Chemicals

Global Specialty Resins Market Overview And Prospects

November 15, 2021 by The Business Research Company

Learn about the global specialty resins market through The Business Research Company, which provides information on specialty resins market size, specialty resins market drivers and restraints, specialty resins market players, the COVID-19 impact on the specialty resins market, and more.

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 in the specialty resins market 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%.

The growing demand for the construction industry is projected to fuel the growth of the specialty resins market over the coming years.

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The specialty resins market consists of sales of specialty resins by entities (organizations, sole traders, and partnerships) that manufacture specialty resins. Specialty resins also known as commodity resins and are a type of high-performance resins designed to offer superior thermal and chemical resistance to the materials in which they are used. It also offers high tensile strength and impact resistance and used for applications such as noise control, vibration damping, shock isolation, and cushioning.

Global specialty resins market segments include:

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

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the specialty resins market in 2020.

Technological advancement has emerged as a key trend in the specialty resins market. Major players operating in the specialty resins field are focused on developing technologically advanced solutions for specialty resins.

TBRC’s specialty resins market report covers:

Major Market Players: 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, and Specialty Resin Chemical.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Specialty Resins Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides specialty resins market overviews, analyzes and forecasts market size, share, specialty resins market players, specialty resins market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s specialty resins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Polyurethane Global Market Report 2021

Polypropylene Global Market Report 2020

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