Segmentation: Global Commodity Plastics Market

The Commodity plastic market is segmented into three notable segments such as Product type, Application and Geography

On the basis of product type, the market is segmented into polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), polymethyl methacrylate (PMMA), and others. Polyethylene is further sub-segmented into HDPE, LDPE, LLDPE, UHMW, and polyethylene terephthalate (PET). Polyvinyl chloride (PVC) is further segmented into rigid PVC and flexible PVC. Polypropylene (PP) is further segmented into polypropylene homo-polymers (PPH) and polypropylene co-polymers (PPC).
In May 2018, Formosa Plastics Corporation announced the expansion of its Texas based production facility with the addition of a new processing plant. The new plant will use UNIPOL PE technology and is capable of producing both HDPE and LLDPE with a combined capacity of 400,000 Tons per year.

Competitive Analysis: Global Commodity Plastics Market

Some of the prominent participants operating in this market are Exxon Mobil, Sinopec Corporation, Chevron Phillips Chemical Company, Basf SE, DowDuPont, Lyondellbasell Industries Holdings B.V., Borealis AG, Braskem, Eni S.P.A, Formosa Plastics Corporation, Gas Authority of India Limited(GAIL), Hanwha Co. Ltd, Indian Oil Corporation, Ineos, LG Chem, Ltd., Lotte Chemical, Mitsubishi Chemical Corporation, Nova Chemicals Corporation, PTT Global Chemical Public Company Limited, Qatar Petroleum, Qenos Pty Ltd, Reliance Industries Limited, Sabic, Sumitomo Chemical Company Limited, Westlake Chemical Corporation among others.

Recent Developments:

In October 2018, Braskem announced the supply of green plastics for Rio de Janeiro brand Cafe Favorito. This green plastics is considered as first polyethylene obtained from renewable origin. The renewable resin is produced from sugarcane and is 100% recyclable resin, which will be used for the manufacturing of coffee pillow packs of 500g capacity.

In October 2018, the company announced to expand its product portfolio for polyethylene (PE) and polypropylene (PP), under the brand name Borealis Bormed PL8830-PH for the healthcare industry portfolio.


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