Specialty Resins - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Specialty Resins Market is accounted for $8.18 billion in 2019 and is expected to reach $14.48 billion by 2027 growing at a CAGR of 7.4% during the forecast period. Increasing demand from the building & construction industry, a rise in the disposable income of consumers and an increase in the demand for specialty resins from the automotive industry are some of the factors propelling the growth of the market. However, the availability of low-cost substituent is hampering the growth of the market.
Specialty resins are high volume produced plastic at low cost. Specialty resins with higher functionality are often required for improvement of product performance in challenging applications. Most widely used type of specialty resin is an epoxy resin for composite material.
Based on the end-user, the automotive & transportation segment is anticipated to hold considerable market share during the forecast period as this automotive industry relies heavily on coating technologies to protect critical auto components and impart a unique and stylish appearance. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the improvement in standards of living, rise in the disposable income of consumers, and an increase in urbanization.
Some of the key players profiled in the Specialty Resins Market include Thermax Limited, Royal DSM, Arkema, Purolite, Mitsubishi Chemical Corporation, Mexichem S.A.B. de C.V., International Speciality Chemicals Ltd, Huntsman International LLC, Emerald Performance Materials, Dow DuPont, BASF SE, Aldex Chemical Company Limited, and Radiant Color NV.
Resin Types Covered:
• Unsaturated Polyester Resin (UPR)
Product Types Covered:
• Wear-Resistant Resin
• Water-Absorbing Resin
Sales Channels Covered:
• Distribution Channel
• Direct Channel
End Users Covered:
• Water Treatment
• Building & Construction
• Automotive & Transportation
• Electronics & Semiconductors
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.