UK Thermoplastics Market Size, Competitive Analysis, Share, Forecast- 2020-2026Posted by preeti pandey on November 11th, 2020 UK thermoplastics market is expected to project a considerable CAGR during the forecast period. The UK is significantly working in the field of material and additive manufacturing, food & beverages, pharmaceutical, and cosmetics among others. A wide range of reprocessing technologies and equipment are being examined due to cohesive government regulations. Cohesive government regulations are also acting in the country. In April 2018, a new initiative, named Plastics Pact was launched in the country to reduce single-use plastic packaging by 2025. It was launched by the Waste and Resources Action Programme (WRAP) and the Ellen MacArthur Foundation. The collaboration aims to improve the plastic supply chain and its waste usage. Get Free Sample Copy @https://www.omrglobal.com/request-sample/uk-thermoplastics-market The UK 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/uk-thermoplastics-market Furthermore, some of the key players in the market include BASF SE, Saudi Basic Industries Corp. (SABIC), INEOS AG, Solvay SA, and Koniklinkje DSM N.V. 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, INEOS Enterprises acquired the overall composites business from Ashland Global Holdings Inc. This acquisition also comprises a BDO facility in Germany. The BDO facility manufactures key intermediates for high-performance polyesters and polyurethanes and will be run by the INEOS Solvents business. This acquisition will offer a new opportunity for INEOS to further extend its composites market. Market Segmentation UK Thermoplastics Market by Type
UK Thermoplastics Market by Application
Company Profiles Arkema Group
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