Resins are organic compounds consisting of a non-crystalline or
viscous liquid substance. Natural resins are typically fusible and flammable
organic substances that are transparent or translucent and are yellowish to
brown in color. Plastic is a material consisting of any of a wide range of
synthetic or semi-synthetic organics that are malleable and can be molded into
solid objects of diverse shapes. Due to their relatively low cost, ease of
manufacture, versatility, and rigidity to water, plastics are used in an
enormous and expanding range of products, from paper clips to spaceships.
Read more:
https://www.thebusinessresearchcompany.com/report/plastic-material-and-resins-global-market-report-2018
The global
plastic materials and resins market has shown
moderate growth in the past years with a CAGR of just around 3%. The year 2017
recorded highest ever market value in this industry as per TBRC’s inhouse
consultants.
TBRC’s latest
report show the historic and future trends in the market for each year with
sourced reasons to support the growth claims.
The report also shows
the plastic materials and resins market to
grow at almost double CAGR by 2021 as compared to 2017, along with geographies
best suited for investments with highest return rate.
Sample report:
The demand for industrial packaging products has increased
recently. As the size of the middle-class grew in these countries, consumption
of processed foods, poultry, meat and agricultural products increased.
According to the World Bank, China’s Gross Domestic Product (GDP) per capita
increased from $7500 in 2014 to $8000 in 2015. Increased per-capita income in
these economies resulted in the emerging middle-class purchasing more packaged
goods and services. The demand for packaged goods increased the consumption of
plastic and paper for their packaging.
TBRC’s latest report will cover in depth
understanding and calculated impacts of each market factor on a global as well
as regional level, to analyze the best investment strategy for this market.
Companies
included in the report are LyondellBasell, Dow Chemical, BASF SE, Bayer Material
Science, and Formosa Plastics Group.
About The
Business Research Company.
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Business Research Company is a Business Intelligence Company which excels in
company, market and consumer research. It has offices in the UK, the US and
India and a network of trained researchers in 15 countries globally.
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