수지 시장 규모, 점유율, 성장 분석 : 유형별, 용도별, 최종 이용 산업별, 지역별 - 산업 예측(2024-2031년)

Global Resin Market size was valued at USD 529.52 billion in 2022 and is poised to grow from USD 556.00 billion in 2023 to USD 821.47 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

The petrochemical industry has encountered significant challenges due to volatile crude oil prices, which have elevated production costs. Labor and raw material shortages, supply chain disruptions, and stringent regulatory measures compelled several plastic resin manufacturers to curtail or cease operations. However, the demand surge for plastic packaging in essential sectors, including food and beverage, pharmaceuticals, and e-commerce, mitigated some pandemic-related market setbacks. The heightened need for personal protective equipment such as gloves, face shields, and masks further fueled this demand. Nevertheless, global lockdowns severely restricted the flow of goods, creating substantial supply chain impediments for producers. Trade barriers, particularly in major markets like China and India, led to material shortages, limiting manufacturers' ability to meet production targets effectively.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Resin market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Resin Market Segmental Analysis

Global Resin Market is segmented by Type, Application, End-use Industry and region. Based on Type, the market is segmented into Epoxy, Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polystyrene, Silicone, Others. Based on Application, the market is segmented into Coatings, Composites, Construction, Electronics. Based on End-use Industry, the market is segmented into Packaging, Automotive & Transportation, Building & Construction, Consumer Goods/Lifestyle, Electrical & Electronics, Agriculture, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Resin Market

The global resin market is experiencing significant growth driven by an increasing demand for high-strength resin materials across various sectors. This expansion is largely attributed to the rising utilization of polypropylene (PP) in industries such as construction, automotive, and medical. In the automotive sector, polypropylene's lightweight nature, chemical resistance, and cost-effectiveness make it an ideal choice for manufacturing auto parts. Additionally, the growing preference for personal vehicles, influenced by population growth and changing lifestyles, is propelling market development. In the medical field, polypropylene's impressive properties, including moisture resistance and high flexural strength, facilitate its use in diverse medical devices. Furthermore, ongoing technological advancements and research efforts aimed at developing more sustainable polymers are expected to further promote market growth.

Restraints in the Global Resin Market

The global resin market faces significant restraints due to the rapid fluctuations in raw material costs, primarily driven by the petroleum-based feedstock used in plastic production. Variations in crude oil prices, influenced by factors such as supply and demand dynamics, natural disasters, and changes in production expenses, directly affect the pricing of resins. Additionally, the reliance on fossil fuels like coal, oil, and natural gas for plastic manufacturing raises environmental concerns, leading to the implementation of stringent regulations aimed at reducing plastic pollution. These government restrictions on crude oil and petroleum usage further hinder market growth, suggesting that these challenges will continue to impact the resin market during the forecast period.

Market Trends of the Global Resin Market

The Global Resin market is witnessing a dynamic trend characterized by strategic mergers and acquisitions aimed at expanding market reach into developing and underdeveloped regions, which present vast untapped potential. Industry leaders are prioritizing research and development to innovate and produce advanced resin formulations to cater to the demands of a growing population. This proactive approach not only enhances product offerings but also strengthens competitive positioning in rapidly evolving markets. As sustainability and versatility become increasingly crucial, companies are focusing on eco-friendly and high-performance resin solutions, paving the way for substantial growth and diversification opportunities across the global landscape.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis

Global Resin Market Size by Type & CAGR (2024-2031)

• Market Overview
• Epoxy
• Polyethylene
• Polypropylene
• Polyethylene Terephthalate
• Polyvinyl Chloride
• Acrylonitrile Butadiene Styrene
• Polyamide
• Polycarbonate
• Polyurethane
• Polystyrene
• Silicone
• Others

Global Resin Market Size by Application & CAGR (2024-2031)

• Market Overview
• Coatings
• Composites
• Construction
• Electronics
• Others

Global Resin Market Size by End-use Industry & CAGR (2024-2031)

• Market Overview
• Packaging
• Automotive & Transportation
• Building & Construction
• Consumer Goods/Lifestyle
• Electrical & Electronics
• Agriculture
• Others

Global Resin Market Size & CAGR (2024-2031)

• North America, (Type, Application, End-use Industry)
  • US
  • Canada
• Europe, (Type, Application, End-use Industry)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, Application, End-use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, Application, End-use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, Application, End-use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Dow Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ExxonMobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LyondellBasell Industries N.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DuPont de Nemours, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Chemical Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arkema SA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Covestro AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huntsman International LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INEOS Holdings Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nova Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Qenos
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hexion
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsui Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kolon Industries, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Domo Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ZEON Europe GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jiangsu Liside New Material Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shenzhen QIANGYU Engineering Plastics Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation