Plastic Resin Market Outlook:
Plastic Resin Market size was over USD 907.2 billion in 2025 and is poised to exceed USD 1.42 trillion by 2035, growing at over 4.6% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of plastic resin is estimated at USD 944.76 billion.
Plastics and polymers comprise over 10% of a vehicle’s weight and are key substitutes for heavy steel and iron automobile components. Polyethylene, polyamides, polypropylene, and PVCs, along with other specialty polymers are the type of plastics used in the automotive industry. According to the U.S. Department of Energy, reducing 10% of automotive weight can influence improvement in fuel economy by about 6%-8%. More focus is on improving the additives for plastics by utilizing carbon-negative materials and decarbonizing the polymer materials used in the automotive industry.
