Press release
Plastic Resins Global Market Size, Share, Growth, Trends, By Product Type, By Application, By End User, Regional Outlook And Forecast 2023-2032 | BASF SE, Dow Inc., Arkema S.A., Teijin Ltd., Evonik Industries AG
As per the plastic resins market report by The Business Research Company, the 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.
The global plastic resins market size grew from $672.79 billion in 2022 to $707.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The plastic resins market size is expected to grow to $840.22 billion in 2027 at a CAGR of 4.4%.
Read More On The Plastic Resins Market Report Here:
https://www.thebusinessresearchcompany.com/report/plastic-resins-global-market-report
Major competitors in the plastic resins market include 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 plastic resins market is segmented -
• By Product: Crystalline, Non-Crystalline, Engineering Plastic, Super Engineering Plastic
• By Resin Type: Polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polystyrene, Polymethyl Methacrylate, Polybutylene Terephthalate
• By Application: Packaging, Automotive, Construction, Electrical And Electronics, Logistics, Textiles And Clothing, Furniture And Bedding, Medical Device
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the plastic resins market.
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The plastic resins market consists of sales of plastic resins by entities (organizations, sole traders, and partnerships) that are used for making different varieties of plastic products. Plastic resins are the base for all kinds of plastics, they are made to go through different processes, be transformed, and make fit for specific needs. They are mostly utilized by the electrical, and automotive industries for packaging and manufacturing of various parts.
The Table of Content for The Plastic Resins Market Include:
1. Executive Summary
2. Plastic Resins Market Characteristics
3. Plastic Resins Market Trends And Strategies
4. Plastic Resins Market - Macro Economic Scenario
5. Plastic Resins Market Size And Growth
.....
26. Africa Plastic Resins Market
27. Plastic Resins Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plastic Resins Market
29. Plastic Resins Market Future Outlook and Potential Analysis
30. Appendix
The "Global Plastic Resins Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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