Plastic Resin Market Share, Growth and Future Analysis

The global Plastic Resin Market size is expected to reach USD 1.07 trillion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a 4.5% CAGR over the forecast period.  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.

Related Press Release@ Plastic Resin Market Report

Plastic Resin Market Report Highlights

• Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2023 and is further expected to witness maximum growth over the forecast period
• As of 2023, China accounted for the maximum revenue share in the market, with 40.24%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a positive impact on the automotive industry
• The advent of bio-based plastic resins has played a prominent role in food and beverage, and pharmaceutical applications. Polymers such as PET and PC are increasingly utilized in the beverages packaging and consumer goods sector 

Plastic Resin Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 996.52 billion
Revenue forecast in 2030	USD 1.07 trillion
Growth rate	CAGR of 4.5% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

 

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Plastic Resin Market Segmentation

Grand View Research has segmented the global plastic resin market report based on product, application, and region: 

Plastic Resin Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Crystalline Resin
• Epoxy
• Polyethylene
• Polypropylene
• Non-crystalline Resin
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Acrylonitrile Butadiene Styrene (ABS)
• Polymethyl Methacrylate (PMMA)
• Engineering Plastic
• Nylon
• Polybutylene Terephthalate (PBT)
• Polycarbonate (PC)
• Polyamide
• Super Engineering Plastic
• Polyphenylene Sulfide (PPS)
• Polyether Ether Ketone (PEEK)
• Liquid Crystal Polymer (LCP)

Plastic Resin Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Packaging
• Food
• Beverage
• Medical
• Retail
• Others
• Automotive
• Construction
• Electrical & Electronics
• OA Equipment & Home Appliances
• Electronic Materials
• Others
• Logistics
• Consumer Goods
• Textiles & Clothing
• Clothing
• Industrial use
• Others
• Furniture & Bedding
• Agriculture
• Medical Devices
• Others

Plastic Resin Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Poland
• Spain
• China
• Asia
• India
• Japan
• Thailand
• Malaysia
• Indonesia
• Vietnam
• Singapore
• Philippines
• Pacific
• Central & South America (MEA)
• Brazil
• Argentina
• Middle East and Africa (MEA)
• Saudi Arabia
• UAE
• Oman

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com

For More Information: https://www.grandviewresearch.com 

Nitrile Butadiene Rubber Market By ARLANXEO; Zeon Chemicals L.P.; NITRIFLEX; SIBUR; PetroChina Company Limited; Dynasol Group; Synthos S.A.

 

The global Nitrile Butadiene Rubber Market size is expected to reach USD 3.26 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.8% from 2024 to 2030. Extensive utilization of nitrile butadiene rubber (NBR) across the automotive and transportation industry along with usage across hoses & gaskets across the oil & gas industry are anticipated to propel the demand for NBR. However, since acrylonitrile and butadiene are both the major raw materials for NBR, fluctuations across the prices of these raw materials poses as a challenge for the market. Furthermore, the NBR market space is highly competitive, since many manufacturers are indulged in implementing strategic initiatives such as production expansion, new product launch, merger & acquisitions, and other.

Nitrile butadiene rubber products, such as hoses, oil handling seals, drill bit seals, and self-sealing fuel tanks, molded shapes, and others are widely utilized in oil & gas industry. Properties such as excellent oil, fuel, grease resistance, heat resistance, and abrasion resistance are significantly propelling the demand for nitrile butadiene rubber in oil & gas industry. Increasing oil & gas drilling activities, especially shale gas, are fuelling the growth of oil & gas industry, which, in turn, is further anticipated to drive the market growth. Shale gas is a natural gas found confined within shale formations and is extracted using horizontal drilling and hydraulic fracturing technologies. Shale gas has become an important source of natural gas in the U.S. Studies suggest that shale gas is expected to greatly expand the global energy supply.

Rising scale of automotive manufacturing and the increasing use of modified plastics are expected to act as a key driver for the growth of NBR market over the forecast period. NBR is extensively used in automotive industry owing to its properties such as resistance to oil & chemicals, structural stability in extreme temperatures, and impact resistance. NBR is used in automotive components such as hoses, cables & belting, O-rings & seals, and other molded & extruded products. In addition, NBR powder is used in automotive industry in gasket manufacturing. Requirement of these components in the service of automotive also creates an opportunity for NBR in the aftermarket.

Acrylonitrile and butadiene are the major raw materials of nitrile butadiene rubber. Acrylonitrile is derived from propylene and butadiene is extracted from crude butylene concentration stream, (a byproduct of ethylene and propylene). Ethylene and propylene are further produced from crude oil derivatives. Thus, the variation in crude oil prices has a significant impact on the price of nitrile butadiene rubber. Fluctuations in crude oil prices can be attributed to supply-demand imbalance, seasonal variation, and political instability.

Related Press Release@ Nitrile Butadiene Rubber Market Report

Nitrile Butadiene Rubber Market Report Highlights

• Nitrile butadiene rubber (NBR) is a petroleum-based, oil-resistant synthetic rubber and used across various applications including automotive, oil & gas, metallurgy & mining, construction, medical, and others. This oil-resistant synthetic rubber is produced by emulsifying butadiene and acrylonitrile together in water and then polymerizing the end product.
• Highly volatile prices of raw materials are expected to affect the overall growth of the market. Key ingredients, including acrylonitrile and butadiene, have witnessed sharp fluctuations in raw material prices, which is expected to negatively affect the growth of the market over the forecast period.
• North America’s market for nitrile butadiene rubber is estimated to witness significant growth owing to the broadening application scope of NBR and the growth of end-use industries. Industrial & medical gloves segment is likely to progress at a fast-paced CAGR on account of a well-established medical industry in the region and stringent regulations regarding the health & safety of workers in industries.
• The global per capita energy requirement is gradually increasing over the years, which is expected to portray growth opportunities for the U.S. oil & gas industry. In addition, increasing shale gas production in the country is projected to fuel the growth of oil & gas industry. Factors such as tax credits, low-interest rates, R&D programs for natural gas, and focus on reducing the dependency on foreign oil & gas imports are propelling shale gas production in the country. All these aforementioned factors are expected to drive the oil & gas industry in the U.S., which, in turn, is projected to create significant demand for nitrile butadiene rubber in the country over the forecast period.

Nitrile Butadiene Rubber Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 2.33 billion
Revenue forecast in 2030	USD 3.26 billion
Growth rate	CAGR of 5.8% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

 

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Nitrile Butadiene Rubber Market Segmentation

Grand View Research has segmented the nitrile butadiene rubber market report on the basis of basis of product, application and region:

Nitrile Butadiene Rubber (NBR) Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Hoses
• Belts
• Cables
• Molded & Extruded Products
• Seals & O-rings
• Rubber Compounds
• Adhesives & Sealants
• Gloves
• Foamed Products
• Others

Nitrile Butadiene Rubber (NBR) Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive
• Mechanical Engineering
• Oil & Gas
• Metallurgy & Mining
• Construction
• Medical
• Others

Nitrile Butadiene Rubber (NBR) Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• GCC Countries
• South Africa

List of Key Players of Nitrile Butadiene Rubber Market

• ARLANXEO
• Zeon Chemicals L.P.
• NITRIFLEX
• SIBUR
• PetroChina Company Limited
• Dynasol Group
• Synthos S.A.
• KUMHO PETROCHEMICAL
• LG Chem
• Versalis S.p.A.
• JSR Corporation
• AirBoss of America
• Atlantic Gasket Corporation
• Precision Associates, Inc.
• Anqing Hualan Technology Co., Ltd.
• NANTEX Industry Co., Ltd.
• Apcotex Industries Limited
• Chang Rubber
• Hanna Rubber Company

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Polymer Foam Market By Arkema Group; Armacell International S.A; BASF SE; Borealis AG; Fritz Nauer AG; Koepp Schaum GmbH

The global Polymer Foam Market size is anticipated to reach USD 588.99 billion by 2030 and is anticipated to expand at a CAGR of 23.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Polymer foams are often lightweight, have high energy absorption, a high strength-to-weight ratio, and provide comfort due to their flexibility and softness. Growing population in the emerging economies of Asia Pacific, rising disposable income, and increase in purchasing power parity are the factors expected to propel the demand for automobiles over the forecast period.

Furthermore, various factors such as foam density, tensile strength, elongation, hardness, and vibration dampening are considered while designing the car seat. Providing comfort to an individual is also one of the key factors considered by automotive seat manufacturers. Polyurethane (PU) foams are durable, lightweight, versatile, resistant to corrosion & vibration, and recyclable and offer a high level of freedom in terms of geometric design.

Moreover, the growing global elderly population, particularly in Japan and Germany, has increased demand for memory foam-based bedding products including mattresses and pillows. Mattresses manufactured from these foams support the entire body and assist to relieve pain. Additionally, the growing influence of sustainable building materials is driving up demand for building materials that contribute to building energy efficiency. Polyurethane foams can assist in reducing the carbon emissions that lead to global warming by providing insulation to buildings. Some of the common application areas of polyurethane foams in buildings include pipes, roofs, cavity walls, and floors.

Related Press Release@ Polymer Foam Market Report

Polymer Foam Market Report Highlights

• Polystyrene foam type dominated the source segment with more than 88.0% share in 2023. The growth in the construction sector, including residential, commercial, and infrastructure projects, drives the demand for expanded polystyrene foam foams due to their excellent thermal insulation properties.
• The polyurethane foam type segment is expected to grow at a significant CAGR over the forecast period.
• The building & construction application segment held the largest market share of 37.12% in 2023. Building & construction is expected to be the most important industry for polymer foam products owing to their various beneficial characteristics including excellent sound & thermal insulation, strength to weight ratio, load bearing capacity, and chemical resistance.
• The robust growth of building & construction and automotive industries coupled with ambitious wind energy capacity addition targets set by China, India, Germany, and the UK is expected to boost the demand for polymer foam across several end-use industries.
• Asia Pacific dominated the market owing to the substantial industrial growth and urbanization, which has resulted in an increase in demand for lightweight materials such as polymer foams in a variety of industries such as construction, automotive, packaging, and electronics. In addition, the Asia Pacific region has a vast and quickly rising population.
• In January 2023, Firestable Insulation Company launched industry-leading open & closed cell spray foam products, including StablebaseTM 2.0 Max R and StablebaseTM 0.5 Max Yield spray polyurethane foam (SPF). StablebaseTM 2.0 Max R is a two-component, next-generation hydrofluoroolefins (HFO) blown, closed-cell, spray-applied polyurethane foam solution. Similarly, StablebaseTM 0.5 Max Yield is a two-component, one-to-one, open-cell, spray-applied polyurethane foam.

Polymer Foam Market Report Scope 

Report Attribute	Details
Market size value in 2024	USD 162.90 billion
Revenue forecast in 2030	USD 588.99 billion
Growth rate	CAGR of 23.9% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

 

Request For A Free Consultation @ https://www.grandviewresearch.com/request-free-consultation/1320/rfc

Polymer Foam Market Segmentation

Grand View Research has segmented the global polymer foam market on the basis of type, application, and region:

Polymer Foam Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

• Polyurethane Foam
• Polystyrene Foam
• PVC Foam
• Phenolic Foam 
• Polyolefin Foam
• Melamine Foam
• Others

Polymer Foam Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

• Packaging
• Building & Constructions
• Furniture & Bedding
• Automotive
• Rail
• Wind
• Marine
• Others

Polymer Foam Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Singapore
• Indonesia
• Central & South America (MEA)
• Brazil
• Middle East and Africa (MEA)

List of Key Players in the Polymer Foam Market

• Arkema Group
• Armacell International S.A.
• BASF SE
• Borealis AG
• Fritz Nauer AG
• Koepp Schaum GmbH
• JSP Corporation
• Polymer Technologies, Inc.
• Recticel NV
• Rogers Corporation
• SEKISUI ALVEO AG
• Synthos S.A.
• DowDuPont, Inc.
• Trelleborg AB
• Zotefoams plc
• Woodbridge Foam Corporation
• Sealed Air Corporation

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com