Global Plastic Resin Market to reach USD 948.3 billion by 2027.Global Plastic Resin Market is valued approximately at USD 711 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period 2021-2027. Plastic resins are formed by heating hydrocarbons in a process known as the cracking process. It is used in various applications such as automotive, construction, electrical & electronics, packaging, and others. Growing demand for products such as pipe, windows, storage tanks and others due to increasing investment in construction by various governments coupled with increasing demand for light-weight and multi utility vehicles are driving the growth in the market positively. For instance, Indian government is aiming to build around 20 million affordable houses in urban areas till 2022. Furthermore, growing consumption in healthcare sector through products such as mask gloves, Personal Protective Equipment (PPE) and others is expected to fuel the demand in coming years. However, volatile prices of raw material may hamper the growth during forecast period.


Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of the global Plastic Resin Market. Asia Pacific is the dominating region across the world in terms of market share due to presence of growing automotive, transportation and packing industries. Whereas Europe is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to increasing application in medical devices and equipment.
Major market player included in this report are:

Dow, Inc.
Evonik Industries AG
Sumitomo Chemical
Teijin Ltd.
Celanese Corp.
Eastman Chemical Company
Chevron Phillips Chemical Co., LLC
Lotte Chemical Corp.
Covestro AG
Toray Industries, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Crystalline Resin
Non-crystalline Resin
Engineering Plastic
Super Engineering Plastic
By Application:
Packaging
Automotive
Construction
Electrical & Electronics
Logistics
Consumer Goods
Textiles & Clothing
Furniture & Bedding
Agriculture
Medical Devices
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Plastic Resin Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors