The Plastic Resins Global Market Report 2023, provides comprehensive information on the plastic resins market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Plastic Resins Global Market Report 2023, 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 market size of global plastic resins is expected to grow to $840.22 billion in 2027 at a CAGR of 4.4%.
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Recycled plastic resin are shaping the plastic resins market. Companies in the plastic resins market are focusing on developing recycled plastic resins to help their customers in manufacturing sustainable products and hence, expand their market share. For instance, in October 2020, Dow Inc., a US-based commodity chemical company, introduced its first post-consumer recycled (PCR)-rich resin for collation shrink film in North America, enabling companies to use additional post-consumer materials while still preserving application performance. This recycled plastic resin is designed specifically for retail and logistic shrink film applications, it contains shrink film with up to 40% PCR content.
The plastic resins market is segmented:
1) Plastic Resins Market By Product: Crystalline, Non-Crystalline, Engineering Plastic, Super Engineering Plastic
2) Plastic Resins Market By Resin Type: Polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polystyrene, Polymethyl Methacrylate, Polybutylene Terephthalate
3) Plastic Resins Market By Application: Packaging, Automotive, Construction, Electrical And Electronics, Logistics, Textiles And Clothing, Furniture And Bedding, Medical Device
Top Major Players
Saudi Basic Industries Corporation
Asia-Pacific was the largest region in the plastic resins market in 2022.
The table of contents in TBRC’s plastic resins market report includes:
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
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Plastic Resins Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 4: Global Plastic Resins Market, Segmentation By Resin Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 5: Global Plastic Resins Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
………
Table 46: BASF SE Financial Performance
Table 47: Saudi Basic Industries Corporation Financial Performance
Table 48: Dow Inc Financial Performance
Table 49: Evonik Industries AG Financial Performance
Table 50: Sumitomo Chemical Co Ltd Financial Performance
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