Press release
Plastic Resins Global Market Report 2024 - By Share, Growth, Demand, Key Drivers, Outlook By 2033
The Business Research Company presents an extensive market research report on the Plastic Resins Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The plastic resins market size has grown strongly in recent years. It will grow from $710.21 billion in 2023 to $747.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in plastics and polymer industries, expansion of manufacturing and injection molding, demand for versatile and lightweight materials, development of high-performance resins, increase in automotive and transportation applications..
The plastic resins market size is expected to see strong growth in the next few years. It will grow to $936.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to sustainable and eco-friendly resin formulations, growth in electric vehicle production, customized resin solutions for specific applications, demand for high-temperature and chemical-resistant resins, expansion in 3d printing and additive manufacturing.. Major trends in the forecast period include bio-based and biodegradable plastic resins, regulatory compliance in resin safety, nanocomposite and reinforced plastic materials, smart resins for self-healing and shape-memory applications, circular economy practices in resin production..
Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6530&type=smp
Key Market Players:
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, Mitsui And Co. Plastics Ltd., Braskem Sa, LyondellBasell Industries, LG Chem Ltd., E. I. du Pont de Nemours and Company, INEOS Group Limited, Formosa Plastics Corporation, Total Petrochemicals & Refining USA Inc., Mitsubishi Chemical Corporation, Asahi Kasei Corporation, Mitsui Chemicals Inc., Reliance Industries Limited, Sinopec Corp., China National Chemical Corporation, Nova Chemicals Corporation are prominent players in the industry.
Market Drivers:
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. 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, in March 2023, Jamco Corporation, a Japan-based aircraft engines and engine parts company, highlighted its Venture Premium Class Seat, designed with sustainability in mind, while minimizing operational costs for airlines. Jamco's Venture seat is made with a high amount of recycled material, is lighter than traditional seats, is easy to install and requires less overall maintenance. Thus, the increasing demand for lightweight materials in the automotive and aviation industries is driving the growth of the plastic resins market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/plastic-resins-global-market-report
Market Segments Include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Resins Global Market Report 2024 - By Share, Growth, Demand, Key Drivers, Outlook By 2033 here
News-ID: 3354550 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Corp
Updated 3D Display Market Size 2021-2030 | Major Players- Sony Corp., Panasonic …
Allied Market Research published a report titled, "3D Display Market: Global Opportunity Analysis and Industry Forecast, 2022-2030." According to the reportThe global 3D display market was valued at $76.50 billion in 2020, and is projected to reach $378.55 billion by 2030, registering a CAGR of 17.6% from 2021 to 2030.
The 3D Display Market report offers a current market analysis throughout the forecast timeframe. The research report provides an in-depth…
Investment Opportunities in 3D Display Market 2021-2027 for Sony Corp., Panasoni …
Allied Market Research published a new report, titled, "3D Display Market by Type (Volumetric Display, Stereoscopic Display, and HMD), Technology (Digital Light Processing (DLP), Plasma Display Panels (PDP), Organic LEDs (OLED), and LED), Access Methods (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Movie Projectors, HMD, and Others) - Global Opportunity Analysis and Industry Forecast, 2019-2027."
The market report provides an all-inclusive analysis of the…
Homeland Security Market Outlook - Post COVID-19 Scenario | IBM Corp, Lockheed M …
The homeland security market in Asia-Pacific region is projected to grow at significant rate during the forecast period, owing to increasing number terrorist activities, territorial wars, political unrest, protests, and government inclination towards police modernization in countries including India, Japan, China, and Sri Lanka.
North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period due to heavy investment…
Emerging 3D Display Market to 2027 | Sony Corp., Panasonic Corp., LG Electronics …
3D display provides three dimensional visualization and a sense of depth to the viewer. 3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense and engineering simulation. It is one of the new developments in the electronic industry as it offers a very immersive 3D viewing experience. Consumer electronics manufacturers (CEMs) are trying to change the user experience by enhancing their product…
3D Display Market | Sony Corp., Panasonic Corp., LG Electronics Inc., Samsung El …
A new market research report on the Global 3D Display market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global 3D Display market. The Global 3D Display analysis is broken down on different segmentation levels including Market By Type, By Technology, By Access Methods, By Application.
3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense, and engineering simulation. It is one of the…
D Television Market 2019: Industry Analysis By Samsung, LG Corp, Sony Corp, Shar …
D Television Market research report gives detailed information of major players like manufacturers, suppliers, distributors, traders, customers, investors and etc. D Television market Report presents a professional and deep analysis on the present state of D Television Market that Includes major types, major applications, Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc. Industry chain, manufacturing process, cost structure,…
