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Global Casting Resin Market 2019 - 2023

Global Casting Resin Market 2019 - 2023

About this market

Increasing adoption of casting resins in medical device production to drive growth in the market. Owing to their excellent mechanical properties and ease of design, casting resins such as epoxy resins, and polyurethanes are preferred for the manufacture of medical device displays, trailing aids, a prototype. Technavio’s analysts have predicted that the casting resin market will register a CAGR of more than 6% by 2023.

Market Overview

Growing adoption of casting resins in industrial sector

Casting resins such as polyurethane and epoxy designs find extensive applications in rapid prototyping and 3D printing and thermoforming in several end-user industries such as food, medical, and general retail.

Increase in prices of raw materials

With the several key producers in the US, Western European companies, and India dependent on raw material imports from China, the steady increase in the prices of raw materials is expected to hamper the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the casting resin market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Covestro and Hexion the competitive environment is quite intense. Factors such as the increasing adoption of casting resins in medical device production and the growing adoption of casting resins in industrial sector, will provide considerable growth opportunities to casting resin manufactures. Covestro, Hexion, Huntsman International, Polytek Development, and Resoltech are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Casting Resin Market 2019-2023

Technavio recognizes the following companies as the key players in the global casting resin market: Covestro, Hexion, Huntsman International, Polytek Development, and Resoltech.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend increasing adoption of casting resins in medical device production.”

According to the report, one of the major drivers for this market is the growing adoption of casting resins in industrial sector.

Further, the report states that one of the major factors hindering the growth of this market is the increase in prices of raw materials.

Companies Mentioned

Covestro
Hexion
Huntsman International
Polytek Development
Resoltech

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global polymer market
      • Table Segments of global polymer market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Polyurethane - Market size and forecast 2018-2023
      • Table Polyurethane - Market size and forecast 2018-2023 ($ millions)
      • Table Polyurethane - Year-over-year growth 2019-2023 (%)
    • Epoxy - Market size and forecast 2018-2023
      • Table Epoxy - Market size and forecast 2018-2023 ($ millions)
      • Table Epoxy - Year-over-year growth 2019-2023 (%)
    • Unsaturated polyester - Market size and forecast 2018-2023
      • Table Unsaturated polyester - Market size and forecast 2018-2023 ($ millions)
      • Table Unsaturated polyester - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rising adoption of epoxy resins for marine applications
    • Growing application of casting resins for renewable energy infrastructure
    • Increasing adoption of casting resins in medical device production
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Covestro
      • Table Covestro - Vendor overview
      • Table Covestro - Business segments
      • Table Covestro - Organizational developments
      • Table Covestro - Geographic focus
      • Table Covestro - Segment focus
      • Table Covestro - Key offerings
    • Hexion
      • Table Hexion - Vendor overview
      • Table Hexion - Business segments
      • Table Hexion - Organizational developments
      • Table Hexion - Geographic focus
      • Table Hexion - Segment focus
      • Table Hexion - Key offerings
    • Huntsman International
      • Table Huntsman International - Vendor overview
      • Table Huntsman International - Business segments
      • Table Huntsman International - Organizational developments
      • Table Huntsman International - Geographic focus
      • Table Huntsman International - Segment focus
      • Table Huntsman International - Key offerings
    • Polytek Development
      • Table Polytek Development - Vendor overview
      • Table Polytek Development - Product segments
      • Table Polytek Development - Organizational developments
      • Table Polytek Development - Key offerings
    • Resoltech
      • Table Resoltech - Vendor overview
      • Table Resoltech - Product segments
      • Table Resoltech - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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