The Plastics And Rubber Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plastics And Rubber Products Global Market Report 2024, The plastics and rubber products market size has grown strongly in recent years. It will grow from $1460.18 billion in 2023 to $1566.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrialization and manufacturing growth, automotive industry expansion, consumer goods manufacturing, medical and healthcare sector growth, packaging industry evolution.
The plastics and rubber products market size is expected to see strong growth in the next few years. It will grow to $2048.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to electric vehicles and lightweighting, circular economy initiatives, resilience in supply chain management, regulatory compliance and certification, expansion of aerospace applications. Major trends in the forecast period include advanced recycling technologies, bio-based polymers, high-performance rubber compounds, antimicrobial plastics and rubber, 3d printing with polymers and rubbers.
Increasing demand for tires from the automotive industry is driving the plastics and rubber products market. A tire is a circular, usually rubber-coated, and frequently strengthened component encircling a wheel's rim. Rubber is a key material used in automotive tires due to its unique properties that provide traction, absorb shocks, and support vehicle weight. For instance, in February 2023, according to the U.S. Tire Manufacturers Association (USTMA), a US-based trade association representing tire manufacturers, total tire shipments in the U.S. are expected to reach 334.2 million units in 2023, representing a increase from 332.0 million units in 2021 and 332.7 million units in 2022. Therefore, increasing demand for tires from the automotive industry will propel the growth of the plastics and rubber products market.
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The plastics and rubber products market covered in this report is segmented –
1) By Type: Rubber Products, Plastic Products
2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users
Subsegments Covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product
Major companies operating in the plastics and rubber products market are focused on developing innovative products, such as E2C DX9660, to increase the profitability in the market. E2C DX9660 is an Engineered Elastomer Composite (E2C) solution that provides a 30% increase in abrasion resistance compared to a conventional compound. For instance, in February 2023, Cabot Corporation, a US-based chemicals company, launched a new product called E2C DX9660. The new product has been engineered to provide significantly enhanced rubber durability by offering excellent resistance to abrasion. This addition expands Cabot's range of E2C solutions for use across various applications, including on-road commercial tires and industrial rubber products.
The plastics and rubber products market report table of contents includes:
1. Executive Summary
2.Plastics And Rubber Products Market Characteristics
3.Plastics And Rubber Products Market Trends And Strategies
4.Plastics And Rubber Products market analysis
5. Plastics And Rubber Products Market Size And Growth
6.Plastics And Rubber Products Segmentation
7.Plastics And Rubber Products Regional And Country Analysis
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27.Plastics And Rubber Products Competitive Landscape And Company Profiles
28.Plastics And Rubber Products Key Mergers And Acquisitions
29.Plastics And Rubber Products Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Exxon Mobil Corporation
- BASF SE
- The Dow Chemical Company
- SABIC (Saudi Basic Industries Corporation)
- LyondellBasell Industries N.V
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Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Plastics And Rubber Products Global Market Report 2020-30 by The Business Research Company describes and explains the global plastics and rubber products market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Plastics And Rubber Products Global Market Report 2021 covers plastics and rubber products market drivers, plastics and rubber products market trends, plastics and rubber products market segments, plastics and rubber products market growth rate, plastics and rubber products market major players, and plastics and rubber products market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report-2020-30-covid-19-impact-and-recoveryThe plastics and rubber products market report provides an in-depth analysis of the impact of COVID-19 on the global plastics and rubber products industry, along with revised market numbers due to the effects of the coronavirus and the expected plastics and rubber products market growth numbers 2021-2030.Plastics And Rubber Products Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2993=smpThe global plastics and rubber products market is expected to grow from $1.25 trillion in 2020 to $1.35 trillion in 2021 at a compound annual growth rate (CAGR) of 7.%.
The market is expected to reach $1.70 trillion in 2025 at a CAGR of 6%.The report covers the plastics and rubber products market’s segments-1) By Type: Rubber Products, Plastic Products.2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others.Subsegments Covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The Business Research Company’s latest report Plastics And Rubber Products Global Market Report 2020 covers Plastics And Rubber Products market drivers, Plastics And Rubber Products market trends, Plastics And Rubber Products market segments, Plastics And Rubber Products market growth rate, Plastics And Rubber Products market major players, and Plastics And Rubber Products market size.
The report provides in-depth analysis of the impact of COVID-19 on the Plastics And Rubber Products industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report-2020-30-covid-19-impact-and-recovery Plastics And Rubber Products Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2993=smpThe global plastics and rubber products market is expected to decline from $1378.6 billion in 2019 to $1345.4 billion in 2020 at a compound annual growth rate (CAGR) of -2.5%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The Business Research Company published its Plastics And Rubber Products Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Plastics And Rubber Products market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Plastics And Rubber Products market’s segments-1) By Type: Rubber Products, Plastic Products2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Others.Subsegments covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Product, Other Plastics Product.View Complete Report:https://www.thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report-2020-30-covid-19-impact-and-recoveryPlastics And Rubber Products Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global plastics and rubber products market is expected to decline from $1378.6 billion in 2019 to $1345.4 billion in 2020 at a compound annual growth rate (CAGR) of -2.5%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1633.9 billion in 2023.Many plastic and rubber manufacturing companies are adopting 3D technology to design and develop new plastic and rubber products.
