Plastic Resins Market Size 2022-2030 By Key Players – SABIC, BASF SE, Dow Inc., Sumitomo Chemical, Evonik Industries, Arkema, Teijin Limited, Eastman Chemical Company, Celanese Corporation and Others

Plastic Resins Market Size 2022-2030, Market Share Analysis, Growth, Trends, and Covid 19 Outbreak Impact Research Report Added by Precedence Research.

The global plastic resins market size is projected to hit USD 1031.27 billion by 2030 and is anticipated to grow with a healthy CAGR of 1031.27% over the forecast period 2022-2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2022 to 2030.

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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.

Scope of the Plastic Resins Market

Growth Factors

Rising demand for lighter materials in the manufacturing process of automobiles significantly drives the market growth for the global plastic resins. Further, increasing demand for electric vehicles and autonomous vehicles has prominently increased the number of electronic components in the vehicle that in turn escalates the overall weight of the vehicle. Hence, lighter materials for automotive components helps in reducing and maintain the vehicle’s body size and weight ratio. Plastic resins are highly efficient in reducing the weight of the vehicle to a significant level. Poly-Vinyl Chloride (PVC), polypropylene, polyamide, Acrylonitrile Butadiene Styrene (ABS), and Polybutylene Terephthalate (PBT) are some of the frequently used plastic resins in the automotive industry.

Moreover, the introduction of bio-degradable plastics has revolutionized the plastic industry as almost all manufacturers are focused towards the manufacturing of bio-degradable plastics. Governments of various regions have also introduced stringent regulations for the use of bio-degradable plastics that again give advantage to the manufacturers in huge production of bio-degradable plastics.

Developed regions such as North America and Europe exhibit prominent growth in the packaged foods & beverages owing to sedentary lifestyle and food habits that spurs the market growth for plastic resins. In addition, stringent government regulations for safe usage of plastic materials especially in the food & beverage industry are likely to support the market growth during the upcoming years.

Report Highlights

• The Asia Pacific dominated the global plastics resins market in the year 2020 owing to highest plastics production concentrated in the region
• North America and Europe exhibit moderate growth during the forecast period because of stringent regulation imposed by the government on plastic usage
• Based on product, crystalline segment led the global plastic resins market and accounted for a market revenue of approximately 61% in the year 2020
• Engineering plastic product segment exhibit exponential growth over the analysis period because of its significant application in semiconductor packaging
• Packaging application captured the largest revenue share of more than 35% in the year 2020 owing to rising demand for packaged food & beverages
• Automotive application experienced accelerating growth during the upcoming time period because of increasing demand for light weight vehicles

Regional Snapshots

The Asia Pacific is the market leader in terms of revenue for the global plastic resins market in the year 2020 and predicted to retain its dominance during the forecast period. China is the front-runner in the Asia Pacific region accounting for the largest production capacity across the region as well as the world. The region captured nearly 51% of the total plastic production across the world with China accounting for 28% of the production share. The plastic production in the region anticipated to rise at a significant rate owing to strict government regulation towards the usage of plastics in the coming year.

On the contrary, North America and Europe witness moderate growth in the global plastic resins market owing to various regulatory policies framed by the government bodies such as Food & Drug Administration (FDA), Environmental Protection Agency (EPA) and many others. These bodies restrict the growth of plastics and their related products in order to protect the environment from being more degraded. Although, these bodies encourage manufacturers to increase their focus towards the production of bio-degradable products.

Competitive Intelligence

The plastic resins market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.

Some of the key players in the global plastic resins market include:

• 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
• Mitsui & Co. Plastics Ltd.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Precedence Research has segmented the global Plastic Resins Market report on the basis of product, application, and region:

By Product Outlook

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

By Application Outlook

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

By Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France

Asia Pacific

• China
• India
• Japan
• South Korea

Rest of the World

TABLE OF CONTENT

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

Chapter 5. Market Dynamics Analysis and Trends

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, 2021-2030

7.1.1. Crystalline

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Engineering Plastic

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Non-crystalline

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Super Engineering Plastic

7.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Plastic Resins Market, By Application

8.1. Plastic Resins Market, by Application, 2021-2030

8.1.1. Electronics & Electrical

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Automotive

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Packaging

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Construction

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Textiles & Clothing

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Agriculture

8.1.6.1. Market Revenue and Forecast (2017-2030)

8.1.7. Consumer Goods

8.1.7.1. Market Revenue and Forecast (2017-2030)

8.1.8. Medical Devices

8.1.8.1. Market Revenue and Forecast (2017-2030)

8.1.9. Furniture & Bedding

8.1.9.1. Market Revenue and Forecast (2017-2030)

8.1.10. Others

8.1.10.1. Market Revenue and Forecast (2017-2030)

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

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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