Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global plastic resins industry is being driven by the steadily increasing demand for plastic resins across industry verticals. For instance, the growing demand for plastic resins in the development of automotive interiors as well as its multifaceted applications in the construction sector have significantly contributed to the market growth. In addition, the increased production of plastics is also predicted to supplement the market growth. This is supported by the growing demand for plastics in the consumer goods and other industries. Furthermore, the rising demand for plastic solutions in the packaging and manufacturing industry is anticipated to propel the market growth in the forecast years.
The growing focus of leading market players in the development of innovative plastic resins to ensure its versatile applications is anticipated to contribute to the market growth in the coming years. For instance, in September 2021, Celanese Corporation (NYSE: CE) announced the launch of its new Hostaform RF, a low permeation acetal copolymer designed for the application in marine fuel tanks, hydraulic reservoirs, and industrial bulk containers, among others. Furthermore, another leading vendor of plastic resins, Exxon Mobil Corporation (NYSE: XOM), in August 2021, announced the launch of new foamable grade polypropylene resins for high value applications in food and beverage packaging, industrial packaging, and automotive industry, among others. Such developments are expected to positively impact the growth of the plastic resins industry in the forecast period.
Market Breakup by Product, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global plastic resins market are Arkema S.A., Celanese Corporation, DuPont de Nemours, Inc., Evonik Industries AG, and Formosa Plastics Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.