Global Resins- Market Overview:
Resins are organic compounds that are obtained naturally or produced synthetically from petroleum, coal, or natural gas. The growth of automotive and construction industries, particularly in emerging markets, is driving the resins market, with a growing need for lightweight and durable materials. At the same time, advancements in high-performance resins, such as smart polymers and nanocomposites, are improving material properties, making them ideal for application in advanced industries like aerospace, healthcare, and electronics. The rise of 3D printing and additive manufacturing is also providing new opportunities for the use of specialty resins, offering better precision, customization, and quicker production, particularly in areas such as healthcare and manufacturing. However, increasing worries about plastic waste have resulted in stronger limitations on single-use plastics, hastening the transition to sustainable and eco-friendly materials.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Shift Toward Eco-Friendly Resins Due To Rising Environmental Concerns and Government Regulations
Market Growth Drivers:
Growth of E-Commerce and Consumer Goods Sectors Drives the Demand for Plastic Packaging Resins and Inclination Towards Additive Manufacturing Across Various Industries
Challenges:
Emerging Trends Towards Sustainable Packaging Materials such as Paper
Restraints:
Stringent Government Regulations Due To Increasing Concern over Plastic Waste Is Expected To Hamper Growth
Opportunities:
Rapid Adoption of Electric Vehicles and Demand for Resin-Based Composite Materials and Rapid Industrialization and Urbanization in Emerging Markets like China and India
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Merck KGaA (Germany), Tosoh Bioscience (Japan), Mitsubishi Chemical Corporation (Japan), VWR International, LLC. (United States), Kaneka Corporation (Japan), BASF SE (Germany), DuPont (United States), Arkema (France), Mitsui Chemicals (Japan), INEOS Holdings Ltd. (United Kingdom), Hexion (United States), Sumitomo Chemical Co. Ltd. (Japan), SABIC (Saudi Arabia), Nova Chemicals (Canada) and Teijin Limited (Japan). Considering Market by Form, the sub-segment i.e. Solid will boost the Resins- market. Considering Market by End User, the sub-segment i.e. Automotive will boost the Resins- market.
What Can be Explored with the Resins- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Resins- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Resins-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Resins- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Resins- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Resin Manufacturers, Suppliers & Distributors, End User Industries, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.