UK Plastic Resin Market Size & Outlook, 2023-2030
UK plastic resin market, 2018-2030 (US$M)
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UK plastic resin market highlights
- The UK plastic resin market generated a revenue of USD 4,916.2 million in 2023 and is expected to reach USD 22,125.1 million by 2030.
- The UK market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Polyolefin 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 4,916.2 million |
| Market revenue in 2030 | USD 22,125.1 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Polyolefin 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, UK accounted for 3.6% 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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UK 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 29% in 2023. Horizon Databook has segmented the UK 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.
The market share of construction segment in UK is predominantly occupied by huge multinationals that have established their businesses in the country. With the rising population, the country has shown tremendous growth in the consumption of plastic resins in construction application over the past few years.
In super engineering plastic resins segment the liquid crystal polymers was the dominant product subsegment in the UK plastic resins market owing to their applications in automotive interior & exterior, construction roofing & flooring, and packaging substitutes, among others.
The growth of end-use industries in the UK owing to factors such as economic development and rising disposable incomes are anticipated to increase the demand for liquid crystal polymers in the UK over the forecast period.
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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 country-level data and insights on the UK plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into UK plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK plastic resin market size, by type, 2018-2030 (US$M)
UK Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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