Specialty Resins Market, By Type, By Function, By Application, By Geography

Description

Global specialty resins market is estimated to be valued at USD 8.89 Bn in 2024 and is expected to reach USD 13.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 8.89 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.30%	2031 Value Projection:	US$ 13.63 Bn

Figure 1. Specialty Resins Market Share (%), By Region, 2024

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

Product Code: CMI6853

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Function
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Specialty Resins Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Specialty Resins Market
Impact Analysis

5. Global Specialty Resins Market, By Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Vinyl
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Epoxy
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Polyamides
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Unsaturated Polyester Resins
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Specialty Resins Market, By Function, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Protection
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Specialty Resins Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Building & Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Water Treatment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Marine
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Electrical & Electronics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aerospace
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Specialty Resins Market, By Region, 2019-2031 (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Function, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Function, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Function, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Function, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Function, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn & KT)
GCC Countries
Israel
Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BASF SE
Company Overview
Type Portfolio
Recent Developments/Updates
- 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

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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