Partnership and Acquisition among the market players will escalate the European Plastics Market

The European plastics market will see a considerable growth of 2.9% during the forecast period. The partnership & collaboration is one of the key strategies adopted by the regional market players, to expand their operations across certain geography or for the development of new products. The recent new announced by the market players regarding the acquisition and partnership are-

• In September 2019, Evonik Industries and Cubicure declared a strategic R&D cooperation in polyester resins for additive manufacturing. This joint project aims to develop and produce an innovative 1K-resin system for Hot Lithography technology. Evonik uses its material expertise in polyester resins for the development of an innovative one-component resin system (1K) in partnership with Cubicure’s process experts.
• In September 2019, INEOS Enterprises acquired the overall composites business from Ashland Global Holdings Inc. This acquisition also comprises a BDO facility in Germany. The BDO facility manufactures key intermediates for high-performance polyesters and polyurethanes and will be run by the INEOS Solvents business. This acquisition will offer a new opportunity for INEOS to further extend its composites market.

Browse the full report description European Plastics Market Size, Share & Trends Analysis Report by Type (Thermosets and Thermoplastics) and by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Household, Leisure & Sports, Agriculture, and Others), Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/europe-plastics-market

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?

o Recovery Timeline

o Deviation from pre-COVID-19

o Most affected region/segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Plastics Market – Segmentation

By Type

• Thermoplastics

o Polyethylene (PE)

o Polypropylene (PP)

o Polystyrene (PS)

o Polyvinylchloride (PVC) 

o Polyethylene Terephthalate (PET)

o Others

• Thermosets

o Polyurethane (PUR)

o Epoxy Resins

o Phenolic Resins

o Acrylic Resins

o Others

By Application

• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Household, Leisure & Sports
• Agriculture
• Others

European Plastics Market – Segmentation by Geography

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

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