by Precedence Research a new report on plastic resins Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global plastic resins market size was valued at US$ 710.55 billion in 2021. The global plastic resins market is projected to reach US$ 1031.27 billion by 2030, registering a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2030.
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Table of Contents
Plastic Resins Market Growth Factors:
Rising demand for lighter materials in the manufacturing process of automobiles significantly drives the market growth for the global plastic resins. Further, increasing demand for electric vehicles and autonomous vehicles has prominently increased the number of electronic components in the vehicle that in turn escalates the overall weight of the vehicle. Hence, lighter materials for automotive components helps in reducing and maintain the vehicle’s body size and weight ratio.
Plastic resins are highly efficient in reducing the weight of the vehicle to a significant level. Poly-Vinyl Chloride (PVC), polypropylene, polyamide, Acrylonitrile Butadiene Styrene (ABS), and Polybutylene Terephthalate (PBT) are some of the frequently used plastic resins in the automotive industry.
Plastic Resins Market Report Scope
| Report Highlights | Details |
| Market Size | US$ 1031.27 Billion by 2030 |
| Growth Rate | CAGR of 4.7% from 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Application, Region |
The global plastic resins market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per plastic resins, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Plastic Resins Market Report Highlights
- The Asia Pacific dominated the global plastics resins market in the year 2020 owing to highest plastics production concentrated in the region
- North America and Europe exhibit moderate growth during the forecast period because of stringent regulation imposed by the government on plastic usage
- Based on product, crystalline segment led the global plastic resins market and accounted for a market revenue of approximately 61% in the year 2020
- Engineering plastic product segment exhibit exponential growth over the analysis period because of its significant application in semiconductor packaging
- Packaging application captured the largest revenue share of more than 35% in the year 2020 owing to rising demand for packaged food & beverages
- Automotive application experienced accelerating growth during the upcoming time period because of increasing demand for light weight vehicles
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Some of the prominent players in the plastic resins market include:
- SABIC
- BASF SE
- Dow Inc.
- Sumitomo Chemical
- Evonik Industries
- Arkema
- Teijin Limited
- Eastman Chemical Company
- Celanese Corporation
- Chevron Phillips Chemical Co., LLC
- Exxon Mobil Corporation
- Lotte Chemical Corporation
- Formosa Plastics Corporation
- Toray Industries, Inc.
- Covestro AG
- Mitsui & Co. Plastics Ltd.
Plastic Resins Market Segmentation
By Product Outlook
- Crystalline
- Polyethylene
- Epoxy
- Polypropylene
- Engineering Plastic
- Nylon
- Polycarbonate (PC)
- Polybutylene Terephthalate (PBT)
- Polyamide
- Non-crystalline
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polymethyl Methacrylate (PMMA)
- Acrylonitrile Butadiene Styrene (ABS)
- Super Engineering Plastic
- Polyether Ether Ketone (PEEK)
- Polyphenylene Sulfide (PPS)
- Liquid Crystal Polymer (LCP)
By Application Outlook
- Automotive
- Packaging
- Beverage
- Retail
- Food
- Medical
- Others
- Construction
- Consumer Goods
- Logistics
- Electrical & Electronics
- Electronic Materials
- OA Equipment & Home Appliances
- Others
- Textiles & Clothing
- Industrial use
- Clothing
- Others
- Agriculture
- Furniture & Bedding
- Medical Devices
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the plastic resins market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global plastic resins market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global plastic resins market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global plastic resins market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global plastic resins market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic resins are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Variables and Scope
Chapter 5. Market Dynamics Analysis and Trends
Chapter 6. Competitive Landscape
Chapter 7. Global Plastic Resins Market, By Product
Chapter 8. Global Plastic Resins Market, By Application
Chapter 9. Global Plastic Resins Market, Regional Estimates and Trend Forecast
Chapter 10. Company Profiles
Chapter 11. Research Methodology
Chapter 12. Appendix
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