Asia-Pacific Plastics Market 2023 Driving Factors Forecast Research 2029

Asia-Pacific plastics market is projected to grow a CAGR of 3.6%, during the forecast period. The rising demand for plastics in packaging, automotive, consumer electronics, among other domains, are offering growth to the plastics market in the region. There is an increasing application of flexible plastic packaging in pharmaceutical, food & beverage, and personal care products across the Asia-Pacific economies such as China and India.

Asia-Pacific plastics market is segmented based on type and application. Based on type, the market is broadly categorized into thermoplastics and thermoset plastics. The thermoplastic plastic segment includes the analysis of polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. The thermosetting plastics include polyurethane (PUR), epoxy resins, phenolic resins, acrylic resins, and others such as unsaturated polyester, melamine resins, and vinyl ester resins. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others. The packaging is the major application of plastics and is estimated to contribute a significant share to the market.

Geographically, the Asia-Pacific plastics market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China contributed a major share in the Asia-Pacific plastics market and is estimated to retain its position during the forecast period. China contributes over 55% of the Asia-Pacific plastics market and is exhibiting a CAGR of 3.7% during the forecast period. China is the largest producer and consumer of plastics, backed by the largest automotive manufacturing industry, and the electronics industry across the globe.

To Request a Sample of our Report on Asia-Pacific Plastics Market:  https://www.omrglobal.com/request-sample/asia-pacific-plastics-market

Asia-Pacific Plastics Market Segmentation

By Type

  • Thermoplastics
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinylchloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Others
  • Thermosets
  • Polyurethane (PUR)
  • Epoxy Resins
  • Phenolic Resins
  • Acrylic Resins
  • Others

By Application

  • Packaging
  • Building & Construction
  • Automotive
  • Electrical & Electronics
  • Household, Leisure & Sports
  • Agriculture
  • Others

A full Report of Asia-Pacific Plastics Market is Available @  https://www.omrglobal.com/industry-reports/asia-pacific-plastics-market

Regional Analysis

  • China
  • India
  • Japan

Rest of Asia-Pacific

Company Profiles

  • Asahi Kasei Corp.
  • Overview
  • Asahi Kasei Corp. in Plastics Landscape
  • Recent Developments
  • Borouge PTE Ltd.
  • CHIMEI Corp.
  • Formosa Plastics Corp.
  • Hanwha Group
  • Jam Petrochemical Co.
  • JSR Corp.
  • Kuraray Co., Ltd.
  • LANXESS AG
  • LOTTE Chemical Corp.
  • Mitsubishi Chemical Corp.
  • Mitsui Chemicals, Inc.
  • Reliance Industries Ltd.
  • hin-Etsu Chemical Co., Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Teijin Ltd.
  • Toray Group

Reasons to buy from us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404