Germany plastics market is projected to grow at a CAGR of 4.1%, during the forecast period. Germany is the largest economy in Europe and the 4th largest economy globally. In 2016, the country had the highest demand for plastic in Europe with 25% of 50 million tons. It is also the most preferred FDI destination for plastic industries in Europe; as out of 768 projects projected related to plastic in Europe during 2012-2017, 20% were of Germany. Several large companies related to plastic and chemicals have headquarters in Germany including BASF and Evonik Industries.
The German 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.
Furthermore, some of the key players in the market include BASF SE, INEOS AG, Cleanse Corp., Braskem SA, Evonik Industries AG, and MBA Ploymers Inc. These companies are using several strategies to expand market share and gain a competitive advantage over their competitors. The strategies include new product launches, mergers and acquisitions, partnerships, and collaborations.
To Request a Sample of our Report on Germany Plastics Market: https://www.omrglobal.com/request-sample/germany-plastics-market
Germany 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 Germany Plastics Market is Available @ https://www.omrglobal.com/industry-reports/germany-plastics-market
Company Profiles
- Arkema Group
- Overview
- Arkema group in Plastics Landscape
- Recent Developments
- Braskem S.A.
- BASF SE
- Celanese Corp.
- Evonik Industries AG
- INEOS AG
- Koninklijke DSM N.V.
- LANXESS AG
- MBA Polymers, Inc.
- Saudi Basic Industries Corp. (SABIC)
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- 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
