Plastic Calendering Resins Market Size & Growth Analysis to 2030

The global plastic calendering resins market size was estimated at over USD 22 billion in 2022 and anticipated to register a significant CAGR of over 4% during the forecast period from 2023 to 2029. The increasing demand for calendaring resins in packaging applications especially in the healthcare and food & beverage industry is a major factor driving the market growth. Furthermore, the stringent regulations regarding single-use plastic waste and the increasing inclination towards biodegradable plastic are further anticipated to boost the market over the forecast period. Moreover, the properties associated with the product such as flexibility, durability, toughness, and abrasion resistance is expected to increase the demand for plastic calendaring resins in the next upcoming years.

Market Drivers:

Increasing demand for plastic products: The overall demand for plastic products continues to grow across various industries, such as automotive, construction, packaging, and consumer goods. Plastic calendering resins play a vital role in the production of plastic films, sheets, and other products, meeting the demand for flexible, durable, and cost-effective materials.

Advancements in calendering technology: Calendering is a process used to manufacture plastic films and sheets by passing the plastic material through a series of rolls. Advancements in calendering technology, such as improved roll design, temperature control, and precision engineering, have enhanced the efficiency and quality of the calendering process. These advancements drive the demand for plastic calendering resins.

Growing emphasis on lightweight and sustainable materials: There is a growing focus on reducing the weight of products and improving sustainability across industries. Plastic calendering resins offer the advantage of being lightweight compared to other materials, such as metals or glass. Additionally, manufacturers are increasingly seeking sustainable plastic options, including recyclable and bio-based calendering resins.

Expansion of the packaging industry: The packaging industry plays a significant role in driving the demand for plastic calendering resins. The increasing need for packaging materials, such as films and sheets, in food and beverage, pharmaceuticals, and e-commerce sectors, fuels the demand for plastic calendering resins.

Technological advancements in resin formulations: Continuous research and development in resin formulations have resulted in the development of high-performance plastic calendering resins with improved properties. These resins offer enhanced mechanical strength, weather resistance, chemical resistance, and thermal stability, expanding their application in various industries.

Customization and design flexibility: Plastic calendering resins offer design flexibility, allowing manufacturers to create customized products with specific properties, such as color, texture, transparency, and surface finish. This design flexibility enables the production of a wide range of plastic products to meet diverse customer needs, driving the demand for plastic calendering resins.

Cost-effectiveness and efficiency: Plastic calendering resins offer cost advantages over alternative materials, such as metals or glass. The calendering process allows for high-volume production and efficient material utilization, contributing to cost savings. This cost-effectiveness makes plastic calendering resins an attractive choice for manufacturers.

Regulatory and safety compliance: The plastic industry is subject to various regulations and safety standards related to product quality, performance, and environmental impact. Plastic calendering resins that meet these regulatory requirements and comply with safety standards are preferred by manufacturers to ensure product compliance and consumer safety.

Market Snapshot:

Market Insights:

By product type, the polyvinyl chloride segment dominated the global plastic calendering market in 2022

The global plastic calendering resins market is bifurcated into product type, end-use, and geography. On the basis of product type, the market is further segmented into polyvinyl chloride, polyethylene terephthalate, polypropylene, and others. The PVC resins segment dominated the global market in 2022 and expected to hold the largest revenue share of over half of the market by 2029. The widespread use of the product in various industries especially in food & beverage is a significant factor driving the segment growth. Furthermore, the PET resin segment is anticipated to grow at a significant growth rate over the forecast period due to its various unique properties such as flexibility, recyclability, and heat and impact resistance.

By end-use, the healthcare segment is estimated to grow at the fastest growth rate over the forecast period

On the basis of end-use, the market is segmented into food & beverages, automotive, healthcare & medical, electrical & electronics, and others. The food & beverage segment dominated the global plastic calendering resins market in 2022 and anticipated to hold a significant revenue share of around 1/3 market share by the end of the analysis period. The significant use of the product in food packaging, as it is used to improve the shelf life, is one of the prominent factor driving the segment growth. On the flip side, the healthcare segment is accounted to register the fastest CAGR over the forecast period. The significant use of the product in the manufacturing and packaging of medical products is a major factor to fuel the segment growth in the next upcoming years.

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The plastic calendering resins comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2029. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The plastic calendering resins market research report presents the analysis of each segment from 2020 to 2029 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2029.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2029 – Forecast Period

Market Segmentation:

By Product Type:

• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polyethylene Terephthalate Glycol (PETG)
• Others

By End-Use:

• Food & Beverages
• Automotive
• Healthcare & Medical
• Electrical & Electronics
• Construction & Buildings
• Furniture & Furniture Trim
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

By region, Asia Pacific dominated the global market in the benchmark year

On the basis of region, the Asia Pacific dominated the global plastic calendering resins market in 2022 and is expected to hold the largest revenue share of around 1/3 market share by 2029. The region also accounted for the fastest CAGR over the forecast period. The increasing use of the product in food & beverage packaging coupled with the significant growth in population is a major factor driving the market growth in the region. Furthermore, the increasing implementation of regulations regarding single-use plastic waste is further anticipated to fuel the market growth over the forecast period.

Geographically, the plastic calendering resins market report comprises dedicated sections centering on the regional market revenue and trends. The global market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Plastic calendering resins market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2029.

Competitive Assessment:

Some of the major market players operating in the global plastic calendering resins market are Formosa Plastics Corporation, Westlake Corporation, Eastman Chemical Company, Occidental Petroleum Corporation, and Shin-Etsu Chemical Co., Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Formosa Plastics Corporation
• Westlake Corporation
• Eastman Chemical Company
• Occidental Petroleum Corporation
• Shin-Etsu Chemical Co., Ltd.
• Avery Dennison Corporation
• Covestro AG
• Reliance Industries Limited
• LG Chem
• China Petrochemical Corporation
• SK chemicals

Key Questions Answered by Plastic Calendering Resins Market Report

• Global plastic calendering resins market forecasts from 2023-2029
• Regional market forecasts from 2023-2029 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2029 covering 15 major countries from the regions as mentioned above
• Plastic calendering resins submarket forecasts from 2023-2029 covering the market by product type, end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level plastic calendering resins markets from 2023-2029
• Competitive Landscape and market positioning of top 10 players operating in the market