Reports and Data estimates the global Plastic Resins competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2028 as the forecast period. The report offers CAGR and market size for the global Plastic Resins during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include BASF SE, Saudi Basic Industries Corporation (SABIC), Dow Inc., Evonik Industries AG, Sumitomo Chemical, Arkema S.A., Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Company, LLC, and Covestro AG. 

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Plastic Resins Overview :-

Production and sales of plastic resins in regions such as Asia Pacific and North America expanded during 2020, owing to surging need to meet unprecedented global health and economic challenges. According to the American Chemistry Council’s (ACC) Plastic Industry Producers’ Statistics (PIPS) Group, resin production in North America grew from 121.5 billion pounds in 2019 to 123.1 billion pounds in 2020 by 1.4%. Packaging for healthcare, food, pharmaceuticals, and online sales experienced a surge, which is further boosting revenue growth of the market.

Majorly utilized plastic resins for packaging include High-density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyethylene Terephthalate (PET/PETE), Polypropylene (PP), Polystyrene, and Polyvinyl Chloride (PVC, Vinyl). Plastic resins have excellent barrier properties, high impact capability shatter resistance, exceptional resistance to most solvents, capability of hot-filling, good processing performance, and resistance to grease, oil, chemicals. These also provide low density high stiffness in foamed applications, low thermal conductivity, and excellent insulation properties in foam, which, in turn, is set to drive adoption of plastic resins in the packaging industry and propel market revenue growth.

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For the purpose of this report Reports and Data has segmented global Plastic Resins market on the basis of type, application, and region:

By Product Outlook       

• Engineering Plastic

• Polycarbonate (PC)

• Nylon

• Polybutylene Terephthalate (PBT)

• Polyamide

• Crystalline

• Polyethylene

• Polypropylene

• Epoxy

• 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

• Packaging

• Electrical Electronics

• Automotive

• Construction

• Furniture Bedding

• Consumer Goods

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

• What is the expected year-on-year growth of the Plastic Resins during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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