Italy Plastic Resin Market Size & Outlook, 2023-2030
Italy plastic resin market, 2018-2030 (US$M)
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Italy plastic resin market highlights
- The Italy plastic resin market generated a revenue of USD 3,751.6 million in 2023 and is expected to reach USD 15,730.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 22.7% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Phenolic Foam is the most lucrative type segment registering the fastest growth during the forecast period.
Plastic resin market data book summary
| Market revenue in 2023 | USD 3,751.6 million |
| Market revenue in 2030 | USD 15,730.4 million |
| Growth rate | 22.7% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Phenolic Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Toray Industries Inc, Mitsui Chemicals Inc, Teijin Ltd, LG Chem, Avient Corp |
Other key industry trends
- In terms of revenue, Italy accounted for 2.8% of the global plastic resin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany plastic resin market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 19,219.5 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 28.05% in 2023. Horizon Databook has segmented the Italy 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.
With over 13.29% of overall Europe’s plastic resins market share, Italy is a major hub for plastic formulators. In 2018, the country recorded a recycling rate of 18% for PET and has observed a tremendous rise in the establishment of plastic resins machinery plants over the past decade.
This directly implies the rise in demand in the consumption of plastic resins across Italy owing to increased manufacturing of plastic materials to cater to the demand from diverse end-use industries. These factors are projected to increase the consumption of plastic over the foreseeable future.
Epoxy polymers emerged as the fastest-growing segment, in terms of consumption, across Italy in 2020. The country recently has started focusing extensively on industrial coatings application to cater to the demand generated from oil pipelines and chemical formulators for marine vessels and containers, among others.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into Italy plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy plastic resin market size, by type, 2018-2030 (US$M)
Italy Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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