Construction consumes 35 percent of global resins. Asia Pacific accounts for 55 percent of worldwide production capacity. The synthetic resins market holds a value of 55.6 billion dollars.
Key Takeaways
- Construction sector consumes 35% of global resins in 2023.
- The global synthetic resins market was valued at USD 55.6 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2023 to 2030.
- Global phenolic resin production capacity reached 25 million tons in 2022.
- Asia Pacific holds 55% of global resin production capacity in 2023.
- 42% of global resins are bio-based or recycled by 2030 target in sustainability goals.
Resin industry statistics show steady demand growth driven by expanding applications across key manufacturing sectors.
Related reading
01 · Category
End-Use Applications20 stats
01
Construction sector consumes 35% of global resins in 2023.
02
Automotive industry uses 22% of epoxy resins worldwide in 2022.
03
Packaging accounts for 28% of PE resin demand globally in 2023.
04
Electrical & electronics sector consumes 18% of phenolic resins in 2022.
05
Paints & coatings use 45% of alkyd resins produced in 2023.
06
Wind energy blades require 15% of unsaturated polyester resins in 2022.
07
Furniture & interiors consume 12% of polyurethane resins globally.
08
Adhesives sector accounts for 25% of acrylic resin usage in 2023.
09
Marine applications use 8% of vinyl ester resins worldwide in 2022.
10
Water treatment consumes 60% of ion exchange resins in 2023.
11
Printing inks utilize 30% of hydrocarbon resins produced globally.
12
Tires & rubber goods account for 20% of polyamide resins in 2022.
13
Composites in aerospace use 10% of epoxy resins in 2023.
14
Footwear industry consumes 15% of PVC resins worldwide.
15
Building & construction holds 40% share in PET resin applications in 2022.
16
Consumer goods use 18% of PS resins globally in 2023.
17
Electronics encapsulation takes 22% of silicone resins in 2022.
18
Wood adhesives consume 55% of urea formaldehyde resins.
19
Laminates & molding compounds use 35% of melamine formaldehyde in 2023.
20
Corrosion-resistant coatings account for 28% of furan resins usage.
Interpretation
End-Use Applications Interpretation
Apparently, when humans aren't busy building, driving, or packaging everything in sight, we're secretly using the world's resins to glue, coat, and power our way through modern life.
02 · Category
Market Size & Growth28 stats
01
The global synthetic resins market was valued at USD 55.6 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2023 to 2030.
02
The epoxy resin market size was estimated at USD 9.45 billion in 2023 and is expected to grow at a CAGR of 6.7% from 2024 to 2030.
03
The global unsaturated polyester resin market is anticipated to reach USD 15.2 billion by 2028, growing at a CAGR of 5.8% from 2021.
04
Phenolic resin market revenue was USD 14.2 billion in 2022, projected to expand at 4.9% CAGR through 2030.
05
The thermoplastic resins market is valued at USD 450 billion in 2023, with a forecasted CAGR of 5.1% to 2032.
06
Global alkyd resin market size stood at USD 6.8 billion in 2022, expected to grow to USD 8.9 billion by 2030 at 3.4% CAGR.
07
Polyurethane resin market was USD 58.9 billion in 2023, projected CAGR of 6.3% to reach USD 92.1 billion by 2030.
08
The amino resin market is estimated to grow from USD 7.2 billion in 2023 to USD 9.8 billion by 2030 at 4.5% CAGR.
09
Vinyl ester resin market size reached USD 1.12 billion in 2022, growing at 6.2% CAGR to 2030.
10
Global ion exchange resin market valued at USD 1.9 billion in 2023, expected CAGR 5.4% to USD 2.8 billion by 2030.
11
Acrylic resin market was USD 19.5 billion in 2022, projected to hit USD 28.4 billion by 2030 at 4.8% CAGR.
12
Silicone resin market size estimated at USD 1.45 billion in 2023, growing at 5.9% CAGR through 2030.
13
The global furan resin market is valued at USD 450 million in 2023, with 4.7% CAGR forecast to 2030.
14
Ketonic resin market reached USD 250 million in 2022, expected to grow at 5.1% CAGR to USD 380 million by 2030.
15
Global dicyclopentadiene resin market size was USD 1.2 billion in 2023, CAGR 4.3% to 2030.
16
Polyester resin market valued at USD 12.5 billion in 2022, projected 5.6% CAGR to USD 19.8 billion by 2030.
17
The benzoxazine resin market is anticipated to grow from USD 120 million in 2023 to USD 250 million by 2030 at 11.2% CAGR.
18
Rosin market size stood at USD 1.3 billion in 2022, expected CAGR 4.2% to USD 1.8 billion by 2030.
19
Casein resin market valued at USD 180 million in 2023, growing at 3.8% CAGR through 2030.
20
Global shellac resin market reached USD 120 million in 2022, projected 4.5% CAGR to 2030.
21
Maleic resin market size estimated at USD 850 million in 2023, CAGR 4.9% to USD 1.2 billion by 2030.
22
Hydrocarbon resin market was USD 3.2 billion in 2022, expected to reach USD 4.8 billion by 2030 at 5.3% CAGR.
23
Polyamide resin market valued at USD 900 million in 2023, growing at 5.7% CAGR to 2030.
24
Chlorinated resin market size stood at USD 4.5 billion in 2022, CAGR 4.1% forecast.
25
The global petroleum resin market is projected to grow from USD 2.9 billion in 2023 to USD 4.1 billion by 2030 at 5.0% CAGR.
26
Styrene copolymer resin market reached USD 1.8 billion in 2022, expected 6.2% CAGR.
27
Global urea formaldehyde resin market valued at USD 12.1 billion in 2023, CAGR 3.9% to 2030.
28
Melamine formaldehyde resin market size was USD 5.6 billion in 2022, projected 4.4% CAGR.
Interpretation
Market Size & Growth Interpretation
The global resin industry is a vast and sticky $55.6 billion landscape that is methodically hardening its future, with even the smallest niche players like benzoxazine aiming to set a blistering pace.
03 · Category
Production Statistics30 stats
01
Global phenolic resin production capacity reached 25 million tons in 2022.
02
Epoxy resin global production volume was 3.2 million metric tons in 2023.
03
Unsaturated polyester resin production stood at 2.8 million tons annually in 2022 worldwide.
04
Polyethylene (PE) resin production capacity globally exceeded 110 million tons in 2023.
05
Polypropylene (PP) resin production reached 85 million metric tons in 2022.
06
PVC resin global production volume was 47 million tons in 2023.
07
PET resin production capacity hit 82 million tons globally in 2022.
08
Polystyrene (PS) resin production stood at 20 million tons in 2023 worldwide.
09
ABS resin global production volume reached 8.5 million metric tons in 2022.
10
Polycarbonate (PC) production capacity was 7.2 million tons in 2023.
11
Polyurethane resin production exceeded 15 million tons globally in 2022.
12
Acrylic resin global production volume was 2.1 million tons in 2023.
13
Silicone resin production capacity reached 1.8 million tons in 2022.
14
Alkyd resin production stood at 1.2 million tons annually worldwide in 2023.
15
Ion exchange resin production volume was 1.5 million tons in 2022.
16
Furan resin global production capacity is 0.45 million tons in 2023.
17
Hydrocarbon resin production reached 3.5 million tons in 2022.
18
Petroleum resin production volume stood at 2.7 million metric tons globally in 2023.
19
Polyamide resin production capacity was 1.1 million tons in 2022.
20
Vinyl ester resin production exceeded 0.9 million tons worldwide in 2023.
21
Amino resin global production volume reached 4.2 million tons in 2022.
22
Rosin production stood at 1.1 million tons in 2023, mainly from China.
23
Maleic resin production capacity is 0.75 million tons globally in 2022.
24
Ketonic resin production volume was 0.22 million tons in 2023.
25
Dicyclopentadiene (DCPD) resin production reached 1.0 million tons in 2022.
26
Benzoxazine resin production capacity stands at 0.15 million tons in 2023.
27
Shellac resin production was 0.11 million tons globally in 2022.
28
Casein resin production volume is approximately 0.16 million tons annually in 2023.
29
Chlorinated resin production exceeded 4.0 million tons in 2022.
30
Styrene copolymer resin production stood at 1.6 million tons in 2023.
Interpretation
Production Statistics Interpretation
The world is quite literally setting itself in plastic, from a staggering 110 million tons of ubiquitous polyethylene to a niche but vital 0.11 million tons of shellac, proving our civilization's adhesive dependency is as vast as it is varied.
More related reading
04 · Category
Regional Analysis28 stats
01
Asia Pacific holds 55% of global resin production capacity in 2023.
02
North America resin market share is 18% of global in 2022.
03
Europe accounts for 22% of epoxy resin consumption in 2023.
04
China produces 40% of world's PVC resin in 2022.
05
India resin market grew at 7.2% CAGR from 2018-2023.
06
Middle East resin production capacity increased by 15% in 2022-2023.
07
Latin America polyester resin consumption rose 4.5% YoY in 2023.
08
Japan holds 12% share in phenolic resin production globally in 2022.
09
South Korea's polyurethane resin output grew 6.8% in 2023.
10
Brazil PE resin production capacity is 5.2 million tons in 2023.
11
Germany epoxy resin consumption per capita is highest in EU at 1.2 kg in 2022.
12
Saudi Arabia resin exports reached USD 2.5 billion in 2023.
13
Russia PP resin production increased 8% in 2022 despite sanctions.
14
ASEAN region resin demand projected to grow 6.5% CAGR to 2030.
15
US resin production capacity utilization rate was 85% in 2023.
16
Indonesia PET resin production hit 1.8 million tons in 2022.
17
UK alkyd resin market declined 2.1% in 2023 due to regulations.
18
Mexico PVC resin imports from US totaled 1.2 million tons in 2023.
19
Australia acrylic resin consumption grew 5.3% YoY in 2022.
20
Turkey hydrocarbon resin production capacity expanded 20% to 0.4 million tons in 2023.
21
Canada PS resin output stable at 0.9 million tons in 2022.
22
Vietnam unsaturated polyester resin production rose 12% in 2023.
23
Iran PE resin capacity reaches 4.5 million tons post-expansion in 2023.
24
Thailand silicone resin market valued at USD 150 million in 2022.
25
Egypt phenolic resin production increased 7% to 0.25 million tons in 2023.
26
Argentina PP resin consumption per capita 15 kg in 2022.
27
UAE resin imports surged 18% in 2023 to support construction.
28
Poland epoxy market share in EU 8% in 2022.
Interpretation
Regional Analysis Interpretation
While Asia Pacific’s overwhelming dominance of global resin production suggests they’re the world's polymer workshop, the spirited and sometimes surprising growth, contractions, and regional specialties everywhere else prove that the world's chemical backbone is a highly competitive and often stubbornly resilient patchwork quilt.
05 · Category
Sustainability & Innovations27 stats
01
42% of global resins are bio-based or recycled by 2030 target in sustainability goals.
02
Recycled PET resin production reached 8 million tons globally in 2023.
03
Bio-resin market growing at 14.2% CAGR from 2023-2030.
04
25% reduction in CO2 emissions targeted for epoxy production by 2030 via green tech.
05
Recycled PVC content in new products increased to 12% in Europe 2023.
06
Plant-based polyurethane resins capture 5% market share in 2023.
07
Phenolic resins with 30% biomass substitution launched in 2022.
08
Water-based alkyd resins now 40% of coatings formulations in 2023.
09
Recyclable thermoset resins developed, reducing waste by 50% in composites.
10
18% of PE production from bio-ethanol in Brazil 2023.
11
Zero-VOC acrylic resins adopted in 35% of paints market.
12
Silicone resins with 20% lower energy footprint in production 2022.
13
Furan resins from agricultural waste now 60% of supply.
14
Hydrocarbon resins from renewable feedstocks hit 10% in 2023.
15
Energy-efficient ion exchange resins reduce water use by 25%.
16
Recycled content in automotive PP resins reaches 25% by 2025 mandate.
17
Bio-based polyester resins for bottles 15% market penetration 2023.
18
LED-curable resins cut energy by 70% in electronics.
19
100% recyclable PET tray innovations commercialized in 2022.
20
Carbon capture in resin plants offsets 10% emissions in pilots 2023.
21
Nano-enhanced resins improve durability, extending life by 40%.
22
Closed-loop recycling for epoxy composites achieves 85% recovery rate.
23
Biodegradable rosin-based resins for packaging launched 2023.
24
Low-global-warming-potential blowing agents in PU foams standard.
25
Digital twin tech optimizes resin production, saving 15% energy.
26
Regenerative agriculture for bio-resin feedstocks expands 20% land.
27
AI-driven formulation reduces resin waste by 30% in manufacturing.
Interpretation
Sustainability & Innovations Interpretation
The resin industry is frantically and creatively trying to green itself, as evidenced by a dizzying array of stats showing everything from plants powering plastics to AI cutting waste, all while desperately chasing a future where nearly half of what we use is either recycled or bio-based by 2030.
Reference
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APA
Karl Becker. (2026, February 13). Resin Industry Statistics. Gitnux. https://gitnux.org/resin-industry-statistics
MLA
Karl Becker. "Resin Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/resin-industry-statistics.
Chicago
Karl Becker. 2026. "Resin Industry Statistics." Gitnux. https://gitnux.org/resin-industry-statistics.
Sources & references
98 datasets cited across this report · attribution is report-level