Global Resins Market Size, Share & Trends Analysis Report, Forecast Period, 2023-2031
Report ID: MS-1888 | Chemicals And Materials | Last updated: Sep, 2024 | Formats*:
Description
Table of content
Market Segments
The Resins market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to
xx billion by 2031, demonstrating a consistent year-over-year growth rate of 5.0%. Resins Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Thermoplastic Resins [Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Ethyl-vinyl acetate (EVA), Polyamide (PA) (Nylon), Polycarbonate (PC), Polyethylene Terephthalate (PET) ], Thermoset Resins [Epoxy Resins, Polyester Resins, Phenolic Resins, Urea-Formaldehyde Resins, Methyl Methacrylate (MMA), Polyurethane Resins, Vinyl ester resins]), by applications (Adhesives & Sealants, Paints & Coatings, Electronic component, Furniture, Jewelry, Gears, pipes, and tubes, Decoration, Others) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2031
The global resins market covers all the activities related to production, distribution, and use of any synthetic or natural resin in various sectors of the economy. Resins are primarily used in making binders, coatings, adhesives, and additives in other products like paints, plastics, composites, and adhesives. The range of resin variants, such as polyester resins, epoxy resins, acrylic resins, phenolic resins, and the like, creates a market whereby each has its own unique characteristics and uses. The resins market is likely to grow in line with the increasing industrialisation, urbanisation, and technological advancement as the urge for high-performance materials and environmentally friendly materials becomes more widespread.
Resins Report Highlights
| Report Metrics | Details |
|---|---|
| Forecast period | 2019-2031 |
| Base Year Of Estimation | 2023 |
| Growth Rate | CAGR of 5.0% |
| By Product Type | Thermoplastic Resins [Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Ethyl-vinyl acetate (EVA), Polyamide (PA) (Nylon), Polycarbonate (PC), Polyethylene Terephthalate (PET) ], Thermoset Resins [Epoxy Resins, Polyester Resins, Phenolic Resins, Urea-Formaldehyde Resins, Methyl Methacrylate (MMA), Polyurethane Resins, Vinyl ester resins] |
| Key Market Players |
|
| By Region |
|
Resins Market Trends
The global resins market is undergoing various interesting changes owing to technological inventions and transformations in consumer behaviour. One of the trend’s gaining popularity is the demand for bio-based and natural resins, which has been enhanced by awareness and the regulation of the environment. The manufacturers are looking to produce resins from renewable sources such as vegetation to cut down emissions and improve recycling rates. This search for alternatives has endorsed the global sustainable development agenda and gained traction with environmentally conscious consumers and industries working to comply with the regulations. The resin market also witnesses another trend, which is the rising use of modern manufacturing processes, including 3D printing, automation, etc., which alters the way resins are produced and used. Such technologies allow shorter production lead times and more variable compositions of the resin against a specific industry, including automotive, aero, and building industries.Resins Market Leading Players
The key players profiled in the report are Merck KGaA (Germany), Tosoh Bioscience (Japan), Mitsubishi Chemical Corporation (Japan), VWR International, LLC. (USA), Kaneka Corporation (Japan), BASF SE (Germany), DuPont (United States), Arkema (France), Mitsui Chemicals (Japan), INEOS Holdings Ltd. (United Kingdom), Hexion (USA), Sumitomo Chemical Co. Ltd. (Japan), SABIC (Saudi Arabia), Nova Chemicals (Canada), Teijin Limited (Japan)Growth Accelerators
The overall growth of various end-use sectors, coupled with the increase in automotive application, construction, electronics, and others, is the primary factor for the growth of the global resins market. These sectors are developing at a faster rate, which, in turn, leads to the demand for resins having better performance properties such as strength, weight, corrosion resistance, etc. Various other resin compositions, especially those aimed at performance enhancement and sustainability, are also seeing much demand. For example, the last few years have witnessed a marked upsurge in the sales of electric vehicles and other green technologies that require high-performance resins for lightweight component combinations. Another important factor driving the market is the transition to sustainable and eco-friendly materials. In order to offer alternatives, consumers and more so regulators are forcing manufacturers to look for green materials, hence the introduction of bio-based and recyclable resins. In addition, this is in line with policies geared towards sustainable development and less dependency on fossil fuels.Resins Market Segmentation analysis
The Global Resins is segmented by Type, Application, and Region. By Type, the market is divided into Distributed Thermoplastic Resins [Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Ethyl-vinyl acetate (EVA), Polyamide (PA) (Nylon), Polycarbonate (PC), Polyethylene Terephthalate (PET) ], Thermoset Resins [Epoxy Resins, Polyester Resins, Phenolic Resins, Urea-Formaldehyde Resins, Methyl Methacrylate (MMA), Polyurethane Resins, Vinyl ester resins] . The Application segment categorizes the market based on its usage such as Adhesives & Sealants, Paints & Coatings, Electronic component, Furniture, Jewelry, Gears, pipes, and tubes, Decoration, Others. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.Competitive Landscape
The landscape of global competitors in the resins market is complicated, featuring several large and medium-scale players as well as specialised manufacturers. Certain firms in the market prioritise innovation and cutting-edge technology in order to keep introducing superior resin formulations on the market for different verticals such as automotive, construction, electronics, and packaging. The majority of the market-leading players are able to stay ahead of the competition thanks to broad distribution channels, established brand loyalty, and huge resources devoted to R&D. Joint ventures, alliances, and takeovers are also very frequent as businesses want to improve their offerings and enter new markets more efficiently. Furthermore, the market is affected by the changing need for eco-friendly and resin solutions. Environmental issues have led to investment in bio-resins and other materials that can be recycled, in compliance with customer and government needs. Subsequently, this has created different entrants in the market as well as startups that seek to build green resin technology. On the other hand, factors include such attributes as price competition, production levels, and geographical aspects, which, in essence, complicate the interactions within the industry, compelling the players to have an ongoing evolution to conform and compete for market share in the global resins market.Challenges In Resins Market
The worldwide market for resins is not without its challenges, such as the shifting of prices for raw materials and the interruptions of the supply chain. The major ingredients for resin manufacturing—petrochemicals and raw materials, for instance—are prone to price fluctuations because of ever-changing political climates, world economies, and demand for the respective products. Such changes can have adverse effects on production costs for the resin-making firms, making it very hard for these manufacturers to keep their prices and profits constant. Yet another concern is the increasing protectionism and negative attitude towards resin production and use that is experienced all over the world. A large number of manufactured resins comprise an organic volatile compound (VOC) and other toxic products that are harmful to human health and the environment. With the introduction of new and more stringent environmental legislation by the governments and regulatory agencies, manufacturers have to focus on producing green materials and ecologically sustainable devices. This transition may require additional funds for research and development, which can be a burden on the companies that are already facing stiff competition in the market. The major challenge arises in the global resins market in adhering to environmental regulations while ensuring the intended uses of products are met at cost-effective rates.Risks & Prospects in Resins Market
The global resins market provides tremendous scope for growth owing to the increasing deployment of advanced materials in many sectors such as automotive, construction, electronics, and consumer goods. The trend toward lightweight but sturdy materials has made resins an integral part of manufacturing where the performance is enhanced and the weight is cut, especially in cars and aircraft. With the growth of environmentalism too has come the demand for bio-based and green resins, which offers firms the creativity to come up with solutions that are safe for the environment within the rules and the market forces. Another opportunity is linked to the rise of the construction sector. This is slightly more promising in developing countries, where the infrastructure is still under construction. Resins are used in these applications, such as adhesives, coatings, and sealants, ensuring the strength and quality of the construction materials used. Furthermore, the concern for energy-saving buildings and green construction has also increased the need for resins of high performance with good insulation and resistance properties. As industries continue to adjust and change to the new technologies and processes, growth prospects for the global resins market are favourable, creating room for manufacturers to diversify their products and widen their market base.Key Target Audience
The global resins market has as its primary target audience manufacturers and industries that apply resin in their production processes, for example, automotive, construction, electronics, and consumer products. These players are therefore concerned with the procurement of quality resins tailored to their performance, durability, and environmental requirements. Resins are also increasingly being used in a number of products, such as adhesives, coatings, composites, and plastics. Therefore, the industries are looking for enhanced resin solutions that help in achieving the added functionality of the products at minimal costs.,, Another important audience is resin material suppliers and distributors, which supply such materials to the manufacturers and end-users. These suppliers are keen on customer relationship enhancement and appreciate the diversity of needs among customers in order to offer appropriate solutions for improving their customers’ production processes.Merger and acquisition
Current developments in the international resins market indicate a pattern of consolidation within the industry as the players strive to improve their existing product portfolios and broaden their geographical reach. For example, in 2023, one of the major acquisitions was BASF’s takeover of Solvay’s coating resins business. This move was driven by the desire to fortify BASF’s presence in the coatings segment and to diversify its offering of application-specific engineered resins, which have a variety of uses in different sectors such as the automotive and building industries. Moreover, Hexion Inc. has since forged an impending joint venture with Momentive Performance Materials Inc. for the purposes of establishing a diverse specialised resins and materials company together. Such action was taken in response to the growing need for sophisticated materials in industries such as electronics, automotive, and aerospace. The aim of the merger is to drive product development and efficiency in the supply chain by using the relevant strengths of each of the companies involved, so that the new business will be able to address the needs of clients more effectively in the ever-changing global resins industry.Table of content
1: Introduction
2: Executive Summary
3: Market Overview
4: Resins Market by Type
5: Resins Market by Application / by End Use
6: Resins Market by End User
7: Resins Market by Form
8: Resins Market by Region
10: Company Profiles
11: Analyst Perspective and Conclusion
- 1.1 Report description
- 1.2 Key market segments
- 1.3 Key benefits to the stakeholders
2: Executive Summary
- 2.1 Resins- Snapshot
- 2.2 Resins- Segment Snapshot
- 2.3 Resins- Competitive Landscape Snapshot
3: Market Overview
- 3.1 Market definition and scope
- 3.2 Key findings
- 3.2.1 Top impacting factors
- 3.2.2 Top investment pockets
- 3.3 Porter’s five forces analysis
- 3.3.1 Low bargaining power of suppliers
- 3.3.2 Low threat of new entrants
- 3.3.3 Low threat of substitutes
- 3.3.4 Low intensity of rivalry
- 3.3.5 Low bargaining power of buyers
- 3.4 Market dynamics
- 3.4.1 Drivers
- 3.4.2 Restraints
- 3.4.3 Opportunities
4: Resins Market by Type
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Thermoplastic Resins [Polyethylene (PE)
- 4.2.1 Key market trends, factors driving growth, and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Polypropylene (PP)
- 4.3.1 Key market trends, factors driving growth, and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4 Polyvinyl Chloride (PVC)
- 4.4.1 Key market trends, factors driving growth, and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
- 4.5 Polystyrene (PS)
- 4.5.1 Key market trends, factors driving growth, and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country
- 4.6 Ethyl-vinyl acetate (EVA)
- 4.6.1 Key market trends, factors driving growth, and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market share analysis by country
- 4.7 Polyamide (PA) (Nylon)
- 4.7.1 Key market trends, factors driving growth, and opportunities
- 4.7.2 Market size and forecast, by region
- 4.7.3 Market share analysis by country
- 4.8 Polycarbonate (PC)
- 4.8.1 Key market trends, factors driving growth, and opportunities
- 4.8.2 Market size and forecast, by region
- 4.8.3 Market share analysis by country
- 4.9 Polyethylene Terephthalate (PET) ]
- 4.9.1 Key market trends, factors driving growth, and opportunities
- 4.9.2 Market size and forecast, by region
- 4.9.3 Market share analysis by country
- 4.10 Thermoset Resins [Epoxy Resins
- 4.10.1 Key market trends, factors driving growth, and opportunities
- 4.10.2 Market size and forecast, by region
- 4.10.3 Market share analysis by country
- 4.11 Polyester Resins
- 4.11.1 Key market trends, factors driving growth, and opportunities
- 4.11.2 Market size and forecast, by region
- 4.11.3 Market share analysis by country
- 4.12 Phenolic Resins
- 4.12.1 Key market trends, factors driving growth, and opportunities
- 4.12.2 Market size and forecast, by region
- 4.12.3 Market share analysis by country
- 4.13 Urea-Formaldehyde Resins
- 4.13.1 Key market trends, factors driving growth, and opportunities
- 4.13.2 Market size and forecast, by region
- 4.13.3 Market share analysis by country
- 4.14 Methyl Methacrylate (MMA)
- 4.14.1 Key market trends, factors driving growth, and opportunities
- 4.14.2 Market size and forecast, by region
- 4.14.3 Market share analysis by country
- 4.15 Polyurethane Resins
- 4.15.1 Key market trends, factors driving growth, and opportunities
- 4.15.2 Market size and forecast, by region
- 4.15.3 Market share analysis by country
- 4.16 Vinyl ester resins]
- 4.16.1 Key market trends, factors driving growth, and opportunities
- 4.16.2 Market size and forecast, by region
- 4.16.3 Market share analysis by country
5: Resins Market by Application / by End Use
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Adhesives & Sealants
- 5.2.1 Key market trends, factors driving growth, and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Paints & Coatings
- 5.3.1 Key market trends, factors driving growth, and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4 Electronic component
- 5.4.1 Key market trends, factors driving growth, and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
- 5.5 Furniture
- 5.5.1 Key market trends, factors driving growth, and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market share analysis by country
- 5.6 Jewelry
- 5.6.1 Key market trends, factors driving growth, and opportunities
- 5.6.2 Market size and forecast, by region
- 5.6.3 Market share analysis by country
- 5.7 Gears
- 5.7.1 Key market trends, factors driving growth, and opportunities
- 5.7.2 Market size and forecast, by region
- 5.7.3 Market share analysis by country
- 5.8 pipes
- 5.8.1 Key market trends, factors driving growth, and opportunities
- 5.8.2 Market size and forecast, by region
- 5.8.3 Market share analysis by country
- 5.9 and tubes
- 5.9.1 Key market trends, factors driving growth, and opportunities
- 5.9.2 Market size and forecast, by region
- 5.9.3 Market share analysis by country
- 5.10 Decoration
- 5.10.1 Key market trends, factors driving growth, and opportunities
- 5.10.2 Market size and forecast, by region
- 5.10.3 Market share analysis by country
- 5.11 Others
- 5.11.1 Key market trends, factors driving growth, and opportunities
- 5.11.2 Market size and forecast, by region
- 5.11.3 Market share analysis by country
6: Resins Market by End User
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Automotive
- 6.2.1 Key market trends, factors driving growth, and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3 Construction
- 6.3.1 Key market trends, factors driving growth, and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
- 6.4 IT & Telecom
- 6.4.1 Key market trends, factors driving growth, and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country
- 6.5 Packaging
- 6.5.1 Key market trends, factors driving growth, and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market share analysis by country
- 6.6 Healthcare
- 6.6.1 Key market trends, factors driving growth, and opportunities
- 6.6.2 Market size and forecast, by region
- 6.6.3 Market share analysis by country
- 6.7 Electrical & Electronics
- 6.7.1 Key market trends, factors driving growth, and opportunities
- 6.7.2 Market size and forecast, by region
- 6.7.3 Market share analysis by country
- 6.8 Marine
- 6.8.1 Key market trends, factors driving growth, and opportunities
- 6.8.2 Market size and forecast, by region
- 6.8.3 Market share analysis by country
- 6.9 Consumer Goods
- 6.9.1 Key market trends, factors driving growth, and opportunities
- 6.9.2 Market size and forecast, by region
- 6.9.3 Market share analysis by country
- 6.10 Industrial
- 6.10.1 Key market trends, factors driving growth, and opportunities
- 6.10.2 Market size and forecast, by region
- 6.10.3 Market share analysis by country
- 6.11 Others
- 6.11.1 Key market trends, factors driving growth, and opportunities
- 6.11.2 Market size and forecast, by region
- 6.11.3 Market share analysis by country
7: Resins Market by Form
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Solid
- 7.2.1 Key market trends, factors driving growth, and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3 Liquid
- 7.3.1 Key market trends, factors driving growth, and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
8: Resins Market by Region
- 8.1 Overview
- 8.1.1 Market size and forecast By Region
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 Market size and forecast, by Type
- 8.2.3 Market size and forecast, by Application
- 8.2.4 Market size and forecast, by country
- 8.2.4.1 United States
- 8.2.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.2.4.1.2 Market size and forecast, by Type
- 8.2.4.1.3 Market size and forecast, by Application
- 8.2.4.2 Canada
- 8.2.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.2.4.2.2 Market size and forecast, by Type
- 8.2.4.2.3 Market size and forecast, by Application
- 8.2.4.3 Mexico
- 8.2.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.2.4.3.2 Market size and forecast, by Type
- 8.2.4.3.3 Market size and forecast, by Application
- 8.2.4.1 United States
- 8.3 South America
- 8.3.1 Key trends and opportunities
- 8.3.2 Market size and forecast, by Type
- 8.3.3 Market size and forecast, by Application
- 8.3.4 Market size and forecast, by country
- 8.3.4.1 Brazil
- 8.3.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.1.2 Market size and forecast, by Type
- 8.3.4.1.3 Market size and forecast, by Application
- 8.3.4.2 Argentina
- 8.3.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.2.2 Market size and forecast, by Type
- 8.3.4.2.3 Market size and forecast, by Application
- 8.3.4.3 Chile
- 8.3.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.3.2 Market size and forecast, by Type
- 8.3.4.3.3 Market size and forecast, by Application
- 8.3.4.4 Rest of South America
- 8.3.4.4.1 Key market trends, factors driving growth, and opportunities
- 8.3.4.4.2 Market size and forecast, by Type
- 8.3.4.4.3 Market size and forecast, by Application
- 8.3.4.1 Brazil
- 8.4 Europe
- 8.4.1 Key trends and opportunities
- 8.4.2 Market size and forecast, by Type
- 8.4.3 Market size and forecast, by Application
- 8.4.4 Market size and forecast, by country
- 8.4.4.1 Germany
- 8.4.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.1.2 Market size and forecast, by Type
- 8.4.4.1.3 Market size and forecast, by Application
- 8.4.4.2 France
- 8.4.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.2.2 Market size and forecast, by Type
- 8.4.4.2.3 Market size and forecast, by Application
- 8.4.4.3 Italy
- 8.4.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.3.2 Market size and forecast, by Type
- 8.4.4.3.3 Market size and forecast, by Application
- 8.4.4.4 United Kingdom
- 8.4.4.4.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.4.2 Market size and forecast, by Type
- 8.4.4.4.3 Market size and forecast, by Application
- 8.4.4.5 Benelux
- 8.4.4.5.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.5.2 Market size and forecast, by Type
- 8.4.4.5.3 Market size and forecast, by Application
- 8.4.4.6 Nordics
- 8.4.4.6.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.6.2 Market size and forecast, by Type
- 8.4.4.6.3 Market size and forecast, by Application
- 8.4.4.7 Rest of Europe
- 8.4.4.7.1 Key market trends, factors driving growth, and opportunities
- 8.4.4.7.2 Market size and forecast, by Type
- 8.4.4.7.3 Market size and forecast, by Application
- 8.4.4.1 Germany
- 8.5 Asia Pacific
- 8.5.1 Key trends and opportunities
- 8.5.2 Market size and forecast, by Type
- 8.5.3 Market size and forecast, by Application
- 8.5.4 Market size and forecast, by country
- 8.5.4.1 China
- 8.5.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.1.2 Market size and forecast, by Type
- 8.5.4.1.3 Market size and forecast, by Application
- 8.5.4.2 Japan
- 8.5.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.2.2 Market size and forecast, by Type
- 8.5.4.2.3 Market size and forecast, by Application
- 8.5.4.3 India
- 8.5.4.3.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.3.2 Market size and forecast, by Type
- 8.5.4.3.3 Market size and forecast, by Application
- 8.5.4.4 South Korea
- 8.5.4.4.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.4.2 Market size and forecast, by Type
- 8.5.4.4.3 Market size and forecast, by Application
- 8.5.4.5 Australia
- 8.5.4.5.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.5.2 Market size and forecast, by Type
- 8.5.4.5.3 Market size and forecast, by Application
- 8.5.4.6 Southeast Asia
- 8.5.4.6.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.6.2 Market size and forecast, by Type
- 8.5.4.6.3 Market size and forecast, by Application
- 8.5.4.7 Rest of Asia-Pacific
- 8.5.4.7.1 Key market trends, factors driving growth, and opportunities
- 8.5.4.7.2 Market size and forecast, by Type
- 8.5.4.7.3 Market size and forecast, by Application
- 8.5.4.1 China
- 8.6 MEA
- 8.6.1 Key trends and opportunities
- 8.6.2 Market size and forecast, by Type
- 8.6.3 Market size and forecast, by Application
- 8.6.4 Market size and forecast, by country
- 8.6.4.1 Middle East
- 8.6.4.1.1 Key market trends, factors driving growth, and opportunities
- 8.6.4.1.2 Market size and forecast, by Type
- 8.6.4.1.3 Market size and forecast, by Application
- 8.6.4.2 Africa
- 8.6.4.2.1 Key market trends, factors driving growth, and opportunities
- 8.6.4.2.2 Market size and forecast, by Type
- 8.6.4.2.3 Market size and forecast, by Application
- 8.6.4.1 Middle East
- 9.1 Overview
- 9.2 Key Winning Strategies
- 9.3 Top 10 Players: Product Mapping
- 9.4 Competitive Analysis Dashboard
- 9.5 Market Competition Heatmap
- 9.6 Leading Player Positions, 2022
10: Company Profiles
- 10.1 Merck KGaA (Germany)
- 10.1.1 Company Overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Active Business Divisions
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Major Strategic Initiatives and Developments
- 10.2 Tosoh Bioscience (Japan)
- 10.2.1 Company Overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Active Business Divisions
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Major Strategic Initiatives and Developments
- 10.3 Mitsubishi Chemical Corporation (Japan)
- 10.3.1 Company Overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Active Business Divisions
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Major Strategic Initiatives and Developments
- 10.4 VWR International
- 10.4.1 Company Overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Active Business Divisions
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Major Strategic Initiatives and Developments
- 10.5 LLC. (USA)
- 10.5.1 Company Overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Active Business Divisions
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Major Strategic Initiatives and Developments
- 10.6 Kaneka Corporation (Japan)
- 10.6.1 Company Overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Active Business Divisions
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Major Strategic Initiatives and Developments
- 10.7 BASF SE (Germany)
- 10.7.1 Company Overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Active Business Divisions
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Major Strategic Initiatives and Developments
- 10.8 DuPont (United States)
- 10.8.1 Company Overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Active Business Divisions
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Major Strategic Initiatives and Developments
- 10.9 Arkema (France)
- 10.9.1 Company Overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Active Business Divisions
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Major Strategic Initiatives and Developments
- 10.10 Mitsui Chemicals (Japan)
- 10.10.1 Company Overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Active Business Divisions
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Major Strategic Initiatives and Developments
- 10.11 INEOS Holdings Ltd. (United Kingdom)
- 10.11.1 Company Overview
- 10.11.2 Key Executives
- 10.11.3 Company snapshot
- 10.11.4 Active Business Divisions
- 10.11.5 Product portfolio
- 10.11.6 Business performance
- 10.11.7 Major Strategic Initiatives and Developments
- 10.12 Hexion (USA)
- 10.12.1 Company Overview
- 10.12.2 Key Executives
- 10.12.3 Company snapshot
- 10.12.4 Active Business Divisions
- 10.12.5 Product portfolio
- 10.12.6 Business performance
- 10.12.7 Major Strategic Initiatives and Developments
- 10.13 Sumitomo Chemical Co. Ltd. (Japan)
- 10.13.1 Company Overview
- 10.13.2 Key Executives
- 10.13.3 Company snapshot
- 10.13.4 Active Business Divisions
- 10.13.5 Product portfolio
- 10.13.6 Business performance
- 10.13.7 Major Strategic Initiatives and Developments
- 10.14 SABIC (Saudi Arabia)
- 10.14.1 Company Overview
- 10.14.2 Key Executives
- 10.14.3 Company snapshot
- 10.14.4 Active Business Divisions
- 10.14.5 Product portfolio
- 10.14.6 Business performance
- 10.14.7 Major Strategic Initiatives and Developments
- 10.15 Nova Chemicals (Canada)
- 10.15.1 Company Overview
- 10.15.2 Key Executives
- 10.15.3 Company snapshot
- 10.15.4 Active Business Divisions
- 10.15.5 Product portfolio
- 10.15.6 Business performance
- 10.15.7 Major Strategic Initiatives and Developments
- 10.16 Teijin Limited (Japan)
- 10.16.1 Company Overview
- 10.16.2 Key Executives
- 10.16.3 Company snapshot
- 10.16.4 Active Business Divisions
- 10.16.5 Product portfolio
- 10.16.6 Business performance
- 10.16.7 Major Strategic Initiatives and Developments
11: Analyst Perspective and Conclusion
- 11.1 Concluding Recommendations and Analysis
- 11.2 Strategies for Market Potential
Scope of Report
| Aspects | Details |
|---|---|
By Type |
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By Application |
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By End User |
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By Form |
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Report Licenses
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Frequently Asked Questions (FAQ):
Which type of Resins is widely popular?
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Thermoplastic Resins
What is the growth rate of Resins Market?
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The Resins Market is growing at a CAGR of 5.0% over the forecasted period 2023 - 2031.
What are the latest trends influencing the Resins Market?
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The latest trends influencing the Resins market include the adoption of advanced technologies, increasing focus on sustainability, and a shift towards personalized solutions. Additionally, digital transformation and automation are playing significant roles in shaping the market
Who are the key players in the Resins Market?
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SABIC (Saudi Arabia), Mitsubishi Chemical Corporation (Japan), INEOS Holdings Ltd. (United Kingdom), DuPont (United States), Merck KGaA (Germany), Tosoh Bioscience (Japan), Arkema (France), VWR International, LLC. (USA), Mitsui Chemicals (Japan), Hexion (USA), Nova Chemicals (Canada), Kaneka Corporation (Japan), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Teijin Limited (Japan) are among the key players in the Resins market
How is the Resins } industry progressing in scaling its end-use implementations?
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Research paper of Global Resins Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Decoration, Paints & Coatings, Furniture, Gears, pipes, and tubes, Electronic component, Jewelry, Adhesives & Sealants, Others.
What product types are analyzed in the Resins Market Study?
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The Global Resins Market Study is categorized by product types, including Thermoplastic Resins [Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Ethyl-vinyl acetate (EVA), Polyamide (PA) (Nylon), Polycarbonate (PC), Polyethylene Terephthalate (PET) ], Thermoset Resins [Epoxy Resins, Polyester Resins, Phenolic Resins, Urea-Formaldehyde Resins, Methyl Methacrylate (MMA), Polyurethane Resins, Vinyl ester resins]
What geographic breakdown is available in Global Resins Market Study?
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The Global Resins Market Study includes regional breakdown as North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa)
Which region holds the second position by market share in the Resins market?
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The Europe region has seen the second-highest market share in 2023 for the Global Resins market
How are the key players in the Resins market targeting growth in the future?
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The leaders in the Global Resins market, such as , are focusing on innovative and differentiated growth drivers. Some of these include:The overall growth of various end-use sectors, coupled with the increase in automotive application, construction, electronics, and others, is the primary factor for the growth of the global resins market. These sectors are developing at a faster rate, which, in turn, leads to the demand for resins having better performance properties such as strength, weight, corrosion resistance, etc. Various other resin compositions, especially those aimed at performance enhancement and sustainability, are also seeing much demand. For example, the last few years have witnessed a marked upsurge in the sales of electric vehicles and other green technologies that require high-performance resins for lightweight component combinations.,, Another important factor driving the market is the transition to sustainable and eco-friendly materials. In order to offer alternatives, consumers and more so regulators are forcing manufacturers to look for green materials, hence the introduction of bio-based and recyclable resins. In addition, this is in line with policies geared towards sustainable development and less dependency on fossil fuels.
What are the opportunities for new entrants in the Resins market?
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Opportunities for new entrants in the Resins market include the development of innovative products, leveraging advanced technologies, targeting niche markets, and forming strategic partnerships. New entrants can also capitalize on emerging trends and unmet consumer needs
