BRIC AUTOMOTIVE PLASTICS MARKET ANALYSIS

Market News

Recent Developments

• In June 2019, Lyondell Basell, a chemical company has partnership with with a Finland-based energy organization to fabricate two kinds of plastics produced using renewable sources rather than fossil fuels. The new bio-based polypropylene and low-density polyethylene items are two of the most well-known sorts of plastics. Consequently, expanding production of bio-based plastics is supposed to foster the market.
• In June 2021, SIBUR manufactures of polypropylene and polyethylene has launched Vivilen brand. Vivilen brand products contains recycled waste. The Vivilen products combine high-quality primary feedstock and recycled products. This recycled materials incorporated into its production process to manufacture plastic containers for household chemicals and housekeeping needs, cosmetics and other goods packaging, FMCG products (for example, clothes hangers).

Competitive Section

Major players operating in the BRIC automotive plastics market include Bayer Material Science, Lyondell Basell, Dow Chemicals Company, Polyplastics Group, Sibur, China XD Plastics Company Ltd., and Saudi Basic Industries Corporation (SABIC).