The Global Speciality Resins Market (2021-2026) by Resin Type, Product Type, Industry and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
The Global Speciality Resins Market is estimated to be USD 8.4 Bn in 2021 and is expected to reach USD 10.98 Bn by 2026, growing at a CAGR of 5.5%.
Market Dynamics
Specialty resins are also known as commodity resins. Specialty resins are high-volume produced plastic at low cost. The most widely used type of specialty resin is an epoxy resin that is used as an adhesive, sealant, binder for coating, and matrices for composite material. These resins are highly resistant to temperature and chemicals. Factors like the growing construction industry in developing regions, huge demand for epoxy resin from the aerospace industry and rising application of specialty resins in the automotive sector are drivers for the market. Whereas the high cost of raw materials is a restraint for this market.
Advancement in the product and additional features and expanding applications in the commercial and electronics sector is an opportunity for the market. Stringent regulatory approvals required for production and the availability of low-cost substitutes is challenging factors.
Market Segmentation
The Global Speciality Resins Market is segmented further based on Resin Type, Product Type, Industry and Geography.
By Resin Type, the market is classified into Unsaturated Polyester Resin (UPR), Vinyl, Polyamides and Epoxy segments. Amongst all segments, the Epoxy segment is expected to grow at the highest CAGR.
By Product Type, the market is classified into Water-resistant, Water-absorbent and Other segments. Amongst all, the Water-resistant segment is expected to contribute the highest growth.
By Industry, the market is classified into Construction Industry, Electronics & Semiconductors, Aviation, Automotive and Other segments. Amongst all segments, the Construction segment is expected to grow at the highest CAGR.
By Geography, Asia Pacific is projected to lead the market.
Recent Developments
1. SEAL Eco Advance Ltd. & Dow sign MoU to accelerate the adoption of post-consumer recycled (PCR) resin for e-commerce packaging – 20th May 2021
2. Lubrizol & Grasim Industries partner for India’s largest CPVC resin plant – 2nd November 2020
Company Profiles
Some of the companies covered in this report are The Dow Chemical Company, Pure Resin, Suqing Group, Arkema Group, Aldex Chemical Company Limited, BASF SE, Huntsman International LLC, Mexichem S.A.B. de C.V., Emerald Performance Materials, Royal DSM, etc.
IGR Competitive Quadrant
The report includes the IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Speciality Resins Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.
Report Highlights:
A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Stakeholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.2.3 IGR Models
- 2.3 Market Size Estimation
- 2.3.1 Bottom-Up Approach
- 2.3.2 Top-Down Approach
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 3.1 Introduction
- 3.2 Market Size and Segmentation
- 3.3 Market Outlook
- 4 Market Influencers
- 4.1 Drivers
- 4.1.1 Growing Construction Industry in Developing Regions
- 4.1.2 Huge Demand for Epoxy Resin from Aerospace Industry
- 4.1.3 Rising Application of Speciality Resins in Automotive and Construction Sector
- 4.2 Restraints
- 4.2.1 High Cost of Raw Materials
- 4.3 Opportunities
- 4.3.1 Advancement in the Product and Additional Features
- 4.3.2 Expanding Application in the Commercial Electronics Sector
- 4.4 Challenges
- 4.4.1 Stringent regulatory approvals are required for production
- 4.4.2 Availability of low-cost substitutes
- 5 Market Analysis
- 5.1 Regulatory Scenario
- 5.2 Porter’s Five Forces Analysis
- 5.3 Impact of COVID-19
- 5.4 Ansoff Matrix Analysis
- 6 Global Speciality Resins Market, By Resin Type
- 6.1 Introduction
- 6.2 Unsaturated Polyester Resin (UPR)
- 6.3 Vinyl
- 6.4 Polyamides
- 6.5 Epoxy
- 7 Global Speciality Resins Market, By Product Type
- 7.1 Introduction
- 7.2 Water-absorbing resins
- 7.3 Water-resistant resins
- 7.4 Others
- 8 Global Speciality Resins Market, By Industry
- 8.1 Introduction
- 8.2 Construction Industry
- 8.3 Electronics & Semiconductors
- 8.4 Aviation
- 8.5 Automotive
- 8.6 Others
- 9 Global Speciality Resins Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 South America
- 9.3.1 Brazil
- 9.3.2 Argentina
- 9.3.3 Chile
- 9.3.4 Colombia
- 9.4 Europe
- 9.4.1 UK
- 9.4.2 France
- 9.4.3 Germany
- 9.4.4 Italy
- 9.4.5 Spain
- 9.4.6 Netherlands
- 9.4.7 Sweden
- 9.4.8 Russia
- 9.4.9 Rest of Europe
- 9.5 Asia-Pacific
- 9.5.1 China
- 9.5.2 Japan
- 9.5.3 India
- 9.5.4 Indonesia
- 9.5.5 Malaysia
- 9.5.6 South Korea
- 9.5.7 Australia
- 9.5.8 Sri Lanka
- 9.5.9 Thailand
- 9.5.10 Rest of APAC
- 9.6 Middle-East and Africa
- 9.6.1 Qatar
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 United Arab Emirates
- 10 Competitive Landscape
- 10.1 IGR Competitive Quadrant
- 10.2 Market Share Analysis
- 10.3 Strategic Initiatives
- 10.3.1 M&A and Investments
- 10.3.2 Partnerships and Collaborations
- 10.3.3 Product Developments and Improvements
- 11 Company Profiles
- 11.1 The Dow Chemical Company
- 11.2 Pure Resin
- 11.3 Suqing Group
- 11.4 Arkema Group
- 11.5 Aldex Chemical Company Limited
- 11.6 BASF SE
- 11.7 Huntsman International LLC
- 11.8 Mexichem S.A.B. de C.V.
- 11.9 Emerald Performance Materials
- 11.10 Royal DSM
- 11.11 Radiant Color NV
- 11.12 International Speciality Chemicals Ltd
- 11.13 Purolite
- 11.14 Mitsubishi Chemical Corporation
- 11.15 Thermax Limited
- 12 Appendix
- 12.1 Questionnaire
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