China’s plastics market is projected to grow at a CAGR of 3.7%, during the forecast period. China is the largest producer and consumer of plastics, backed by the largest automotive manufacturing industry, and the electronics industry across the globe. Chinese auto parts industry has increased rapidly, fueled by the increasing presence of international automobile manufacturers in the country. Owing to the increase in the global demand, Chinese suppliers of automotive parts have started supplying their parts to the foreign markets.
China’s plastics market is segmented based on type and application. Based on type, the market is broadly categorized into thermoplastics and thermoset plastics. The thermoplastic plastic segment includes the analysis of polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. The thermosetting plastics include polyurethane (PUR), epoxy resins, phenolic resins, acrylic resins, and others such as unsaturated polyester, melamine resins, and vinyl ester resins. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others.
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China Plastics Market Segmentation
By Type
- Thermoplastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
- Thermosets
- Polyurethane (PUR)
- Epoxy Resins
- Phenolic Resins
- Acrylic Resins
- Others
By Application
- Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Household, Leisure & Sports
- Agriculture
- Others
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Company Profiles
- Asahi Kasei Corp.
- CHIMEI Corp.
- Formosa Plastics Corp.
- Hanwha Group
- HEXPOL AB
- Jam Petrochemical Co.
- Kingfa Sci & Tec Co.
- LOTTE Chemical Corp.
- Showa Denko K.K.
- Sumitomo Chemical Co., Ltd.
- Toray Group
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