Global Plastic Resins Market Report 2022 | Market Demand, Scope, Overview And Top Key Players Are BASF SE, Saudi Basic Industries Corporation, Dow Inc., Evonik Industries AG, Sumitomo Chemical Co. Ltd

The global plastic resins market report by the business research company identifies rise in the demand for lightweight materials in the automotive and aviation industries is driving the plastic resins market. The lightweight materials have a track record of high performance, achieving the same desired effect as aluminum and steel in terms of safety and durability, while also reducing weight and carbon dioxide emissions in automobiles and airplanes. Plastic resins are a composite blend that is rotationally molded into robust and malleable items that may approximate the appearance of stone and metal materials for a fraction of the cost and weight and are used to manufacture different automotive and aviation parts such as door panels, flooring, and engine components. For instance, the lightweight materials market has its highest share in the aviation industry with 80% in 2020 and in the automotive industry, the lightweight materials share is expected to increase from 30% in 2020 to 70% by 2030. Thus, the increasing demand for lightweight materials in the automotive and aviation industries is driving the growth of the plastic resins market.

The global plastic resins market size is expected to grow from $645.93 billion in 2021 to $672.14 billion in 2022 at a compound annual growth rate (CAGR) of 4.1%. The plastic resin market size is expected to grow to $796.84 billion in 2026 at a CAGR of 4.3%.

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Asia-Pacific was the largest region in the plastic resins market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the plastic resins market are BASF SE, Saudi Basic Industries Corporation, Dow Inc., Evonik Industries AG, Sumitomo Chemical Co. Ltd, Arkema S.A., Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Co. LLC, Lotte Chemical Corporation, Covestro AG, Toray Industries Inc., Teijin Ltd., Exxon Mobil Corporation, and Mitsui and Co. Plastics Ltd.

The global organic food market is segmented -
1) By Product:
Crystalline
Non-Crystalline
Engineering Plastic
Super Engineering Plastic

2) By Resin Type:
Polyethylene
Polyvinyl Chloride
Acrylonitrile Butadiene Styrene
Polycarbonate
Polystyrene
Polymethyl Methacrylate
Polybutylene Terephthalate

3) By Application:
Packaging
Automotive
Construction
Electrical and Electronics
Logistics
Textiles and Clothing
Furniture and Bedding
Medical Device

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The Plastic resins Market Report Contents Include
1. Executive Summary
2. Plastic Resins Market Characteristics
3. Plastic Resins Market Trends And Strategies
4. Impact Of COVID-19 On Plastic Resins
5. Plastic Resins Market Size And Growth
….....
28. Key Mergers And Acquisitions In The Plastic Resins Market
29. Plastic Resins Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the plastic resins market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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