Plastic Resins Market Report 2026

The plastic resins market size has grown strongly in recent years. It will grow from $765.29 billion in 2025 to $816.06 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of automotive manufacturing, growth of plastic-based packaging solutions, rising construction material demand, increasing use of plastics in electrical insulation, availability of cost-effective resin formulations.

The plastic resins market size is expected to see strong growth in the next few years. It will grow to $1.04 trillion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising demand for sustainable plastic alternatives, expansion of electric vehicle component manufacturing, growing use of advanced plastics in medical devices, increasing investments in recycling-compatible resins, rising focus on circular plastic economy. Major trends in the forecast period include increasing demand for lightweight plastic components, rising adoption of engineering and super engineering plastics, growing use of plastics in electrical and electronics applications, expansion of high-performance resin applications, enhanced focus on material customization.

The growing demand for lightweight materials in the automotive and aviation industries is driving the plastic resins market. Lightweight materials provide high performance, achieving similar safety and durability as aluminum and steel, while reducing weight and carbon dioxide emissions in vehicles and aircraft. Plastic resins, a composite blend, are rotationally molded into durable and versatile items that can mimic the appearance of stone or metal at lower cost and weight, and are used to manufacture automotive and aviation components such as door panels, flooring, and engine parts. For instance, in October 2025, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global electric car sales surpassed 17 million units in 2024, representing over 20% of total car sales, with an increase of 3.5 million units from the previous year, and are projected to exceed 20 million units in 2025, accounting for more than one-quarter of worldwide car sales. Therefore, the rising demand for lightweight materials in automotive and aviation applications is driving growth in the plastic resins market.

Major companies in the plastic resins market are forming strategic partnerships to produce 100% post-consumer recycled resin for packaging and other applications, promoting circularity in the plastics industry. For instance, in August 2023, Republic Services and Ravago established Blue Polymers, a partnership to process recycled polyethylene and polypropylene from Republic Services’ Polymer Centers into recycled resin for use in sustainable food-grade and non-food-grade products. Ravago also markets and distributes part of the PET flake produced at the centers to its customer network.

In August 2023, Ravago, Inc., a Belgium-based distributor and recycler of polymers and rubber with a diverse portfolio that includes a wide range of raw materials for various industries, acquired M. Holland Company for an undisclosed amount. This acquisition aims to strengthen Ravago, Inc.'s market presence and operational capabilities while promoting long-term growth and innovation within the plastics industry. M. Holland Company is a leading US-based distributor of thermoplastic resins, offering a broad selection of plastic materials to various industries.

Major companies operating in the plastic resins market are Dow Inc., ExxonMobil Chemical Company, LyondellBasell Industries, SABIC (Saudi Basic Industries Corporation), BASF SE, INEOS Group, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Teijin Limited, Covestro AG, Eastman Chemical Company, Evonik Industries AG, Lotte Chemical Corporation, Toray Industries, Inc., Sumitomo Chemical Co., Ltd., Celanese Corporation, Mitsui Chemicals, Inc., LG Chem Ltd., TotalEnergies (plastics division), BRASKEM S.A., Sinopec (China Petroleum & Chemical Corp.), Reliance Industries Limited, Borealis AG, Alpek S.A.B. de C.V., China Lumena New Materials Corp.

Asia-Pacific was the largest region in the plastic resins market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic resins market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The plastic resins market consists of sales of xxx. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.