Commodity Plastics Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Germany, France, UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 175 SKU: IRTNTR75161

Global Commodity Plastics Market Forecast 2023-2027

The commodity plastics market size is forecast to increase by USD 159.09 billion. The market is estimated to grow?at a CAGR of 6.11% between 2022 and 2027. The commodity plastics market refers to the global trade and production of low-cost, widely used plastics. They are extensively used in packaging, consumer goods, automotive parts, and construction materials. The growth of this market depends on several factors, including increasing demand for packaging materials, increasing demand for commodity plastics from developing countries, and diverse applications of plastics. This market research and growth report includes key market drivers, trends and challenges. 

What will be the Size of the Commodity Plastics Market During the Forecast Period?

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Commodity Plastics Market Dynamicsand Customer Landscape

The increasing demand for packaging material is?notably driving the market growth, although factors such as stringent regulations over the usage of plastics?may impede the?market growth.?Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

Increasing demand for packaging materials has increased in various industries such as construction, healthcare, and consumer goods. Demand for flexible plastic packaging from hospitals, pharmaceuticals, and PPE manufacturers in the healthcare industry is expected to remain strong during the forecast period. There is a growing demand for plastics in medical equipment such as laboratory equipment, respirators, syringes, surgical trays, medical bags, and?PPE such as masks, face shields, respirators, goggles, gowns, and gloves. This is due to increased health awareness?and?an increase in the number of COVID-19 cases. Demand for healthcare packaging materials is expected to remain stable during the forecast period. Increasing demand for packaging materials will drive the growth of the?market during the forecast period.? 

Market Trends and Analysis

The growing recycling techniques?are a key trend influencing?the market growth. According to the World Economic Forum, at least 8 million tonnes of plastic enter the ocean each year. This is projected to increase to 2 times per minute by 2030 and 4 times per minute by 2050, with potential environmental impacts. Growing awareness of the environmental damage caused by polymers has led plastic manufacturers to develop recyclable products. 

Initiatives taken by the manufacturers and end-users regarding the recycling of plastic products include?product packages and efforts to expand all existing recycling processes,??innovative mobile near-infrared spectroscopy solutions for sorting and identifying different types of plastic waste, and chemical recycling.?Increasing efforts by companies in the?market to recycle plastic-based products will boost?market growth during the forecast period.? 

Major Market Challenge

The stringent regulations over the usage of plastics?are challenging?the market growth. Plastic pollution is one of the major environmental problems of the 21st century, causing widespread damage to ecosystems and human health. Also, the majority of manufactured?plastics are?derived from fossil fuels, contributing to climate change and, in turn, having a negative impact on the climate.?Various governments around the world have implemented various regulations on the use of plastics to reduce the impact of climate change. In the United States, the Food and Drug Administration (FDA) regulates the safety of packaging that comes into contact with food. Many are used in food packaging, such as polystyrene and polyethylene. The FDA has a strict approval process?for plastics?used in food contact packaging. The US FDA must approve these packaging materials before placing them on the market and consider them safe for use. 
 
The European Union's?single?use?plastics?directive (SUPD)?has also been implemented recently. The law aims to reduce plastic pollution and reduce plastic runoff in order to reduce its impact on the environment and human health. Certain single-use plastic items such as cotton swabs, cutlery (forks, knives, spoons, and chopsticks), plates, straws, stirrers, balloon sticks, oxo-degradable plastics,?and food?containers and cups made from expanded polystyrene (EPS) are banned in the United States.?The directive also requires manufacturers to use 25% recycled content in PET beverage bottles by 2025 and 30% recycled content in all plastic beverage bottles by 2030. To promote recyclability, recycling, and reuse, plastic packaging will be increasingly regulated by local regulations and taxes through?the SUPP?and Packaging and Packaging Waste Directive (PPWD) during the forecast period.?Due?to stringent?regulations imposed by governments around the world, the demand for these plastics in the?market is expected to decline during the forecast period.? 

Key Customer Landscape

This market report and analysis includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Commodity Plastics Market Customer Landscape

Who are the key players in the Commodity Plastics market?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

BASF SE: The company provides different types of commodity plastics for footwear, automotive, and electronic applications. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Braskem SA
  • Chevron Corp.
  • Covestro AG
  • Dow Inc.
  • Eastman Chemical Co.
  • Exxon Mobil Corp.
  • Formosa Plastics Group
  • Hanwha Corp.
  • INEOS Group Holdings SA
  • LG Chem Ltd.
  • Lotte Chemical Corp.
  • LyondellBasell Industries NV
  • Mitsubishi Chemical Corp.
  • OMV Aktiengesellschaft
  • PTT Global Chemical Public Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The market share growth by the polyethylene (PE) segment will be significant during the forecast period. Polyethylene (PE) is a lightweight, durable thermoplastic with a variable crystal structure. It is one of the most commonly manufactured plastics in the world. Polyethylene packaging refers to the technology of packaging or enclosing products to protect them from the external environment for the purpose of storage, distribution, and sale. Generally, packaging materials such as high-density polyethylene (HDPE) and low-density polyethylene (LDPE) is used on regular basis. 

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The polyethylene (PE) segment?was valued at?USD 104.41?billion?in 2017 and continued to grow until 2021.?Polyethylene packaging refers to the technology of packaging or enclosing products to protect them from the external environment for the purpose of storage, distribution, and sale. Polyethylene packaging uses packaging materials such as HDPE, LDPE, and Linear?Low-Density?Polyethylene (LLDPE). Polyethylene is a product chemically?synthesized from?ethylene and is widely used in the production of plastics. Products based on polyethylene are easy to mold and are widely used for applications such as plastic sheets and plastic bags. Demand and consumption of packaging materials are increasing, which is leading to the growth of the polyethylene segment in the?market. 

What is the geographical distribution of the Commodity Plastics market?

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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in the?APAC region?is?growing rapidly. Emerging markets such as China and India are anticipated to be major revenue contributors to the?market in this region during?the forecast period. This is primarily due to the rapidly expanding e-commerce, fast-moving consumer packaged goods (FMCG), consumer electronics, and personal care end-use industries. Asia Pacific is a growing e-commerce industry, especially in countries such as China, India, and Japan. The growth of the e-commerce industry in APAC has been attributed to the growing population of the region, increasing the overall demand for goods through online sales channels. The fastest growing e-commerce market in the Asia-Pacific region?is due to its huge customer base, increasing?number of?internet and smartphone users,?and rising?trend of online shopping within the country. Packaging is a very important aspect of e-commerce, as products are easily damaged during transportation. Also, the rise of counterfeit goods in the e-commerce industry in countries such as China and India has increased the demand for its for packaging.? ? 

Research Analyst Overview

In the realm of commodity plastics, development remains pivotal, catering to diverse industries like clothing and construction industry. They offer a range of beneficial properties, including versatility and affordability, making them indispensable in various sectors. The cost factor plays a significant role in their widespread adoption, as they provide an optimal balance between performance and price. Moreover, their durability ensures longevity, making them ideal for applications in appliances, furniture, and the construction industry. With increasing investments in infrastructure and agriculture, the demand for these continues to surge. Resins like engineering plastics are widely used in manufacturing, contributing to the global antimicrobial plastic market. Additionally, commodity trading and fluctuations in commodity prices influence the dynamics of this market.

Segment Overview

This market growth and trends report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product  Outlook (USD Million, 2017 - 2027)
    • Polyethylene (PE)
    • Polypropylene (PP) 
    • Polyvinyl chloride (PVC)
    • Polyethylene terephthalate (PET)
    • Polyethylene terephthalate (PS) 
  • Application Outlook (USD Million, 2017 - 2027)
    • Packaging 
    • Consumer goods
    • Electronics
    • Automotive 
    • Others 
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Commodity Plastics Market Scope

Report Coverage

Details

Page number

175

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.11%

Market growth 2023-2027

USD159.09 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.82

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, Germany, France, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

BASF SE, Braskem SA, Chevron Corp., Covestro AG, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., Group, Hanwha Corp., INEOS Group Holdings SA, LG Chem Ltd., Lotte Chemical Corp., LyondellBasell Industries NV, Mitsubishi Chemical Corp., OMV Aktiengesellschaft, PTT Global Chemical Public Co. Ltd., Reliance Industries Ltd., Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., and TotalEnergies SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market Growth Analysis across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of they key market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global commodity plastics market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global commodity plastics market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Polyethylene (PE) - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Polyethylene (PE) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Polyethylene (PE) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Polyethylene (PE) - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Polyethylene (PE) - Year-over-year growth 2022-2027 (%)
    • 6.4 Polypropylene (PP) - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Polypropylene (PP) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Polypropylene (PP) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Polypropylene (PP) - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Polypropylene (PP) - Year-over-year growth 2022-2027 (%)
    • 6.5 Polyvinyl chloride (PVC) - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Polyvinyl chloride (PVC) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Polyvinyl chloride (PVC) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Polyvinyl chloride (PVC) - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Polyvinyl chloride (PVC) - Year-over-year growth 2022-2027 (%)
    • 6.6 Polyethylene terephthalate (PET) - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Polyethylene terephthalate (PET) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Polyethylene terephthalate (PET) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Polyethylene terephthalate (PET) - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Polyethylene terephthalate (PET) - Year-over-year growth 2022-2027 (%)
    • 6.7 Polyethylene terephthalate (PS) - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Polyethylene terephthalate (PS) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Polyethylene terephthalate (PS) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Polyethylene terephthalate (PS) - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Polyethylene terephthalate (PS) - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 56: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 58: Chart on Comparison by Application
      • Exhibit 59: Data Table on Comparison by Application
    • 7.3 Packaging - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Packaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Packaging - Year-over-year growth 2022-2027 (%)
    • 7.4 Consumer goods - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
    • 7.5 Electronics - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Electronics - Year-over-year growth 2022-2027 (%)
    • 7.6 Automotive - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 76: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 79: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 80: Market opportunity by Application ($ billion)
      • Exhibit 81: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 84: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 119: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 120: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 121: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 123: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 124: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 125: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 126: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ billion)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 12.3 BASF SE
              • Exhibit 135: BASF SE - Overview
              • Exhibit 136: BASF SE - Business segments
              • Exhibit 137: BASF SE - Key news
              • Exhibit 138: BASF SE - Key offerings
              • Exhibit 139: BASF SE - Segment focus
            • 12.4 Braskem SA
              • Exhibit 140: Braskem SA - Overview
              • Exhibit 141: Braskem SA - Business segments
              • Exhibit 142: Braskem SA - Key offerings
              • Exhibit 143: Braskem SA - Segment focus
            • 12.5 Chevron Corp.
              • Exhibit 144: Chevron Corp. - Overview
              • Exhibit 145: Chevron Corp. - Business segments
              • Exhibit 146: Chevron Corp. - Key news
              • Exhibit 147: Chevron Corp. - Key offerings
              • Exhibit 148: Chevron Corp. - Segment focus
            • 12.6 Dow Inc.
              • Exhibit 149: Dow Inc. - Overview
              • Exhibit 150: Dow Inc. - Business segments
              • Exhibit 151: Dow Inc. - Key news
              • Exhibit 152: Dow Inc. - Key offerings
              • Exhibit 153: Dow Inc. - Segment focus
            • 12.7 Eastman Chemical Co.
              • Exhibit 154: Eastman Chemical Co. - Overview
              • Exhibit 155: Eastman Chemical Co. - Business segments
              • Exhibit 156: Eastman Chemical Co. - Key offerings
              • Exhibit 157: Eastman Chemical Co. - Segment focus
            • 12.8 Exxon Mobil Corp.
              • Exhibit 158: Exxon Mobil Corp. - Overview
              • Exhibit 159: Exxon Mobil Corp. - Business segments
              • Exhibit 160: Exxon Mobil Corp. - Key offerings
              • Exhibit 161: Exxon Mobil Corp. - Segment focus
            • 12.9 Formosa Plastics Group
              • Exhibit 162: Formosa Plastics Group - Overview
              • Exhibit 163: Formosa Plastics Group - Product / Service
              • Exhibit 164: Formosa Plastics Group - Key offerings
            • 12.10 INEOS Group Holdings SA
              • Exhibit 165: INEOS Group Holdings SA - Overview
              • Exhibit 166: INEOS Group Holdings SA - Business segments
              • Exhibit 167: INEOS Group Holdings SA - Key news
              • Exhibit 168: INEOS Group Holdings SA - Key offerings
              • Exhibit 169: INEOS Group Holdings SA - Segment focus
            • 12.11 LG Chem Ltd.
              • Exhibit 170: LG Chem Ltd. - Overview
              • Exhibit 171: LG Chem Ltd. - Business segments
              • Exhibit 172: LG Chem Ltd. - Key news
              • Exhibit 173: LG Chem Ltd. - Key offerings
              • Exhibit 174: LG Chem Ltd. - Segment focus
            • 12.12 Lotte Chemical Corp.
              • Exhibit 175: Lotte Chemical Corp. - Overview
              • Exhibit 176: Lotte Chemical Corp. - Business segments
              • Exhibit 177: Lotte Chemical Corp. - Key offerings
              • Exhibit 178: Lotte Chemical Corp. - Segment focus
            • 12.13 LyondellBasell Industries NV
              • Exhibit 179: LyondellBasell Industries NV - Overview
              • Exhibit 180: LyondellBasell Industries NV - Business segments
              • Exhibit 181: LyondellBasell Industries NV - Key offerings
              • Exhibit 182: LyondellBasell Industries NV - Segment focus
            • 12.14 Mitsubishi Chemical Corp.
              • Exhibit 183: Mitsubishi Chemical Corp. - Overview
              • Exhibit 184: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 185: Mitsubishi Chemical Corp. - Key news
              • Exhibit 186: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 187: Mitsubishi Chemical Corp. - Segment focus
            • 12.15 Reliance Industries Ltd.
              • Exhibit 188: Reliance Industries Ltd. - Overview
              • Exhibit 189: Reliance Industries Ltd. - Business segments
              • Exhibit 190: Reliance Industries Ltd. - Key news
              • Exhibit 191: Reliance Industries Ltd. - Key offerings
              • Exhibit 192: Reliance Industries Ltd. - Segment focus
            • 12.16 Saudi Basic Industries Corp.
              • Exhibit 193: Saudi Basic Industries Corp. - Overview
              • Exhibit 194: Saudi Basic Industries Corp. - Business segments
              • Exhibit 195: Saudi Basic Industries Corp. - Key offerings
              • Exhibit 196: Saudi Basic Industries Corp. - Segment focus
            • 12.17 TotalEnergies SE
              • Exhibit 197: TotalEnergies SE - Overview
              • Exhibit 198: TotalEnergies SE - Business segments
              • Exhibit 199: TotalEnergies SE - Key news
              • Exhibit 200: TotalEnergies SE - Key offerings
              • Exhibit 201: TotalEnergies SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 202: Inclusions checklist
                • Exhibit 203: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 204: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 205: Research methodology
                • Exhibit 206: Validation techniques employed for market sizing
                • Exhibit 207: Information sources
              • 13.5 List of abbreviations
                • Exhibit 208: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                commodity plastics market

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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