Plastic Resins Market Report Overview

The Plastic Resins Market research report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Plastic Resins market report provides a full understanding of advanced tactics and plans. The report provides a detailed analysis of the dynamics influencing the market with key players in the Plastic Resins industry.

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Plastic Resins Market Segmentation

by Product

• Crystalline
• Non-crystalline
• Engineering Plastic
• Super Engineering Plastic

With a revenue share of over 61% in 2022, the product sector that specializes in crystalline resins is expected to maintain its dominance for the duration of the forecast. Owing to a rise in demand from various applications such as medical applications, food packaging, and stretch wrap, the Polyethylene (PE) resin sub-segment held a substantial portion of the crystalline type segment. The non-crystalline resin market category represented around 5% of overall sales in 2022. However, demand for these commodities is expected to decline throughout the projection period due to the growing use of alternative polymers such polyamide, polyether ether ketone, and liquid crystal polymers.

by Application

• Packaging
• Automotive
• Construction
• Electrical & Electronics
• Logistics
• Consumer Goods
• Textiles & Clothing
• Agriculture
• Medical Devices

By Application, the packaging segment had over 36% of its market share by 2022 and is anticipated to grow at a steady compound annual growth rate (CAGR) throughout the duration of the projection. Because there is a greater need for packaged goods and drinks, the segment is growing at a faster rate due to the growing packaging business. Furthermore, in an effort to promote the expansion of the food and beverage application market, certain government agencies have established strict guidelines for the safe use of plastic materials.

Future projections indicate that the automotive application segment will grow significantly due to rising plastics consumption in automotive components and rising passenger and heavy-duty vehicle production, particularly in Asia Pacific, Central America, and South America. The application category for medical equipment is anticipated to expand between 2023 and 2029 at the quickest rate possible. Medical devices are often made with resins because they offer better clarity, cost-effectiveness, and biocompatibility. Many polymers, including polystyrene (PS) and polyethylene (PE), are combined to provide them appropriate properties for use in medical devices.

Plastic Resins Market Key Players

• BASF SE
• SABIC
• Dow, Inc.
• Evonik Industries A
• Sumitomo Chemical
• Arkema
• Celanese Corp.
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corp.
• Covestro AG
• Toray Industries, In
• Teijin Ltd
• Toray Industries, Inc.
• DuPont
• Formosa Plastic Group

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Plastic Resins Market Report Scope and Research Methodology

The Plastic Resins Market Research Reports offer both qualitative and quantitative insights that delve into the essential factors driving, limiting, offering opportunities, and posing challenges within the global Plastic Resins market. This report thoroughly covers aspects like import/export consumption, supply and demand dynamics, pricing, revenue generation, market share, market penetration, sales volume, and gross margins. In the Plastic Resins market context, the report extensively examines each industry's manufacturing sites, capacity, production, market prices, sales revenue, and market shares.

The determination of the Plastic Resins market size employed a bottom-up approach. To compile the data for the Plastic Resins market report, a combination of Primary and Secondary research methods was employed. The report also features a SWOT analysis and employs Porter's five forces analysis to offer a comprehensive view.

Plastic Resins Market Regional Analysis

The Plastic Resins market report consists of an analysis of all the regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The market's primary geographic condition, as well as segments and sub-segments, are examined in the Plastic Resins Industry Research. The current state of the regional market is provided in the report in terms of market size, share, and volume. 

Key Questions answered in the Plastic Resins Market Report are:

What is Plastic Resins?
What will be the CAGR of the Plastic Resins market during the forecast period?
Which region held the largest Plastic Resins market share ?
What are the opportunities for the Plastic Resins Market?
What factors are affecting the Plastic Resins market growth?
Which company held the largest share in the Plastic Resins market?
What key trends are likely to emerge in the Plastic Resins market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation- A detailed analysis of each segment and their segments
  • Competitive Landscape - Leading key players and other prominent key players.

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