Plastic Resins Global Market Report 2026

The plastic resins market involves the sale of plastic resins by entities such as organizations, sole traders, and partnerships. These resins serve as the foundation for manufacturing various types of plastic products, undergoing different processes to meet specific requirements. Industries, particularly in electrical and automotive sectors, extensively use plastic resins for packaging and manufacturing diverse components.

The primary products within the plastic resin market include crystalline, non-crystalline, engineering plastic, and super engineering plastic. Engineering plastics form a category that distinguishes itself from commodity plastics due to significantly enhanced mechanical properties across a wide range of temperatures, loads, and time. Various resin types, such as polyethylene, polyvinyl chloride, acrylonitrile butadiene styrene, polycarbonate, polystyrene, polymethyl methacrylate, and polybutylene terephthalate, find applications in diverse sectors like packaging, automotive, construction, electrical and electronics, logistics, textiles and clothing, furniture and bedding, and medical devices.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the plastic resins market by increasing costs of imported petrochemical feedstocks, polymer additives, processing catalysts, and specialized resin grades. Packaging, automotive, and electronics manufacturers in North America and Europe are most affected due to dependence on global resin supply chains, while Asia-Pacific faces margin pressure in export-driven resin production. These tariffs are raising raw material costs and affecting pricing stability. However, they are also supporting domestic resin production, regional capacity expansions, and innovation in alternative and recycled resin solutions.

The plastic resins market research report is one of a series of new reports from The Business Research Company that provides plastic resins market statistics, including plastic resins industry global market size, regional shares, competitors with a plastic resins market share, detailed plastic resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic resins industry. This plastic resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plastic resins market size has grown strongly in recent years. It will grow from $765.29 billion in 2025 to $816.06 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of automotive manufacturing, growth of plastic-based packaging solutions, rising construction material demand, increasing use of plastics in electrical insulation, availability of cost-effective resin formulations.

The plastic resins market size is expected to see strong growth in the next few years. It will grow to $1044.25 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising demand for sustainable plastic alternatives, expansion of electric vehicle component manufacturing, growing use of advanced plastics in medical devices, increasing investments in recycling-compatible resins, rising focus on circular plastic economy. Major trends in the forecast period include increasing demand for lightweight plastic components, rising adoption of engineering and super engineering plastics, growing use of plastics in electrical and electronics applications, expansion of high-performance resin applications, enhanced focus on material customization.

The growing demand for lightweight materials in the automotive and aviation industries is driving the plastic resins market. Lightweight materials provide high performance, achieving similar safety and durability as aluminum and steel, while reducing weight and carbon dioxide emissions in vehicles and aircraft. Plastic resins, a composite blend, are rotationally molded into durable and versatile items that can mimic the appearance of stone or metal at lower cost and weight, and are used to manufacture automotive and aviation components such as door panels, flooring, and engine parts. For instance, in October 2025, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global electric car sales surpassed 17 million units in 2024, representing over 20% of total car sales, with an increase of 3.5 million units from the previous year, and are projected to exceed 20 million units in 2025, accounting for more than one-quarter of worldwide car sales. Therefore, the rising demand for lightweight materials in automotive and aviation applications is driving growth in the plastic resins market.

Major companies in the plastic resins market are forming strategic partnerships to produce 100% post-consumer recycled resin for packaging and other applications, promoting circularity in the plastics industry. For instance, in August 2023, Republic Services and Ravago established Blue Polymers, a partnership to process recycled polyethylene and polypropylene from Republic Services' Polymer Centers into recycled resin for use in sustainable food-grade and non-food-grade products. Ravago also markets and distributes part of the PET flake produced at the centers to its customer network.

In August 2023, Ravago, Inc., a Belgium-based distributor and recycler of polymers and rubber with a diverse portfolio that includes a wide range of raw materials for various industries, acquired M. Holland Company for an undisclosed amount. This acquisition aims to strengthen Ravago, Inc.'s market presence and operational capabilities while promoting long-term growth and innovation within the plastics industry. M. Holland Company is a leading US-based distributor of thermoplastic resins, offering a broad selection of plastic materials to various industries.

Major companies operating in the plastic resins market are Dow Inc., ExxonMobil Chemical Company, LyondellBasell Industries, SABIC (Saudi Basic Industries Corporation), BASF SE, INEOS Group, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Teijin Limited, Covestro AG, Eastman Chemical Company, Evonik Industries AG, Lotte Chemical Corporation, Toray Industries, Inc., Sumitomo Chemical Co., Ltd., Celanese Corporation, Mitsui Chemicals, Inc., LG Chem Ltd., TotalEnergies (plastics division), BRASKEM S.A., Sinopec (China Petroleum & Chemical Corp.), Reliance Industries Limited, Borealis AG, Alpek S.A.B. de C.V., China Lumena New Materials Corp

Asia-Pacific was the largest region in the plastic resins market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic resins market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the plastic resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The plastic resins market consists of sales of xxx. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Plastic Resins Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses plastic resins market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for plastic resins ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The plastic resins market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: Crystalline; Non-Crystalline; Engineering Plastic; Super Engineering Plastic
• 2) By Polymer Type: Polyethylene (PE); Polypropylene (PP); Polyvinyl Chloride (PVC); Polystyrene (PS); Polyethylene Terephthalate (PET); Other Polymers
• 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); Polyetheretherketone (PEEK); Polyetherimide (PEI); Liquid Crystal Polymer (LCP)
• Companies Mentioned: Dow Inc.; ExxonMobil Chemical Company; LyondellBasell Industries; SABIC (Saudi Basic Industries Corporation); BASF SE; INEOS Group; Chevron Phillips Chemical Company LLC; Formosa Plastics Corporation; Teijin Limited; Covestro AG; Eastman Chemical Company; Evonik Industries AG; Lotte Chemical Corporation; Toray Industries, Inc.; Sumitomo Chemical Co., Ltd.; Celanese Corporation; Mitsui Chemicals, Inc.; LG Chem Ltd.; TotalEnergies (plastics division); BRASKEM S.A.; Sinopec (China Petroleum & Chemical Corp.); Reliance Industries Limited; Borealis AG; Alpek S.A.B. de C.V.; China Lumena New Materials Corp
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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