Market Research Insights

  San Francisco, 17 Oct 2022:  The Report  Plastic Resins Market  Size, Share & Trends Analysis Report By Product (Crystalline Resin, Engineering Plastic), By Application (Packaging, Medical Devices), By Region (China, APAC), And Segment Forecasts, 2022 - 2030 The global plastic resins 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 wel

  San Francisco, 4 June 2021:   The Report  Plastic Resins Market  Size, Share & Trends Analysis Report By Product (Crystalline Resin, Engineering Plastic), By Application (Packaging, Medical Devices), By Region (China, APAC), And Segment Forecasts, 2021 - 2028 The global plastic resins market size is expected to reach USD 975.4 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.2% over the forecast period. Increasing product consumption in construction, automotive, and electrical & electronics applications is expected to propel the market growth. Regulatory intervention to reduce gross vehicle weight to improve fuel efficiency, as well as to reduce carbon emissions, has driven automotive OEMs to adopt resins as a substitute to steel and aluminum for fabricating automotive components. This, in turn, will boost the market growth. Favorable federal regulations laid down by agencies, such as the National Highway Traffic