U.S. Plastic Resin Market Size & Outlook, 2023-2030
U.S. plastic resin market, 2018-2030 (US$M)
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U.S. plastic resin market highlights
- The U.S. plastic resin market generated a revenue of USD 15,747.3 million in 2023 and is expected to reach USD 63,782.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 22.1% 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.
Plastic resin market data book summary
| Market revenue in 2023 | USD 15,747.3 million |
| Market revenue in 2030 | USD 63,782.5 million |
| Growth rate | 22.1% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | PVC 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, U.S. accounted for 11.6% 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 North America, U.S. plastic resin market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 18,426.7 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 29.42% in 2023. Horizon Databook has segmented the U.S. 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 demand for plastic resins such as polypropylene, acrylonitrile butadiene styrene, and polyamide is expected to grow on account of the rising demand for medical devices and products, such as mask, gloves, shoe & head cover, and gowns owing to the outbreak of COVID-19.
Once the situation is under control, construction spending in the U.S is expected to increase owing to deteriorating infrastructures such as broadband, bridges, roads, water systems, and power grids. Construction spending in the U.S is expected to increase over the forecast period owing to economic development.
The country is characterized by a low-risk environment, a stable economy, and a robust financial sector. These factors have provided a multitude of opportunities for investors in recent years, which are likely to trigger infrastructure spending in the country. This, in turn, is projected to positively impact the demand for plastic resins in the U.S. construction industry.
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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 U.S. plastic resin market , including forecasts for subscribers. This country databook contains high-level insights into U.S. plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. plastic resin market size, by type, 2018-2030 (US$M)
U.S. Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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