Japan Plastic Resin Market Size & Outlook, 2023-2030
Japan plastic resin market, 2018-2030 (US$M)
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Japan plastic resin market highlights
- The Japan plastic resin market generated a revenue of USD 6,509.4 million in 2023 and is expected to reach USD 26,778.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 22.4% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Melamine 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 6,509.4 million |
| Market revenue in 2030 | USD 26,778.1 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Melamine 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, Japan accounted for 4.8% 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 Asia Pacific, China plastic resin market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 25,065.9 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 36.27% in 2023. Horizon Databook has segmented the Japan 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.
Japan is the third-largest economy globally by nominal GDP and the fourth largest in terms of purchasing power parity. The country accounts for a huge demand for plastic resins due to the presence of an established production, trade, and industrial environment.
However, a weak currency makes the exports competitive, which, in turn, helps boost the growth of automotive and robotics industries. Japan is a major producer and exporter of electronics, semiconductors, optical instruments, and hybrid vehicles. Plastic resins are used in all of the aforementioned industries and is expected to grow over the forecast period with the growth of these industries.
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Our clientele includes a mix of plastic resin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into Japan plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan plastic resin market size, by type, 2018-2030 (US$M)
Japan Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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