and rolls. Poly vinyl chloride or PVC and a few similar repurposed thermoplastics are its primary uses that are set to drive the plastic market future trends in several verticals.

In-line lamination and embossing of the physical characteristics are the key attraction for this segment. With the growing appeal of acrylic sheets and polycarbonate sheets for the expanding packaging sector the calendering segment is prophesied to expand at a notable rate over the forecasted timeline of 2023 to 2033.

Which are the Key Contributing End Use Segments of the Global Plastic Market?

Among all the end-use segments covered by the plastic market analysis report of FMI, with a little more than 36.8% of the total demand in 2022 was shared by the packaging category. It is a highly penetrated end-use segment that still has a lot of potential in the global plastic market adoption trends.

The demand for plastic from the packaging industry is projected to rise with a CAGR of 4.7% during the forecast period. In the contemporary market, the whole gamut of the packaging sector is heavily dependent on plastic bag supplies. Additionally, the introduction of bio-based polymers is expected to further redefine the plastic market trends and forecasts in the coming period.

Packaging for beverages and consumable items is anticipated to provide profitable plastic market expansion chances. While the demand for luxury, commercial, and certain B2B mass transit packaging is anticipated to decline as a result of the cessation or adoption of reusable alternatives.

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Regional Analysis of the Plastic Market

The expansion of the infrastructure sector in developing nations like China, India, and Brazil has significantly increased sales of plastic building materials. Since loosened FDI regulations and demands for better public and industrial infrastructure, there has been a surge in foreign investment in certain building material sectors including the plastic market share.

How Plastic Market Share is Performing in North America?

In 2023, the United States of America’s plastic market size is likely to be worth nearly US$ 90.5 billion. The market in the United States is projected to expand with a CAGR of 4.1% during the forecast period.

The existence of very well automakers, aeronautical & military, and electrical goods sectors are responsible for the nation's strong plastic market position. These elements have presented a wide range of investment possibilities in the latest days, which are anticipated to lead to increased sales of plastic products in the United States of America and adjoining nations.

As per the new market research report on the plastic business, the environmental concerns in the United States of America are at slow risk along with a steady demand that can retain the dominance of the target market in the coming years.

What is the Performance of the Plastic Market in the Asia Pacific Region?

Following the plastic market survey conducted by FMI in 2022, the global target market is majorly driven by the Asia Pacific region, which represents up to 44.1% share of the global revenue. The sales of plastic in the region are anticipated to increase with a CAGR of 4.3% during the forecast period.

By virtue of its significantly expanding industrial sector, the sales of plastic in the packaging sectors of several regional economies are getting abound. Furthermore, due to technological diffusion from overseas countries into this geographical region in recent years, there has been a rise in the use of plastic components in automobile manufacturing.

China's Plastic market is the region's major manufacturer and supplier of plastic parts. The Asia Pacific plastic market is expanding as a result of rapid urbanization, better financial conditions, and rising infrastructure activity.

Start-ups in Plastic Market

Start-ups are crucial in identifying growth prospects and fostering industry growth, thanks to their ability to efficiently convert inputs into outputs and adapt to volatile market conditions. Within the plastic market, numerous start-ups are actively involved in manufacturing and offering related services.

  • Banyan Nation offers post-consumer & industrial plastic recycling services, utilizing a proprietary cleaning technology.
  • Arqlite is a technology-driven plastic waste recycler, offering services to recycle various types of plastics, including HDPE, LDPE, PET, PP, bi & tri-laminates, multi-polymer composites, and more.
  • Plastogaz specializes in providing technology for transforming plastic waste into chemicals.

Competitive Landscape

The market for plastic is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.

The key industry players working in the market are BASF SE, SABIC, Dow Inc, DuPont de Nemours, Inc, Evonik Industries, Sumitomo Chemical Co., Ltd., Arkema, Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corporation, Exxon Mobil Corporation, Formosa Plastic Corporation, Covestro AG, Toray Industries, Inc., Mitsui & Co. Plastic Ltd.

Recent Developments in the Plastic Market :

  • In January 2023, BASF announced an investment to expand the capacity for polymer dispersions at its manufacturing facility in Merak, Indonesia.
  • In January 2023, SABIC reaffirmed its commitment to the circular economy by announcing plans to produce one million metric tonnes of TRUCIRCLETM solutions annually by 2030.
  • In December 2022, SABIC, a prominent player in the diversified chemical industry, launched a novel high-density polyethylene (HDPE) containing mechanically recycled content. This release is part of TRUCIRCLETM, the company's initiative to promote a circular economy for plastics.
  • In January 2023, Evonik unveiled IN VIVO BIOTICSTM, a scientifically supported line of synbiotic products.
  • In February 2021, ExxonMobil successfully concluded the initial phase plant trial of its patented advanced recycling process in Texas and the United States.

Report Scope

Report Attribute Details
Market Value in 2023 US$ 712 billion
Market Value in 2033 US$ 1050 billion
Growth Rate CAGR of 4% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • By product
  • By application
  • By end-use
  • By region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa
Key Countries Profiled
  • The United States of America
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • India
  • China
  • Japan
  • Malaysia
  • Singapore
  • Thailand
  • South Korea
  • Australia
  • New Zealand
  • South Africa
  • Israel
Key Companies Profiled
  • BASF SE
  • SABIC
  • Dow Inc
  • DuPont de Nemours, Inc
  • Evonik Industries
  • Sumitomo Chemical Co., Ltd.
  • Arkema
  • Celanese Corporation
  • Eastman Chemical Company
  • Chevron Phillips Chemical Co., LLC
  • Lotte Chemical Corporation
  • Exxon Mobil Corporation
  • Formosa Plastic Corporation
  • Covestro AG
  • Toray Industries, Inc.
  • Mitsui & Co. Plastic Ltd.
Customization Available Upon Request

Key Segments Profiled in the Plastic Market Industry Survey

By Product :

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyvinyl chloride (PVC)
  • Polyethylene terephthalate (PET)
  • Polystyrene (PS)
  • Acrylonitrile butadiene styrene (ABS)
  • Polybutylene terephthalate (PBT)
  • Polyphenylene Oxide (PPO)
  • Epoxy Polymers
  • Liquid Crystal Polymers
  • Polyether ether ketone (PEEK)
  • Polycarbonate (PC)
  • Polyamide (PA)
  • Polysulfone (PSU)
  • Polyphenylsulfone (PPSU)
  • Others

By Application :

  • Injection Moulding
  • Blow Moulding
  • Roto Moulding
  • Compression Moulding
  • Casting
  • Thermoforming
  • Extrusion
  • Calendering
  • Others

By End-use :

  • Packaging
  • Construction
  • Electrical & Electronics
  • Automotive
  • Medical Devices
  • Others

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

Frequently Asked Questions

How big is the Plastic Market by 2033?

The projected revenue of the market by 2033 is US$ 1,050 billion.

What is the Plastic Market CAGR for 2033?

The market CAGR for 2033 is projected to be 4%.

Who are the Three Key Players in the Plastic Market?

Sinopec, LyondellBasell, and Dow Chemical are the key Plastic market players.

What is the Current Plastic Market Valuation?

The market is estimated to secure a valuation of US$ 712 billion in 2023.

Why is the North American Plastic Market growing remarkably fast?

North America is growing fast due to the increasing demand for plastic products.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product, 2023 to 2033

        5.3.1. Polyethylene (PE)

        5.3.2. Polypropylene (PP)

        5.3.3. Polyurethane (PU)

        5.3.4. Polyvinyl chloride (PVC)

        5.3.5. Polyethylene terephthalate (PET)

        5.3.6. Polystyrene (PS)

        5.3.7. Acrylonitrile Butadiene Styrene (ABS)

        5.3.8. Polybutylene Terephthalate (PBT)

        5.3.9. Polyphenylene Oxide (PPO)

        5.3.10. Epoxy Polymers

        5.3.11. Liquid Crystal Polymers

        5.3.12. Polyether Ether Ketone (PEEK)

        5.3.13. Polycarbonate (PC)

        5.3.14. Polyamide (PA)

        5.3.15. Polysulfone (PSU)

        5.3.16. Others

    5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Injection Moulding

        6.3.2. Blow Moulding

        6.3.3. Roto Moulding

        6.3.4. Compression Moulding

        6.3.5. Casting

        6.3.6. Thermoforming

        6.3.7. Extrusion

        6.3.8. Calendering

        6.3.9. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-use, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-use, 2023 to 2033

        7.3.1. Packaging

        7.3.2. Construction

        7.3.3. Electrical & Electronics

        7.3.4. Automotive

        7.3.5. Medical Devices

        7.3.6. Others

    7.4. Y-o-Y Growth Trend Analysis By End-use, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By End-use, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Product

        9.2.3. By Application

        9.2.4. By End-use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product

        9.3.3. By Application

        9.3.4. By End-use

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Product

        10.2.3. By Application

        10.2.4. By End-use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product

        10.3.3. By Application

        10.3.4. By End-use

    10.4. Key Takeaways

11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. UK

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Product

        11.2.3. By Application

        11.2.4. By End-use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product

        11.3.3. By Application

        11.3.4. By End-use

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Product

        12.2.3. By Application

        12.2.4. By End-use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product

        12.3.3. By Application

        12.3.4. By End-use

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Product

        13.2.3. By Application

        13.2.4. By End-use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product

        13.3.3. By Application

        13.3.4. By End-use

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Product

        14.2.3. By Application

        14.2.4. By End-use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product

        14.3.3. By Application

        14.3.4. By End-use

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Product

        15.2.3. By Application

        15.2.4. By End-use

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product

        15.3.3. By Application

        15.3.4. By End-use

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Product

            16.1.2.2. By Application

            16.1.2.3. By End-use

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Product

            16.2.2.2. By Application

            16.2.2.3. By End-use

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Product

            16.3.2.2. By Application

            16.3.2.3. By End-use

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Product

            16.4.2.2. By Application

            16.4.2.3. By End-use

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Product

            16.5.2.2. By Application

            16.5.2.3. By End-use

    16.6. UK

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Product

            16.6.2.2. By Application

            16.6.2.3. By End-use

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Product

            16.7.2.2. By Application

            16.7.2.3. By End-use

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Product

            16.8.2.2. By Application

            16.8.2.3. By End-use

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Product

            16.9.2.2. By Application

            16.9.2.3. By End-use

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Product

            16.10.2.2. By Application

            16.10.2.3. By End-use

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Product

            16.11.2.2. By Application

            16.11.2.3. By End-use

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Product

            16.12.2.2. By Application

            16.12.2.3. By End-use

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Product

            16.13.2.2. By Application

            16.13.2.3. By End-use

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Product

            16.14.2.2. By Application

            16.14.2.3. By End-use

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Product

            16.15.2.2. By Application

            16.15.2.3. By End-use

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Product

            16.16.2.2. By Application

            16.16.2.3. By End-use

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Product

            16.17.2.2. By Application

            16.17.2.3. By End-use

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Product

            16.18.2.2. By Application

            16.18.2.3. By End-use

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Product

            16.19.2.2. By Application

            16.19.2.3. By End-use

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Product

            16.20.2.2. By Application

            16.20.2.3. By End-use

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Product

            16.21.2.2. By Application

            16.21.2.3. By End-use

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2022

            16.22.2.1. By Product

            16.22.2.2. By Application

            16.22.2.3. By End-use

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2022

            16.23.2.1. By Product

            16.23.2.2. By Application

            16.23.2.3. By End-use

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Product

        17.3.3. By Application

        17.3.4. By End-use

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. BASF SE

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

                18.1.1.5.2. Product Strategy

                18.1.1.5.3. Channel Strategy

        18.1.2. SABIC

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

                18.1.2.5.2. Product Strategy

                18.1.2.5.3. Channel Strategy

        18.1.3. Dow Inc

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

                18.1.3.5.2. Product Strategy

                18.1.3.5.3. Channel Strategy

        18.1.4. DuPont de Nemours, Inc

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

                18.1.4.5.2. Product Strategy

                18.1.4.5.3. Channel Strategy

        18.1.5. Evonik Industries

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

                18.1.5.5.2. Product Strategy

                18.1.5.5.3. Channel Strategy

        18.1.6. Sumitomo Chemical Co., Ltd.

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

                18.1.6.5.2. Product Strategy

                18.1.6.5.3. Channel Strategy

        18.1.7. Arkema

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

                18.1.7.5.2. Product Strategy

                18.1.7.5.3. Channel Strategy

        18.1.8. Celanese Corporation

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

                18.1.8.5.2. Product Strategy

                18.1.8.5.3. Channel Strategy

        18.1.9. Eastman Chemical Company

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

                18.1.9.5.2. Product Strategy

                18.1.9.5.3. Channel Strategy

        18.1.10. Chevron Phillips Chemical Co., LLC

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

                18.1.10.5.2. Product Strategy

                18.1.10.5.3. Channel Strategy

        18.1.11. Lotte Chemical Corporation

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

                18.1.11.5.2. Product Strategy

                18.1.11.5.3. Channel Strategy

        18.1.12. Exxon Mobil Corporation

            18.1.12.1. Overview

            18.1.12.2. Product Portfolio

            18.1.12.3. Profitability by Market Segments

            18.1.12.4. Sales Footprint

            18.1.12.5. Strategy Overview

                18.1.12.5.1. Marketing Strategy

                18.1.12.5.2. Product Strategy

                18.1.12.5.3. Channel Strategy

        18.1.13. Formosa Corporation

            18.1.13.1. Overview

            18.1.13.2. Product Portfolio

            18.1.13.3. Profitability by Market Segments

            18.1.13.4. Sales Footprint

            18.1.13.5. Strategy Overview

                18.1.13.5.1. Marketing Strategy

                18.1.13.5.2. Product Strategy

                18.1.13.5.3. Channel Strategy

        18.1.14. Covestro AG

            18.1.14.1. Overview

            18.1.14.2. Product Portfolio

            18.1.14.3. Profitability by Market Segments

            18.1.14.4. Sales Footprint

            18.1.14.5. Strategy Overview

                18.1.14.5.1. Marketing Strategy

                18.1.14.5.2. Product Strategy

                18.1.14.5.3. Channel Strategy

        18.1.15. Toray Industries, Inc.

            18.1.15.1. Overview

            18.1.15.2. Product Portfolio

            18.1.15.3. Profitability by Market Segments

            18.1.15.4. Sales Footprint

            18.1.15.5. Strategy Overview

                18.1.15.5.1. Marketing Strategy

                18.1.15.5.2. Product Strategy

                18.1.15.5.3. Channel Strategy

        18.1.16. Mitsui & Co. Ltd.

            18.1.16.1. Overview

            18.1.16.2. Product Portfolio

            18.1.16.3. Profitability by Market Segments

            18.1.16.4. Sales Footprint

            18.1.16.5. Strategy Overview

                18.1.16.5.1. Marketing Strategy

                18.1.16.5.2. Product Strategy

                18.1.16.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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