Resin Market - What will be the Short-term Impact of Coronavirus? | DuPont, Tosoh Corporation, Arkema, BASF, Repsol, Toray Group (Malaysia), Hexion Inc., Mitsui Chemicals Group, LyondellBasell, etc

The Global Resin Market is projected to gain momentum from the rising demand for sustainable packaging for water bottles and food items. This information is published in an upcoming report by Fortune Business Insights(TM), titled, "Resin Market Size, Share & Industry Analysis, By Type (Polypropylene, Polyvinyl chloride, Polyurethane, Polyethylene terephthalate, Polystyrene, expanded polystyrene, others), By End-Use Industry (Packaging, Building & Construction, Automotive & Transportation, Electrical & electronics, Agriculture, others) and Regional Forecast, 2019-2026." The report further mentions that the automotive industry is exhibiting an increasing demand owing to the ongoing resin market trend of light weight vehicles.

What Does this Report Contain?

o In-depth study of the contracts and developments by prominent companies.
o Assessment of resin market growth drivers, obstacles, opportunities, and challenges.
o Current, historical, and forecasted size of the market.
o Detailed analysis about all the niche segments present in the market.
o Major changes in the market dynamics.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Get Sample PDF Brochure with "Short-Term and Long-Term Impact of COVID-19" on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/resin-market-101746

List of Best companies that are operating in the Global Resin Market are:

o Iinvista
o Dupont
o Tosoh Corporation
o Arkema
o Quenos
o BASF
o Repsol
o Ineos Holdings Limited
o Toray Group
o Hexion
o Mitsui Chemicals
o Lyondellbasell
o Teijin Limited
o Mitsubishi Engineering-Plastics Corporation
o Sumitomo Chemical Co. Ltd.
o Nova chemicals
o SABIC
o Radici Group
o Other key market players

Technological Advancements and Rising Population to Favor Growth in Asia Pacific

The market is geographically segregated into Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. Amongst them, Asia Pacific is in the dominant position by gaining the largest resin market share at present. This growth is attributable to the rising demand from the emerging economies, such as Japan, China, and India. China is considered to be one of the biggest consumers of resin on account of high demand from automotive and packaging end use industries. Apart from that, technological advancement and ever-increasing population are set to aid in boosting the resin market size in this region.

Europe and North America, on the other hand, are anticipated to showcase slow growth owing to the rising demand from electronics, electrical, and automotive industries. In the Middle East and Africa and Latin America, there is an increasing demand for resins from building and construction as well as consumer goods industries. Besides, rising trend of sustainable developments and technological advancements will support the resins market growth.

Key Players Focus on Acquiring Other Prominent Companies to Gain Robust Position

The market includes several big, small, and medium organizations. They are striving persistently to gain maximum resin market share through mergers and acquisitions and product launches. Below are a couple of the latest industry developments:

Major Segments includes:

By Type
o Polypropylene
o Polyvinyl chloride
o Polyurethane
o Polyethylene terephthalate
o Polystyrene
o Expanded polystyrene
o Acrylonitrile butadiene styrene
o Polyamides, polycarbonates
o Poly methyl methacrylate
o Other thermoplastics
o Other plastics

By End-Use Industry
o Packaging
o Building & Construction
o Automotive & Transportation
o Electrical & electronics
o Agriculture
o Consumer goods
o Others

By Geography

o June 2019: Dow Chemical Company, a company formed by the merger of Dow Chemical and DuPont, headquartered in the U.S., organized a ceremony for its latest high-value silicone resin plant to be situated at the company's manufacturing site in Jiangsu, China. The new facility will expand the company's high-value silicone resin capacity to meet the urgent demand for the creation of silicone products in the emerging markets and significant industries.

o March 2019: Dow and BioLogiQ declared that they are partnering up to examine potential synergies between Dow's industry-leading polyethylene resin portfolio and BioLogiQ's novel NuPlastiQ� BioPolymer. It will help in producing more plant-based plastic products. BioLogiQ is committed to developing plastics from renewable energy sources and it will also use Dow's research and developments. Moreover, Dow's increasing plastic resin sales and distribution networks will be used by BioLogiQ to check whether they can leverage plant-based plastics.

o March 2019: Arkema S.A., a specialty chemicals and advanced materials company headquartered in France, declared that it has started a Kepstan PEKK (poly-ether ketone-ketone) plant at its site near Ala. The facility manufactures plastic additives. It has helped in creating around 23 new job opportunities. This investment will strengthen the company's offerings of innovative materials in the automotive, electronics, oil & gas, and aeronautics market. It will also produce lightweight materials, which is one of its innovative platforms for sustainable development.

o August 2015: Mitsubishi Engineering-Plastics Corporation, a comprehensive engineering plastics manufacturer, unveiled its new Iupital A10-03 with superior creep resistance as well as Iupital A25-03 equipped with high grade flowability and rigidity. Lupital A25-03 possesses around 10 percent higher mechanical properties and astonishing flowability as compared to the traditional polyacetal resins.

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This release was published on openPR.