Plastic Resin Market Size To Reach $1,140.30 Billion By 2033

Plastic Resin Market Growth & Trends

The global plastic resin market size is expected to reach USD 1,140.30 billion by 2033, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.9% from 2026 to 2033. The increasing consumption of plastic resins in construction, automotive, electrical, and electronics applications is boosting the market growth. Government intervention to reduce overall vehicle weight to improve fuel efficiency and reduce carbon emissions has prompted automakers to use resins to replace steel and aluminum in automotive components.

Favorable federal regulations on CO2 emissions set by agencies such as the National Highway Traffic Safety Administration and the Environmental Protection Agency (EPA), as well as EU initiatives to develop plastics applications for light-weight and fuel-efficient cars, are expected to fuel global growth and promote the market. However, the ongoing health crisis and the lockdown imposed by various governments to contain the spread of the coronavirus pandemic have led to a decline in the consumption of plastic resins. It is expected to further negatively impact the market growth in the years to come.

Strict restrictions governing the recyclability and deterioration of traditional building materials like metal and wood are likely to boost the demand for textiles in pipes, windows, cables, storage tanks, and other uses. Plastics are long-lasting and energy-efficient, as well as cost-effective and safe, which encourages their usage in construction. The global market is segmented into crystalline resin, non-crystalline resin, engineering plastics, and super engineering plastics by type. The crystalline resin was the largest segment, accounting for 61.9% of global sales in 2021. The crystalline resin segment mainly includes epoxy, polyethylene, and polypropylene resins.

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Plastic Resin Market Report Highlights

• Crystalline dominated the market across all product segments in terms of revenue, accounting for a 58.23% market share in 2025, and is forecasted to grow at a 3.8% CAGR from 2026 to 2033.

• Packaging dominated the market across the applications segmentation in terms of revenue, accounting for a market share of 41.32% in 2025, and is forecasted to grow at a 4.0% CAGR from 2026 to 2033.

• The plastic resin market in China held the largest share, accounting for 44.70% of the revenue in 2025, and is expected to grow at the fastest CAGR of 3.9% over the forecast period

Plastic Resin Market Segmentation

Grand View Research has segmented the global plastic resin market on the basis of product, applications, and region:

Plastic Resin Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Crystalline

  • Epoxy

  • Polyethylene

  • Polyethylene Terephthalate (PET)

  • Polypropylene

• Non-crystalline

  • Polyvinyl Chloride (PVC)

  • Polystyrene (PS)

  • Acrylonitrile butadiene styrene (ABS)

  • Polymethyl Methacrylate (PMMA)

• Engineering Plastic

  • Nylon

  • Polybutylene Terephthalate (PBT)

  • Polycarbonate (PC)

  • Polyurethane (PU)

  • Polyphenylene Oxide (PPO)

  • Polyamide

• Super Engineering Plastic

  • Polyphenylene Sulfide (PPS)

  • Polyether Ether Ketone (PEEK)

  • Polysulfone (PSU)

  • Polyphenylsulfone (PPSU)

  • Liquid Crystal Polymer (LCP)

• Other Products

Plastic Resin Applications Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Packaging

  • Food

  • Beverage

  • Medical

  • Retail

  • Other packaging applications

• Automotive

• Construction

• Electrical & Electronics

  • OA Equipment and Home Appliances

  • Electronic Materials

  • Other E&E applications

• Logistics

• Consumer Goods

• Textiles & Clothing

  • Clothing

  • Industrial use

  • Other textile & clothing applications

• Furniture & Bedding

• Agriculture

• Medical Devices

• Other applications

Plastic Resin Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Poland

  • Spain

• China

• Asia

  • India

  • Japan

  • South Korea

  • Singapore

  • Malaysia

  • Thailand

  • Indonesia

  • Vietnam

  • Australia

• Pacific

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • UAE

  • Oman

List of Key Players of Plastic Resin Market

• BASF SE

• SABIC

• Dow Inc.

• DuPont de Nemours, Inc.

• Evonik Industries AG

• Sumitomo Chemical Co., Ltd

• Celanese Corporation

• Eastman Chemical Company

• Chevron Phillips Chemical Co., LLC

• Lotte Chemical Corporation

• Exxon Mobil Corporation

• Formosa Plastics Corporation

• Toray Industries, Inc.

• MITSUI & CO. LTD

• TEIJIN LIMITED

• LG Chem

• Avient Corporation