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Synthetic Resins in Europe Procurement Price, Data and Insights
Synthetic resins, also commonly known as plastics, are man-made resins that harden when initially exposed to heat or pressure. Synthetic resins come in two main types: thermoset plastics and thermoplastics. Thermoset plastics are irreversibly cured, which means that, unlike thermoplastics, they cannot be reheated and melted into different shapes once set into a solid state. Key buyers include plastic film, sheet, and bag manufacturers, plastic pipe and part manufacturers, tire manufacturers, and semiconductor and electronic component manufacturers.
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What’s included in this market coverage
IBISWorld's research coverage on the Synthetic Resins procurement and pricing environment in Europe includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Synthetic Resins market in Europe includes Polyethylene Resin, Polypropylene Resin, Polyvinyl Chloride (PVC) Resin and Epoxy Resin. Standard coding in this coverage includes HS-3911-Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones And Similar Products Of Chemical Synthesis N.E.C. In Chapter 39, In Primary Forms, ISIC-2013-Manufacture of plastics and synthetic rubber in primary forms, NACE-20.16-Manufacture Of Plastics In Primary Forms, NAICS-325210-Resin and synthetic rubber manufacturing and UNSPSC-13101900-Thermoset plastics.
What common market terminology is included?
Common market terminology included in the Synthetic Resins procurement coverage includes Petrochemical (A petroleum-based chemical product.), Volatile Organic Compound (VOC) (An organic compound that evaporates at a low temperature and can emit vapors that harm human health.) and Curing (A process in which a polymer hardens or toughens through exposure to ultraviolet light, heat or high-energy radiation.).
What companies are included as top suppliers?
The top companies covered in the Synthetic Resins procurement report as suppliers are Arkema SA, Evonik Industries AG, Lyondellbasell Industries N.V., Eni SpA and Ineos Ltd.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Synthetic Resins market in Europe category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per kg, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Synthetic Resins market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Synthetic Resins procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Synthetic Resins market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Synthetic Resins market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Synthetic Resins?
The 2026 benchmark market price for Synthetic Resins is €2.43 per kg. Prices have declined at a CAGR of -0.54 from 2023-26.
Who are the top vendors in the Synthetic Resins market?
The top vendors in the Synthetic Resins market include Arkema SA, Evonik Industries AG, Lyondellbasell Industries N.V., Eni SpA and Ineos Ltd.
What industries supply the Synthetic Resins market?
The top industries supplying the Synthetic Resins market are Computer, Peripheral Equipment & Software Wholesaling in Europe, Pump, Compressor, Tap & Valve Manufacturing in Europe, Other Machinery & Equipment Wholesaling in Europe, Iron & Steel Casting in Europe, Plastic Product Manufacturing in Europe and Chemical & Fertiliser Minerals Mining in Europe.
What is the supply chain risk for Synthetic Resins?
Moderate concentration and technological innovation foster accessible, competitive sourcing opportunities. The EU synthetic resin market consists of a balanced mix of dominant global players and specialized regional manufacturers, driving consistent innovation in sustainable resin technologies. Buyers benefit from this competition through diversified supply options, access to eco-friendly resin formulations, and improved pricing transparency. Establishing supplier partnerships that emphasize R&D collaboration and long-term cost performance will enhance flexibility while securing access to next-generation materials.
What factors affect the price of Synthetic Resins?
Regulatory compliance significantly affects the pricing of synthetic resins by imposing costs related to safety, environmental standards, and production processes. For example, compliance with the European Union's REACH regulations requires manufacturers to register chemical substances, which can lead to increased operational costs, ultimately reflected in higher prices for thermoplastics and thermoset plastics.
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