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(EstateNewsWire.com, July 13, 2021 ) Plastic materials and resins companies are increasingly adopting automation and robotics technology to boost efficiency, productivity and responsiveness. Automation is a technique of operating and controlling a process by automatic means or technology by reducing human intervention. Factories are automated with collaborative robots, equipped with vision systems that can be easily trained to perform various tasks from design and development to logistics and control costs. These robots give more flexibility to the manufacturers at the time of production-line design change and provide ability to customize manufactured products.
The plastic materials and resins market consists of the sales of plastic materials and resins by entities (organizations, sole traders or partnerships) that manufacture plastic materials, resins, and non-vulcanizable thermoplastic elastomers, and mix and blend resins on a custom basis and/or manufacture non-customized synthetic resins.
Plastic Material And Resins Market Report Segments:
1) By Type: Polypropylene-Plastic Material And Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material And Resins, Other Plastic Material And Resins
2) By End-User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Others
Read More On The Global Plastic Material And Resins Market Report:
Plastic Material And Resins Market Size Forecast:
The global plastic material and resins market is expected to grow from $466.15 billion in 2020 to $562.07 billion in 2021 at a compound annual growth rate (CAGR) of 20.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $659.21 billion in 2025 at a CAGR of 4%.
Major Players in the Plastic Material And Resins Market:
- LyondellBasell Industries
- Dow Chemical Company
- BASF SE
- Bayer Material Science
- Total SA
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Plastic Material And Resins Market - Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from https://www.thebusinessresearchcompany.com/">The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, plastic material and resins market segments and geographies, plastic material and resins market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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