China's plastics market will see a considerable growth of 3.7% during the forecast period. China is the largest producer of automotive and electronics across the globe. As per the Observatory of Economic Complexity (OEC), in 2018, vehicle parts were ranked the sixth position, in the most traded products from China across the globe, with a total trade of $396 billion.
Browse the full report description China Plastics Market Size, Share & Trends Analysis Report by Type (Thermosets and Thermoplastics) and by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Household, Leisure & Sports, Agriculture, and Others), Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/china-plastics-market
In 2018, the top exporters of vehicle parts were Germany ($68.1 billion), Japan ($36.3 billion), China ($34.2 billion), Mexico ($30.1 billion), and the US ($ 27 billion). In China, vehicle manufacturing is a mix of production by joint ventures and domestic production, with 44.0% solely by domestic firms and 56.0% of vehicles produced by joint ventures. Therefore, the demand for plastics across the manufacturing of such a large sum of automotive drives the growth of the plastics industry in the country.
Moreover, China has a major contribution to the global electronics sector, as it is the country's most popular export category. China exports many electronic components across the globe, that are used in televisions and smartphones. All the major electronic components, including LED chips, printed circuit boards, memory, mobile displays, capacitors, and open-cell TV panels, are imported from China.
Globally, the demand for consumer electronic products is one of the major aspects of the increasing exports from the country. Therefore, the significant manufacturing base of electrical and electronics is one of the major factors contributing to the adoption of plastics in the country.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Material and By Application |
|
Key Companies Profiled |
Asahi Kasei Corp.,
Hanwha Group, Sumitomo Chemical Co., Ltd., Jam Petrochemicals Co., Toray Group,
and Showa Denko K.K. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
China Plastics Market – Segmentation
By Type
o Polyethylene (PE)
o Polypropylene (PP)
o Polystyrene (PS)
o Polyvinylchloride (PVC)
o Polyethylene Terephthalate (PET)
o Others
o Polyurethane (PUR)
o Epoxy Resins
o Phenolic Resins
o Acrylic Resins
o Others
By Application
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