Plastic Material And Resins Global Market Report 2018

Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3189 | Format :

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. Some examples of resins include frankincense, myrrh and benzoin. 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. Some examples of plastic materials include polyethylene terephthalate and polyvinyl chlorides.

Asia Pacific was the largest region in the plastic material and resins market in 2017, accounting for 38% market share. North America was the second largest region accounting for 26% market share. Africa was the lowest region accounting for 3% market share.

The world population is increasingly becoming aware about the adverse impact of plastic materials on the environment. This has led to a rapid increase in demand for eco-friendly plastics: bioplastics that are manufactured from polymer resins derived from plants and plastics that can be decomposed with the help of bacteria. For instance, global bio plastics production capacity is estimated to be around 6.2 million tons in 2017  and the global market for bio plastics and biopolymers is expected to be around $5.0 billion in 2021,  thus indicating high demand for ecofriendly plastic products.

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