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Plastic Material And Resins Global Market Report 2025
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Plastic materials are the final products synthetically produced from polymers, while resin is an unprocessed plastic obtained from plant exudates. This category encompasses both vulcanizable thermoplastic elastomers and various synthetic resins, both customized and non-customized.

The primary types of plastic materials and resins include polypropylene, high-density polyethylene, polyvinyl chloride, polyethylene terephthalate, polyurethane, low-density polyethylene, polystyrene, and other varieties. Polyvinyl chloride, for instance, is a thermoplastic composed of 57% chlorine sourced from common salt and 43% carbon derived from ethylene obtained from hydrocarbon feedstocks, sugar crops, crude oil, and natural gas. Its applications span across packaging, housewares, bags, sheets, bottles, fibers, tapes, films, medical materials, and various other uses. The end-user industries encompass the chemical industry, coating and printing industry, electronics industry, food and pharmaceutical industry, and other sectors.

The plastic materials and resins market research report is one of a series of new reports from The Business Research Company that provides plastic materials and resins market statistics, including plastic materials and resins industry global market size, regional shares, competitors with a plastic materials and resins market share, detailed plastic materials and resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic materials and resins industry. This plastic materials and resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plastic material and resins market size has grown rapidly in recent years. It will grow from $1007.98 billion in 2024 to $1128.84 billion in 2025 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased demand for industrial packaging products, growth of motor vehicles, and growth in the construction industry.

The plastic material and resins market size is expected to see rapid growth in the next few years. It will grow to $1693.99 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to new developments in packaging will drive the growth in the plastic material and resins market. Major trends in the forecast period include new technological developments in the manufacturing process and trying to develop products with improved attributes and new characteristics, focusing on the research and development of new materials that are environmentally friendly and also have widespread use, investing in automation and robotics in factories to increase productivity, using recycled plastic products as raw materials to reduce their carbon footprint, and focusing on collaborating with technology-based companies and research organizations in development activities of advanced polymers.

The plastic material and resin market are expected to experience growth driven by new developments in the packaging industry, including technologies such as CO2RE foaming, integration of big data and the Internet of Things (IoT). The market is set to benefit from convenience-driven features such as resealable packs, easy-opening mechanisms, stand-up pouches, and smaller pack sizes for single-servings. Additionally, the introduction of more promotional packs and brand extensions aims to ensure customer loyalty. The recent emergence of biodegradable plastics, capable of naturally degrading through microorganisms such as bacteria, algae, and fungi, is also gaining popularity. These advancements in packaging are anticipated to boost plastic consumption, contributing to the overall growth of the market.

The rising demand for electric vehicles (EVs) is projected to drive the growth of the plastic material and resin market in the coming years. Electric vehicles are defined as vehicles propelled by an electric motor that draws power from a battery and can be charged externally. The increasing demand for EVs has led to a heightened need for lightweight and durable plastic materials and resins in various automotive components, such as battery enclosures, interior parts, and lightweight structural elements, thus boosting the plastic material and resin market within the automotive industry. For example, a report from the International Council on Clean Transportation, a US-based non-profit organization, indicated in January 2024 that since the third quarter of 2021, quarterly EV sales have consistently increased, with their share of total light-duty vehicle sales rising from around 3% in the first quarter of 2021 to over 10% by the third quarter of 2023. Florida had the second-highest sales, followed by Texas. Therefore, the growing demand for electric vehicles is driving the expansion of the plastic material and resin market.

The quest for novel characteristics in plastic materials and advancements in manufacturing processes has given rise to the development of various high-performance plastics. One notable example is smart polymers, materials capable of adapting based on external environmental stimuli, achieved through a combination of nanotechnology and plastic engineering. These products exhibit qualities such as high electrical conductivity, dimensional stability, flame retardancy, as well as resistance to scratches, dents, and heat. The swift acceptance of these new high-performance plastics is evident, and they find applications across diverse sectors including medical, electronics, food packaging, automotive, and aerospace. Notable developments in plastic materials encompass innovations such as plastics derived from potatoes and virgin PET sourced from discarded textile fabric and waste bottles.

Prominent companies in the plastic material and resin markets are actively dedicated to developing innovative products to maintain their market positions. An example is the focus on seaweed resin, recognized for its biodegradable and sustainable attributes, derived from seaweed extracts as an eco-friendly alternative to traditional petroleum-based plastics and resins. For instance, in May 2023, Loliware Inc., a US-based materials science company, introduced the latest seaweed resin designed for injection molding. These ocean-safe seaweed resins are engineered to seamlessly undergo processing using existing plastic manufacturing machinery. This new biomaterial is set to power the company's inaugural seaweed utensil set, manufactured using standard plastic injection molding equipment.

Major companies operating in the plastic material and resins market include LyondellBasell Industries Holdings BV, Total SE, Ineos AG, Lotte Chemical Corporation, BASF SE, Covestro AG, Formosa Plastics Corp., Huntsman International LLC, Westlake Chemical Corp, Dow, Nolato, Sintex Industries Ltd (India), Abu Dhabi National Oil Company (Adnoc), Zamil Plastic Industries Ltd, Sealed Air Corp., Silgan Holdings Inc., Northern Vinyl Supplies, Australian Vinyls Corporation (Australia), Plastral (Australia), Dagu Chemical Co. Ltd., China Petrochemical Corporation, ENPI Group, SPREA MISR, Sumitomo Chemical Company Limited (China), Yabang Investment Holding Group Co. Ltd., Zhenjiang Chimei Chemical Co. Ltd., Sanmu Group, DuPont, Cosmoplast, Exxon Mobil, Sunstar Engineering Italy S.R.L., Shanghai Huayi (Group), Ncs Resins (Pty) Ltd, Are Plastocure cc, Celanese Corp., Jain Irrigation Systems Ltd (India), Soltex Group, Braskem, Horizon Plastics International, Qatar Petrochemical Company, Kkalpana Industries India Ltd, Chevron Phillips, Formulated Resins Ltd, Flowcrete South Africa, Glezco Plasticos, Plastic OJSC, Rosti Poland Sp., BUFA Composite Systems, VIP Industries Ltd, Solvay S.A., Graham Packaging Company, China National Petroleum Corporation, GAP Polymers, Black Horse Plastic Products, Sonoco Products Company, Bemis Company, Sichuan Jinlu Group Co. Ltd., LG Chemical, INEOS Group, SA de CV, TCR Plastics, Berry Global Group Inc., Matsui Technologies India Ltd, RESITEC PRODUCTION SA, Osterman's Latin American Polymers, POLYNT SPA, Amcor Plc, Xinghua Xinfeng Plastic Co. Ltd., Johannes H. Andress GMBH & CO. KG, Brovary Plastic Plant, Eastman Chemical Company, Geeta Plastic Products, Advanced Polymer Trading FZC (APT), Arabian Plastic Industrial Company Limited, Saudi Aramco, HEKRO PET, PolyOne Corporation, Reliance Industries Ltd, Borealis Group

Asia-Pacific was the largest region in the plastic material and resins market in 2024. North America was the second-largest region in the plastic material and resins market. The regions covered in the plastic material and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the plastic material and resins market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The plastic materials and resins market consists of the sales of ryton & kynar, acrylic or polymethyl methacrylate, polycarbonate, and acrylonitrile-butadiene-styrene plastic materials and resins. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Plastic Material And Resins Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on plastic material and resins market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for plastic material and resins ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plastic material and resins market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. Plastic Material And Resins Market Characteristics

3. Plastic Material And Resins Market Trends And Strategies

4. Plastic Material And Resins Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Plastic Material And Resins Growth Analysis And Strategic Analysis Framework

6. Plastic Material And Resins Market Segmentation

7. Plastic Material And Resins Market Regional And Country Analysis

8. Asia-Pacific Plastic Material And Resins Market

9. China Plastic Material And Resins Market

10. India Plastic Material And Resins Market

11. Japan Plastic Material And Resins Market

12. Australia Plastic Material And Resins Market

13. Indonesia Plastic Material And Resins Market

14. South Korea Plastic Material And Resins Market

15. Bangladesh Plastic Material And Resins Market

16. Thailand Plastic Material And Resins Market

17. Vietnam Plastic Material And Resins Market

18. Malaysia Plastic Material And Resins Market

19. Singapore Plastic Material And Resins Market

20. Philippines Plastic Material And Resins Market

21. Hong Kong Plastic Material And Resins Market

22. New Zealand Plastic Material And Resins Market

23. Western Europe Plastic Material And Resins Market

24. UK Plastic Material And Resins Market

25. Germany Plastic Material And Resins Market

26. France Plastic Material And Resins Market

27. Italy Plastic Material And Resins Market

28. Spain Plastic Material And Resins Market

29. Spain Plastic Material And Resins Market

30. Austria Plastic Material And Resins Market

31. Belgium Plastic Material And Resins Market

32. Denmark Plastic Material And Resins Market

33. Finland Plastic Material And Resins Market

34. Ireland Plastic Material And Resins Market

35. Netherlands Plastic Material And Resins Market

36. Norway Plastic Material And Resins Market

37. Portugal Plastic Material And Resins Market

38. Sweden Plastic Material And Resins Market

39. Switzerland Plastic Material And Resins Market

40. Eastern Europe Plastic Material And Resins Market

41. Russia Plastic Material And Resins Market

42. Czech Republic Plastic Material And Resins Market

43. Poland Plastic Material And Resins Market

44. Romania Plastic Material And Resins Market

45. Ukraine Plastic Material And Resins Market

46. North America Plastic Material And Resins Market

47. USA Plastic Material And Resins Market

48. Canada Plastic Material And Resins Market

50. South America Plastic Material And Resins Market

51. Brazil Plastic Material And Resins Market

52. Chile Plastic Material And Resins Market

53. Argentina Plastic Material And Resins Market

54. Colombia Plastic Material And Resins Market

55. Peru Plastic Material And Resins Market

56. Middle East Plastic Material And Resins Market

57. Saudi Arabia Plastic Material And Resins Market

58. Israel Plastic Material And Resins Market

59. Iran Plastic Material And Resins Market

60. Turkey Plastic Material And Resins Market

61. United Arab Emirates Plastic Material And Resins Market

62. Africa Plastic Material And Resins Market

63. Egypt Plastic Material And Resins Market

64. Nigeria Plastic Material And Resins Market

65. South Africa Plastic Material And Resins Market

66. Plastic Material And Resins Market Competitive Landscape And Company Profiles

67. Plastic Material And Resins Market Other Major And Innovative Companies

68. Global Plastic Material And Resins Market Competitive Benchmarking And Dashboard

69. Key Mergers And Acquisitions In The Plastic Material And Resins Market

70. Recent Developments In The Plastic Material And Resins Market

71. Plastic Material And Resins Market High Potential Countries, Segments and Strategies

72. Appendix

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