The global resin market size was USD 593.94 billion in 2024. The market is projected to grow from USD 623.27 billion in 2025 to USD 875.41 billion by 2032 at a CAGR of 5.0% during the forecast period. Resin is a solid or viscous substance derived from plants or synthetically produced. Natural resins form during plant growth or are secreted when plants are injured. Various manufacturing processes convert resins into final products, and rising demand across end-use industries is driving market growth.
Resin is typically a solid or highly viscous material obtained from plants or artificially produced in a lab. The increasing need for polypropylene in the automotive and construction sectors is expected to drive the market’s growth. Fortune Business Insights presents this information in their report titled "Global Resin Market, 2025–2032."
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Segments:
Dominance of Polyethylene (PE) and Polypropylene (PP)
By type, the market is segmented into polyurethane, acrylonitrile butadiene styrene (ABS), polyethylene (PE), polystyrene, polypropylene (PP), polyethylene terephthalate (PET), polycarbonate, polyvinyl chloride (PVC), polyamide, and others.
PE and PP lead the segment, driven by their extensive use in automotive and healthcare industries. Their moldability, chemical resistance, electrical insulation, and heat resistance make them highly preferred materials.
Rapid Growth of Packaging Sector
By end-use industry, the market is categorized into agriculture, automotive & transportation, building & construction, packaging, consumer goods/lifestyle, electrical & electronics, and others.
The packaging segment is projected to grow the fastest due to rising demand for safe, convenient, and attractive packaging solutions across multiple industries.
Report Coverage:
The report offers:
Drivers & Restraints: