Specialty Resins Market Size Forecast: $12.61 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Specialty Resins Market by 2025?
The market size of specialty resins has experienced constant expansion over recent years. The market, worth $9.05 billion in 2024, is projected to expand to a value of $9.48 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. The surge experienced in the past can be linked to an increased demand for high-efficiency materials, environment-friendly substitutes, industrial uses, advanced materials demand, and growth in the construction sector.

What Is the Estimated Market Growth Value for the Specialty Resins Industry in 2029?
The market size of specialty resins is projected to witness robust expansion in the coming years. It is set to reach a valuation of $12.61 billion in 2029, with a compound annual growth rate (CAGR) of 7.4%. Factors propelling growth for the forecast period include an increasing need for bespoke solutions, sustainable and eco-friendly initiatives, innovative composite substances, intelligent manufacturing, and electric vehicles (EVs). Emerging trends for this period comprise bio-based resins, additive manufacturing and 3D printing, advanced coating methods, smart production procedures linked to the Internet of Things (IoT), and miniaturization of electronics.

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What Are the Growth Drivers and Opportunities in the Specialty Resins Market?
The specialty resins market is expected to expand due to an increase in demand within the construction sector. This sector includes a vast array of activities such as mining, quarrying, forestry, infrastructure development, building construction, production, supply, maintenance, servicing, and disposal. A type of specialty resin, epoxy resin, is employed in the creation of coatings, adhesives, floors, plastics, primers, sealants, paints, and a variety of other construction and building products and components. To illustrate, the Office for National Statistics, a statistical body from the United Kingdom, reported that monthly construction output in volumes went up by 0.4% in August 2022, marking the second successive increment after July 2022's upward revision to 0.1%. Furthermore, August 2022 stands as the second most productive month (El 5,011 million) in terms of output levels; May 2022 remains the all-time highest recording since January 2010 (El 5,035 million). Hence, the upward trajectory in the construction industry's demand spurs the growth of the specialty resins market.

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What Are the Primary Segments Covered in the Global Specialty Resins Market Report?
The specialty resins market covered in this report is segmented -

1) By Resin Type: Epoxy, Unsaturated Polyester Resin (UPR), Vinyl, Polyamides
2) By Function: Protection, Insulation, Other Functions
3) By End Use Industry: Building And Construction, Automotive, Water Treatment, Marine, Electrical And Electronics, Aerospace, Other End Use Industries

Subsegments:
1) By Epoxy: Liquid Epoxy Resins, Solid Epoxy Resins, Modified Epoxy Resins, Epoxy Adhesives
2) By Unsaturated Polyester Resin (UPR): Orthophthalic UPR, Isophthalic UPR, Dicyclopentadiene (DCPD) UPR, Vinyl Ester Resins
3) By Vinyl: Vinyl Ester Resins, Vinyl Chloride Resins, Vinyl Butyral Resins
4) By Polyamides: Aliphatic Polyamides, Aromatic Polyamides, Polyamide Imides (PAI)

What Are the Top Growth Trends in the Specialty Resins Market?
The rise of technological progress has become a notable trend in the specialty resins sector. Leading entities in this industry are prioritizing the creation of technologically sophisticated specialty resin products. A case in point, in October 2023, Germany's ASK Chemicals company rolled out reziance, a new brand collection of industrial resins. This reziance collection comprises high-grade phenolic resins as well as specialty services for casting, alongside a progressively expanding array of industrial uses.

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Which Companies Are Shaping the Future of the Specialty Resins Market?
Major companies operating in the specialty resins market include Aldex Chemical Company Limited, Radiant Color NV, Huntsman International LLC, Purolite Corporation, Mitsubishi Chemical Corporation, Thermax Limited, International Specialty Chemicals Ltd., BASF SE, Emerald Performance Materials LLC, Arkema S.A., Koninklijke DSM N.V., Pure Resin Co. Ltd., Kolon Industries Inc., Suqing Group, Specialty Resin Chemical Co. Ltd., Scott Bader Company Limited, Aditya Birla Chemicals (Thailand) Limited, DIC Corporation, Allnex Belgium SA/NV, Polynt SpA, INEOS Group Limited, Reichhold LLC, Sika AG, Sinopec Baling Company Limited, Eternal Materials Co. Ltd., Chang Chun Plastics Co. Ltd., Kukdo Chemical Co. Ltd., Hitachi Chemical Company Ltd., Nanya Plastics Corporation, SABIC Innovative Plastics US LLC, Sumitomo Bakelite Co. Ltd., Kyocera Chemical Corporation.

Which Region Holds the Largest Market Share in the Specialty Resins Industry?
Asia-Pacific was the largest region in the specialty resins market in 2024. Europe was the second-largest market in the specialty resin market. The regions covered in the specialty resins market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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