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.

Global Plastic Resins Market: By Product: Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Plastic Resins Market Outlook

The global plastic resins market stood at a value of around USD 613.4 billion in 2021. The market is further expected to grow at a CAGR of 2.0% in the forecast period of 2023-2028 to attain a value of nearly USD 826.0 billion by 2027.

 

Global Plastic Resins Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increased Demand for Polypropylene to Propel the Growth of the Global Plastic Resins Market

Based on the product, the polypropylene segment accounted for the largest market share in the plastic resins market for 2021. This can be attributed to the increased utilisation of polypropylene resins in the packaging of food and beverage products. As polypropylene resins are cost-effective, versatile, durable, and lightweight, their demand in various applications in major sectors, such as packaging, automotive, and consumer goods is surging, which is also estimated to significantly contribute to the market growth. Moreover, the increasing development of innovative polypropylene resins with improved properties by the leading companies is anticipated to provide lucrative growth opportunities to the overall market for plastic resins in the forecast period. 

 

The Asia Pacific to Possess a Considerable Market Share in the Global Plastic Resins Industry

The Asia Pacific is anticipated to occupy a significant share of the plastic resins industry in the forecast period. The growth of the market is likely to be driven by the rapid expansion of major end users of plastic resins in the region, especially China. The heightened production of plastic resins, and their increased usage across industry verticals such as packaging, and automotive, among others are anticipated to bolster the market growth in the forecast period. Moreover, the presence of leading manufacturers of plastic and its by-products is also anticipated to propel the industry growth in the region.

 

Plastic Resins: Market Segmentation

Plastic resins are the core of all plastic products. These resins are created by heating hydrocarbons through the cracking process, wherein the released ethylene or propylene monomers undergo polymerisation to create polymer resins. These monomers, under heavy pressure, are mixed with a catalyst to form plastic pellets, also known as resins. These resins are then added to any plastic moulding or baking process, which then makes numerous plastics products.

 

Global Plastic Resins Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

By product, the market is divided into:

  • Polyethylene Terephthalate (PET)
  • High Density Polyethylene (HDPE)
  • Polyvinyl Chloride (PVC)
  • Low Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Others

Based on application, the market can be categorised into:

  • Packaging 
  • Automotive 
  • Construction
  • Electrical and Electronics
  • Consumer Goods 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Plastic Resins Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Rising Demand for the Product across Various Industry Verticals to Bolster the Growth of the Global Plastic Resins Industry

The global plastic resins industry is being driven by the heightened demand for plastic resins in various industry verticals including construction, automotive, packaging, and consumer goods, among others. Meanwhile, the rising demand for plastics in the manufacturing industry for the production of electronic devices and appliances is expected to provide a boost to the overall market growth. Moreover, the thriving construction industry is also predicted to propel the demand for the product in the forecast period. In addition, the exponential demand for plastic resins in the production of exterior as well as interior of automobiles is predicted to bolster the market growth, which is fuelled by the rising disposable incomes and increased demand for passenger vehicles among consumers. In 2021, plastic resins witnessed a robust demand in the production of disposable surgical wear such as gloves, gowns, hair covers, and protective shoes, among others, as the rampant spread of COVID-19 led to the increased adoption of protective gears around the globe.

 

Key Industry Players in the Global Plastic Resins Market

The report gives a detailed analysis of the following key players in the global plastic resins market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Arkema S.A.
  • Celanese Corporation
  • DuPont de Nemours, Inc.
  • Evonik Industries AG
  • Formosa Plastics Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polyvinyl Chloride
(PVC), Low Density Polyethylene (LDPE), Polypropylene (PP), Polystyrene (PS), Others
Breakup by Application Packaging, Automotive, Construction, Electrical and Electronics, Consumer Goods, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Arkema S.A., Celanese Corporation, DuPont de Nemours, Inc., Evonik Industries AG, Formosa Plastics Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Plastic Resins Market Analysis

    8.1    Key Industry Highlights by Volume
    8.2    Key Industry Highlights by Value
    8.3    Global Plastic Resins Historical Market (2018-2022) 
    8.4    Global Plastic Resins Market Forecast (2023-2028)
    8.5    Global Plastic Resins Market by Product
        8.5.1    Polyethylene Terephthalate (PET)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    High Density Polyethylene (HDPE)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Polyvinyl Chloride (PVC)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Low Density Polyethylene (LDPE)
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Polypropylene (PP)
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Polystyrene (PS)
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global Plastic Resins Market by Application
        8.6.1    Packaging
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Automotive
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Construction
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Electrical and Electronics
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Consumer Goods
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Others
    8.7    Global Plastic Resins Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    South Africa
            9.5.3.4    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Price Analysis
    11.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
        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)
    11.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
        11.2.1    Polyethylene Terephthalate (PET)
        11.2.2    High Density Polyethylene (HDPE)
        11.2.3    Polyvinyl Chloride (PVC)
        11.2.4    Low Density Polyethylene (LDPE)
        11.2.5    Polypropylene (PP)
        11.2.6    Polystyrene (PS)
    11.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
        11.3.1    Polyethylene Terephthalate (PET)
        11.3.2    High Density Polyethylene (HDPE)
        11.3.3    Polyvinyl Chloride (PVC)
        11.3.4    Low Density Polyethylene (LDPE)
        11.3.5    Polypropylene (PP)
        11.3.6    Polystyrene (PS)
    11.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
        11.4.1    Polyethylene Terephthalate (PET)
        11.4.2    High Density Polyethylene (HDPE)
        11.4.3    Polyvinyl Chloride (PVC)
        11.4.4    Low Density Polyethylene (LDPE)
        11.4.5    Polypropylene (PP)
        11.4.6    Polystyrene (PS)
    11.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
        11.5.1    Polyethylene Terephthalate (PET)
        11.5.2    High Density Polyethylene (HDPE)
        11.5.3    Polyvinyl Chloride (PVC)
        11.5.4    Low Density Polyethylene (LDPE)
        11.5.5    Polypropylene (PP)
        11.5.6    Polystyrene (PS)
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Arkema S.A.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Celanese Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    DuPont de Nemours, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Evonik Industries AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Formosa Plastics Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Plastic Resins Market: Key Industry Highlights (MMT), 2018 and 2028
2.    Global Plastic Resins Market: Key Industry Highlights (USD Billion), 2018 and 2028
3.    Global Plastic Resins Historical Market: Breakup by Product (USD Billion), 2018-2022
4.    Global Plastic Resins Market Forecast: Breakup by Product (USD Billion), 2023-2028
5.    Global Plastic Resins Historical Market: Breakup by Application (USD Billion), 2018-2022
6.    Global Plastic Resins Market Forecast: Breakup by Application (USD Billion), 2023-2028
7.    Global Plastic Resins Historical Market: Breakup by Region (USD Billion), 2018-2022
8.    Global Plastic Resins Market Forecast: Breakup by Region (USD Billion), 2023-2028
9.    North America Plastic Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
10.    North America Plastic Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
11.    Europe Plastic Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
12.    Europe Plastic Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
13.    Asia Pacific Plastic Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
14.    Asia Pacific Plastic Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
15.    Latin America Plastic Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
16.    Latin America Plastic Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
17.    Middle East and Africa Plastic Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
18.    Middle East and Africa Plastic Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
19    North America Historical Price Trends and Forecast (2018-2028)
20    Europe Historical Price Trends and Forecast (2018-2028)
21    Asia Pacific Historical Price Trends and Forecast (2018-2028)
22    Latin America Historical Price Trends and Forecast (2018-2028)
23    Middle East and Africa Historical Price Trends and Forecast (2018-2028)
24.    Global Plastic Resins Market Structure

Key Questions Answered in the Report

In 2021, the global plastic resins market attained a value of nearly USD 613.4 billion.

The market is projected to grow at a CAGR of 2.0% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 826.0 billion by 2027.

The major drivers of the industry, such as the increased demand for plastics in the automotive and construction industry, rising demand for plastic resins in the manufacturing and packaging industry, heightened investments in the manufacturing sector, growing demand for plastic goods, and the rapid investments in the R&D of plastic resins manufacturing, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the rising demand for plastic resins across various industry verticals.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant products include polyethylene terephthalate (PET), high density polyethylene (HDPE), polyvinyl chloride (PVC), low density polyethylene (LDPE), polypropylene (PP), and polystyrene (PS), among others.

The significant applications include packaging, automotive, construction, electrical and electronics, and consumer goods, among others.

The major players in the industry are Arkema S.A., Celanese Corporation, DuPont de Nemours, Inc., Evonik Industries AG, and Formosa Plastics Corporation, among others.

Analyst Review

The global plastic resins market attained a value of USD 613.4 billion in 2021, driven by the increased demand for plastic resins across various end use industries. Aided by the heightened investments by the manufacturers  to increase their production capacities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.0%. The market is projected to reach a value of USD 826.0 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the industry can be segmented into polyethylene terephthalate (PET), high density polyethylene (HDPE), polyvinyl chloride (PVC), low density polyethylene (LDPE), polypropylene (PP), and polystyrene (PS), among others. Based on application, the market can be categorised into packaging, automotive, construction, electrical and electronics, and consumer goods, among others. The major regional markets for plastic resins are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arkema S.A., Celanese Corporation, DuPont de Nemours, Inc., Evonik Industries AG, and Formosa Plastics Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

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.

Right Methodology

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.

Right Price

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.

Right Support

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.

NEWSLETTER