Globally, plastics industry is one of the leading contributors to economic growth. In spite of recession and long-term consolidation trend, the plastics industry has been one of largest and fastest-growing industry sectors of the economy. In the second half of the 20th century, plastics emerged as one of the most universally-used and multipurpose materials in the global economy.
The plastics industry is the third largest manufacturing industry in the US, contributing significantly to the nation’s economy. In Europe, plastics industry is stabilised from the recession and now moving towards growth. Competition in the industry is constantly growing and plastics market is increasingly shifting towards Asia especially to China and India.
Source : http://www.business-standard.com/content/b2b-plastics-polymers/investments-in-infrastructure-pushing-demand-for-pvc-114062300487_1.html