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Ecuador Plastic Market Share, Size, Analysis, Forecast: By Type: Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Polybutylene Terephthalate (PBT), Others; By Application; By End Use; Competitive Landscape; 2023-2028
Ecuador Plastic Market Outlook
The Ecuador plastic market size attained a value of USD 689.61 million in 2022. The market is further expected to grow at a CAGR of 5.0% between 2023 and 2028, reaching a value of USD 921.5 million by 2028.
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Key Trends in the Market
Plastic refers to a synthetic material made up of unique molecules known as monomers which are bonded with each other to form long carbon chains of polymers. The easy mouldability of plastics makes them applicable across various end use sectors. Plastics are strong and ductile, bad heat and electricity conductors, and resistant to corrosion and several chemicals.
- With the country’s ban on single-use plastics, there is increasing emphasis on production of high quality plastics that contain the minimum specific percentage of recycled materials. The rising focus on plastic production with post-consumer recycled materials is a key trend support the growth of the Ecuador plastic market.
- Government prohibitions exclude plastic packaging for bulk foods, wet ingredients, and plastic required for containers used in personal care, medical, hygiene, and cleaning, which is expected to increase the demand for these plastic applications in Ecuador.
- Plastics can withstand mechanical loads and counter harsh weather conditions which makes it a successful construction component. In this regard, surge in investments in construction activities in the country are heightening the demand for the Ecuador plastic market.
Market Analysis
Based on type, the market is segmented into polyethylene (PE), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polybutylene terephthalate (PBT), polycarbonate (PC), and bioplastics, among others. On the basis of application, the market is classified into injection moulding, blow moulding, roto moulding, compression moulding, casting, thermoforming, extrusion, and calendering, among others. By end use, the market is divided into packaging, construction, electrical and electronics, automotive, medical devices, agriculture, furniture and bedding, consumer goods, and utility, among others.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Ecuador plastic market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Exxon Mobil Corporation
- Eastman Chemical Company
- Dow Chemical Company
- BASF SE
- Oben Holding Group (OHG)
- San Miguel Industries
- Nutec America
- Others
Market Share by Type
The polyethylene (PE) segment, based on type, accounts for a healthy share of the Ecuador plastic market due to its wide applications in agriculture. This type of plastic controls moisture evaporation and growth of weed, while enabling crops to grow through holes cut into material. These processes are served by polyethylene owing to its strength, flexibility, and cheapness. In addition, polyethylene is deployed in silage, plastic reservoirs and irrigation systems, mulching, and low tunnels, among other agricultural areas, which are fuelling the growth of this segment. The growing expansion of the agriculture sector in Ecuador, due to the increasing variety of agricultural production, is heightening the demand for polyethylene (PE) in the country.
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Competitive Landscape
Exxon Mobil Corporation is one of the largest premier petroleum and chemical manufacturing companies which is committed towards improving access to energy, enhancing efficiency, and mitigating emissions. It was founded in 1999 and is headquartered in Texas, United States.
Eastman Chemical Company is a leading chemical industry company which advances across sectors such as agriculture, consumer goods, personal care, transportation and textiles, to enhance the quality of life of the consumers. Established in 1920 and headquartered in Tennessee, United States, it is one of the largest manufacturers of coatings, adhesives, and fibres.
Dow Chemical Company is global leading supplier of chemicals, plastics, synthetic fibres, and products related to agriculture. This plastics and chemicals manufacturing company was founded in 1897 and is headquartered in Michigan, United States.
Other market players include BASF SE, Oben Holding Group (OHG), San Miguel Industries, and Nutec America, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Ecuador Plastic Market Analysis
8.1 Key Industry Highlights
8.2 Ecuador Plastic Historical Market (2018-2022)
8.3 Ecuador Plastic Market Forecast (2023-2028)
9 Ecuador Plastic Market by Type
9.1 Polyethylene (PE)
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Polypropylene (PP)
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Polyurethane (PU)
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Polyvinyl Chloride (PVC)
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Polyethylene Terephthalate (PET)
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Polystyrene (PS)
9.6.1 Historical Trend (2018-2022)
9.6.2 Forecast Trend (2023-2028)
9.7 Acrylonitrile Butadiene Styrene (ABS)
9.7.1 Historical Trend (2018-2022)
9.7.2 Forecast Trend (2023-2028)
9.8 Polybutylene Terephthalate (PBT)
9.8.1 Historical Trend (2018-2022)
9.8.2 Forecast Trend (2023-2028)
9.9 Polycarbonate (PC)
9.9.1 Historical Trend (2018-2022)
9.9.2 Forecast Trend (2023-2028)
9.10 Bioplastics
9.10.1 Historical Trend (2018-2022)
9.10.2 Forecast Trend (2023-2028)
9.11 Others
10 Ecuador Plastic Market by Application
10.1 Injection Moulding
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Blow Moulding
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Roto Moulding
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Compression Moulding
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Casting
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.6 Thermoforming
10.6.1 Historical Trend (2018-2022)
10.6.2 Forecast Trend (2023-2028)
10.7 Extrusion
10.7.1 Historical Trend (2018-2022)
10.7.2 Forecast Trend (2023-2028)
10.8 Calendering
10.8.1 Historical Trend (2018-2022)
10.8.2 Forecast Trend (2023-2028)
10.9 Others
11 Ecuador Plastic Market by End Use
11.1 Packaging
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Construction
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Electrical and Electronics
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Automotive
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Medical Devices
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Agriculture
11.6.1 Historical Trend (2018-2022)
11.6.2 Forecast Trend (2023-2028)
11.7 Furniture and Bedding
11.7.1 Historical Trend (2018-2022)
11.7.2 Forecast Trend (2023-2028)
11.8 Consumer Goods
11.8.1 Historical Trend (2018-2022)
11.8.2 Forecast Trend (2023-2028)
11.9 Utility
11.9.1 Historical Trend (2018-2022)
11.9.2 Forecast Trend (2023-2028)
11.10 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Policy and Regulations
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Exxon Mobil Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Eastman Chemical Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Dow Chemical Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BASF SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Oben Holding Group (OHG)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 San Miguel Industries
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nutec America
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Ecuador Plastic Market: Key industry Highlights, 2018 and 2028
2. Ecuador Plastic Historical Market: Breakup by Type (USD Million), 2018-2022
3. Ecuador Plastic Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Ecuador Plastic Historical Market: Breakup by Application (USD Million), 2018-2022
5. Ecuador Plastic Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Ecuador Plastic Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Ecuador Plastic Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Ecuador Plastic Market Structure
Key Questions Answered in the Report
The market reached a value of USD 689.61 million in 2022.
The market is estimated to grow at a CAGR of 5.0% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 921.5 million by 2028.
The rising demand for plastics from various end use sectors such as construction and packaging, and the mechanical load bearing strength offered by plastics are the major drivers of the market.
The key trends in the market include the government support for utilising recycled plastics, increasing product innovations, and rising potential for bioplastics amidst sustainability concerns.
Polyethylene (PE), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polybutylene terephthalate (PBT), polycarbonate (PC), and bioplastics, among others, are the different types of plastics in the market.
injection moulding, blow moulding, roto moulding, compression moulding, casting, thermoforming, extrusion, and calendering, among others, are the major applications of the market.
Exxon Mobil Corporation, Eastman Chemical Company, Dow Chemical Company, BASF SE, Oben Holding Group (OHG), San Miguel Industries, and Nutec America, among others, are the key players in the Ecuador plastic market, according to the report.
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