Global Plastic Resin Market Size & Outlook, 2023-2030
Global plastic resin market, 2018-2030 (US$M)
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Global plastic resin market highlights
- The global plastic resin market generated a revenue of USD 135,662.9 million in 2023 and is expected to reach USD 575,101.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22.9% by 2030.
- In terms of segment, polystyrene foam accounted for a revenue of USD 41,870.6 million in 2023.
- Melamine Foam is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 135,662.9 million |
| Market revenue in 2030 | USD 575,101.1 million |
| Growth rate | 22.9% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Melamine Foam |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
Other key industry trends
- In terms of revenue, the North America accounted for 19.3% of the global plastic resin market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 11,594.5 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global plastic resin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic resin market will help companies and investors design strategic landscapes.
Polystyrene foam was the largest segment with a revenue share of 30.86% in 2023. Horizon Databook has segmented the Global plastic resin market based on polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, other types covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Plastic Resin Type Outlook (Revenue, USD Million, 2018-2030)
- Polyurethane Foam
- Polystyrene Foam
- PVC Foam
- Phenolic Foam
- Polyolefin Foam
- Melamine Foam
- Other Types
- Global Plastic Resin Application Outlook (Revenue, USD Million, 2018-2030)
- Packaging
- Building & Construction
- Furniture & Bedding
- Automotive
- Rail
- Wind
- Marine
- Other Applications
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Our clientele includes a mix of plastic resin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global plastic resin market , including forecasts for subscribers. This global databook contains high-level insights into Global plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global plastic resin market size, by region, 2018-2030 (US$M)
Top 10 countries: Plastic resin market size, 2023 (US$M)
Global plastic resin market share, by type, 2023 & 2030 (%, US$M)
Plastic resin market: Opportunity assessment by country
Global plastic resin market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 21,551.2 | 21,841.2 | 21,569.5 | 21,841.9 | 22,557.7 | 26,236.2 | 31,109.8 | 37,348.2 | 45,446.6 | 55,926.6 | 69,032.5 | 86,159.8 | 108,722.3 | 22.5% |
| Europe | 29,333.6 | 29,856.1 | 29,612.1 | 30,116.5 | 31,239.8 | 36,494.5 | 43,465.1 | 52,420.7 | 64,071.7 | 79,214.0 | 98,245.6 | 123,191.8 | 156,171.8 | 23.1% |
| Asia Pacific | 43,161.9 | 44,066.7 | 43,843.4 | 44,730.9 | 46,547.4 | 54,551.9 | 65,185.6 | 78,863.7 | 96,666.9 | 119,929.6 | 148,816.2 | 186,746.1 | 236,918.3 | 23.3% |
| Latin America | 5,368.7 | 5,421.2 | 5,334.6 | 5,383.0 | 5,540.2 | 6,421.8 | 7,589.5 | 9,081.1 | 11,011.0 | 13,506.6 | 16,620.7 | 20,678.4 | 26,010.6 | 22.1% |
| MEA | 10,149.2 | 10,221.8 | 10,030.4 | 10,091.0 | 10,352.3 | 11,958.5 | 14,076.6 | 16,793.9 | 20,304.9 | 24,826.4 | 30,441.0 | 37,733.3 | 47,278.2 | 21.7% |
| Overall | 109,564.6 | 111,407.0 | 110,390.1 | 112,163.2 | 116,237.5 | 135,662.9 | 161,426.7 | 194,507.6 | 237,501.1 | 293,403.3 | 363,155.9 | 454,509.3 | 575,101.1 | 22.9% |
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