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PUBLISHER: Orion Market Research | PRODUCT CODE: 1433450

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PUBLISHER: Orion Market Research | PRODUCT CODE: 1433450

Global Pure Monomer Resins Market 2023-2030

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Global Pure Monomer Resins Market Size, Share & Trends Analysis Report by Type (Styrene Based, and Alpha-methyl Styrene Based), and by Application (Adhesives Production, Sealants Production, Polymer Modification, Rubber Compounding, Coatings Production, and Others), Forecast Period (2024-2031)

The global pure monomer resins market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Pure monomer resins are used in hot melts, pressure-sensitive tapes and labels, construction mastics, and many specialty applications. The growing adoption of pure monomer resins in various end-use industries such as plastics, adhesives, coatings, and textiles is the key factor supporting the growth of the market globally. The growth of these industries, driven by factors such as population growth, urbanization, and increasing consumer demand, contributes to the rising demand for pure monomer resins. Additionally, the manufacturers are moving towards acquisitions, collaborations, and partnerships to propel the pure monomer resin market growth. In November 2021, Synthomer acquired Eastman Chemical's adhesives resins business for $1 billion in a move that positioned the UK chemicals company as the pioneer in adhesives technologies. The purchase included Eastman's Impera tire resins, pure monomer resins, polyolefin polymers, rosins, dispersions, and oleochemical and fatty acid-based resin product lines.

Segmental Outlook

The global pure monomer resins market is segmented on the type and application. Based on the type, the market is sub-segmented into styrene-based, and alpha-methyl styrene-based. Further, based on application, the market is sub-segmented into adhesives production, sealants production, polymer modification, rubber compounding, coatings production, and others. Others include wax formulations. Among the applications, the coatings production sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of pure monomer resins that have found utility in coatings, investment wax casting compounds, thermoplastic/thermoplastic elastomers (TPE) modification, hydrophobic sealants, and coatings.

The Alpha-methyl Styrene Sub-Segment is Anticipated to Hold a Considerable Share of the Global Pure Monomer Resins Market

Among the types, the alpha-methyl styrene-based sub-segment is expected to hold a considerable share of the global pure monomer resins market. The segmental growth is attributed to improving the impact and heat-resistant properties of polymers, specialty grades of plastics, rubber, and protective coatings. Alpha-methylstyrene also moderates polymerization rates and improves product clarity in coatings and resins. Polymers of alpha-methylstyrene possess low molecular weights and are viscous liquids that are employed as plasticizers in plastics, paints, waxes, and adhesives. The growing investment in its Alpha Methyl Styrene (AMS) resin facilities, is also fueling the segmental growth. For instance, in April 2022, Kraton Corp., a sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, invested in its Alpha Methyl Styrene (AMS) Resins facility in Niort, France. Kraton expected the investment to result in a 15% production increase at the Niort manufacturing facility by 2023.

Regional Outlook

The global pure monomer resins market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the development of pure monomer resins used for pressure-sensitive tapes and labels, construction mastics, and many specialty applications.

The North America Region is Expected to Grow at a Significant CAGR in the Global Pure Monomer Resins Market

Among all regions, the North American region is anticipated to grow at a considerable CAGR over the forecast period. The major factor attributed to regional market growth includes the booming construction industry in North America is experiencing growth, driven by infrastructure development, residential construction, and commercial projects. Pure monomer resins are used in applications such as coatings, adhesives, and sealants, contributing to the demand in the construction sector. According to the US Census Bureau, during November 2023, construction spending was estimated at a seasonally adjusted annual rate of $2,050.1 billion, 0.4% above the revised October estimate of $2,042.5 billion. Spending on private construction was at a seasonally adjusted annual rate of $1,595.0 billion, 0.7% (±0.5%) above the revised October estimate of $1,584.4 billion. In November, public construction estimated seasonally adjusted annual rate of public construction spending was $455.1 billion, 0.7% (±1.8%) below the revised October estimate of $458.1 billion.

Market Players Outlook

The major companies serving the pure monomer resins market include Cray Valley, Eastman (Synthomer), Kraton Corp., Lesco Chemical Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Synthomer acquired Eastman Chemical's adhesives resins business for $1 billion in a move that positioned the UK chemicals company as the global leader in adhesives technologies.

The Report Covers:

  • Market value data analysis of 2023 and forecast to 2031.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global pure monomer resins market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying 'who-stands-where' in the market.
Product Code: OMR2028075

Table of Contents

1. Report Summary

  • Current Industry Analysis and Growth Potential Outlook
  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments
    • 1.2.2. By Region

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion

3. Competitive Landscape

  • 3.1. Key Company Analysis
  • 3.2. Cray Valley
    • 3.2.1. Overview
    • 3.2.2. Financial Analysis
    • 3.2.3. SWOT Analysis
    • 3.2.4. Recent Developments
  • 3.3. Eastman (Synthomer)
    • 3.3.1. Overview
    • 3.3.2. Financial Analysis
    • 3.3.3. SWOT Analysis
    • 3.3.4. Recent Developments
  • 3.4. Kraton Corp.,
    • 3.4.1. Overview
    • 3.4.2. Financial Analysis
    • 3.4.3. SWOT Analysis
    • 3.4.4. Recent Developments
  • 3.5. Lesco Chemical Ltd
    • 3.5.1. Overview
    • 3.5.2. Financial Analysis
    • 3.5.3. SWOT Analysis
    • 3.5.4. Recent Developments
  • 3.6. Key Strategy Analysis

4. Market Segmentation

  • 4.1. Global Pure Monomer Resins Market by Type
    • 4.1.1. Styrene Based
    • 4.1.2. Alpha-methyl Styrene Based
  • 4.2. Global Pure Monomer Resins Market by Application
    • 4.2.1. Adhesives Production
    • 4.2.2. Sealants Production
    • 4.2.3. Polymer Modification
    • 4.2.4. Rubber Compounding
    • 4.2.5. Coatings Production
    • 4.2.6. Others (Wax Formulations)

5. Regional Analysis

  • 5.1. North America
    • 5.1.1. United States
    • 5.1.2. Canada
  • 5.2. Europe
    • 5.2.1. UK
    • 5.2.2. Germany
    • 5.2.3. Italy
    • 5.2.4. Spain
    • 5.2.5. France
    • 5.2.6. Rest of Europe
  • 5.3. Asia-Pacific
    • 5.3.1. China
    • 5.3.2. India
    • 5.3.3. Japan
    • 5.3.4. South Korea
    • 5.3.5. Rest of Asia-Pacific
  • 5.4. Rest of the World

6. Company Profiles

  • 6.1. Foreverest Resources Ltd
  • 6.2. Guangzhou Xinhuayue Resin Technology Co., Ltd
  • 6.3. Kolon Industries
  • 6.4. K-Resinas
  • 6.5. Neville Chemical Co.,
  • 6.6. Puyang Tiancheng Chemical Co.,Ltd
  • 6.7. Rain Carbon Germany GmbH
  • 6.8. Songwon Industrial
  • 6.9. SpecialChem S.A.
  • 6.10. UL LLC
  • 6.11. VNK AS
  • 6.12. YASUHARA CHEMICAL CO., LTD.
  • 6.13. FUJIFILM Holdings Corp.,
Product Code: OMR2028075

LIST OF TABLES

  • 1. GLOBAL PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 2. GLOBAL STYRENE BASED PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 3. GLOBAL AUTOMATIC PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 4. GLOBAL PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 5. GLOBAL PURE MONOMER RESINS FOR ADHESIVES PRODUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 6. GLOBAL PURE MONOMER RESINS FOR SEALANTS PRODUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 7. GLOBAL PURE MONOMER RESINS FOR POLYMER MODIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 8. GLOBAL PURE MONOMER RESINS FOR RUBBER COMPOUNDING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 9. GLOBAL PURE MONOMER RESINS FOR COATINGS PRODUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 10. GLOBAL PURE MONOMER RESINS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 11. GLOBAL PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 12. NORTH AMERICAN PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 13. NORTH AMERICAN PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 14. NORTH AMERICAN PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 15. EUROPEAN PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 16. EUROPEAN PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 17. EUROPEAN PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 18. ASIA-PACIFIC PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 19. ASIA-PACIFIC PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 20. ASIA-PACIFIC PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 21. REST OF THE WORLD PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 22. REST OF THE WORLD PURE MONOMER RESINS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)

LIST OF FIGURES

  • 1. GLOBAL PURE MONOMER RESINS MARKET SHARE BY TYPE, 2023 VS 2031 (%)
  • 2. GLOBAL STYRENE BASED PURE MONOMER RESINS MARKET SHARE, 2023 VS 2031 (%)
  • 3. GLOBAL ALPHA-METHYL STYRENE BASED PURE MONOMER RESINS MARKET SHARE BY REGION, 2023 VS 2031 (%)
  • 4. GLOBAL PURE MONOMER RESINS MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
  • 5. GLOBAL PURE MONOMER RESINS FOR ADHESIVES PRODUCTION MARKET SHARE, 2023 VS 2031 (%)
  • 6. GLOBAL PURE MONOMER RESINS FOR SEALANTS PRODUCTION MARKET SHARE, 2023 VS 2031 (%)
  • 7. GLOBAL PURE MONOMER RESINS FOR POLYMER MODIFICATION MARKET SHARE, 2023 VS 2031 (%)
  • 8. GLOBAL PURE MONOMER RESINS FOR RUBBER COMPOUNDING MARKET SHARE, 2023 VS 2031 (%)
  • 9. GLOBAL PURE MONOMER RESINS FOR COATINGS PRODUCTION MARKET SHARE, 2023 VS 2031 (%)
  • 10. GLOBAL PURE MONOMER RESINS FOR OTHER APPLICATIONS MARKET SHARE, 2023 VS 2031 (%)
  • 11. GLOBAL PURE MONOMER RESINS MARKET SHARE BY REGION, 2023 VS 2031 (%)
  • 12. US PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 13. CANADA PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 14. UK PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 15. FRANCE PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 16. GERMANY PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 17. ITALY PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 18. SPAIN PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 19. REST OF EUROPE PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 20. INDIA PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 21. CHINA PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 22. JAPAN PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 23. SOUTH KOREA PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 24. REST OF ASIA-PACIFIC PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
  • 25. REST OF THE WORLD PURE MONOMER RESINS MARKET SIZE, 2023-2031 ($ MILLION)
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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