The Global Resin Market is projected to gain momentum from the rising demand for sustainable packaging for water bottles and food items. This information is published in an upcoming report by Fortune Business Insights™, titled, “Resin Market Size, Share & Industry Analysis, By Type (Polypropylene, Polyvinyl chloride, Polyurethane, Polyethylene terephthalate, Polystyrene, expanded polystyrene, others), By End-Use Industry (Packaging, Building & Construction, Automotive & Transportation, Electrical & electronics, Agriculture, others) and Regional Forecast, 2019-2026.” The report further mentions that the automotive industry is exhibiting an increasing demand owing to the ongoing resin market trend of light weight vehicles.

List of Best companies that are operating in the Global Resin Market are:

• Iinvista

• Dupont

• Tosoh Corporation

• Arkema

• Quenos

• BASF

• Repsol

• Ineos Holdings Limited

• Toray Group

• Hexion

• Mitsui Chemicals

• Lyondellbasell

• Teijin Limited

• Mitsubishi Engineering-Plastics Corporation

• Sumitomo Chemical Co. Ltd.

• Nova chemicals

• SABIC

• Radici Group

• Other key market players

Browse More Information: https://www.fortunebusinessinsights.com/industry-reports/resin-market-101746

Technological Advancements and Rising Population to Favor Growth in Asia Pacific

The market is geographically segregated into Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. Amongst them, Asia Pacific is in the dominant position by gaining the largest resin market share at present. This growth is attributable to the rising demand from the emerging economies, such as Japan, China, and India. China is considered to be one of the biggest consumers of resin on account of high demand from automotive and packaging end use industries. Apart from that, technological advancement and ever-increasing population are set to aid in boosting the resin market size in this region.

Europe and North America, on the other hand, are anticipated to showcase slow growth owing to the rising demand from electronics, electrical, and automotive industries. In the Middle East and Africa and Latin America, there is an increasing demand for resins from building and construction as well as consumer goods industries. Besides, rising trend of sustainable developments and technological advancements will support the resins market growth.

Industry Key Updates:

• June 2019: Dow Chemical Company, a company formed by the merger of Dow Chemical and DuPont, headquartered in the U.S., organized a ceremony for its latest high-value silicone resin plant to be situated at the company’s manufacturing site in Jiangsu, China. The new facility will expand the company’s high-value silicone resin capacity to meet the urgent demand for the creation of silicone products in the emerging markets and significant industries.

• March 2019: Dow and BioLogiQ declared that they are partnering up to examine potential synergies between Dow’s industry-leading polyethylene resin portfolio and BioLogiQ’s novel NuPlastiQ® BioPolymer. It will help in producing more plant-based plastic products. BioLogiQ is committed to developing plastics from renewable energy sources and it will also use Dow’s research and developments. Moreover, Dow’s increasing plastic resin sales and distribution networks will be used by BioLogiQ to check whether they can leverage plant-based plastics.