Industrial Synthetic Resin Market Size, Share, Growth, Analysis and Forecast 2035 | ChemAnalyst

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Industrial Synthetic Resin Market is Expected to
Grow at a CAGR of 5.00 by 2035 ChemAnalyst
According to ChemAnalyst report, Industrial
Synthetic Resin Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, End Use, Resin Type, Distribution
Channel, Regional demand, 2015-2035, The
Industrial Synthetic Resin market is expected to
witness considerable growth by reaching demand of
43.5 million tonnes by 2035, growing at a
healthy CAGR of 5.00 in the forecast period.
Rising application of Industrial Synthetic Resin
in end use industries such as construction
chemicals, automotive, adhesives, furniture,
paints coatings, and other end-use industries,
is likely to boost the Industrial Synthetic
Resin market in the upcoming ten
years. Synthetic Resin are artificially
synthesized resins, which imparts properties
similar to that of natural resins. Synthetic
Resin market is segmented into decorative and
non-decorative (Industrial) resin market. This
report comprises of the Synthetic Resins catering
to the demand from industrial sector.
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The total installed capacity of Synthetic Resins
in 2021 stood at around 27.8 million tonnes. In
the forecast period, it is anticipated to reach
around 28.1 million tonnes owing to the addition
of capacities around the world, fueled by rising
demand in a variety of end-use industries. Read
Full Report Here https//www.chemanalyst.com/indu
stry- report/industrial-synthetic-resin-market-67
5 Continuing growth in the construction and
automotive sector, which spur the need for
construction chemicals, paints, coatings, and
other Industrial Synthetic Resin applications
viz., packaging adhesives would strongly drive
the global Industrial Synthetic Resin market in
the forthcoming years. In addition to soaring
construction and infrastructural activities,
demand from coatings industry, especially for
industrial and automotive coatings is on the rise
which is increasing the overall Industrial
Synthetic Resin consumption. Industrial
Synthetic Resin Market is segmented on the basis
of end use, resin type, sales channel, and
region. Based on end-uses, the Industrial
Synthetic Resin market is segregated into
construction chemicals, automotive, adhesives,
furniture, paints coatings, and others. The
demand from construction chemical and paints
coatings industry is likely to rise over the
forecast period on the back of increasing demand
from automotive and construction sectors. Region
wise, Asia Pacific holds the maximum demand share
of the Industrial Synthetic Resins, and it is
anticipated to grow at a promising pace until
the forecast period. The key producer of
Synthetic Resin is China which is likely to
boost its manufacturing owing to surging demand
from the downstream sectors.
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Sample Request https//www.chemanalyst.com/ChemAn
alyst/RequestForm Industrial Synthetic Resin
Market Analysis Plant Capacity, Production,
Operating Efficiency, Demand Supply, End Use,
Resin Type, Distribution Channel, Regional
demand 2015-2035, some of the major players
operating in Industrial Synthetic Resin market
Sinopec Group (China Petrochemical Corporation),
Covestro AG, Jiangsu Sanmu Group, SABIC, The Dow
Chemical Company, Nan Ya Plastics Corporation,
Kukdo Chemical Co. Ltd., Huntsman Corporation,
Formosa Petrochemical Corporation, and
others. The rapidly increasing demand from the
booming construction industry, paints coatings
and automotive industry is expected to boost the
Industrial Synthetic Resin market in the forecast
period until 2035. Further, with rising
disposable income of middle-class population,
resin demand from electrical electronic
industry is rising owing to its encapsulating
and potting application. Consistently growing
demand for Synthetic Resin in industrial
automotive coatings along with rising
construction activities, is likely to augment its
market in the next few years. said Mr. Karan
Chechi, Research Director with TechSci Research,
a research-based management consulting firm
promoting ChemAnalyst worldwide. Report
Scope In this report, Industrial Synthetic
Resin market has been segmented into following
categories, in addition to the industry trends
which have also been detailed below
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Attribute Details
Market size volume in 2035 43.5 million tonnes
Growth Rate CAGR of 5.00 from 2022 to 2035
Base year for estimation 2021
Historic Data 2015-2020
Forecast period 2023 2035
Quantitative units Demand in Million tonnes and CAGR from 2022 to 2035
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered End-Use (Construction Chemicals, Automotive, Adhesives, Furniture, Paints Coatings, and others) Resin Type (Phenolic Resin, Epoxy Resin, Polyester Resin, Acrylic Resin, Alkyd Resin, Amino Resin, Ketonic Resin, Polyamide Resin, and Others) Sales Channel (Direct Sale, and indirect sale)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled Sinopec Group (China Petrochemical Corporation), Covestro AG, Jiangsu Sanmu Group, SABIC, The Dow Chemical Company, Nan Ya Plastics Corporation, Kukdo Chemical Co. Ltd., Huntsman Corporation, Formosa Petrochemical Corporation, and others.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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