Graph and download economic data for Producer Price Index by Industry: Plastics Material and Resin Manufacturing (PCU325211325211) from Jun 1976 to Feb 2025 about resin, plastics, materials, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Plastics Material and Resins Manufacturing: Primary Products was 282.40400 Index Dec 1980=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Plastics Material and Resins Manufacturing: Primary Products reached a record high of 355.60100 in October of 2021 and a record low of 31.80000 in March of 1971. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Plastics Material and Resins Manufacturing: Primary Products - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Plastic Resins and Materials (WPS066) from Jan 1967 to Feb 2025 about resin, plastics, materials, chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

Plastic Resins Market Size And Forecast

Plastic Resins Market size was valued at USD 417.7 Billion in 2024 and is projected to reach USD 589.49 Billion by 2031, growing at a CAGR of 4.40% during the forecast period 2024-2031.

Global Plastic Resins Market Drivers

The market drivers for the Plastic Resins Market can be influenced by various factors. These may include:

Increasing Demand From End-Use Industries: Plastic resins are widely used by the automotive, construction, electronics, and healthcare industries. The market is significantly driven by the demand from these industries.

Population Growth And Urbanisation: Products manufactured of plastic resins, such as consumer goods, building materials, and packaging materials, are in greater demand as the world’s population continues to rise, especially in urban areas.

Technological Developments: Continuous improvements in the processes used to make plastic resins result in better products in terms of performance, quality, and affordability, which propels market expansion.

Environmental Rules And Sustainability Concerns: Demand for sustainable alternatives, such bio-based and biodegradable plastics, is driven by increased environmental consciousness and stringent rules on single-use plastics. This has an impact on market dynamics.

Transition To Lightweight And Fuel-Efficient Cars: The automotive sector’s emphasis on lowering vehicle weight to improve fuel economy and comply with regulations raises demand for lightweight composites and polymers, which propels the Plastic Resins Market.

Consumer Preferences And Lifestyle Shifts: Shifting consumer preferences towards sustainability, ease of use, and aesthetics affect the market for plastic resins by driving up demand for plastic items.

Infrastructure Development: The need for building materials, such as plastic resins used in pipes, fittings, insulation, and other uses, is fueled by infrastructure development initiatives, particularly in rising nations.

Economic Development And Industrialization: In developing nations, these factors promote infrastructural development and a rise in industry, which in turn increases demand for plastic resins.

Globalisation And Commerce Dynamics: The dynamics of supply and demand for plastic resins are influenced by geopolitical considerations, tariffs, and patterns of global commerce, which in turn affects market expansion.

Prices And Availability Of Raw Materials: The pricing and availability of raw materials like petrochemicals, natural gas, and crude oil have a direct impact on the costs associated with producing plastic resins, which in turn affects market dynamics.

Plastic and resin manufacturers are experiencing transformation driven by regulatory pressures and an increasing focus on sustainable practices. New regulations aimed at reducing plastic waste and enhancing recycling rates are compelling manufacturers to adopt circular economy models. This shift is essential as companies strive to meet both regulatory requirements and consumer expectations for eco-friendly products. Companies, such as Dow Chemical and LyondellBasell, are responding by developing recycled and reusable products, which both address regulatory demands and position them favorably in the market. Simultaneously, demand for lightweight materials in sectors like automotive and aviation is expanding. These sectors are increasingly opting for advanced resins, such as carbon fiber-reinforced polymers (CFRP), due to their superior strength-to-weight ratios. This demand is driving investments in research and development aimed at creating high-performance materials that meet industry-specific needs. As companies innovate to keep pace with these trends, they also navigate regulatory changes and cost implications, along with volatility in input costs and shifts in economic growth patterns. Despite experiencing 1.8% CAGR growth during the current period, with revenues reaching $110.4 billion, elevated volatility in commodity prices has contributed to severe revenue fluctuations. In 2025 alone, revenue is projected to decline 2.8%, driven by a combination of cost and demand factors. Looking forward, the ability to sustain market share in foreign markets and domestic economic expansion are pivotal for the industry's future success. The projected revenue increase to $114.0 billion by 2030 at a 0.6% CAGR highlights the need for a global outreach strategy. However, navigating tariffs remains a challenge, as they can affect trade dynamics and market access. A weaker US dollar may provide some relief by enhancing export competitiveness. Domestically, increased demand in the construction and automotive sectors will support the need for plastic and resin materials. Additionally, manufacturers will increasingly invest in low-emission technologies and sustainability-driven innovations, balancing adaptation costs with the need to maintain profitability and leadership in a rapidly evolving market landscape.

Plastic resin shipments amounted to a global total of some 653 billion U.S. dollars in 2019. In 2005, this value was 400 billion U.S. dollars lower. Plastics are a widely used material globally.

In 2024, the U.S. plastics materials and resin market decreased by -0.4% to $67.9B, falling for the sixth consecutive year after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $80.5B in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

The plastic resins market size is projected to be valued at US$ 798.38 billion in 2023 and is expected to rise to US$ 1,239.86 billion by 2033. The sales of plastic resins are expected to expand at a significant CAGR of 4.5% during the forecast period.

Attribute	Details
Plastic Resins Market Estimated Size (2023)	US$ 798.38 billion
Plastic Resins Market CAGR (2023 to 2033)	4.5%
Plastic Resins Market Forecasted Size (2033)	US$ 1,239.86 billion

Scope of the Report

Attributes	Details
Growth Rate	CAGR of 4.5% from 2023 to 2033
Base Year of Estimation	2023
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and Volume in Units and F-CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	By Product type By Application By Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	The United States Canada Brazil Mexico Germany Italy France The United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	SABIC BASF SE Dow Inc. Sumitomo Chemical Evonik Industries Arkema Teijin Limited Eastman Chemical Company Celanese Corporation Chevron Phillips Chemical Co., LLC Exxon Mobil Corporation Lotte Chemical Corporation Formosa Plastics Corporation Toray Industries, Inc. Covestro AG Mitsui & Co. Plastics Ltd.
Customization & Pricing	Available upon Request

The global plastic resin market is likely to rise from USD 954.27 billion in 2024 to USD 1.76 trillion by 2037, reflecting a CAGR of around 4.8% during the forecast timeline, from 2025 to 2037. Key industry players include SABIC, Evonik Industries AG, Dow, DuPont, among others.

The global plastic resin market is valued at USD 829 billion, driven by increasing demand in key sectors such as automotive, construction, packaging, and consumer goods.

Learn about the factors that affect the price of polyethylene resin, including supply and demand, raw materials, production costs, type and grade of material, and geopolitical factors. Understanding these factors can help predict and manage pricing for this widely-used plastic.

Global polyvinyl chloride (PVC) prices were 750 U.S. dollars per metric ton in October 2024. This was the lowest monthly PVC price since May 2020. The highest price over the past three years was recorded in October 2021, at 1,735 U.S. dollars per metric ton. Since then, monthly PVC prices have mostly been on a downward trajectory.

Linear low density polyethylene (LLDPE) accounted for 19.75 percent of resins sales and captive use in the United States in 2023. This was a similar share to that of high density polyethylene (HDPE). In total, thermoplastics accounted for 86.8 percent of U.S. resins sales and captive use in 2023.

This statistic depicts the forecast market value of plastic compounds in the United States from 2019 to 2025. By 2025, the market value of plastics in the U.S. is expected to reach around 105.6 billion U.S. dollars.

14039 Global import shipment records of Plastic Resin Polymer with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

China Primary Form Plastic Product & Synthetic Resin: Total Tax: Year to Date data was reported at 18.103 RMB bn in Oct 2015. This records an increase from the previous number of 15.542 RMB bn for Sep 2015. China Primary Form Plastic Product & Synthetic Resin: Total Tax: Year to Date data is updated monthly, averaging 5.250 RMB bn from Jan 2006 (Median) to Oct 2015, with 90 observations. The data reached an all-time high of 22.176 RMB bn in Dec 2013 and a record low of 0.619 RMB bn in Feb 2006. China Primary Form Plastic Product & Synthetic Resin: Total Tax: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHN: Synthetic Material: Primary Form Plastic Product and Synthetic Resin.

The Plastic Resins Market is projected to grow at 6.8% CAGR, reaching $1013.4 Billion by 2029. Where is the industry heading next? Get the sample report now!

In 2023, the global average price of polypropylene (PP) was 968 U.S. dollars per ton – a decrease of 165 U.S. dollars, compared with the previous years. The global polypropylene market The global polypropylene market was valued at 120.94 billion U.S. dollars in 2022. The global PP market is projected to continue growing over the next decade, registering a CAGR of 3.5 percent during the forecast period of 2023 to 2030 to reach a value of 159.87 billion U.S. dollars. This will see the polypropylene market volume rise to over 100 million metric tons by 2030. Polypropylene end-uses Polypropylene is one of the most commonly used thermoplastics due to its elasticity and durability and is used across a wide range of end-uses including electronics, transportation, and construction. However, the major end- user of polypropylene is the plastic packaging industry.

Explore the factors influencing the price of Polylactic Acid (PLA) resin, a popular biodegradable plastic. Learn about the impact of raw material costs, demand in packaging and 3D printing sectors, and geopolitical influences on PLA pricing.

The price of high-density polyethylene (HDPE) has fluctuated significantly from 2017 to 2023, reaching a low of 837 U.S. dollars per metric ton in 2020 and a high of 1,211 U.S. dollars per metric ton in 2018. The price was shown to have increased slightly from this 2020 minimum to a value of 988 U.S. dollars per metric ton in 2023. HDPE as a petrochemical derivative   One of the main factors that influences the HDPE market is the price of the raw material ethylene. Ethylene is a petrochemical product that is significantly affected by global oil prices and supply and demand dynamics. In 2021 the global ethylene market size was valued at 176 billion U.S. dollars and was forecast to increase to a value of 287 billion U.S. dollars by 2030. The ethylene market is predominantly dominated by the Asia Pacific region , contributing 42.6 percent of total revenue. China holds the position of the world's largest consumer of ethylene, accounting for 18 percent of global demand, while the remaining Asian countries consumed 22 percent. Environmental concerns and HDPE alternatives HDPE poses significant environmental concerns due to its non-biodegradability and challenges in recycling. Since 1950, the global production of plastic materials has exceeded nine billion metric tons, but only nine percent of them have been recycled. The remaining plastic waste has been either discarded in landfills or released into the environment. As one of the most widely manufactured plastics worldwide, HDPE waste can accumulate over time, leading to pollution and adverse health effects for both humans and animals. To address these issues, various alternatives to HDPE are being developed or utilized, such as bioplastics, synthetic paper, and bio-based HDPE. These alternatives aim to mitigate the environmental impacts of HDPE by utilizing renewable resources, biodegradable materials, or minimizing carbon emissions. However, these alternatives also have notable drawbacks, including higher costs, reduced performance, and the potential for competition with food crops.