Asia Pacific Plastic Resin Market Size, Share, and COVID-19 Impact Analysis, By Product (Crystalline Resin, Non-crystalline Resin, Engineering Plastic, and Super Engineering Plastic), By Application (Packaging, Automotive, Construction, and Others), and Asia Pacific Plastic Resin Market Insights, Industry Trend, Forecasts to 2035.

Asia Pacific Plastic Resin Market Insights Forecasts to 2035

• The Asia Pacific Plastic Resin Market Size was estimated at USD 67.2 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 23.23% from 2025 to 2035
• The Asia Pacific Plastic Resin Market Size is Expected to Reach USD 668.5 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the Asia Pacific Plastic Resin Market is anticipated to reach USD 668.5 billion by 2035, growing at a CAGR of 23.23% from 2025 to 2035. The growing need of plastic resin across industries like automotive, construction, and electrical & electronics is driving the market in the Asia Pacific region.

Market Overview

The Asia Pacific plastic resin market refers to the manufacturing and sale of raw plastic resins, which are based materials transformed into plastic products. Plastic resin is a synthetic material derived primarily from petrochemicals, though some types can be sourced from renewable materials. The resin appears as small granules or pellets in raw form. It is the most valuable materials in modern manufacturing from automotive to medical application. Government support including infrastructure investments and technological developments for promoting plastic industry, ultimately impacting the plastic resin market. The trend towards sustainable packaging and personalized packaging solutions are bolstering the market growth opportunities for plastic resin.

Report Coverage

This research report categorizes the market for the Asia Pacific plastic resin market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific plastic resin market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific plastic resin market.

Driving Factors

The use of plastic resins for creating diverse range of products such as bottles, car components, pipes, electronic casings, and medical devices are driving the market. Plastic resins is used in under-the-hood components, interiors, and exteriors of automobiles as well as for producing personal protective equipment in the healthcare sector. Further, plastic resin provides materials such as pipes, insulation, and flooring in the construction industry as well as for insulating and protective materials in the electronics industry.  

Restraining Factors

The challenges associated with plastic recycling processes, with stringent environmental regulations are expected to hamper the market. Further, the supply chain disruptions and volatility in raw material prices are challenging the market growth.

Market Segmentation

The Asia Pacific plastic resin market share is classified into product and application.

• The crystalline resin segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific plastic resin market is segmented by product into crystalline resin, non-crystalline resin, engineering plastic, and super engineering plastic. Among these, the crystalline resin segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Crystalline plastic resin has strong durability and barrier qualities. Thus, application of crystalline plastic resin in packaging sector is propelling the market growth. 

• The packaging segment dominated the plastic resin market in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific plastic resin market is segmented by application into packaging, automotive, construction, and others. Among these, the packaging segment dominated the plastic resin market in 2024 and is expected to grow at a significant CAGR during the forecast period. An increasing demand for packaged foods & beverages, along with establishment of severe criteria for safe use of plastic materials is propelling the plastic resin market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific plastic resin market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• LyondellBasell Industries
• Dow
• ExxonMobil
• Formosa Plastics Corp.
• DuPont
• Others

Recent Developments:

• In May 2020, Dow developed and commercialized a new formulated post-consumer recycled (PCR) plastic resin designed for collation shrink film applications in Asia Pacific.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific Plastic Resin Market based on the below-mentioned segments:

Asia Pacific Plastic Resin Market, By Product

• Crystalline Resin
• Non-crystalline Resin
• Engineering Plastic
• Super Engineering Plastic

Asia Pacific Plastic Resin Market, By Application

• Packaging
• Automotive
• Construction
• Others