According to Stratistics MRC, the Global Specialty Resins Market is accounted for $8.18 billion in 2019 and is expected to reach $14.48 billion by 2027 growing at a CAGR of 7.4% during the forecast period. Increasing demand from the building & construction industry, a rise in the disposable income of consumers and an increase in the demand for specialty resins from the automotive industry are some of the factors propelling the growth of the market. However, the availability of low-cost substituent is hampering the growth of the market.
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Based on the end-user, the automotive & transportation segment is anticipated to hold considerable market share during the forecast period as this automotive industry relies heavily on coating technologies to protect critical auto components and impart a unique and stylish appearance. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the improvement in standards of living, rise in the disposable income of consumers, and an increase in urbanization.
Some of the key players profiled in the Specialty Resins Market include Thermax Limited, Royal DSM, Arkema, Purolite, Mitsubishi Chemical Corporation, Mexichem S.A.B. de C.V., International Speciality Chemicals Ltd, Huntsman International LLC, Emerald Performance Materials, Dow DuPont, BASF SE, Aldex Chemical Company Limited, and Radiant Color NV.
Resin Types Covered:
• Vinyl
• Unsaturated Polyester Resin (UPR)
• Polyamides
• Epoxy
Product Types Covered:
• Wear-Resistant Resin
• Water-Absorbing Resin
Sales Channels Covered:
• Distribution Channel
• Direct Channel
End Users Covered:
• Water Treatment
• Marine
• Aerospace
• Building & Construction
• Automotive & Transportation
• Electronics & Semiconductors
• Other End Users
Functions Covered:
• Insulation
• Protection
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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