Plastic Resins Market To Witness A Significant Growth Of USD 1.07 Trillion By 2030
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 Enviro...