Market Overview:
The global specialty resins market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for specialty resins from various end-use industries, such as construction, electronics, aviation, automotive and others. In terms of type, water-absorbing resin is expected to lead the market during the forecast period owing to its properties such as high absorption capacity and low viscosity. Moreover, it is also used in applications such as construction field and automotive field.
Product Definition:
Specialty resins are a type of resin that is used in specific applications. They have unique properties that make them better suited for certain tasks than other types of resin. Specialty resins can be used to create products with specific characteristics, such as high strength, flexibility, or resistance to heat or chemicals. Their importance lies in their ability to improve the performance of a product in a particular application.
Water-absorbing Resin:
Water-absorbing resins are synthetic or natural substances that hold water and prevent it from being absorbed by the wood. Water-absorbing resins are used in specialty resins to increase their absorption capacity. The most commonly used water-absorbing resin is phenolic resin, which is also one of the major raw materials for producing specialty resins.
U.S., volume (Kilo Tons), 2012 - 2022 -> The U.S.
Wear-resistant Resin:
Resins that are not susceptible to wear and tear include thermoplastic polyurethane, polysulfide, urethane, and silicon-based resins. These resins are used in the manufacturing of coatings for wood furniture or metal products. Wear-resistant resin is a generic name given to synthetic materials that exhibit superior properties such as abrasion resistance along with high impact strength than other conventional materials such as epoxy or polyester coatings.
Application Insights:
The construction field was the dominant application segment in 2017 and accounted for a revenue share of over 40%. The growth can be attributed to the increasing use of specialty resins in various construction applications such as roofing, wall covering, flooring underlayment and insulation. Moreover, growing urbanization is expected to drive the demand further. Increasing infrastructural development activities across emerging economies are anticipated to augment market growth over the forecast period.
Electronics field is also estimated to witness significant growth owing to rising product demand from semiconductor industry for manufacturing electronic devices including smartphones, laptops and cameras among others. In addition, electronics components are subjectively expensive which may result in lower profit margins if manufactured using conventional materials such as steel or plastic; this factor is likely to increase product penetration further driving its consumption rate during future years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rapid industrialization and increasing foreign investments in countries such as China, India, Thailand, Indonesia and Vietnam. In addition, rising disposable income coupled with a growing population will drive product demand further.
The Asia Pacific was followed by Europe which accounted for 24% of the total revenue share in 2017 owing to high automobile production along with other manufacturing sectors including construction industry and electronics sector in Germany, France Italy Spain etc.). Moreover European Union has imposed restrictions on non-European Union originating materials resulting into high demand for specialty resins from various end-use industries such as automotive & transportation (upcoming vehicle models), construction & building products (residential buildings) thus driving market growth over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and electrical & electronics
- Rising demand for lightweight and high-performance materials in automotive sector
- Growing popularity of composites in the aerospace industry
- Rapid expansion of the plastics processing industry in Asia Pacific region
- Technological advancements that enable development of novel specialty resins
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Resins Market Research Report
By Type
Water-absorbing Resin, Wear-resistant Resin, Other
By Application
Construction Field, Electronics Field, Aviation Field, Automotive Field, Other
By Companies
DowDuPont, DSM, Pure Resin, Kolon Industries, Suqing Group, Sanmu, Hengye, Specialty Resin Chemical, KB, Tenglong, Lanxiao, Tianye, Teijin
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 Specialty Resins Market Report Segments:
The global Specialty Resins market is segmented on the basis of:
Types
Water-absorbing Resin, Wear-resistant Resin, Other
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
Construction Field, Electronics Field, Aviation Field, Automotive Field, Other
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:
- DowDuPont
- DSM
- Pure Resin
- Kolon Industries
- Suqing Group
- Sanmu
- Hengye
- Specialty Resin Chemical
- KB
- Tenglong
- Lanxiao
- Tianye
- Teijin
Highlights of The Specialty Resins 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:
- Water-absorbing Resin
- Wear-resistant Resin
- Other
- By Application:
- Construction Field
- Electronics Field
- Aviation Field
- Automotive Field
- Other
- 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 Specialty Resins 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?
Specialty resins are a type of resin that is designed to be used in specific applications. These resins can be used in products such as adhesives, sealants, and composites.
Some of the major companies in the specialty resins market are DowDuPont, DSM, Pure Resin, Kolon Industries, Suqing Group, Sanmu, Hengye, Specialty Resin Chemical, KB, Tenglong, Lanxiao, Tianye, Teijin.
The specialty resins 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 Specialty Resins 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 Specialty Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Specialty Resins 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 Specialty Resins 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 Specialty Resins Market Size & Forecast, 2018-2028
4.5.1 Specialty Resins Market Size and Y-o-Y Growth
4.5.2 Specialty Resins Market Absolute $ Opportunity
Chapter 5 Global Specialty Resins 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 Specialty Resins Market Size Forecast by Type
5.2.1 Water-absorbing Resin
5.2.2 Wear-resistant Resin
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Specialty Resins 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 Specialty Resins Market Size Forecast by Applications
6.2.1 Construction Field
6.2.2 Electronics Field
6.2.3 Aviation Field
6.2.4 Automotive Field
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialty Resins 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 Specialty Resins 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 Specialty Resins Analysis and Forecast
9.1 Introduction
9.2 North America Specialty Resins 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 Specialty Resins Market Size Forecast by Type
9.6.1 Water-absorbing Resin
9.6.2 Wear-resistant Resin
9.6.3 Other
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 Specialty Resins Market Size Forecast by Applications
9.10.1 Construction Field
9.10.2 Electronics Field
9.10.3 Aviation Field
9.10.4 Automotive Field
9.10.5 Other
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 Specialty Resins Analysis and Forecast
10.1 Introduction
10.2 Europe Specialty Resins 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 Specialty Resins Market Size Forecast by Type
10.6.1 Water-absorbing Resin
10.6.2 Wear-resistant Resin
10.6.3 Other
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 Specialty Resins Market Size Forecast by Applications
10.10.1 Construction Field
10.10.2 Electronics Field
10.10.3 Aviation Field
10.10.4 Automotive Field
10.10.5 Other
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 Specialty Resins Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Specialty Resins 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 Specialty Resins Market Size Forecast by Type
11.6.1 Water-absorbing Resin
11.6.2 Wear-resistant Resin
11.6.3 Other
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 Specialty Resins Market Size Forecast by Applications
11.10.1 Construction Field
11.10.2 Electronics Field
11.10.3 Aviation Field
11.10.4 Automotive Field
11.10.5 Other
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 Specialty Resins Analysis and Forecast
12.1 Introduction
12.2 Latin America Specialty Resins 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 Specialty Resins Market Size Forecast by Type
12.6.1 Water-absorbing Resin
12.6.2 Wear-resistant Resin
12.6.3 Other
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 Specialty Resins Market Size Forecast by Applications
12.10.1 Construction Field
12.10.2 Electronics Field
12.10.3 Aviation Field
12.10.4 Automotive Field
12.10.5 Other
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) Specialty Resins Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Specialty Resins 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) Specialty Resins Market Size Forecast by Type
13.6.1 Water-absorbing Resin
13.6.2 Wear-resistant Resin
13.6.3 Other
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) Specialty Resins Market Size Forecast by Applications
13.10.1 Construction Field
13.10.2 Electronics Field
13.10.3 Aviation Field
13.10.4 Automotive Field
13.10.5 Other
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 Specialty Resins Market: Competitive Dashboard
14.2 Global Specialty Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 DSM
14.3.3 Pure Resin
14.3.4 Kolon Industries
14.3.5 Suqing Group
14.3.6 Sanmu
14.3.7 Hengye
14.3.8 Specialty Resin Chemical
14.3.9 KB
14.3.10 Tenglong
14.3.11 Lanxiao
14.3.12 Tianye
14.3.13 Teijin
