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Stock impact report

Industrial Plastics Strategic Industry Research 2024: Global Market to Reach $138 Billion by 2030 from $91 Billion in 2023, Fueled by Rising Demand for Lightweight Materials and Enhanced S...

Eastman Chemical Company (EMN) 
Last eastman chemical company earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The global market for Industrial Plastics was estimated at US$91.3 Billion in 2023 and is projected to reach US$138.0 Billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the industrial plastics market is driven by several factors, including the increasing demand for lightweight and durable materials, advancements in plastic production technologies, and the growing emphasis on sustainability. As industries such as automotive and electronics prioritize weight reduction and cost efficiency, the use of industrial plastics as a replacement for metal and other traditional materials is increasing. Technological innovations in high-performance polymers and plastic recycling are also contributing to market growth by expanding the range of applications for plastics and promoting environmental sustainability. Furthermore, the Show less Read more
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