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Plastic Resins Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

Market Report I 2025-07-28 I 151 Pages I EMR Inc.

The global plastic resins market stood at a value of around USD 638.18 Billion in 2024 . The market is further expected to grow at a CAGR of 2.00 % in the forecast period of 2025-2034 to attain a value of nearly USD 777.94 Billion by 2034.

Plastic Resins Market Growth

Based on the product, the polypropylene segment accounted for the largest market sharein the plastic resins market for 2021. This can be attributed to the increased utilisation of polypropylene resinsin 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 ofinnovative 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 Industry 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.

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

Market Breakup by Region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

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.

Plastic Resins MarketReport Snapshots

Plastic ResinsCompanies

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Plastic Resins Market Analysis
5.1 Key Industry Highlights by Volume
5.2 Key Industry Highlights by Value
5.3 Global Plastic Resins Historical Market (2018-2024)
5.4 Global Plastic Resins Market Forecast (2025-2034)
5.5 Global Plastic Resins Market by Product
5.5.1 Polyethylene Terephthalate (PET)
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 High Density Polyethylene (HDPE)
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 Polyvinyl Chloride (PVC)
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 Low Density Polyethylene (LDPE)
5.5.4.1 Historical Trend (2018-2024)
5.5.4.2 Forecast Trend (2025-2034)
5.5.5 Polypropylene (PP)
5.5.5.1 Historical Trend (2018-2024)
5.5.5.2 Forecast Trend (2025-2034)
5.5.6 Polystyrene (PS)
5.5.6.1 Historical Trend (2018-2024)
5.5.6.2 Forecast Trend (2025-2034)
5.5.7 Others
5.6 Global Plastic Resins Market by Application
5.6.1 Packaging
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Automotive
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Construction
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Electrical and Electronics
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Consumer Goods
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
5.6.6 Others
5.7 Global Plastic Resins Market by Region
5.7.1 North America
5.7.1.1 Europe
5.7.1.2 Asia Pacific
5.7.1.3 Latin America
5.7.1.4 Middle East and Africa
6 Regional Analysis
6.1 North America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.1.3 Breakup by Country
6.1.3.1 United States of America
6.1.3.2 Canada
6.2 Europe
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
6.2.3 Breakup by Country
6.2.3.1 United Kingdom
6.2.3.2 Germany
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Others
6.3 Asia Pacific
6.3.1 Historical Trend (2018-2024)
6.3.2 Forecast Trend (2025-2034)
6.3.3 Breakup by Country
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 ASEAN
6.3.3.5 Australia
6.3.3.6 Others
6.4 Latin America
6.4.1 Historical Trend (2018-2024)
6.4.2 Forecast Trend (2025-2034)
6.4.3 Breakup by Country
6.4.3.1 Brazil
6.4.3.2 Argentina
6.4.3.3 Mexico
6.4.3.4 Others
6.5 Middle East and Africa
6.5.1 Historical Trend (2018-2024)
6.5.2 Forecast Trend (2025-2034)
6.5.3 Breakup by Country
6.5.3.1 Saudi Arabia
6.5.3.2 United Arab Emirates
6.5.3.3 South Africa
6.5.3.4 Others
7 Market Dynamics
7.1 SWOT Analysis
7.1.1 Strengths
7.1.2 Weaknesses
7.1.3 Opportunities
7.1.4 Threats
7.2 Porter's Five Forces Analysis
7.2.1 Supplier's Power
7.2.2 Buyer's Power
7.2.3 Threat of New Entrants
7.2.4 Degree of Rivalry
7.2.5 Threat of Substitutes
7.3 Key Indicators for Demand
7.4 Key Indicators for Price
8 Price Analysis
8.1 North America Historical Price Trends (2018-2024) and Forecast (2025-2034)
8.1.1 Polyethylene Terephthalate (PET)
8.1.2 High Density Polyethylene (HDPE)
8.1.3 Polyvinyl Chloride (PVC)
8.1.4 Low Density Polyethylene (LDPE)
8.1.5 Polypropylene (PP)
8.1.6 Polystyrene (PS)
8.2 Europe Historical Price Trends (2018-2024) and Forecast (2025-2034)
8.2.1 Polyethylene Terephthalate (PET)
8.2.2 High Density Polyethylene (HDPE)
8.2.3 Polyvinyl Chloride (PVC)
8.2.4 Low Density Polyethylene (LDPE)
8.2.5 Polypropylene (PP)
8.2.6 Polystyrene (PS)
8.3 Asia Pacific Historical Price Trends (2018-2024) and Forecast (2025-2034)
8.3.1 Polyethylene Terephthalate (PET)
8.3.2 High Density Polyethylene (HDPE)
8.3.3 Polyvinyl Chloride (PVC)
8.3.4 Low Density Polyethylene (LDPE)
8.3.5 Polypropylene (PP)
8.3.6 Polystyrene (PS)
8.4 Latin America Historical Price Trends (2018-2024) and Forecast (2025-2034)
8.4.1 Polyethylene Terephthalate (PET)
8.4.2 High Density Polyethylene (HDPE)
8.4.3 Polyvinyl Chloride (PVC)
8.4.4 Low Density Polyethylene (LDPE)
8.4.5 Polypropylene (PP)
8.4.6 Polystyrene (PS)
8.5 Middle East and Africa Historical Price Trends (2018-2024) and Forecast (2025-2034)
8.5.1 Polyethylene Terephthalate (PET)
8.5.2 High Density Polyethylene (HDPE)
8.5.3 Polyvinyl Chloride (PVC)
8.5.4 Low Density Polyethylene (LDPE)
8.5.5 Polypropylene (PP)
8.5.6 Polystyrene (PS)
9 Procurement Insights
9.1 Contract Terms
9.2 Cost Structure
9.2.1 Raw Material
9.2.2 Utility
9.2.3 Labour Cost
9.2.4 Fixed Cost
9.3 Pricing Model
9.4 Vendor Selection Criteria
9.5 Supplier and Buyer Power at Regional Level
9.5.1 Demand
9.5.2 Supply
9.5.3 Raw Material/Feedstock Availability
9.5.4 Supplier Power
9.5.5 Buyer Power
9.6 Procurement Strategy: Best Practices
10 Competitive Landscape
10.1 Supplier Selection
10.2 Key Global Players
10.3 Key Regional Players
10.4 Key Player Strategies
10.5 Company Profiles
10.5.1 Arkema S.A.
10.5.1.1 Company Overview
10.5.1.2 Product Portfolio
10.5.1.3 Demographic Reach and Achievements
10.5.1.4 Certifications
10.5.2 Celanese Corporation
10.5.2.1 Company Overview
10.5.2.2 Product Portfolio
10.5.2.3 Demographic Reach and Achievements
10.5.2.4 Certifications
10.5.3 DuPont de Nemours, Inc.
10.5.3.1 Company Overview
10.5.3.2 Product Portfolio
10.5.3.3 Demographic Reach and Achievements
10.5.3.4 Certifications
10.5.4 Evonik Industries AG
10.5.4.1 Company Overview
10.5.4.2 Product Portfolio
10.5.4.3 Demographic Reach and Achievements
10.5.4.4 Certifications
10.5.5 Formosa Plastics Corporation
10.5.5.1 Company Overview
10.5.5.2 Product Portfolio
10.5.5.3 Demographic Reach and Achievements
10.5.5.4 Certifications
10.5.6 Others

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