COMMODITY PLASTIC MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In 2023, S&P Global Commodity Insights launched India’s first price assessment for R-PET
• In May 2020, Sumitomo, a Japan-based multinational corporation, announced an investment in NanoScent, an Israel-based startup company. The purpose of this investment was to support the development of a rapid diagnostic sensor for COVID-19. By partnering with NanoScent, Sumitomo aimed to contribute to the global fight against the pandemic by providing a fast and reliable testing solution.
• In May 2020, LyondellBasell, a leading chemical company, revealed that Advanced Global Investment Company in Saudi Arabia had chosen its polypropylene technology for a new facility. This selection highlighted the confidence in LyondellBasell's advanced polypropylene technology and its suitability for the development of cutting-edge manufacturing facilities.
• In December 2020, Blue Sky Energy in the U.S. chose LyondellBasell's Polypropylene Technology for the construction of a new facility in Wenzhou, Zhejiang Province, China. This selection signifies the recognition of LyondellBasell's advanced polypropylene technology by Blue Sky Energy for their expansion into the Chinese market. The collaboration between the two companies reflects a strategic partnership aimed at leveraging cutting-edge technology to meet the growing demand for polypropylene in the region.