Global market for industrial plastics to reach $11.1 billion by 2015

With a CAGR of 6.8%, global market value for plastics in Industrial application sector is anticipated to be worth US$11.1 billion by 2015. On a global scale, Europe accounts for more than 30% of the market. While US accounts for the largest share of the global market value on a country basis, India and Japan surpasses the US in terms of growth rate anticipated in the near future and leads the world. Among the end-use segments, plasticizers account for the largest share of the entire market, driving a CAGR of 6.2%, during the analysis period 2011-2016. Lubricants see as the fastest growing end-user with a forecast CAGR of approximately 8.1% by 2016, respectively.

The “Industrial Plastics - A Global Market Watch, 2011 – 2016” by Research and Markets reviews the latest trends in plastics industry with a perceptive to identify the near-future growth prospects. An in-depth analysis across the geographic regions provides strategic business intelligence for the industry investments. The study offers profitable investment strategies for R&D organizations, plastic manufacturing units, distributors, Contract Research Organizations (CROs) and many more in preferred locations.

The report focuses on the current market trends, estimates and forecasts for the period 2011-2016. More than 1500 in plastics market and 177 leading market players that project improved market activities in the near future are profiled.