Synthetic Resin Market Report – Forecast (2022-2027) - PowerPoint PPT Presentation

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Synthetic Resin Market Report – Forecast (2022-2027)

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However, increasing the adoption of bio-based resins over synthetic resins on account of their eco-friendly nature is acting as a major challenge for the global synthetic resins market during the forecast period. – PowerPoint PPT presentation

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Title: Synthetic Resin Market Report – Forecast (2022-2027)


1
Synthetic Resin MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • The Synthetic Resin Market size is projected to
    reach a value of US521.6 billion by the end of
    2027 after growing at a CAGR of 4.8 during the
    forecast period 2022-2027. A synthetic resin is a
    chemical substance that is synthesized to closely
    resemble the properties of its natural
    counterpart. Synthetic resins based on
    polyethylene, polyvinyl chloride, formaldehyde,
    aliphatic, and glycidyl amine occur in a wide
    range of products, such as plastics, paints, and
    varnishes. Products that are manufactured with
    synthetic resins provide better long-term
    corrosion protection of metal substrates because
    of their increased durability, owing to which its
    market demand is being spurred. The growth can be
    attributed to the increasing demand for paints,
    coatings, adhesives, and sealants from the
    bolstering building and construction industry
    across various regions globally.

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3
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  • Key Takeaways
  • The increasing per capita income and evolving
    lifestyle of individuals coupled with the rising
    population are the major factors expanding the
    transportation and construction industry in APAC.
  • Excellent properties such as toughness,
    resistance to several environmental factors,
    stability, and flame resistance, are making
    synthetic resin more popular in the electrical
    and electronics industries for manufacturing
    components such as printed circuit boards,
    electrical encapsulation circuits, components,
    and assembly materials.
  • Synthetic resins are being used in the oil gas
    industry as they are an ideal match for the
    challenges of withstanding high-pressure,
    high-temperature environments.

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4
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By Distribution Channel- Segment Analysis The
thermoplastic resins segment held the largest
share in the Synthetic Resin Market in 2021 and
is forecasted to grow at a CAGR of 4.9 during
the forecast period 2022-2027. Reheating,
remolding, and cooling thermoplastics without
causing chemical changes is possible. The primary
benefit of thermoplastics is their broad range of
uses. Thermoplastics are materials with high
strength, low weight, and low processing costs.
Furthermore, thermoplastic materials are
relatively simple to manufacture in large
quantities and with high precision.
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5
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  • Synthetic Resin Industry Outlook 
  • Huntsman International LLC
  • MCC Chemicals Inc.
  • UPC Technology Corporation
  • Bayer AG
  • DSM
  • Sinopec Corporation
  • Formosa Plastics Group
  • Purolite
  • The Dow Chemical Company
  • BASF SE

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6
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Synthetic Resin Market Forecast (2022 - 2027)
Learn More About the Report
_at_ https//www.industryarc.com/Research/Global-Syn
thetic-Resin-Industry-Market-Research-511787
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7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id511787

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8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
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