•  PVC

48 million tons is the yearly global use of PVC (Polyvinyl chloride) with growing demand. The reason is that PVC is one of the commonly used polymers, and it is used for many applications such as pipes, health care items, electrical wires.

The PVC market is expected to register a CAGR of over 4% for the forecast (2022-2027)

• LDPE & LLDPE

LDPE (Low-Density Polyethylene) and LLDPE (Linear Low-Density Polyethylene) are widely used because of chemical and mechanical resistance properties. Their grades can even be used for medical applications and food contact.

The LDPE market is expected to register a CAGR of over 3% during the forecast period (2022-2027).

The LLDPE market will witness a CAGR of 5.60% for the forecast  (2021-2028).

• PP (PPCP, PPHP)

PP (Polypropylene), PPCP (Co-polymer), PPHP (Homo-Polymer) are lightweight semi-crystalline materials with a wide range of properties by adding fillers and additives.

The global polypropylene (PP) market is projected to register at a CAGR of 5.2% for the forecast period (2021-2028).

GAP Polymers – Plastic Raw Materials Distribution

• PET

PET (Polyethylene terephthalate) material is strong, clear as glass bottles, has good chemical resistance, and is low cost. It is suitable for many industries such as packaging.

The global PET market is expected to reach $38,014 by 2023 at a CAGR of 6.9% from 2017 to 2023.

• HDPE

HDPE (High Density Polyethylene) is used widely in various applications such as shampoo bottles, water bottles, piping, and cutting boards.

According to STATISTA, global HDPE production is projected to reach 53.62 million metric tons by 2025.

• PS (HIPS, GPPS)

PS (Polystyrene) is a thermoplastic material. Choosing between HIPS (High-Impact Polystyrene) and GPPS depends on the application. Each type of them has different properties.

The global PS market is projected to register at a CAGR of 4.6% for the forecast period (2021-2028).

• Engineering plastics (PC, ABS, TPO) 

Engineering plastics have special thermal and mechanical properties than other commodity plastics such as Polystyrene and Polyethylene.

The engineering plastics market is projected to register at a CAGR of more than 6% for the forecast period (2022-2027).