The global plastic market growth has increased by plastic consumption in the consumer sector, construction, automotive and electrical & electronics.
The global plastic market growth has increased by plastic consumption in the consumer sector, construction, automotive and electrical & electronics. APAC is the fastest growing region in the plastic market as it has become the manufacturing hub of the world.
Plastics materials are extremely flexible and are perfect for an extensive variety of industrial and consumer applications. Generally, most of the plastics have low density, which gives the plastic items the upsides of lightweight. Most plastics usually have excellent electrical and thermal protection properties; few plastics are produced to power electricity as and when required. Moreover, it has corrosion resistant properties to numerous substances, which affect different materials that make them solid and appropriate for use in harsh conditions. Some plastics are transparent, which enables companies to make optical devices. They can also be formed into complex shapes, enabling different materials to be incorporated into plastic items and making them perfect for an extensive variety of functions. There are various types of plastics such as Polyethylene terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS), Polycarbonate (PC), Nylon and many more.