The phenolic resins market is projected to grow at a CAGR of 3.85% during the forecast period, reaching a total market size of US$14.237 billion in 2024. Phenolic resins are synthetic polymers which are widely used in molding compounds, wood adhesives, and laminates. Growing construction industry is one of the major drivers of the phenolic resins market. Strict emission regulations promoting the use of lightweight composites in the automotive sector is further fueling the growth of the phenol Read more...
The global polypropylene resin market is projected to grow at a CAGR of 6.04% to reach US$109.055 billion in 2024 from US$76.694 billion in 2018. Polypropylene is a hugely versatile plastic due to its low cost, durability and excellent tolerance of both chemical substances and high temperature. The growth in polypropylene consumption is mainly driv Read more...
The global PET resin market was valued at US$30.295 billion in 2018 and 22.521 million tonnes by volume. PET (Polyethylene Terephthalate) is a clear, strong, lightweight plastic that is widely used for packaging food and beverages. It is most commonly used to package bottled water and carbonated drinks. The demand for PET resin is majorly driven by Read more...
The global thermoplastic resin market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2024, from US$XX.XXX billion in 2018.Thermoplastics are plastic polymers that soften when they are heated, allowing for molding, and solidify again as they are cooled. These are used for wide range of applications from consumer goods to medical equipment, depending upon the type of material. Rapid urbanization across the globe is bolstering the thermoplastics market growth. Geographica Read more...
The global UV curable resins market is expected to witness a CAGR of 7.03% to reach US$6,156.196 million in 2024 from US$4,095.699 million in 2018. UV-curing resins are material that is polymerized and cured in a short time by the energy radiated from Ultraviolet irradiation devices. They are widely used as industrial materials for sealing, bonding Read more...
The ion exchange resins market is projected to grow at a CAGR of 3.22% to reach US$1,194.031 million by 2024, from US$987.212 million in 2018. Ion exchange resins are widely used in the water treatment process that includes water softening or dimeralization. They are also used to remove other substances from the water during processes such as dealkalization, deionization, and disinfection. The burgeoning population across the globe is leading to an increased demand for water among the populat Read more...
The polyamide resins market is expected to grow at a CAGR of 5.24% over the forecast period to reach a total market size of US$38.711 billion by 2025, increasing from US$28.494 billion in 2019. Polyamide resins are high molecular weight polymers with excellent strength and heat tolerance and are widely used in various end-user industries ranging from oil and gas to automotive. Due to superior properties and its wider adoption in the end-user industry the market is expected to witness sig Read more...
The water-based resins market is projected to grow at a CAGR of 6.88% to reach a market size of US$39,261.054 million in 2024 from US$26,339.723 million in 2018. Water-based resins are the prime constituent of latex-based paints or any water-reducible coatings or paints as they completely dissolve in water and other solvents. These resins are gaining traction in the coating industry as compared with their solvent-based counterparts due to continued technological advancement. The increasing pr Read more...
The ink resin market is expected to reach US$3.198 billion by the end of 2023, increasing from US$2.523 billion in 2017, growing at a CAGR of 4.03% during the forecast period. Ink resins have a number of applications across various industries owing to superior properties such as high solvency, good flow, stability, enriched gloss, better surface appearance, and performance. The growth of e-commerce industry and rising demand for retail-ready packaging are the major factors driving the demand Read more...
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