Specialty Resins Market 2021 Disclosing Latest Trends and Advancement Outlook 2030

The Specialty Resins Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

“The global specialty resins market is expected to grow from $6.73 billion in 2020 to $7.07 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the increased demand for industrial packaging products. The market is expected to reach $9.49 billion in 2025 at a CAGR of 7.7%.”

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Top Leading Companies of Specialty Resins Market are - Aldex Chemical Company Limited, Radiant Color NV, Huntsman International LLC, Purolite, Mitsubishi Chemical Corporation, Thermax Limited, International Speciality Chemicals Ltd, BASF SE, Emerald Performance Materials, Arkema, Royal DSM, Pure Resin, Kolon Industries, Suqing, Specialty Resin Chemical and others.

Industry News and Updates:

In September 2020, Allnex, a Germany-based producer of industrial coating resins introduced PHENODUR PR 616/65B, a modern environmentally friendly phenolic resin with a very low free formaldehyde value of less than 0.1%. In BPA-NI applications, PHENODUR PR 616/65B can be combined with high molecular weight polyester or high molecular weight epoxy resins for stable and versatile packaging and drum lining.

In 2019, US based DuPont Transportation & Advanced Polymers launched its bio-based material, DuPont Zytel RS polyamide, which is made from castor oil. The company also launched a new non-halogen flame retardant PET resin, which is made from post-consumer recycled resin, helping customers to reduce their environmental footprints.

In November 2020, Jacobi, a Sweden-based supplier of activated carbon, ion exchange resins, and mobile filter services acquired Finex for an undisclosed amount. Through this acquisition, Jacobi widens its portfolio of ion exchange resins. Finex is a Finland-based developer and manufacturer of chromatographic separation resins and specialty polymers.

The Specialty Resins Market is segmented by Type and Application as follows:

1) By Resin Type: Epoxy, Unsaturated Polyester Resin (UPR), Vinyl, Polyamides

2) By Function: Protection, Insulation, Others

3) By End Use Industry: Building And Construction, Automotive, Water Treatment, Marine, Electrical And Electronics, Aerospace, Others

The growing demand for the construction industry is projected to fuel the growth of the specialty resins market over the coming years. Construction is a wide industry that involves anything from mining, quarrying, and forestry to infrastructure and building construction, product manufacturing and supply, and repair, service, and disposal. Epoxy resin, a form of specialty resin, is used in the manufacturing of coatings, adhesives, flooring, plastics, primers and sealers, paints, and other building and construction products and components. For instance, according to construction industry statistics, the construction sector in the USA produced $2 trillion in sales in 2019. The average spending of the USA construction industry is nearly $1,231 billion every year. Therefore, the growing demand for the construction industry drives the growth of the specialty resins market.

Asia Pacific was the largest region in the specialty resins market in 2020. Europe was the second-largest market in the specialty resins market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Specialty Resins Market Size & Analysis (2016 - 2030)
- Market Share Analysis of Specialty Resins Market (%),2016 - 2030
- Specialty Resins Market Share, By Brand
- Specialty Resins Market Share, By Company
- Specialty Resins Market Assessment & Opportunity (Value),2016 - 2030
- Major Companies Specialty Resins Market Value Analysis & Forecast
- Promising Specialty Resins Development by Major Companies
- Detailed Specialty Resins Portfolio of the Major Companies
- Major Deals in the Specialty Resins Market
- Major Companies Analysis

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