Market Overview:
The global xylene formaldehyde resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic, paint, and coating applications across the globe. In terms of type, the industrial grade segment is expected to hold a major share of the market during the forecast period. This can be attributed to its growing demand from end-use industries such as automotive and construction. In terms of application, plastic is expected to be one of the fastest-growing segments duringthe forecast period owingto its growing demand from various end-use industries such as automotive and packaging.
Product Definition:
Xylene Formaldehyde resin is a synthetic resin used in the manufacturing of plywood, particle board, and fiberboard. It is also used as an adhesive and a sealant.
Industrial Grade:
Industrial grade is a type of xylene that has been processed to remove the aromatics and co-products. It is colorless, highly flammable liquid with an odor similar to gasoline. Xylene is used in various industries such as wood chemicals, rubber processing, paint industry and printing inks among others.
Reagent Grade:
Reagent grade is a high purity form of the product. It has been characterized by several tests and analyzed to be free from any contaminants such as iron, sulfur, lead, mercury and other heavy metals. The presence of impurities will affect the quality of end products thus affecting performance during resin production.
Application Insights:
The plastic application segment led the global xylene formaldehyde resin market in 2017 and is projected to continue its dominance over the forecast period. Xylenes are used as a raw material in the production of polymers, which are further utilized in various end-use industries such as construction, automotive & transportation and packaging. Polymerization of xylenes leads to an increase in molecular weight (Mw) which results in improved physical properties such as impact strength, tensile strength and density.
Xylenes find applications across several industries including adhesives & sealants where they are used for manufacturing pressure sensitive tapes, flooring underlayment adhesive and carpet back coatings among others. The growing demand for high-performance adhesives coupled with sealant is expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest market for global xylene formaldehyde resin in 2016, accounting for a revenue share of over 35.0%. The growth is attributed to rising construction spending along with increasing demand from other end-use industries such as automotive and packaging. In addition, growing population and consumer disposable income levels are expected to drive product demand in this region.
The Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to its high economic growth rate coupled with low interest rates which has attracted foreign investments in various sectors including paints & coatings, plastic manufacturing etc., thereby driving product consumption across this region.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and furniture owing to its properties such as durability, strength and resistance to heat and chemicals
- Rising demand for lightweight vehicles due to stringent emission norms across the globe is expected to boost the market for xylene formaldehyde resin over the forecast period
- Growing infrastructure development in emerging economies of Asia Pacific is anticipated to fuel the growth of xylene formaldehyde resin market over the next few years
- Increasing application scope in adhesives, sealants and coatings owing to its excellent water resistance properties is projected to propel the market growth during forecast period
- Technological advancements coupled with rising R&D investments by key players are likely to provide numerous opportunities for growth of this market in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Xylene Formaldehyde Resin Market Research Report
By Type
Industrial Grade, Reagent Grade
By Application
Plastic, Paint, Coating, Other
By Companies
ResinTech, DowDuPont, Lenntech, GE, ResinTech
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Xylene Formaldehyde Resin Market Report Segments:
The global Xylene Formaldehyde Resin market is segmented on the basis of:
Types
Industrial Grade, Reagent Grade
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
Plastic, Paint, Coating, 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:
- ResinTech
- DowDuPont
- Lenntech
- GE
- ResinTech
Highlights of The Xylene Formaldehyde Resin 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:
- Industrial Grade
- Reagent Grade
- By Application:
- Plastic
- Paint
- Coating
- 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 Xylene Formaldehyde Resin 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?
Xylene formaldehyde resin is a type of plastic that is made from two different types of chemicals: xylene and formaldehyde. The resin is heated until it becomes a liquid, and then it is poured into molds to create objects such as furniture, toys, and other items. Xylene formaldehyde resin can be dangerous if it gets into the eyes or nose, because it can cause irritation or even blindness.
Some of the major players in the xylene formaldehyde resin market are ResinTech, DowDuPont, Lenntech, GE, ResinTech.
The xylene formaldehyde resin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Xylene Formaldehyde Resin 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 Xylene Formaldehyde Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Xylene Formaldehyde Resin 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 Xylene Formaldehyde Resin 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 Xylene Formaldehyde Resin Market Size & Forecast, 2020-2028
4.5.1 Xylene Formaldehyde Resin Market Size and Y-o-Y Growth
4.5.2 Xylene Formaldehyde Resin 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 Industrial Grade
5.2.2 Reagent Grade
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 Plastic
6.2.2 Paint
6.2.3 Coating
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Xylene Formaldehyde Resin 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 Xylene Formaldehyde Resin 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 Industrial Grade
9.6.2 Reagent Grade
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 Plastic
9.10.2 Paint
9.10.3 Coating
9.10.4 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 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 Industrial Grade
10.6.2 Reagent Grade
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 Plastic
10.10.2 Paint
10.10.3 Coating
10.10.4 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 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 Industrial Grade
11.6.2 Reagent Grade
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 Plastic
11.10.2 Paint
11.10.3 Coating
11.10.4 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 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 Industrial Grade
12.6.2 Reagent Grade
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 Plastic
12.10.2 Paint
12.10.3 Coating
12.10.4 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) 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 Industrial Grade
13.6.2 Reagent Grade
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 Plastic
13.10.2 Paint
13.10.3 Coating
13.10.4 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 Xylene Formaldehyde Resin Market: Competitive Dashboard
14.2 Global Xylene Formaldehyde Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ResinTech
14.3.2 DowDuPont
14.3.3 Lenntech
14.3.4 GE
14.3.5 ResinTech
