North America Plastic Resin Market Size & Outlook
North America plastic resin market, 2018-2030 (US$M)
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North America plastic resin market highlights
- The North America plastic resin market generated a revenue of USD 26,236.2 million in 2023.
- The market is expected to grow at a CAGR of 22.5% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- PVC Foam is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 26,236.2 million |
| Market revenue in 2030 | USD 108,722.3 million |
| Growth rate | 22.5% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | PVC 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 |
| 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, North America region accounted for 19.3% of the global plastic resin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 236,918.3 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 30.03% in 2023. Horizon Databook has segmented the North America 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.
North America is one of the largest consumers of plastics owing to high demand from the automotive, electrical & electronics, packaging, and construction sectors. Plastics find many applications in each industry due to their versatile benefits, easy molding, and desired shape formation.
Many automobile manufacturers prefer plastic vehicle components, which help companies in achieving low-cost production and increasing their bottom line. The market is primarily driven by the rising demand for epoxy polymers in medical devices application segment for manufacturing disposables and devices such as catheters and surgical instruments.
The demand for plastics in various application segments, including packaging, construction, electrical & electronics, automotive, agriculture, furniture & bedding, consumer goods, and utility, is expected to grow post current pandemic.
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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 continent-level data and insights on the North America plastic resin market , including forecasts for subscribers. This continent databook contains high-level insights into North America plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America plastic resin market size, by country, 2018-2030 (US$M)
North America Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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