List of Contents

Plastic Resins Market Size, Share, and Trends 2024 to 2034

The global plastic resins market size was USD 708.56 billion in 2023, calculated at USD 741.86 billion in 2024 and is expected to reach around USD 1,174.33 billion by 2034, expanding at a CAGR of 4.7% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 1264
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Plastic Resins Market, By Product

7.1. Plastic Resins Market, by Product Type, 2024-2034

7.1.1. Crystalline                                                            

7.1.1.1. Market Revenue and Forecast (2021-2034)

7.1.2. Engineering Plastic

7.1.2.1. Market Revenue and Forecast (2021-2034)

7.1.3. Non-crystalline

7.1.3.1. Market Revenue and Forecast (2021-2034)

7.1.4. Super Engineering Plastic

7.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 8. Global Plastic Resins Market, By Application

8.1. Plastic Resins Market, by Application, 2024-2034

8.1.1. Electronics & Electrical

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Automotive

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Packaging

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Construction

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Textiles & Clothing

8.1.5.1. Market Revenue and Forecast (2021-2034)

8.1.6. Agriculture

8.1.6.1. Market Revenue and Forecast (2021-2034)

8.1.7. Consumer Goods

8.1.7.1. Market Revenue and Forecast (2021-2034)

8.1.8. Medical Devices

8.1.8.1. Market Revenue and Forecast (2021-2034)

8.1.9. Furniture & Bedding

8.1.9.1. Market Revenue and Forecast (2021-2034)

8.1.10. Others

8.1.10.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Plastic Resins Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2021-2034)

9.1.2. Market Revenue and Forecast, by Application (2021-2034)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.1.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.1.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.6.2. Market Revenue and Forecast, by Application (2021-2034)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.6.2. Market Revenue and Forecast, by Application (2021-2034)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.6.2. Market Revenue and Forecast, by Application (2021-2034)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.5.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.5.4.2. Market Revenue and Forecast, by Application (2021-2034)

Chapter 10. Company Profiles

10.1. BASF SE

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. SABIC

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Dow Inc.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Sumitomo Chemical

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Evonik Industries

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Arkema

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Teijin Limited

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Eastman Chemical Company

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Celanese Corporation

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Chevron Phillips Chemical Co., LLC

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

10.11. Exxon Mobil Corporation

10.11.1. Company Overview

10.11.2. Product Offerings

10.11.3. Financial Performance

10.11.4. Recent Initiatives

10.12. Lotte Chemical Corporation

10.12.1. Company Overview

10.12.2. Product Offerings

10.12.3. Financial Performance

10.12.4. Recent Initiatives

10.13. Formosa Plastics Corporation

10.13.1. Company Overview

10.13.2. Product Offerings

10.13.3. Financial Performance

10.13.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Frequently Asked Questions

The global plastic resins market size was reached at USD 708.56 billion in 2023 and is anticipated to hit over USD 1,174.33 billion by 2034, expanding growth at a CAGR of 4.7% from 2024 to 2034.

Increasing demand from the industries such as automotive, construction, electrical & electronics is the key factor that drives the market growth for plastic resins market. Plastic resins are frequently used in the automotive industry for the applications that include under-the-hood components, interiors, and exteriors of automobiles. Further along with inexpensive multi-utility models of vehicles are likely to propel the demand for plastic resins in the automotive industry.

The crystalline resin product segment held majority of revenue share of approximately 60% in the year 2023 and estimated to maintain its dominance over the forecast period.

Based on application, packaging industry emerged as the market leader in terms of revenue and accounted for more than 35% revenue share in the year 2023 and expected to witness a steady growth during the forecast period.

The Asia Pacific is the front-runner in the global plastic resins market and accounted for nearly 45% of the revenue share in the year 2023.

Plastic resins refer to a diverse class of polymers that consist of wide range of synthetic and semi-synthetic compounds that are malleable and can be molded into solid product of different shapes. Basic structure of different plastic resins is decided by the chain formulation process from monomer units by chemical reactions. Different properties of plastic polymers are decided by the chain structure of the carbon-hydrogen bond.

Some of the key players in the global plastic resins market are SABIC, BASF SE, Dow Inc., Sumitomo Chemical, Evonik Industries, Arkema, Teijin Limited, Eastman Chemical Company, Celanese Corporation, Chevron Phillips Chemical Co. LLC, Exxon Mobil Corporation, Lotte Chemical Corporation, Formosa Plastics Corporation, Toray Industries Inc., Covestro AG, and Mitsui & Co. Plastics Ltd. among others.

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