Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Specialty Resins Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Specialty Resins Market Growth?
The market size for specialty resins has seen a steady increase in recent years. The market expanded from a size of $9.05 billion in 2024 and is expected to reach $9.48 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%.
What Is the Predicted Industry Size and CAGR of the Specialty Resins Market in 2029?
The Specialty Resins market is anticipated to rise to $12.61 billion in 2029 with a compound annual growth rate of 7.4%. This interpretation does not discuss growth factors or trends.
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Which Factors Are Driving Growth in the Specialty Resins Market?
The key Drivers in the specialty resins market are:
• Rising demand in the construction industry
• Broad usage of specialty resins in various construction processes
• Increased utilization of epoxy resin in construction components production
• Continuous growth in construction output volumes
Which Segment Trends Are Covered in the Specialty Resins Market Forecast?
The specialty resinsmarket covered in this report is segmented –
1) By Resin Type: Epoxy, Unsaturated Polyester Resin (UPR), Vinyl, Polyamides
2) By Function: Protection, Insulation, Other Functions
3) By End Use Industry: Building And Construction, Automotive, Water Treatment, Marine, Electrical And Electronics, Aerospace, Other End Use Industries
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What Are the Current Market Trends in the Specialty Resins Industry?
The key trends in the specialty resins market are:
• Emerging trend in the specialty resins market is the focus on the development of technologically advanced resin solutions.
• Major market players are launching new and improved specialty resin solutions.
• The specialty resins market will be significantly influenced by high-performance phenolic resins.
• There is a trend towards specialty solutions for casting and expanding industrial applications.
Who are the Key Companies in the Specialty Resins Market?
The key players in the specialty resins market are:
• Aldex Chemical Company Limited
• Radiant Color NV
• Huntsman International LLC
• Purolite Corporation
• Mitsubishi Chemical Corporation
• Thermax Limited
• International Specialty Chemicals Ltd.
• BASF SE
• Emerald Performance Materials LLC
• Arkema S.A.
• Koninklijke DSM N.V.
• Pure Resin Co. Ltd.
• Kolon Industries Inc.
• Suqing Group
• Specialty Resin Chemical Co. Ltd.
• Scott Bader Company Limited
• Aditya Birla Chemicals (Thailand) Limited
• DIC Corporation
• Allnex Belgium SA/NV
• Polynt SpA
• INEOS Group Limited
• Reichhold LLC
• Sika AG
• Sinopec Baling Company Limited
• Eternal Materials Co. Ltd.
• Chang Chun Plastics Co. Ltd.
• Kukdo Chemical Co. Ltd.
• Hitachi Chemical Company Ltd.
• Nanya Plastics Corporation
• SABIC Innovative Plastics US LLC
• Sumitomo Bakelite Co. Ltd.
• Kyocera Chemical Corporation.
What are the Regional Trends Across the Specialty Resins Market?
Asia-Pacific was the largest region in the specialty resins market in 2024
