Top Plastic Resins Companies

Plastic Resins Market size was valued at USD 798.55 Billion in 2024 and is poised to grow from USD 834.48 Billion in 2025 to USD 1186.72 Billion by 2033, growing at a CAGR of 4.5% during the forecast period (2026–2033).

The global plastic resins market is significantly fragmented due to presence of large number of locals as well as regional players. Key players adopted strategies such as merger, acquisitions, product launch, product expansion to strengthen their position in the global market. Major players increased their focus on the recycled plastic resins. 'LyondellBasell Industries N.V. (Netherlands) ', 'Formosa Plastics Corporation (Taiwan) ', 'Braskem S.A. (Brazil) ', 'Trinseo S.A. (United States) ', 'Amcor plc (Australia) ', 'Berry Global Group, Inc. (United States) ', 'ExxonMobil Chemical Company (United States) ', 'SABIC (Saudi Basic Industries Corporation) (Saudi Arabia) ', 'Dow Inc. (United States) ', 'BASF SE (Germany) ', 'INEOS Group Holdings S.A. (United Kingdom) ', 'TotalEnergies SE (France) ', 'LG Chem Ltd. (South Korea) ', 'Chevron Phillips Chemical Company LLC (United States) ', 'Reliance Industries Limited (India) ', 'Mitsubishi Chemical Corporation (Japan) ', 'Sumitomo Chemical Co., Ltd. (Japan) ', 'Lotte Chemical Corporation (South Korea) ', 'Westlake Chemical Corporation (United States) ', 'Sinopec Limited (China)'

The demand for plastic is increased in the automobile industry as it helps to reduce fuel consumption by reducing the density and weight of the vehicles. Plastic resins have wide application in automotive industry such as seat cushions, suspension brushing, wheels, tires and hard parts. Recently, manufacturers in the automobile industry are focusing on production of electric vehicles due increasing consumer awareness about the benefits of electric vehicles. This factor is anticipated to drive market growth.

The technological advancement in the plastic resin is the creation of bioplastic. These plastics are made from renewable biomass sources. The examples are as follows PLA, PHA, and CPLA. PLA is compostable, recycled, and biodegradable.

Asia Pacific is expected to account for the largest revenue share in 2021. China is the leading country in Asia Pacific and is expected to account for approximately 35% share in the global plastic resin market. China is self-sufficient in terms of plastic production with an adequate number of plants and production capacity to meet the local demand. China accounts for nearly one-fourth of the world's plastic production capacity and has more than 15,000 plastic factories. China produces roughly seven million metric tons of plastic products every month. Further, China exports various types of plastics to neighbouring countries due to its large production base.