Press release
Key Factor Supporting Plastic Resins Market Development in 2025: Demand For Lightweight Materials In Automotive And Aviation Industries Boosts Plastic Resins Market
Plastic Resins
How Large Will the Plastic Resins Market Size By 2025?
In recent times, the plastic resins market has witnessed consistent growth. The size of the market is anticipated to swell from $742.85 billion in 2024 to $779.85 billion in 2025, with a compound annual growth rate of 5.0%. The substantial market growth in the past period is mainly due to the expansion in the plastics and polymer sectors, the burgeoning manufacturing and injection molding industries, escalated demand for multi-functional and lightweight materials, the evolution of high-performance resins, and the increase in automotive and transportation applications.
How Big Is the Plastic Resins Market Size Expected to Grow by 2029?
The market for plastic resins is projected to experience robust expansion in the upcoming years, potentially reaching $1013.4 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. This surge during the predicted period is likely due to the development of environment-friendly resin formulations, a rise in the production of electric vehicles, specialized resin solutions tailored for particular applications, and the increased need for resins that are resistant to high temperatures and chemicals, as well as the spread of 3D printing and additive manufacturing. Notable trends during this projection period include the adoption of bio-based and biodegradable plastic resins, regulatory conformity regarding resin safety, the emergence of nanocomposite and fortified plastic materials, smart resins that offer self-healing and shape-memory functions, and the promotion of circular economy practices in the manufacturing of resins.
View the full report here:
https://www.thebusinessresearchcompany.com/report/plastic-resins-global-market-report
Which Key Market Drivers Powering Plastic Resins Market Expansion and Growth?
The escalating need for lightweight materials in the automotive and aviation sectors is fuelling the growth of the plastic resins market. Such materials have proven high performance, attaining equivalent safety and durability benefits as aluminum and steel while lessening weight and carbon dioxide discharges in vehicles and aircraft. Plastic resins are a hybrid mix that is rotationally transformed into strong and flexible objects that can imitate the look of stone and metal materials at a lesser cost and weight, making them ideal for the manufacturing of various automotive and aviation components like door panels, flooring, and engine parts. Taking a case in point, in March 2023, Jamco Corporation, an aircraft engines and engine parts firm located in Japan, showcased its Venture Premium Class Seat; this seat is specially designed with sustainability as a key feature and aims at reducing operational charges for airlines. The Venture seat from Jamco comprises a considerable quantity of recycled matter, weighs less than conventional seats, is easy to set up, and necessitates lesser overall maintenance. As such, the burgeoning demand for lightweight materials in the automotive and aviation sectors is propelling the expansion of the plastic resins market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6530&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Plastic Resins Market?
The plastic resins industry is being shaped by recycled plastic resins. Firms within the market are tailoring their focus towards the production of recycled plastic resins, enabling their clients to create eco-friendly items and potentially increase their market footprint. For example, in October 2022, NOVA Chemicals Corporation, a polyethylene resins manufacturer based in Canada, unveiled its new mechanically recycled polyethylene resin, EX-PCR-NC4. Utilization of this product supports converters and brand owners in fulfilling their sustainability commitments without sacrificing packaging efficacy in fields such as shrink, e-commerce, heavy-duty sacks, and protective packaging.
What Are the Emerging Segments in the Plastic Resins Market?
The plastic resins market covered in this report 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
Subsegments:
1) By Crystalline: Polypropylene (PP), Polyethylene Terephthalate (PET), Polyamide (Nylon), Polyoxymethylene (POM)
2) By Non-Crystalline: Polystyrene (PS), Poly(methyl methacrylate) (PMMA), Polyvinyl Chloride (PVC), Polycarbonate (PC)
3) By Engineering Plastic: Acrylonitrile Butadiene Styrene (ABS), Polyamide (Nylon), Polybutylene Terephthalate (PBT), Polyphenylene Oxide (PPO)
4) By Super Engineering Plastic: Polysulfone (PSU), PolyetheretherKe*tone (PEEK), Polyetherimide (PEI), Liquid Crystal Polymer (LCP)
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6530&type=smp
Who Are the Global Leaders in the Plastic Resins Market?
Major companies operating 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, 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
Which are the Top Profitable Regional Markets for the Plastic Resins Industry?
Asia-Pacific was the largest region in the plastic resins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic resins market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6530
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Key Factor Supporting Plastic Resins Market Development in 2025: Demand For Lightweight Materials In Automotive And Aviation Industries Boosts Plastic Resins Market here
News-ID: 4081525 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Poly
Poly(vinyl Acetate) Market Size Report 2025
On Mar 8, 2025, Global Info Research released a research report titled "Global Poly(vinyl Acetate) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides detailed data analysis of the Poly(vinyl Acetate) market from 2020 to 2031. Including the market size and development trends of Poly(vinyl Acetate) Market, it analyzes market size indicators such as sales, sales volume, average price and CAGR, it also provides a…
Poly Aluminium Chloride Market Research Report 2023
Polyaluminium Chloride Market
Polyaluminium chloride (PAC) is manufactured in both liquid and powder form. The product is used in deodorants and antiperspirants, as a flocculant in water purification, in treatment of drinking / potable water, wastewater treatment and paper sizing.
In this report, poly alumnium chloride is classified into liquid and powder type. All the poly alumnium chloride products are converted into 30% Al2O3 content.
Due to the COVID-19 pandemic, the global…
Poly-Vents Market to Witness Remarkable Growth | Filtration Group Corporation; P …
Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Poly-Vents Market Analysis and Forecast, 2020 – 2027”. In this report, Researchers have analysed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the informative knowledge. The Poly-Vents Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
The study bridges the historical…
Poly-Vents Market To Witness Astonishing Growth | Competitive Outlook By Filtrat …
The Latest survey report on Poly-Vents Market?research gives a holistic overview of the growth and other aspects of the industry in vital countries (regions). The regions provided in this market document show the geographical boundaries across the globe. This report is a wonderful guide to achieve an information or key data about market, emerging trends, product usage, customer inclinations, motivating factors for customers, competitor strategies, brand positioning, future trends, customer…
Poly Adenosine Diphosphate Ribose Polymerase Market Drivers
Poly adenosine diphosphate ribose polymerase (PARP) is a family of 17 enzymes that combine several (poly) units of ADP-ribose in a chain and transfer them to the target proteins. These proteins aid in restoring the damage in DNA caused due to various factors such as exposure to UV rays, radiation, some anti-cancer drugs or other substances in the environment. PARP inhibitors aid in blocking the enzyme important for the repair…
Poly Adenosine Diphosphate Ribose Polymerase Market Drivers
Poly adenosine diphosphate ribose polymerase (PARP) is a family of 17 enzymes that combine several (poly) units of ADP-ribose in a chain and transfer them to the target proteins. These proteins aid in restoring the damage in DNA caused due to various factors such as exposure to UV rays, radiation, some anti-cancer drugs or other substances in the environment. PARP inhibitors aid in blocking the enzyme important for the repair…
