Market Overview:
The global resin modifier market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for resin modifiers from various end-use industries, such as automotive & transportation, packaging, consumer goods, building & construction, electrical & electronics and others. Mono-functional modifiers are projected to be the fastest-growing type segment of the global resin modifier market during the forecast period. This is due to their ability to improve various properties of resins such as stiffness, impact strength and heat resistance.
Product Definition:
A resin modifier is a material that is added to a resin system to improve its properties. These modifiers can be organic or inorganic, and can include pigments, fillers, thickeners, or other additives. The purpose of a resin modifier is to change the physical or chemical properties of the resin system so that it meets the specific needs of the application. For example, a modifier might be used to increase the strength of a plastic component, make it more resistant to weathering, or improve its electrical conductivity.
Mono-functional Modifiers:
Mono-functional modifiers are additives that perform a single function in the polymerization process. They can be either natural or synthetic in nature and their number is limited only by the availability of raw materials. Mono-functional modifiers are used to modify various properties such as flow, color, viscosity, thermal stability and others depending upon the requirement of application.
Poly-functional Modifiers:
Poly-functional modifiers are additives that perform more than one function in resin manufacturing. They can be used as crosslinking agents, processing aids, anti-caking agents and thickeners among others. The most common application of poly-functional modifiers is to improve the flow properties of resins such as flexibility and viscosity.
Application Insights:
The automotive & transportation application segment led the global resins modifier market in 2017 and is projected to continue its dominance over the forecast period. The growing demand for passenger cars and light commercial vehicles across various regions is expected to drive growth over the forecast period.
Resin modifiers are used in manufacturing of automotive interior components including airbags, headliners, seat covers, door panels, dashboard components and console boxes among others. Increasing demand for electric vehicles across the globe is likely to propel product demand during the estimated time frame.
Packaging emerged as another significant application segment while calculating North America Resins Modifiers Market Size Share In 2017 owing to increasing consumerism in emerging economies such as India China Brazil etcetera which has resulted in increased consumption of packaging products such as cartons & corrugated cases among others which use resins as a raw material source.
Regional Analysis:
Asia Pacific dominated the global resin modifier market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for plastic compounds from various end-use industries, such as automotive, packaging, consumer goods and building & construction. China is one of the largest producers of raw materials owing to low manufacturing cost coupled with availability of cheap labor in this country.
The Asia Pacific was followed by Europe which accounted for a share of 22% in 2016 owing to high demand from several end-use industries including electrical & electronics and others. The growing production base for vehicles and machinery along with rapid industrialization has led Europe into becoming a major market for resin modifies across the globe. Germany emerged as one of the major markets due to increasing consumption in numerous application segments including electrical & electronics, packaging etc.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Rising demand for composites in wind energy sector
- Growing application of resin modifiers in construction industry
- Rising popularity of 3D printing technology
- Technological advancements in resin modifier manufacturing process
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin Modifier Market Research Report
By Type
Mono-functional Modifiers, Poly-functional Modifiers
By Application
Automotive & Transportation, Packaging, Consumer Goods, Building & Construction, Electrical & Electronics, Others
By Companies
Daihachi Chemical Industry, Evonik, Osaka Gas Chemicals, Hexion, Cardolite Corporation, Dow, King Industries, ACS Technical Products, Mitsui Chemicals, Momentive, Mitsubishi Chemical, Wacker, Zeon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Resin Modifier Market Report Segments:
The global Resin Modifier market is segmented on the basis of:
Types
Mono-functional Modifiers, Poly-functional Modifiers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive & Transportation, Packaging, Consumer Goods, Building & Construction, Electrical & Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daihachi Chemical Industry
- Evonik
- Osaka Gas Chemicals
- Hexion
- Cardolite Corporation
- Dow
- King Industries
- ACS Technical Products
- Mitsui Chemicals
- Momentive
- Mitsubishi Chemical
- Wacker
- Zeon
Highlights of The Resin Modifier Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mono-functional Modifiers
- Poly-functional Modifiers
- By Application:
- Automotive & Transportation
- Packaging
- Consumer Goods
- Building & Construction
- Electrical & Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Resin Modifier Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Resin modifier is a chemical that alters the physical and chemical properties of resin. It can be used to improve the performance of resin systems, or to alter the appearance or odor of resin products.
Some of the major companies in the resin modifier market are Daihachi Chemical Industry, Evonik, Osaka Gas Chemicals, Hexion, Cardolite Corporation, Dow, King Industries, ACS Technical Products, Mitsui Chemicals, Momentive, Mitsubishi Chemical, Wacker, Zeon.
The resin modifier market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Resin Modifier Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Resin Modifier Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resin Modifier Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Resin Modifier Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Resin Modifier Market Size & Forecast, 2020-2028
4.5.1 Resin Modifier Market Size and Y-o-Y Growth
4.5.2 Resin Modifier Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mono-functional Modifiers
5.2.2 Poly-functional Modifiers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive & Transportation
6.2.2 Packaging
6.2.3 Consumer Goods
6.2.4 Building & Construction
6.2.5 Electrical & Electronics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resin Modifier Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Resin Modifier Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mono-functional Modifiers
9.6.2 Poly-functional Modifiers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive & Transportation
9.10.2 Packaging
9.10.3 Consumer Goods
9.10.4 Building & Construction
9.10.5 Electrical & Electronics
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mono-functional Modifiers
10.6.2 Poly-functional Modifiers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive & Transportation
10.10.2 Packaging
10.10.3 Consumer Goods
10.10.4 Building & Construction
10.10.5 Electrical & Electronics
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mono-functional Modifiers
11.6.2 Poly-functional Modifiers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive & Transportation
11.10.2 Packaging
11.10.3 Consumer Goods
11.10.4 Building & Construction
11.10.5 Electrical & Electronics
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mono-functional Modifiers
12.6.2 Poly-functional Modifiers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive & Transportation
12.10.2 Packaging
12.10.3 Consumer Goods
12.10.4 Building & Construction
12.10.5 Electrical & Electronics
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mono-functional Modifiers
13.6.2 Poly-functional Modifiers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive & Transportation
13.10.2 Packaging
13.10.3 Consumer Goods
13.10.4 Building & Construction
13.10.5 Electrical & Electronics
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Resin Modifier Market: Competitive Dashboard
14.2 Global Resin Modifier Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daihachi Chemical Industry
14.3.2 Evonik
14.3.3 Osaka Gas Chemicals
14.3.4 Hexion
14.3.5 Cardolite Corporation
14.3.6 Dow
14.3.7 King Industries
14.3.8 ACS Technical Products
14.3.9 Mitsui Chemicals
14.3.10 Momentive
14.3.11 Mitsubishi Chemical
14.3.12 Wacker
14.3.13 Zeon
