Plastic Resins Market is expected to reach US$ 569.49 Bn. by 2029, at a CAGR of 4.40% during the forecast period.
Market Scope:
Using both primary and secondary research approaches, we researched the Plastic Resins Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Plastic Resins Market Overview:
The market research study analyses and assesses the market’s position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.
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Segmentation:
- Global Residential Roofing Market: Research Methodology
- Global Residential Roofing Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Residential Roofing Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Residential Roofing Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Residential Roofing Market Segmentation
- Global Residential Roofing Market, by Type (2021-2029)
- Global Residential Roofing Market, by Application (2021-2029)
- Regional Residential Roofing Market(2021-2029)
- Regional Residential Roofing Market, by Type (2021-2029)
- Regional Residential Roofing Market, by Application (2021-2029)
- Regional Residential Roofing Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
By Product
• Crystalline
• Non-crystalline
• Engineering Plastic
• Super Engineering Plastic
By product, crystalline resins had the biggest revenue share of more than 61% in 2022, and this dominance is expected to continue throughout the forecast period. The Polyethylene (PE) resin sub-segment accounted for a considerable proportion of the crystalline type segment because to rising demand from food packaging, stretch wrap, medical applications, and other applications. By 2022, the non-crystalline resin category would account for almost one-fifth of overall sales. However, as alternative polymers such as polyamide, polyether ether ketone, and liquid crystal polymers become more popular, demand for these commodities is expected to fall during the projection period.
By Application
• Packaging
• Automotive
• Construction
• Electrical & Electronics
• Logistics
• Consumer Goods
• Textiles & Clothing
• Agriculture
• Medical Devices
The packaging segment accounted for more than 36% of total revenue share by 2022 and is predicted to grow at a stable CAGR throughout the projection period. Because of the increased demand for packaged foods and beverages, the packaging sector is expanding. Furthermore, several government organisations have established stringent criteria for the safe usage of plastic materials in order to promote segment growth for food and beverage applications.
Key Players:
The report also focuses on the global main industry players in the Plastic Resins Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent Plastic Resins market businesses and ranks them in the market. The following players are featured in this report:
• BASF SE
• SABIC
• Dow, Inc.
• Evonik Industries A
• Sumitomo Chemical
• Arkema
• Celanese Corp.
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corp.
• Covestro AG
• Toray Industries, In
• Teijin Ltd
• Toray Industries, Inc.
• DuPont
• Formosa Plastic Group
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Regional Analysis:
The Plastic Resins market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis on Plastic Resins Market:
The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the Plastic Resins Market Report are:
- What are some of the promising growth opportunities in the global Plastic Resins market by product type and Region?
- Which Plastic Resins market segments will grow the fastest, and why?
- Which regions will develop quicker?
- What are the elements influencing Plastic Resins market?
- What are the Plastic Resins market’s business risks?
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