Plastic & Rubber
Statistics and facts on plastic & rubber
Plastics are one of the most imprinting materials of modern times. Plastics are defined as an organic polymeric solid state, which can be produced in a synthetic or semi-synthetic way. Raw materials for the production of plastics are usually petrochemical products. Plastic exhibits a number of interesting and extraordinary characteristics. Its hardness, flexibility, formability as well as its break resistance make it suitable for application almost anywhere. Although, such characteristics are dependent on the manufacturing method and can vary due to the usage of additives in the creation process.
The total global production of plastics amounts to approximately 300 million metric tons annually. The leading producer of plastics is China, manufacturing around a quarter of the world’s production. The plastics industry is an important segment of the chemical industry, largely dominated by the top global players of the branch, like LyondellBasell, Dow Chemical, DuPont, BASF, and Bayer.
The rubber industry is also a subdivision of the chemical industry. Around 60 percent of the total global rubber production today is produced synthetically. With both core products being derived mainly from petrochemicals, the synthetic rubber industry and the plastics industry form a coherent subsector. Originally, rubber could be produced only from latex gained from rubber trees. Due to its characteristics, such as distensibility, resiliency, and the fact that it is waterproof, rubber became popular and frequently utilized in many industries.