The US electric vehicle plastics market is projected to grow at a significant CAGR during the forecast period. The rising trend towards the lightweight electric vehicle in the country further raises the demand for plastics use for electric vehicles. Cohesive government regulations are also expected to drive the demand for electric vehicles thus the EV […]
Category Archives: Plastic & Polymer
US SBR market is expected to have a significant CAGR during the forecast period. The country is one of the major consumers of SBR and products manufactured by it, which is a major factor for augmenting the market. Major application of SBR includes vehicle component manufacturing, tiers manufacturing, footwear and so on. A significant application […]
North American SBR market is expected to show a significant CAGR during the forecast period. Increasing the application of SBR is expected to fuel the market growth in the region. SBR finds various applications in different industry verticals including automotive, footwear, manufacturing, and others. However, the unstable crude price at the international market is one […]
The global market for electric vehicle plastics is projected to have considerable CAGR of around 27.5% during the forecast period. The growing inclination towards lightweight vehicle further projected to grow the electric vehicle plastics market. Lightweight materials play an essential role in the electric vehicle industry. The use of these materials is likely to increase […]
The global polyolefin market is anticipated to grow at a substantial CAGR of 8.9% during the forecast period (2022-2028). The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. In August 2020, Repsol […]
European Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.3% during the forecast period. Europe is one of the significant markets in the global PLA market. Owing to its well-established automotive industry, the demand for PLA polymers has increased in a considerable amount. PLA polymers are a renewable, economic and […]
China Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 18.0% during the forecast period. Growing chemical and petroleum industry is primarily strengthening market growth in the country. According to the China Petroleum and Chemical Industry Federation (CPCIF), China’s petroleum and chemical industry generated a revenue of trillion in 2017. The […]
Asia-Pacific Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 18.8% during the forecast period. There are numerous factors which are driving the growth of the PLA market in the region. This includes significant automobile production in the region and growing food processing packaging industry. The plastic market is rapidly expanding […]
The US PBS market is estimated to grow at a CAGR of over 9.7% during the forecast period. The US is one of the major markets for PBS. Higher per capita economy, high usage of consumer electronics, automotive, plastic and packaging are the major factors for a significant market share in the region. Due to […]
The UK PBS market is estimated to grow at a CAGR of over 9% during the forecast period. UK is the 3rd largest developed economy in Europe after Germany & France and contributes significantly to the growth of the PBS market. The country has an established plastic industry which is a key contributor to the […]