SPECIALTY RESINS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global specialty resins market is estimated to be valued at USD 8.89 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031. Specialty resins refers to a class of advanced engineered polymers that exhibit unique properties for specialized performance. These include thermosetting resins such as epoxy, unsaturated polyester, and vinyl ester resins. Specialty resins find wide application in end-use industries such as construction, automotive, aerospace, and marine and wind energy, owing to benefits such as high temperature and chemical resistance, strength, flexibility and durability. Rapid industrialization along with growing infrastructural investments in emerging nations has boosted demand for high-performance specialty resins in the past few years.

 Market Dynamics:

Global specialty resins market growth is driven by robust growth of end-use industries such as construction and automotive. Infrastructure development activities in developing countries along with rising automobile production is boosting the consumption of specialty resins. Furthermore, stringent environmental regulations regarding volatile organic compound (VOC) emissions from paints and coatings is boosting demand for eco-friendly specialty resins. However, fluctuation in raw material prices remains a key challenge for market players. Ongoing research & development activities to develop bio-based and recyclable specialty resins offer lucrative opportunities for sustained market growth over the forecast period.

 Key Features of the Study:

• This report provides in-depth analysis of the global specialty resins market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global specialty resins market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include BASF SE, Hexion Inc., SABIC, Royal DSM, Arkema, Radiant Color NV, Mitsubishi Chemical Corporation, The Dow Chemical Company, Huntsman International LLC, Aldex Chemical Company Limited, Thermax Limited, International Specialty Chemicals Ltd., Purolite, Kolon Industries, Revex Plasticiser, Tetra , V. B. Chem Industries, Orson Resins And Coatings Private Limited,  Nye Lubricants, Inc., and Scholle Ipn Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global specialty resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global specialty resins market.

Detailed Segmentation

• Type:
  • Vinyl
  • Epoxy
  • Polyamides
  • Unsaturated Polyester Resins
  • Others
• Function:
  • Protection
  • Insulation
  • Others
• Application:
  • Building & Construction
  • Water Treatment
  • Marine
  • Electrical & Electronics
  • Automotive
  • Aerospace
  • Others
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • BASF SE
  • Hexion Inc.
  • SABIC
  • Royal DSM
  • Arkema
  • Radiant Color NV
  • Mitsubishi Chemical Corporation
  • The Dow Chemical Company
  • Huntsman International LLC
  • Aldex Chemical Company Limited
  • Thermax Limited
  • International Specialty Chemicals Ltd.
  • Purolite
  • Kolon Industries
  • Revex Plasticiser
  • Tetra 
  • V. B. Chem Industries
  • Orson Resins And Coatings Private Limited
  •  Nye Lubricants, Inc.
  • Scholle Ipn Corporation