Market Overview:
The global plastic resins market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastics from various end-use industries, such as packaging, building materials, automobiles, furniture, toys and others. In terms of volume, HDPE is expected to dominate the global plastic resins market during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of value and volume during the forecast period.
Product Definition:
A plastic resin is a synthetic polymer made from monomers that are typically derived from petrochemicals. The term "plastic resin" usually refers to the raw, unprocessed material, while "thermoplastic" refers to plastics that can be heated and molded into new shapes, and "thermoset" refers to those that can only be shaped once (they harden after molding). Plastics are often divided into two categories based on their chemical structure: thermoplastics and thermosets. Thermoplastics can be melted down and re-shaped multiple times, while thermosets cannot.
High Density Polyethylene (HDPE):
High-Density Polyethylene (HDPE) is a widely used thermoplastic resin in the plastic resins market. It has been gaining importance on account of its properties such as high strength, stiffness, and impact resistance along with low cost and easy availability. The global demand for HDPE was 1,12,869 kilo tons in 2014 which is expected to grow at a CAGR of XX% from 2015 to 2022.
Low Density Polyethylene (LDPE):
LDPE is a low-density polyethylene resin that offers excellent toughness and tensile strength. It is widely used in the production of films, bottles, containers, toys & games components as well as flexible packaging applications. LDPE resins are also utilized to manufacture rigid plastic products such as milk cartons and detergent trays.
The global LDPE market size was valued at USD 4.5 billion in 2015.
Application Insights:
The packaging application segment led the global plastic resins market in 2017 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for corrugated boxes, flexible packaging, and recycled plastics in various applications across the globe.
Building materials was another major application sector of the global industry. Plastic resin composites are widely used for manufacturing roofing systems, cladding systems & wall panels owing to their lightweight properties and low cost compared with traditional building materials such as steel and concrete. Rising urbanization projects in emerging economies such as China India have further driven demand from this end-use industry over recent years.
Regional Analysis:
Asia Pacific was the leading revenue contributor in the global market and accounted for over 45% of total market volume in 2016. The region is also anticipated to be the fastest-growing regional segment over the forecast period owing to rapid industrialization, improving economic conditions, and increasing foreign investments.
The plastic resins industry has witnessed significant growth due to its application in various sectors such as packaging, automotive & transportation equipment, construction materials, and others. The Asia Pacific economy is characterized by a high population growth rate coupled with an increasing number of disposable income individuals which are expected to drive product demand across major end-use industries including electrical & electronics; consumer goods; building & construction materials; apparel etc.
Europe emerged as a prominent consumer for plastic resins across globe on account of presence of well-established automobile manufacturing hubs such as Germany France Italy Belgium Spain Netherlands U.K.
Growth Factors:
- Increasing demand from end-use industries such as packaging, construction, automotive and electrical & electronics
- Rising awareness about the benefits of plastic resins over traditional materials in various applications
- Technological advancements in manufacturing processes that lead to improved product quality and reduced production costs
- Growing demand for lightweight and durable plastics in transportation sector
- Stringent environmental regulations encouraging the use of recyclable plastics
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Resins Market Research Report
By Type
High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyethylene Terephthalate (PET, PETE), Polypropylene (PP), Polystyrene, Polyvinyl Chloride (PVC, Vinyl), Others
By Application
Packaging, Building Materials, Automobiles, Furniture, Toys, Others
By Companies
Dow, Lyondell Basell, Exxon Mobil, SABIC, INEOS, BASF, ENI, LG Chem, Chevron Phillips, Lanxess
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Resins Market Report Segments:
The global Plastic Resins market is segmented on the basis of:
Types
High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyethylene Terephthalate (PET, PETE), Polypropylene (PP), Polystyrene, Polyvinyl Chloride (PVC, Vinyl), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Building Materials, Automobiles, Furniture, Toys, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dow
- Lyondell Basell
- Exxon Mobil
- SABIC
- INEOS
- BASF
- ENI
- LG Chem
- Chevron Phillips
- Lanxess
Highlights of The Plastic Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Polyethylene Terephthalate (PET, PETE)
- Polypropylene (PP)
- Polystyrene
- Polyvinyl Chloride (PVC, Vinyl)
- Others
- By Application:
- Packaging
- Building Materials
- Automobiles
- Furniture
- Toys
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic resins are a type of synthetic resin that is made from petroleum. They are used to make products such as plastic bags, bottles, and other items.
Some of the major companies in the plastic resins market are Dow, Lyondell Basell, Exxon Mobil, SABIC, INEOS, BASF, ENI, LG Chem, Chevron Phillips, Lanxess.
The plastic resins market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Resins Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Resins Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Resins Market - Supply Chain
4.5. Global Plastic Resins Market Forecast
4.5.1. Plastic Resins Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Resins Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Resins Market Absolute $ Opportunity
5. Global Plastic Resins Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Resins Market Size and Volume Forecast by Type
5.3.1. High Density Polyethylene (HDPE)
5.3.2. Low Density Polyethylene (LDPE)
5.3.3. Polyethylene Terephthalate (PET, PETE)
5.3.4. Polypropylene (PP)
5.3.5. Polystyrene
5.3.6. Polyvinyl Chloride (PVC, Vinyl)
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Resins Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Resins Market Size and Volume Forecast by Application
6.3.1. Packaging
6.3.2. Building Materials
6.3.3. Automobiles
6.3.4. Furniture
6.3.5. Toys
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Resins Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Resins Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Resins Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Resins Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Resins Demand Share Forecast, 2019-2026
9. North America Plastic Resins Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Resins Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Resins Market Size and Volume Forecast by Application
9.4.1. Packaging
9.4.2. Building Materials
9.4.3. Automobiles
9.4.4. Furniture
9.4.5. Toys
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Resins Market Size and Volume Forecast by Type
9.7.1. High Density Polyethylene (HDPE)
9.7.2. Low Density Polyethylene (LDPE)
9.7.3. Polyethylene Terephthalate (PET, PETE)
9.7.4. Polypropylene (PP)
9.7.5. Polystyrene
9.7.6. Polyvinyl Chloride (PVC, Vinyl)
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Resins Demand Share Forecast, 2019-2026
10. Latin America Plastic Resins Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Resins Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Resins Market Size and Volume Forecast by Application
10.4.1. Packaging
10.4.2. Building Materials
10.4.3. Automobiles
10.4.4. Furniture
10.4.5. Toys
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Resins Market Size and Volume Forecast by Type
10.7.1. High Density Polyethylene (HDPE)
10.7.2. Low Density Polyethylene (LDPE)
10.7.3. Polyethylene Terephthalate (PET, PETE)
10.7.4. Polypropylene (PP)
10.7.5. Polystyrene
10.7.6. Polyvinyl Chloride (PVC, Vinyl)
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Resins Demand Share Forecast, 2019-2026
11. Europe Plastic Resins Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Resins Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Resins Market Size and Volume Forecast by Application
11.4.1. Packaging
11.4.2. Building Materials
11.4.3. Automobiles
11.4.4. Furniture
11.4.5. Toys
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Resins Market Size and Volume Forecast by Type
11.7.1. High Density Polyethylene (HDPE)
11.7.2. Low Density Polyethylene (LDPE)
11.7.3. Polyethylene Terephthalate (PET, PETE)
11.7.4. Polypropylene (PP)
11.7.5. Polystyrene
11.7.6. Polyvinyl Chloride (PVC, Vinyl)
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Resins Demand Share, 2019-2026
12. Asia Pacific Plastic Resins Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Resins Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Resins Market Size and Volume Forecast by Application
12.4.1. Packaging
12.4.2. Building Materials
12.4.3. Automobiles
12.4.4. Furniture
12.4.5. Toys
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Resins Market Size and Volume Forecast by Type
12.7.1. High Density Polyethylene (HDPE)
12.7.2. Low Density Polyethylene (LDPE)
12.7.3. Polyethylene Terephthalate (PET, PETE)
12.7.4. Polypropylene (PP)
12.7.5. Polystyrene
12.7.6. Polyvinyl Chloride (PVC, Vinyl)
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Resins Demand Share, 2019-2026
13. Middle East & Africa Plastic Resins Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Resins Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Resins Market Size and Volume Forecast by Application
13.4.1. Packaging
13.4.2. Building Materials
13.4.3. Automobiles
13.4.4. Furniture
13.4.5. Toys
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Resins Market Size and Volume Forecast by Type
13.7.1. High Density Polyethylene (HDPE)
13.7.2. Low Density Polyethylene (LDPE)
13.7.3. Polyethylene Terephthalate (PET, PETE)
13.7.4. Polypropylene (PP)
13.7.5. Polystyrene
13.7.6. Polyvinyl Chloride (PVC, Vinyl)
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Resins Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic Resins Market: Market Share Analysis
14.2. Plastic Resins Distributors and Customers
14.3. Plastic Resins Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dow
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lyondell Basell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exxon Mobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SABIC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. INEOS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ENI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG Chem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chevron Phillips
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lanxess
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
