Commodity Plastics Market - Top Companies and Manufacturers

Companies Dominating the Commodity Plastics Landscape

Competition in the commodity plastics market is intense, with significant competitors using new product lines, collaborations, and investments to grow. These major firms invest in R&D to develop new and improved products that meet consumer needs. To stay competitive, companies prioritize technical advancements and sustainable packaging solutions to meet the growing demand for eco-friendly products.

LG Chem
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The Dow Chemical Company
Exxon Mobil Corporation
Chevron Phillips Chemical Company, LLC
BASF SE
DuPont
LyondellBasell Industries Holdings B.V.
Borealis AG
Braskem
Eni S.p.A
Formosa Plastics Corporation

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Commodity Plastics Market Size, Forecasts Report 2036

In the News

On May 16, 2024, Dow and Freepoint Eco-Systems Supply & Trading LLC entered into an partnership for the supply of approximately 65,000 metric tonnes per year of certified-circular, plastic waste-derived pyrolysis oil. This oil will be used by Dow at their U.S. Gulf Coast plants to create new polymers that are of the same quality as virgin-grade plastics. Dow and Freepoint Eco-Systems are collaborating to develop a recycling system that transforms plastic trash into valuable commodities, thereby promoting a circular economy for plastics in North America.
On March 20, 2024, LG Chem declared its intention to showcase environmental friendly plastic materials derived from carbon dioxide at Cosmoprof Bologna 2024, Italy, with the aim of attracting clients. LG Chem will showcase cosmetic containers created from 'Poly Ethylene Carbonate (PEC),' a cutting-edge substance derived from carbon dioxide, in partnership with its eco-conscious collaborator, COSMAX, at the EcoZone.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of commodity plastics was USD 490.6 billion.

The market size for commodity plastics is projected to cross USD 698.5 billion by the end of 2036 expanding at a CAGR of 3.5% during the forecast period i.e., between 2024-2036.

The major players in the market are The Dow Chemical Company, Exxon Mobil Corporation, Chevron Phillips Chemical Company, LLC, BASF SE, DuPont, LyondellBasell Industries Holdings B.V., Borealis AG, Braskem, Eni S.p.A, and others.

The packaging segment is anticipated to garner a share of 49% during 2024-2036.

The APAC commodity plastics sector is poised to hold a 50.2% share by the end of 2036.

Commodity Plastics Market - Top Companies and Manufacturers

Companies Dominating the Commodity Plastics Landscape

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In the News

Frequently Asked Questions (FAQ)

How big is the commodity plastics industry?

What is the outlook for the commodity plastics market?

Who are the major players dominating the commodity plastics landscape?

Which segment will capture the significant market share for the commodity plastics market by 2036?

Which region will provide more opportunities for the commodity plastics business in the near future?