Global Plastic Resins Market Report Based On Product, Application, And Region

 Plastic Resins Industry Overview

The global plastic resins market size was estimated at USD 731.25 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Rising product demand from the construction, automotive, and electrical & electronics sectors is the key factor driving the market growth. The rapidly developing global automotive industry is expected to trigger the product demand in applications such as under-the-hood components, exteriors, and interiors of automobiles. The increasing application of resins in the automotive industry is spurred by the demand for lightweight and inexpensive multi-utility vehicle models with high fuel efficiency and an emphasis on aesthetics and comfort.

The product consumption is also expected to increase in the healthcare sector owing to the growing production of Personal Protective Equipment (PPE), such as face masks, face shields, medical gowns, and various medical devices, due to the rising cases of COVID-19 across the globe. Increasing spending in the construction sector by various governments, especially in India and China, is expected to push the product demand in infrastructure and construction applications.

 

Gather more insights about the market drivers, restrains and growth of the Global Plastic Resins market

 

In 2021, the Asia Pacific region emerged as one of the fastest-growing construction markets. China, Japan, Indonesia, and Australia are among the prominent countries where the construction market is expected to witness significant growth over the forecast period.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Automotive Plastics Market - The global automotive plastics market size was valued at USD 28.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. Globally, recovery in the automotive sector, improved vehicle design capabilities, and increasing focus on vehicle weight reduction and emission control are the key factors boosting the growth of the market for automotive plastics.

 

  • Injection Molded Plastics Market - The global injection molded plastics market size was valued at USD 284.7 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 4.2% during the forecast period. The growing demand for plastic components from various end-use industries including automotive, packaging, home appliances, electrical & electronics, and medical devices is anticipated to drive the market.

 

Plastic Resins Market Segmentation

Grand View Research has segmented the global plastic resins market report based on product, application, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Crystalline Resin
    • Epoxy
    • Polyethylene
    • Polypropylene
  • Non-crystalline Resin
    • Polyvinyl Chloride (PVC)
    • Polystyrene (PS)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Polymethyl Methacrylate (PMMA)
  • Engineering Plastic
    • Nylon
    • Polybutylene Terephthalate (PBT)
    • Polycarbonate (PC)
    • Polyamide
  • Super Engineering Plastic
    • Polyphenylene Sulfide (PPS)
    • Polyether Ether Ketone (PEEK)
    • Liquid Crystal Polymer (LCP)

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Packaging
    • Food
    • Beverage
    • Medical
    • Retail
    • Others
  • Automotive
  • Construction
  • Electrical & Electronics
    • OA Equipment and Home Appliances
    • Electronic Materials
    • Others
  • Logistics
  • Consumer Goods
  • Textiles & Clothing
    • Clothing
    • Industrial use
    • Others
  • Furniture & Bedding
  • Agriculture
  • Medical Devices
  • Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa


Key Companies profiled:

Some prominent players in the global plastic resins market include:

  • 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.
  • Teijin Ltd.

 

Order a free sample PDF of the Plastic Resins Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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