Plastic Granules Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_0023564
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:6.69
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.69
Chemicals and Advanced Materials-companies
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Report Overview

The Plastic Granules Market is poised to witness substantial growth with an anticipated Compound Annual Growth Rate (CAGR) of 5.82% between 2022 and 2032. The market size is projected to expand by USD 12,764.82 million over this period. Several driving factors are contributing to this growth, including the increasing demand for plastic products across various industries, growing emphasis on sustainable and recyclable materials, and the surge in urbanization and industrialization in emerging economies. Plastic granules serve as the foundational raw materials in the production of various plastic goods, and their demand is intrinsically linked to the broader plastic industry.

Plastic Granules Market Overview:

Drivers:

A significant driver of the plastic granules market's growth is the escalating demand for plastic products across sectors like packaging, automotive, construction, and consumer goods. The versatility, durability, and cost-effectiveness of plastics have led to their widespread adoption in various applications, propelling the demand for plastic granules.

Moreover, the increasing focus on sustainable practices and the adoption of environmentally friendly materials are bolstering the market. The drive to reduce single-use plastics and the emphasis on recycling and circular economy principles are encouraging manufacturers to use recycled plastic granules in their production processes.

Trends:

An influential trend in the plastic granules market is the integration of advanced technologies and additives to enhance plastic properties. Additives like flame retardants, UV stabilizers, and antimicrobial agents are being incorporated into plastic granules to impart specific functionalities to the end products. Additionally, the development of bio-based plastic granules derived from renewable sources is gaining traction, aligning with the global push towards reducing reliance on fossil fuels.

The adoption of Industry 4.0 technologies, such as Internet of Things (IoT) sensors, in plastic manufacturing processes is also on the rise. These technologies enable real-time monitoring and optimization of production lines, resulting in improved efficiency and reduced waste.

Restraints:

Challenges in the plastic granules market include concerns over plastic pollution and environmental impact. The accumulation of plastic waste in landfills and oceans has led to increased regulatory scrutiny and consumer awareness. This has prompted manufacturers to explore more sustainable alternatives and recycling methods.

Fluctuations in raw material prices, often influenced by the oil and gas industry, can also pose challenges to market stability. Economic uncertainties and geopolitical factors can lead to unpredictable changes in input costs, affecting profit margins for plastic granule manufacturers.

Plastic Granules Market Segmentation By Application: The packaging segment is projected to experience substantial growth during the forecast period. Plastic granules are widely used in packaging materials due to their lightweight nature, cost-effectiveness, and ability to prolong shelf life. Applications include plastic bags, containers, bottles, and wraps, which are used extensively in the food and beverage, consumer goods, and pharmaceutical industries.

Additionally, the automotive industry's increasing adoption of plastics for components like interior trim, bumpers, and lightweight parts is driving the demand for plastic granules in this segment.

Plastic Granules Market Segmentation By Type: The demand for polyethylene (PE) plastic granules is expected to dominate the market due to their extensive use in various applications. PE is versatile and is used in packaging, construction, automotive, and industrial sectors. It offers attributes like flexibility, chemical resistance, and ease of processing.

Polypropylene (PP) plastic granules are also witnessing significant demand, particularly in the automotive and packaging sectors. PP's excellent mechanical properties, high chemical resistance, and low cost make it a preferred choice for many applications.

Regional Overview:


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Asia-Pacific (APAC) is set to be a major contributor to the global plastic granules market growth, accounting for approximately 55% of the total market share during the forecast period. The region's rapid industrialization, urbanization, and large consumer base are driving the demand for plastic products across sectors. Countries like China, India, and Southeast Asian nations are key players in both plastic consumption and production, further fueling the demand for plastic granules.

In the wake of increasing environmental concerns, many APAC countries are also focusing on regulatory measures and initiatives to reduce plastic waste and promote sustainable practices.

Plastic Granules Market Customer Landscape: The plastic granules market report encompasses the adoption lifecycle analysis, ranging from early adopters to laggards. It delves into the regional variations in adoption rates and highlights key purchase criteria and pricing sensitivities that influence growth strategies for companies.

Major Plastic Granules Market Companies: Key market players are employing diverse strategies such as collaborations, mergers and acquisitions, product launches, geographic expansions, and partnerships to fortify their market presence.

The competitive landscape analysis of the market covers 20 major companies, including:

  • ExxonMobil Chemical
  • Dow Chemical Company
  • LyondellBasell Industries
  • SABIC (Saudi Basic Industries Corporation)
  • BASF SE
  • DuPont
  • TotalEnergies
  • INEOS Group
  • Formosa Plastics Corporation
  • LG Chem
  • Chevron Phillips Chemical
  • Mitsubishi Chemical Holdings Corporation
  • Reliance Industries Limited
  • Hanwha Chemical Corporation
  • Braskem
  • Sinopec Group
  • Arkema Group
  • Covestro AG
  • Sumitomo Chemical Co., Ltd.
  • Toray Industries, Inc.

The qualitative and quantitative analysis of these companies sheds light on their business environment, strengths, weaknesses, and categorization based on focus areas and dominance levels.

Segment Overview:

The plastic granules market report offers revenue forecasts for global, regional, and country levels, accompanied by an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

  • Packaging
  • Automotive
  • Construction
  • Consumer Goods
  • Others

Type Outlook (USD Million, 2019 - 2032):

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Others

Geography Outlook (USD Million, 2019 - 2032):

  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Table of Contents

Global Plastic Granules Market Professional Survey Report 2017
1 Industry Overview of Plastic Granules
1.1 Definition and Specifications of Plastic Granules
1.1.1 Definition of Plastic Granules
1.1.2 Specifications of Plastic Granules
1.2 Classification of Plastic Granules
1.2.1 PP
1.2.2 HDPE
1.2.3 PPCP
1.2.4 LLDPE
1.2.5 LDPE
1.2.6 Others
1.3 Applications of Plastic Granules
1.3.1 Plastic products
1.3.2 Clothing
1.3.3 Others
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India

2 Manufacturing Cost Structure Analysis of Plastic Granules
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Plastic Granules
2.3 Manufacturing Process Analysis of Plastic Granules
2.4 Industry Chain Structure of Plastic Granules

3 Technical Data and Manufacturing Plants Analysis of Plastic Granules
3.1 Capacity and Commercial Production Date of Global Plastic Granules Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Plastic Granules Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Plastic Granules Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Plastic Granules Major Manufacturers in 2016

4 Global Plastic Granules Overall Market Overview
4.1 2012-2017E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2012-2017E Global Plastic Granules Capacity and Growth Rate Analysis
4.2.2 2016 Plastic Granules Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2012-2017E Global Plastic Granules Sales and Growth Rate Analysis
4.3.2 2016 Plastic Granules Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 2012-2017E Global Plastic Granules Sales Price
4.4.2 2016 Plastic Granules Sales Price Analysis (Company Segment)

5 Plastic Granules Regional Market Analysis
5.1 North America Plastic Granules Market Analysis
5.1.1 North America Plastic Granules Market Overview
5.1.2 North America 2012-2017E Plastic Granules Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America 2012-2017E Plastic Granules Sales Price Analysis
5.1.4 North America 2016 Plastic Granules Market Share Analysis
5.2 China Plastic Granules Market Analysis
5.2.1 China Plastic Granules Market Overview
5.2.2 China 2012-2017E Plastic Granules Local Supply, Import, Export, Local Consumption Analysis
5.2.3 China 2012-2017E Plastic Granules Sales Price Analysis
5.2.4 China 2016 Plastic Granules Market Share Analysis
5.3 Europe Plastic Granules Market Analysis
5.3.1 Europe Plastic Granules Market Overview
5.3.2 Europe 2012-2017E Plastic Granules Local Supply, Import, Export, Local Consumption Analysis
5.3.3 Europe 2012-2017E Plastic Granules Sales Price Analysis
5.3.4 Europe 2016 Plastic Granules Market Share Analysis
5.4 Southeast Asia Plastic Granules Market Analysis
5.4.1 Southeast Asia Plastic Granules Market Overview
5.4.2 Southeast Asia 2012-2017E Plastic Granules Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Southeast Asia 2012-2017E Plastic Granules Sales Price Analysis
5.4.4 Southeast Asia 2016 Plastic Granules Market Share Analysis
5.5 Japan Plastic Granules Market Analysis
5.5.1 Japan Plastic Granules Market Overview
5.5.2 Japan 2012-2017E Plastic Granules Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Japan 2012-2017E Plastic Granules Sales Price Analysis
5.5.4 Japan 2016 Plastic Granules Market Share Analysis
5.6 India Plastic Granules Market Analysis
5.6.1 India Plastic Granules Market Overview
5.6.2 India 2012-2017E Plastic Granules Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India 2012-2017E Plastic Granules Sales Price Analysis
5.6.4 India 2016 Plastic Granules Market Share Analysis

6 Global 2012-2017E Plastic Granules Segment Market Analysis (by Type)
6.1 Global 2012-2017E Plastic Granules Sales by Type
6.2 Different Types of Plastic Granules Product Interview Price Analysis
6.3 Different Types of Plastic Granules Product Driving Factors Analysis
6.3.1 PP of Plastic Granules Growth Driving Factor Analysis
6.3.2 HDPE of Plastic Granules Growth Driving Factor Analysis
6.3.3 PPCP of Plastic Granules Growth Driving Factor Analysis
6.3.4 LLDPE of Plastic Granules Growth Driving Factor Analysis
6.3.5 LDPE of Plastic Granules Growth Driving Factor Analysis
6.3.6 Others of Plastic Granules Growth Driving Factor Analysis

7 Global 2012-2017E Plastic Granules Segment Market Analysis (by Application)
7.1 Global 2012-2017E Plastic Granules Consumption by Application
7.2 Different Application of Plastic Granules Product Interview Price Analysis
7.3 Different Application of Plastic Granules Product Driving Factors Analysis
7.3.1 Plastic products of Plastic Granules Growth Driving Factor Analysis
7.3.2 Clothing of Plastic Granules Growth Driving Factor Analysis
7.3.3 Others of Plastic Granules Growth Driving Factor Analysis

8 Major Manufacturers Analysis of Plastic Granules
8.1 Dar Al Khaleej Plastics
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 Dar Al Khaleej Plastics 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 Dar Al Khaleej Plastics 2016 Plastic Granules Business Region Distribution Analysis
8.2 Nahata Plastics
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Product A
8.2.2.2 Product B
8.2.3 Nahata Plastics 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.2.4 Nahata Plastics 2016 Plastic Granules Business Region Distribution Analysis
8.3 Vanshika Plastic Industry
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Product A
8.3.2.2 Product B
8.3.3 Vanshika Plastic Industry 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.3.4 Vanshika Plastic Industry 2016 Plastic Granules Business Region Distribution Analysis
8.4 Balaji Plastic
8.4.1 Company Profile
8.4.2 Product Picture and Specifications
8.4.2.1 Product A
8.4.2.2 Product B
8.4.3 Balaji Plastic 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.4.4 Balaji Plastic 2016 Plastic Granules Business Region Distribution Analysis
8.5 Navkar Industries
8.5.1 Company Profile
8.5.2 Product Picture and Specifications
8.5.2.1 Product A
8.5.2.2 Product B
8.5.3 Navkar Industries 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.5.4 Navkar Industries 2016 Plastic Granules Business Region Distribution Analysis
8.6 Shakti Plastic Industries
8.6.1 Company Profile
8.6.2 Product Picture and Specifications
8.6.2.1 Product A
8.6.2.2 Product B
8.6.3 Shakti Plastic Industries 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.6.4 Shakti Plastic Industries 2016 Plastic Granules Business Region Distribution Analysis
8.7 Tejes Plastics
8.7.1 Company Profile
8.7.2 Product Picture and Specifications
8.7.2.1 Product A
8.7.2.2 Product B
8.7.3 Tejes Plastics 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.7.4 Tejes Plastics 2016 Plastic Granules Business Region Distribution Analysis
8.8 Wiwat Plastic
8.8.1 Company Profile
8.8.2 Product Picture and Specifications
8.8.2.1 Product A
8.8.2.2 Product B
8.8.3 Wiwat Plastic 2016 Plastic Granules Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.8.4 Wiwat Plastic 2016 Plastic Granules Business Region Distribution Analysis

9 Development Trend of Analysis of Plastic Granules Market
9.1 Global Plastic Granules Market Trend Analysis
9.1.1 Global 2017-2022 Plastic Granules Market Size (Volume and Value) Forecast
9.1.2 Global 2017-2022 Plastic Granules Sales Price Forecast
9.2 Plastic Granules Regional Market Trend
9.2.1 North America 2017-2022 Plastic Granules Consumption Forecast
9.2.2 China 2017-2022 Plastic Granules Consumption Forecast
9.2.3 Europe 2017-2022 Plastic Granules Consumption Forecast
9.2.4 Southeast Asia 2017-2022 Plastic Granules Consumption Forecast
9.2.5 Japan 2017-2022 Plastic Granules Consumption Forecast
9.2.6 India 2017-2022 Plastic Granules Consumption Forecast
9.3 Plastic Granules Market Trend (Product Type)
9.4 Plastic Granules Market Trend (Application)

10 Plastic Granules Marketing Type Analysis
10.1 Plastic Granules Regional Marketing Type Analysis
10.2 Plastic Granules International Trade Type Analysis
10.3 Traders or Distributors with Contact Information of Plastic Granules by Region
10.4 Plastic Granules Supply Chain Analysis

11 Consumers Analysis of Plastic Granules
11.1 Consumer 1 Analysis
11.2 Consumer 2 Analysis
11.3 Consumer 3 Analysis
11.4 Consumer 4 Analysis

12 Conclusion of the Global Plastic Granules Market Professional Survey Report 2017
Methodology
Analyst Introduction
Data Source




List of Tables and Figures
Figure Picture of Plastic Granules
Table Product Specifications of Plastic Granules
Table Classification of Plastic Granules
Figure Global Production Market Share of Plastic Granules by Type in 2016
Figure PP Picture
Table Major Manufacturers of PP
Figure HDPE Picture
Table Major Manufacturers of HDPE
Figure PPCP Picture
Table Major Manufacturers of PPCP
Figure LLDPE Picture
Table Major Manufacturers of LLDPE
Figure LDPE Picture
Table Major Manufacturers of LDPE
Figure Others Picture
Table Major Manufacturers of Others
Table Applications of Plastic Granules
Figure Global Consumption Volume Market Share of Plastic Granules by Application in 2016
Figure Plastic products Examples
Table Major Consumers in Plastic products
Figure Clothing Examples
Table Major Consumers in Clothing
Figure Others Examples
Table Major Consumers in Others
Figure Market Share of Plastic Granules by Regions
Figure North America Plastic Granules Market Size (Million USD) (2012-2022)
Figure China Plastic Granules Market Size (Million USD) (2012-2022)
Figure Europe Plastic Granules Market Size (Million USD) (2012-2022)
Figure Southeast Asia Plastic Granules Market Size (Million USD) (2012-2022)
Figure Japan Plastic Granules Market Size (Million USD) (2012-2022)
Figure India Plastic Granules Market Size (Million USD) (2012-2022)
Table Plastic Granules Raw Material and Suppliers
Table Manufacturing Cost Structure Analysis of Plastic Granules in 2016
Figure Manufacturing Process Analysis of Plastic Granules
Figure Industry Chain Structure of Plastic Granules
Table Capacity and Commercial Production Date of Global Plastic Granules Major Manufacturers in 2016
Table Manufacturing Plants Distribution of Global Plastic Granules Major Manufacturers in 2016
Table R&D Status and Technology Source of Global Plastic Granules Major Manufacturers in 2016
Table Raw Materials Sources Analysis of Global Plastic Granules Major Manufacturers in 2016
Table Global Capacity, Sales , Price, Cost, Sales Revenue (M USD) and Gross Margin of Plastic Granules 2012-2017
Figure Global 2012-2017E Plastic Granules Market Size (Volume) and Growth Rate
Figure Global 2012-2017E Plastic Granules Market Size (Value) and Growth Rate
Table 2012-2017E Global Plastic Granules Capacity and Growth Rate
Table 2016 Global Plastic Granules Capacity (K MT) List (Company Segment)
Table 2012-2017E Global Plastic Granules Sales (K MT) and Growth Rate
Table 2016 Global Plastic Granules Sales (K MT) List (Company Segment)
Table 2012-2017E Global Plastic Granules Sales Price (USD/MT)
Table 2016 Global Plastic Granules Sales Price (USD/MT) List (Company Segment)
Figure North America Capacity Overview
Table North America Supply, Import, Export and Consumption (K MT) of Plastic Granules 2012-2017E
Figure North America 2012-2017E Plastic Granules Sales Price (USD/MT)
Figure North America 2016 Plastic Granules Sales Market Share
Figure China Capacity Overview
Table China Supply, Import, Export and Consumption (K MT) of Plastic Granules 2012-2017E
Figure China 2012-2017E Plastic Granules Sales Price (USD/MT)
Figure China 2016 Plastic Granules Sales Market Share
Figure Europe Capacity Overview
Table Europe Supply, Import, Export and Consumption (K MT) of Plastic Granules 2012-2017E
Figure Europe 2012-2017E Plastic Granules Sales Price (USD/MT)
Figure Europe 2016 Plastic Granules Sales Market Share
Figure Southeast Asia Capacity Overview
Table Southeast Asia Supply, Import, Export and Consumption (K MT) of Plastic Granules 2012-2017E
Figure Southeast Asia 2012-2017E Plastic Granules Sales Price (USD/MT)
Figure Southeast Asia 2016 Plastic Granules Sales Market Share
Figure Japan Capacity Overview
Table Japan Supply, Import, Export and Consumption (K MT) of Plastic Granules 2012-2017E
Figure Japan 2012-2017E Plastic Granules Sales Price (USD/MT)
Figure Japan 2016 Plastic Granules Sales Market Share
Figure India Capacity Overview
Table India Supply, Import, Export and Consumption (K MT) of Plastic Granules 2012-2017E
Figure India 2012-2017E Plastic Granules Sales Price (USD/MT)
Figure India 2016 Plastic Granules Sales Market Share
Table Global 2012-2017E Plastic Granules Sales (K MT) by Type
Table Different Types Plastic Granules Product Interview Price
Table Global 2012-2017E Plastic Granules Sales (K MT) by Application
Table Different Application Plastic Granules Product Interview Price
Table Dar Al Khaleej Plastics Information List
Table Product A Overview
Table Product B Overview
Table 2016 Dar Al Khaleej Plastics Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Dar Al Khaleej Plastics Plastic Granules Business Region Distribution
Table Nahata Plastics Information List
Table Product A Overview
Table Product B Overview
Table 2016 Nahata Plastics Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Nahata Plastics Plastic Granules Business Region Distribution
Table Vanshika Plastic Industry Information List
Table Product A Overview
Table Product B Overview
Table 2015 Vanshika Plastic Industry Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Vanshika Plastic Industry Plastic Granules Business Region Distribution
Table Balaji Plastic Information List
Table Product A Overview
Table Product B Overview
Table 2016 Balaji Plastic Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Balaji Plastic Plastic Granules Business Region Distribution
Table Navkar Industries Information List
Table Product A Overview
Table Product B Overview
Table 2016 Navkar Industries Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Navkar Industries Plastic Granules Business Region Distribution
Table Shakti Plastic Industries Information List
Table Product A Overview
Table Product B Overview
Table 2016 Shakti Plastic Industries Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Shakti Plastic Industries Plastic Granules Business Region Distribution
Table Tejes Plastics Information List
Table Product A Overview
Table Product B Overview
Table 2016 Tejes Plastics Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Tejes Plastics Plastic Granules Business Region Distribution
Table Wiwat Plastic Information List
Table Product A Overview
Table Product B Overview
Table 2016 Wiwat Plastic Plastic Granules Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2016 Wiwat Plastic Plastic Granules Business Region Distribution
Figure Global 2017-2022 Plastic Granules Market Size (K MT) and Growth Rate Forecast
Figure Global 2017-2022 Plastic Granules Market Size (Million USD) and Growth Rate Forecast
Figure Global 2017-2022 Plastic Granules Sales Price (USD/MT) Forecast
Figure North America 2017-2022 Plastic Granules Consumption Volume (K MT) and Growth Rate Forecast
Figure China 2017-2022 Plastic Granules Consumption Volume (K MT) and Growth Rate Forecast
Figure Europe 2017-2022 Plastic Granules Consumption Volume (K MT) and Growth Rate Forecast
Figure Southeast Asia 2017-2022 Plastic Granules Consumption Volume (K MT) and Growth Rate Forecast
Figure Japan 2017-2022 Plastic Granules Consumption Volume (K MT) and Growth Rate Forecast
Figure India 2017-2022 Plastic Granules Consumption Volume (K MT) and Growth Rate Forecast
Table Global Sales Volume (K MT) of Plastic Granules by Type 2017-2022
Table Global Consumption Volume (K MT) of Plastic Granules by Application 2017-2022
Table Traders or Distributors with Contact Information of Plastic Granules by Region

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now letā€™s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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