The plastic raw materials industry is a cornerstone of the global economy, valued at over $700 billion and growing steadily. These materials fuel production across sectors like construction, packaging, automotive, and healthcare—supporting millions of jobs and enabling innovation in product design and functionality.

However, the industry also faces challenges: price volatility due to oil market fluctuations, environmental regulations, and the push toward circular economies. As a result, manufacturers are investing in alternative feedstocks, such as bio-based polymers and recycled plastics, to reduce dependency on fossil fuels and meet sustainability goals.