German Plastic Tube Market Trends, Size, Competitive Analysis And Forecast - 2019-2025

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German Plastic Tube Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

The outbreak of the COVID-19 has made the chemical industry under strain owing to the increased infection rate, city shutdowns, and transportation halts across the globe. Chemicals industry plays an important role in the production of countless products such as plastic, fertilizers, medicines and so on. Moreover, chemicals are also required to support good hygiene and the treatment of the victims of the COVID-19. As the cases increased in China in January, several chemical manufacturing plants were shut down due to a shortage of raw materials. As per the CEFIC Chemdata International, in 2018, the chemical sales in China hold for around $1.32 trillion which is expected to be significantly low this year. 

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According to the International Council of Chemical Associations (ICCA), China is the eighth largest chemical importing nation and the twelfth largest chemical exporting nation across the globe. The US is the only leading exporting country that enjoys a slight trade surplus with China in the area of chemicals. For instance, China accounts for about 70% of the total rubber chemical products across the globe, however, it only consumes about 33-35% of it. Therefore, a slight deviation in the chemical industry of China is anticipated to have a much bigger impact on global customers and suppliers of Chinese producers of chemicals. Due to this, the global companies can move toward other countries for the chemical where the effect of the pandemic is comparatively lower such as India, Brazil, and Vietnam. 

A full report of German Plastic Tube Market is available at: https://www.omrglobal.com/industry-reports/impact-on-global-chemical-industry-due-to-covid-19-pandemic

German Plastic Tube Market Segmentation

  • Petrochemical
  • Basic Inorganic
  • Polymer
  • Specialty Chemical
  • Consumer Chemical
  • Others

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific 
  • Rest of the World

Companies Studied 

  • BASF SE
  • DuPont de Nemours, Inc.
  • China Petroleum & Chemical Corp.
  • SABIC
  • Mitsubishi Chemical Corp.
  • Wanhua Chemical Corp.
  • Chevron Phillips Chemical Co. LLC
  • Evonik Industries AG
  • Jianshi Yuantong Bioengineering Co., Ltd.
  • PPG Industries, Inc.

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Contact Person: Mr. Anurag Tiwari

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Keywords: trends,size,competitive analysis,share,forecast- 2019-2025

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