Plastic Resins Market is projected to expand at a 4.5% CAGR over the forecast period 2022 to 2030
Plastic Resins Industry Overview The global plastic resins market size was estimated at USD 731.25 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Rising product demand from the construction, automotive, and electrical & electronics sectors is the key factor driving the market growth. The rapidly developing global automotive industry is expected to trigger the product demand in applications such as under-the-hood components, exteriors, and interiors of automobiles. The increasing application of resins in the automotive industry is spurred by the demand for lightweight and inexpensive multi-utility vehicle models with high fuel efficiency and an emphasis on aesthetics and comfort. Gather more insights about the market drivers, restrains and growth of the Global Plastic Resins Market The product consumption is also expected to increase in the healthcare sector owing to the growing production of Personal Protective Equip...