Specialty Resins Market was valued at US$ 7.45 Bn in 2017, and is expected to reach US$ 11.34 Bn by 2026, at a CAGR of 5.4 % during forecast period.
Global Specialty Resins Market
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Specialty resins market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Specialty resins market.
Specialty resins with higher functionality are often required for improvement of product performance in challenging applications. The global specialty resins market is driven by rise in the demand from the building & construction industry. Usage of specialty resins in adhesives, coatings, and sealants is essential to meet quality requirements of the building & construction sector. These resins have excellent chemical resistance and high resistance to temperature. Hence, a large amount of resins are anticipated to be used in the construction of infrastructure projects along with residential and non-residential buildings in the near future.
Increasing demand of specialty resin from automotive industry is likely to offer attractive growth in near future. The automotive industry relies heavily on coating technologies to protect critical auto components and impart a unique and stylish appearance. These coatings need to provide high performance expected by consumers, while also meeting increasingly stricter regulatory requirements for low volatile component emissions. Specialty resins protect metal and plastic components of cars such as chassis and suspension systems from corrosion. Specialty epoxy resins are used in structural adhesives for assembly and structural composite applications. The global automotive sector is expected to expand at a considerable pace during the forecast period, due to significant increase in the demand for vehicles. Thus, rise in the production of automobiles is projected to boost the demand for specialty resins during the forecast period.
Epoxy resins is a widely used type of specialty resins and a highly versatile family of resins that are used as binders for coatings, adhesives, sealants, and matrices for composite materials. These products are, in turn, used in several applications such as construction, flooring, aerospace, packaging, electronics, sports & leisure, and household appliances. It enhance the durability and reliability of products. They are the most used of all specialty resins, due to their better performance.
Geographically, Asia Pacific Specialty resin market is anticipated to grow at a high CAGR during the forecast period. Asia Pacific region has emerged as the leading consumer and producer of specialty resin. Improvement in standards of living, rise in the disposable income of consumers, and increase in urbanization are major factors fueling construction activities around in Asia Pacific.
In Asia pacific region China held the largest share in 2017. It is followed by India. Demand for specialty resins is anticipated to increase in the residential segment of the construction sector in the near future, due to growth in urbanization and rise in population. India is expected to be a rapidly expanding sector for building & construction during the forecast period, owing to rapid development of infrastructure coupled with government support.
For More Information Visit:https://www.maximizemarketresearch.com/market-report/global-specialty-resins-market/26265/
Scope of Specialty Resins Market:
Global Specialty Resins Market, by Resin Type
- Unsaturated Polyester Resin
Global Specialty Resins Market, by End use Industry
- Building & Construction
- Water Treatment
- Electrical & Electronics
Global Specialty Resins Market, by Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key Players Operating In Specialty Resins Market:
- Dow DuPont
- BASF SE
- Emerald Performance Materials
- Huntsman International LLC
- Mexichem S.A.B. de C.V.
- Royal DSM
- Aldex Chemical Company Limited
- Radiant Color NV
- International Speciality Chemicals Ltd
- Mitsubishi Chemical Corporation
- Thermax Limited
This Report Is Submitted By @maximize market research
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH
Email: [email protected]
Contact: +91 9607365656