Resin Market Size Analysis and Top Companies
The global resin market size is estimated to hit around USD 915.41 billion by 2033, increasing from USD 561.98 billion in 2023 with a CAGR of 5% from 2023 to 2033. The top companies operating in the resin are Arkema, BASF SE, DuPont, Mitsubishi Engineering-Plastics Corporation, Mitsui Chemicals, Nova Chemicals, Invista, LyondellBasell, Qenos, INEOS Holdings Ltd., Teijin Limited, Tosoh Corporation, Toray Group, Hexion, Radici Group, SABIC, Repsol, Sumitomo Chemical Co. Ltd., and Others.
Market Report Coverage
| Report Coverage |
Details |
| Growth Rate from 2024 to 2033 |
CAGR of 5% |
| Market Size in 2023 |
USD 561.98 Billion |
| Market Size in 2024 |
USD 915.41 Billion |
| Market Size by 2033 |
USD 961.18 Billion |
| Largest Market |
Asia Pacific |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Type and By End-use Industry |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle |
Resin Key Players
- Arkema (France)
- BASF SE (Germany)
- DuPont (U.S.)
- Mitsubishi Engineering-Plastics Corporation (Japan)
- Mitsui Chemicals (Japan)
- Nova Chemicals (Canada)
- Invista (U.S.)
- LyondellBasell (Netherlands)
- Qenos (Australia)
- INEOS Holdings Ltd. (U.K.)
- Teijin Limited (Japan)
- Tosoh Corporation (Japan)
- Toray Group (Japan)
- Hexion (U.S.)
- Radici Group (Italy)
- SABIC (Saudi Arabia)
- Repsol (Spain)
- Sumitomo Chemical Co. Ltd. (Japan)
Recent Developments
- November 2023: Raise3D launched its new DF2 Solution. With this, the company marked its debut in photopolymer resin 3D printing and expanded its portfolio of professional and industrial 3D printing.
- November 2023: Lubrizol and Grasim Industries Limited, launched a 100,000 metric-ton CPVC resin plant in Vilayat, Gujarat. The project helps in catering mounting CPVC demand in India and neighboring countries such as Indonesia, Nepal, and Bangladesh.
- September 2023: Montachem partnered with Loliware to launch seaweed based resins into European market.
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