Press release
Global Specialty Resins Market
Global Specialty Resins Market – Industry Analysis and Forecast (2018-2026) – by Resin Type, End User, and Region.Global Specialty Resins Market was valued at US$ 7.45 Bn in 2017 and is expected to reach US$ 11.34 Bn by 2026, at a CAGR of 5.4 % during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Specialty resins market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Specialty resins market.
Specialty resins with higher functionality are often required for improvement of product performance in challenging applications. The global specialty resins market is driven by rise in the demand from the building & construction industry. Usage of specialty resins in adhesives, coatings, and sealants is essential to meet quality requirements of the building & construction sector. These resins have excellent chemical resistance and high resistance to temperature. Hence, a large amount of resins are anticipated to be used in the construction of infrastructure projects along with residential and non-residential buildings in the near future.
Increasing demand of specialty resin from automotive industry is likely to offer attractive growth in near future. The automotive industry relies heavily on coating technologies to protect critical auto components and impart a unique and stylish appearance. These coatings need to provide high performance expected by consumers, while also meeting increasingly stricter regulatory requirements for low volatile component emissions. Specialty resins protect metal and plastic components of cars such as chassis and suspension systems from corrosion. Specialty epoxy resins are used in structural adhesives for assembly and structural composite applications. The global automotive sector is expected to expand at a considerable pace during the forecast period, due to significant increase in the demand for vehicles. Thus, rise in the production of automobiles is projected to boost the demand for specialty resins during the forecast period.
Epoxy resins is a widely used type of specialty resins and a highly versatile family of resins that are used as binders for coatings, adhesives, sealants, and matrices for composite materials. These products are, in turn, used in several applications such as construction, flooring, aerospace, packaging, electronics, sports & leisure, and household appliances. It enhances the durability and reliability of products. They are the most used of all specialty resins, due to their better performance.
Geographically, Asia Pacific Specialty resin market is anticipated to grow at a high CAGR during the forecast period. Asia Pacific region has emerged as the leading consumer and producer of specialty resin. Improvement in standards of living, rise in the disposable income of consumers, and increase in urbanization are major factors fueling construction activities around in the Asia Pacific.
In the Asia Pacific region China held the largest share in 2017. It is followed by India. Demand for specialty resins is anticipated to increase in the residential segment of the construction sector in the near future, due to growth in urbanization and rise in population. India is expected to be a rapidly expanding sector for building & construction during the forecast period, owing to rapid development of infrastructure coupled with government support.
For More Information about Report Visit here https://www.maximizemarketresearch.com/market-report/global-specialty-resins-market/26265/
The scope of Specialty Resins Market:
Global Specialty Resins Market, by Resin Type
• Vinyl
• Epoxy
• Polyamides
• Unsaturated Polyester Resin
• Others
Global Specialty Resins Market, by End use Industry
• Building & Construction
• Automotive
• Water Treatment
• Marine
• Electrical & Electronics
• Aerospace
Global Specialty Resins Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Specialty Resins Market:
• Dow DuPont
• BASF SE
• Emerald Performance Materials
• Arkema
• Huntsman International LLC
• Mexichem S.A.B. de C.V.
• Royal DSM
• Aldex Chemical Company Limited
• Radiant Color NV
• International Speciality Chemicals Ltd
• Purolite
• Mitsubishi Chemical Corporation
• Thermax Limited
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
For More Information about Report Visit here https://www.maximizemarketresearch.com/market-report/global-specialty-resins-market/26265/
Report Published by https://www.maximizemarketresearch.com MAXIMIZE MARKET RESEARCH
Omkar Heights,
Sinhagad Road,
Manik Baug, Vadgaon Bk,
Pune, Maharashtra 411051, India.
+91 96071 95908
sales@maximizemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Specialty Resins Market here
News-ID: 1572370 • Views: …
More Releases for Resin
Alkyd Resin Market
The "Alkyd Resin Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Alkyd Resin Market, 2024-2031
Verified Market Research's most recent report, "Alkyd Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Water Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, Hex …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Water Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.58% between 2024 and 2031. The market is expected to grow to USD 68 Billion by 2024. The valuation is expected to reach USD 199.02 Billion by 2031.
The market for water-based amino resin is expanding rapidly due to the growing…
Solvent Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, A …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Solvent Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.57% between 2024 and 2031. The market is expected to grow to USD 45.6 Billion by 2024. The valuation is expected to reach USD 133.38 Billion by 2031.
The market for solvent-based amino resin is expanding significantly due to its extensive…
Alkyd Resin Market
According to the latest research report published by Market Data Forecast, the global alkyd resin market is expected to grow at a CAGR of 3.32% during the forecast period 2024-2029. The market value was at USD 2.89 billion in 2023, and the value is expected to reach USD 3.52 billion by the end of 2029.
Alkyd resin is the oil-modified complex polyester that acts as a film-forming agent in paints and…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Polyethylene Naphthalate Resin (PEN Resin) Market 2022 | Detailed Report
The research reports on "Polyethylene Naphthalate Resin (PEN Resin) Market" report gives detailed overview of factors that affect global business scope. Polyethylene Naphthalate Resin (PEN Resin) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download…