Plastic Resins Market, By Type (Crystalline Resin, Non-crystalline Resin (Polyvinyl Chloride, Polystyrene, Others. Engineering Plastic (Nylon, Polybutylene Terephthalate, Others), Others), By Application, By Geography

Description

The plastic resins market is estimated to be valued at USD 833.98 Bn in 2024 and is expected to reach USD 1,127.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 833.98 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	4.40%	2031 Value Projection:	US$ 1,127.35 Bn

Figure. Plastic Resins Market Share (%), By Region 2024

The plastic resins market has been growing steadily over the past few decades. Plastic resins refer to basic organic polymers that can be molded or shaped, usually by the application of heat and pressure. They are the primary raw materials used in the production of a wide variety of plastic products across industries. Some of the commonly used plastic resins include polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), polyurethanes (PU), polyethylene terephthalate (PET), and polyamide (PA). They provide properties like durability, lightweight, and versatility making plastics substitution for traditional materials in many applications. Growing demand from the packaging, automotive, construction, and electronic industries is expected to drive further growth in the demand for plastic resins worldwide.

Market Dynamics:

The global plastic resins market is projected to witness significant growth over the forecast period owing to several factors like growing plastic consumption in emerging economies, rising demand from the packaging industry, and favorable government policies promoting plastics usage. However, environmental concerns pertaining to plastic waste and stringent regulations to curb carbon emissions pose challenges to market players. At the same time, ongoing research to develop bio-based and biodegradable resins as well as adoption of recycled plastics present new opportunities for sustainable market growth. Resin producers are investing in advanced recycling technologies and partnerships to leverage these opportunities. Adoption of lightweight but high performance resins in automotive manufacturing using innovative production processes is another key market trend.

Key Features of the Study:

This report provides an in-depth analysis of the global plastic resins market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global plastic resins market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Dow, DuPont, BASF SE, SABIC, Sumitomo Chemical Co., Ltd., Evonik Industries AG, Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, LOTTE Chemical Corporation, Exxon Mobil Corporation, Formosa Plastics Corporation, TORAY INDUSTRIES, INC., MITSUI & CO. LTD, TEIJIN LIMITED, LG Chem, and Avient Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global plastic resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plastic resins market

Detailed Segmentation-

By Type:
- Crystalline Resin
- Epoxy
- Polyethylene
- Others
- Non-crystalline Resin
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others
- Engineering Plastic
- Nylon
- Polybutylene Terephthalate (PBT)
- Others
- Others
By Application:
- Packaging
- Automotive
- Construction
- Electrical & Electronics
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Dow
- DuPont
- BASF SE
- SABIC
- Sumitomo Chemical Co., Ltd.
- Evonik Industries AG
- Celanese Corporation
- Eastman Chemical Company
- Chevron Phillips Chemical Co., LLC
- LOTTE Chemical Corporation
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- TORAY INDUSTRIES, INC.
- MITSUI & CO. LTD
- TEIJIN LIMITED
- LG Chem
- Avient Corporation

Product Code: CMI7092

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Plastic Resins Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Plastic Resins Market
Impact Analysis

5. Global Plastic Resins Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Crystalline Resin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Epoxy
Polyethylene
Others
Non-crystalline Resin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Others
Engineering Plastic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Nylon
Polybutylene Terephthalate (PBT)
Others
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Plastic Resins Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Electrical & Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Plastic Resins Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Dow
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- DuPont
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- SABIC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Sumitomo Chemical Co., Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Evonik Industries AG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Celanese Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Eastman Chemical Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Chevron Phillips Chemical Co., LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- LOTTE Chemical Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Exxon Mobil Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Formosa Plastics Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- TORAY INDUSTRIES, INC.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- MITSUI & CO. LTD
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- TEIJIN LIMITED
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- LG Chem
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Avient Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Plastic Resins Market" - Global forecast to 2031.