Thermoplastics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The thermoplastics market is expected to register a CAGR greater than 6% during the forecast period.
The COVID-19 outbreak caused worldwide lockdown, disruption in manufacturing activity and supply networks, and production halts, all of which harmed the market in 2020. However, conditions began to improve in 2021, resuming the market's growth trajectory throughout the projection period.
Key HighlightsThe thermoplastics market is fragmented, with few players holding the major share in the market. Key players in the thermoplastics market (not in any particular order) include BASF SE, Evonik Industries AG, Solvay, SABIC, and Arkema.
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