Asia-Pacific Thermoplastics Market Size, Competitive Analysis, Share, Forecast-Posted by preeti pandey on November 10th, 2020 The Asia-Pacific thermoplastics market is expected to project a considerable CAGR during the forecast period. In Asia-Pacific, there is a rising demand for plastics in packaging, automotive, consumer electronics, among other domains, owing to which, the thermoplastics market will rise at a considerable rate in Asia-Pacific. In addition, there is a growing trend toward innovative and cost-effective packaging materials in the country. Therefore, the industry players are moving with the changing trends in the packaging sector. The rising disposable income and growing urbanization are also boosting the growth of organized retail which led to the demand for innovative and attractive packaging concepts. Get Free Sample Copy @https://www.omrglobal.com/request-sample/asia-pacific-thermoplastics-market The Asia-Pacific thermoplastics market is segmented based on type and application. Based on type, the market is broadly categorized into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. 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 thermoplastics and is estimated to contribute a significant share to the market. Browse for Full Report Description@https://www.omrglobal.com/industry-reports/asia-pacific-thermoplastics-market Geographically, the Asia-Pacific thermoplastics market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China contributed the major share in the Asia-Pacific plastics market and is estimated to retain its position during the forecast period. China is the largest producer and consumer of thermoplastics, backed by the largest automotive manufacturing industry, and the electronics industry across the globe. India is estimated to project the fastest CAGR during the forecast period. Furthermore, some of the key players in the market include Mitsubishi Chemical Corp., Reliance Industries Ltd., Sumitomo Chemical Co., Ltd., JSR Corp., Kuraray Co. Ltd., and Toray Group. 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. For instance, in September 2019, JSR Corp. announced that it has developed a new styrene-butadiene copolymer rubber (SBR) for automotive tires. The new SBR features significantly improved mechanical strength, wear-resistance, and durability. Market Segmentation Asia-Pacific Thermoplastics Market by Type
Asia-PacificThermoplastics Market by Application
Regional Analysis
Company Profiles Asahi Kasei Corp.
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