- Polyethylene Terephthalate (PET),
- High Density Polyethylene (HDPE),
- Polyvinyl chloride (PVC),
- Low Density Polyethylene (LDPE),
- Polypropylene (PP),
- Polystyrene (PS),
- Others
Plastic Resins Market size was valued at USD 783.5 billion in 2022. It is expected to reach a value of USD 976.8 billion by 2029, growing at a CAGR of 3.2% from 2023-2029. The global market provides a detailed overview, which has been segmented by product, and application. By product, the plastic resins market has been segmented into Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polyvinyl chloride (PVC), Low-Density Polyethylene (LDPE), Polypropylene (PP), Polystyrene (PS), Others. The Polyethylene Terephthalate (PET) segment is likely the most significant and fastest-growing segment in terms of product. Based on the application, plastic resins are segmented into Packaging, Automotive, Construction, Electrical & Electronics, Consumer Goods, Furniture & Bedding, and Others. According to precision business insights, the packaging segment is predicted to register the fastest growth rate during the forecast period.
The Plastic Resins Market Key Development:
In February 2022, as part of its acquisition of Solvay PA66 business, BASF began marketing polyamide (PA) and polyphthalamide (PPA) grades in Europe. Under humid circumstances and high temperatures, Ultramid One J (PA66/6T) has good mechanical and dielectric qualities.
Plastic Resins Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.2%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Plastic Resins Market Dynamics
The main driver of market expansion is increased product demand from the construction, automotive, and electrical & electronics industries. The demand for products in applications such as automotive interiors, exteriors, and under-the-hood parts is anticipated to increase due to the rapidly growing global automotive sector.
Asia Pacific Got Significant Share
Plastic Resins Market Regional Analysis
The Asia Pacific market is expected to witness the largest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The plastic resins market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Plastic Resins Market Segmentation
By Product Type
By Application
- Packaging,
- Automotive,
- Construction,
- Electrical & Electronics,
- Consumer Goods,
- Furniture & Bedding,
- Others
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America and
- Middle East and Africa
Frequently Asked Questions
The plastic resins market growing at a CAGR of 3.2% during 2023-29
The major players in the global plastic resins market are BASF SE, SABIC, Dow, Inc., Evonik Industries AG, Sumitomo Chemical, Arkema, Celanese Corp., Eastman Chemical Company, Chevron Phillips Chemical Co., LLC, Lotte Chemical Corp., Covestro AG. Toray Industries, Inc., and Teijin Ltd.
Asia Pacific is the fastest-growing region for plastic resins market
| 1.Executive Summary |
| 2.Global Plastic Resins Market Introduction |
| 2.1.Global Plastic Resins Market - Taxonomy |
| 2.2.Global Plastic Resins Market - Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3.Global Plastic Resins Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Plastic Resins Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Plastic Resins Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Polyethylene Terephthalate (PET), |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. High Density Polyethylene (HDPE), |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyvinyl chloride (PVC), |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Low Density Polyethylene (LDPE), |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Polypropylene (PP), |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Polystyrene (PS), |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Plastic Resins Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Packaging, |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Automotive, |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Construction, |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Electrical & Electronics, |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Consumer Goods, |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Furniture & Bedding, |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Plastic Resins Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Plastic Resins Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Polyethylene Terephthalate (PET), |
| 8.1.2.High Density Polyethylene (HDPE), |
| 8.1.3.Polyvinyl chloride (PVC), |
| 8.1.4.Low Density Polyethylene (LDPE), |
| 8.1.5.Polypropylene (PP), |
| 8.1.6.Polystyrene (PS), |
| 8.1.7.Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Packaging, |
| 8.2.2.Automotive, |
| 8.2.3.Construction, |
| 8.2.4.Electrical & Electronics, |
| 8.2.5.Consumer Goods, |
| 8.2.6.Furniture & Bedding, |
| 8.2.7.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Plastic Resins Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polyethylene Terephthalate (PET), |
| 9.1.2.High Density Polyethylene (HDPE), |
| 9.1.3.Polyvinyl chloride (PVC), |
| 9.1.4.Low Density Polyethylene (LDPE), |
| 9.1.5.Polypropylene (PP), |
| 9.1.6.Polystyrene (PS), |
| 9.1.7.Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Packaging, |
| 9.2.2.Automotive, |
| 9.2.3.Construction, |
| 9.2.4.Electrical & Electronics, |
| 9.2.5.Consumer Goods, |
| 9.2.6.Furniture & Bedding, |
| 9.2.7.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Plastic Resins Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polyethylene Terephthalate (PET), |
| 10.1.2.High Density Polyethylene (HDPE), |
| 10.1.3.Polyvinyl chloride (PVC), |
| 10.1.4.Low Density Polyethylene (LDPE), |
| 10.1.5.Polypropylene (PP), |
| 10.1.6.Polystyrene (PS), |
| 10.1.7.Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Packaging, |
| 10.2.2.Automotive, |
| 10.2.3.Construction, |
| 10.2.4.Electrical & Electronics, |
| 10.2.5.Consumer Goods, |
| 10.2.6.Furniture & Bedding, |
| 10.2.7.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Plastic Resins Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polyethylene Terephthalate (PET), |
| 11.1.2.High Density Polyethylene (HDPE), |
| 11.1.3.Polyvinyl chloride (PVC), |
| 11.1.4.Low Density Polyethylene (LDPE), |
| 11.1.5.Polypropylene (PP), |
| 11.1.6.Polystyrene (PS), |
| 11.1.7.Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Packaging, |
| 11.2.2.Automotive, |
| 11.2.3.Construction, |
| 11.2.4.Electrical & Electronics, |
| 11.2.5.Consumer Goods, |
| 11.2.6.Furniture & Bedding, |
| 11.2.7.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Plastic Resins Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polyethylene Terephthalate (PET), |
| 12.1.2.High Density Polyethylene (HDPE), |
| 12.1.3.Polyvinyl chloride (PVC), |
| 12.1.4.Low Density Polyethylene (LDPE), |
| 12.1.5.Polypropylene (PP), |
| 12.1.6.Polystyrene (PS), |
| 12.1.7.Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Packaging, |
| 12.2.2.Automotive, |
| 12.2.3.Construction, |
| 12.2.4.Electrical & Electronics, |
| 12.2.5.Consumer Goods, |
| 12.2.6.Furniture & Bedding, |
| 12.2.7.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Celanese Corporation |
| 13.2.2.Toray Industries, Inc. |
| 13.2.3.Dow Chemical |
| 13.2.4.DuPont |
| 13.2.5.SABIC |
| 13.2.6.Evonik Industries AG |
| 13.2.7.LyondellBasell |
| 13.2.8.Arkema S.A. |
| 13.2.9.Sumitomo Chemical Company |
| 13.2.10.Formosa Plastic Group |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Celanese Corporation
- Toray Industries, Inc.
- Dow Chemical
- DuPont
- SABIC
- Evonik Industries AG
- LyondellBasell
- Arkema S.A.
- Sumitomo Chemical Company
- Formosa Plastic Group