Global Epoxy Resin Market

Epoxy primer refers to a sealer with a non-porous finish that is used on a wide range of materials due to its strong adhesion, good mechanical ability, and long-lasting chemical resistance in wet and high-humidity environments. The thickness of an epoxy primer determines how well it can protect the material against corrosion. Epoxy primer is used as the first base coat over bare metal. The main substrates for epoxy primer are metal, concrete, masonry, fiberglass, and others. The metal refers to an epoxy primer that is used on bare metal to provide corrosion protection. A metal substrate refers to the parent or base material of metal to which a coating is applied or the substance upon which a process is carried out in the context of corrosion. The different technologies include solvent-borne and waterborne that are used in building and construction, automotive, marine, machinery and equipment, and others. The epoxy primer market research report is one of a series of new reports from The Business Research Company that provides epoxy primer market statistics, including global market size, regional shares, competitors with an epoxy primer market share, detailed epoxy primer market segments, market trends and opportunities, and any further data you may need to thrive in the epoxy primer industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global epoxy primer market size grew from $9.62 billion in 2022 to $10.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The epoxy primer market size is expected to grow to $13.24 billion in 2027 at a CAGR of 6.3%. The booming automotive industry is expected to propel the growth of the epoxy primer market going forward. The automotive industry comprises the companies involved in the design, manufacture, and sale of motor vehicles and related components. Epoxy coatings are frequently used in the automotive sector as primers to increase the adherence of the metal surface since paints in the automotive sector are crucial for resisting corrosion. Hence, the boom in the automotive industry results in an increased demand for epoxy primers. For instance, according to a report shared by the India Brand Equity Foundation, commonly known as IBEF, an Indian government export promotion agency, vehicle production in India was 22.93 million vehicles in 2022. Therefore, the booming automotive industry is driving the growth of the epoxy primer market. Technological advancement is a key trend gaining popularity in the epoxy primer market. Major companies operating in the epoxy primer sector are focused on adopting new technological solutions to sustain their position in the market. For instance, in December 2021, Applied Graphene Materials, a UK-based chemicals company launched a line of anti-corrosion epoxy primers that use its Genable technology. The Genable Epoxy primer is a C3-rated hybrid product offering synergy benefits by combining graphene with a zinc phosphate additive for standard applications in urban and industrial environments. It offers improved performance and protection against corrosion in harsh environments such as offshore and marine applications. In April 2022, Sherwin-Williams & Co., a US-based paint and coating manufacturing company, acquired Sika AG’s industrial coatings business for an undisclosed amount. This deal would bring the company unique technology and additional manufacturing and services capabilities that boost the growth and profitability targets. Sika AG is a Switzerland-based specialty chemical company that provides epoxy primers. Major players in the epoxy primer market are PPG Industries Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems, BASF SE, Nippon Paint Holdings Co. Ltd., Jotun Group, Asian Paints Ltd., Kansai Paints Co. Ltd., 3M Company, Carpoly Chemical Group Co. Ltd., Noroo Paint & Coatings Co Ltd., Diamond Vogel, Chugoku Marine Paints, and KCC Paint India Private Limited. Asia-Pacific was the largest region in the epoxy primer market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the epoxy primer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the epoxy primer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The epoxy primer market consists of sales of one-part epoxy primer and two-part epoxy primer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global epoxy primer market is segmented - 1) By Substrate: Metal, Concrete And Masonry, Fiberglass, Other Substrates 2) By Technology: Solvent-Borne, Waterborne 3) By Application: Building And Construction, Automotive, Marine, Machinery And Equipment, Other Applications

Epoxy adhesive is a synthetic compound made of an epoxy polymer or resin and a hardener that is used to adhere or join a range of surfaces with a strong, long-lasting, thermosetting adhesive that can endure high pressure and harsh weather conditions. These adhesives are used for bonding metals, glass, concrete, ceramics, wood, and many polymers and exhibit strong adherence on a variety of substrates. The main types of epoxy adhesives are one component, two components, and others. One component resin is called epoxy resin adhesives that have been heating cured. They are used for bonding, casting, and joint sealing. The distribution channel involved is online and offline which is distributed to building and construction, transportation, marine, automotive, wind energy, electrical and electronics, and other end users. The epoxy adhesives market research report is one of a series of new reports from The Business Research Company that provides epoxy adhesives market statistics, including epoxy adhesives industry global market size, regional shares, competitors with epoxy adhesives market share, detailed epoxy adhesives market segments, market trends, and opportunities, and any further data you may need to thrive in the epoxy adhesives industry. This epoxy adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global epoxy adhesives market size grew from $7.97 billion in 2022 to $8.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The epoxy adhesives market size is expected to grow to $10.89 billion in 2027 at a CAGR of 6.2%. The rising urbanization is expected to propel the growth of the epoxy adhesive market going forward. Urbanization is the process of more people moving into urban areas. Urbanization results in an increase in the population of cities and the size of urban regions are mostly caused by people moving from rural to urban areas. The rise in urbanization will lead to the growth of epoxy adhesives which are used in building and construction, automotive and transportation, marine, electrical, and electronics industries. For instance, according to The World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, in 2022 more than 50% of the world's population reside in cities. The number of people living in cities would be more than double to 6 billion by 2045. Therefore, the rising urbanization in the epoxy adhesive is expected to drive the growth of the epoxy adhesive market. Technological innovation is the key trend gaining popularity in the epoxy adhesives market. Major companies operating in the epoxy adhesives market are focused on developing new and innovative products to sustain and strengthen their market position. For instance, in June 2022, Toyo-Morton Ltd., a Japan-based manufacturer of laminating adhesives launched a laminating adhesives portfolio with food-safe products that are free of epoxy silanes and organic tin compounds. Both the solvent-based TOMOFLEX and the solvent-free ECOAD family of laminating adhesives are part of the updated portfolio, and both are appropriate for a variety of applications for multilayer flexible packaging, including dry food, liquid pouches, and high-performance retorts. In multilayer flexible packaging constructions, epoxy silane is frequently used as an adhesion promoter to strengthen the bond between layers and lengthen the shelf life of the packaged goods. In April 2021, Meridian Adhesives Group, a US-based chemical manufacturing company of adhesives and sealants acquired Pacific Adhesive Systems for an undisclosed amount. With this acquisition, Meridian Adhesives are now positioned to achieve greater heights in cutting-edge adhesive solutions. Pacific Adhesive Systems is a Malaysia-based firm that provides high-performance epoxy-based adhesive and coating solutions for the semiconductor, medical, and electronics industries. Major players in the epoxy adhesives market are 3M Company, Ashland Inc., Bostik SA, H B Fuller Company, Henkel AG, Mapei SPA, Sika AG, DuPont de Nemours Inc., Permabond LLC, Lord Corporation, Illinois Tool Works Incorporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, RPM International, Huntsman Corporation, Hubei Huitian New Materials Co. Ltd., Parker Hannifin Corp, Panacol-Elosol GmbH, Parson Adhesives Inc., The Dow Chemical Company, Uniseal Inc., Weicon GmBH & Co, Hernon Manufacturing Inc., Masterbond Inc., Pidilite Industries Limited, Helmitin Adhesives, Hexcel Corporation, Arkema Group, Jowat Corporation, Flamemaster Corporation, Collano AG, and Benson Polymers Limited. Asia-Pacific was the largest region in the epoxy adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the epoxy adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the epoxy adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The epoxy adhesive market consists of sales of resin and hardener. Values in this market are ‘resin’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global epoxy adhesives market is segmented - 1) By Type: One Component, Two Component, Other Types 2) By Distribution Channel: Online, Offline 3) By End User: Building and Construction, Transportation, Marine, Automotive, Wind Energy, Electrical and Electronics, Other End Users

The plastic materials are synthetically made final products from polymers and resin is an unprocessed plastic derived from plant oozes. These include nonvulcanizable thermoplastic elastomers, and customized as well as non-customized synthetic resins. The main types of plastic materials and resins are polypropylene-plastic material and resins, high-density polyethylene, polyvinyl chloride, polyethylene terephthalate, polyurethane, low-density polyethylene, polystyrene-plastic material and resins, and other types of plastic material and resins. Polyvinyl chloride is a thermoplastic made of 57% chlorine derived from common salt and 43% carbon derived from ethylene from hydrocarbon feedstocks, sugar crops, crude oil, and natural gas. The applications involved are packaging, housewares, bags, sheets, bottles, fibers, tapes, films, medical materials, and other applications. The end-user industries include the chemical industry, the coating and printing industry, the electronics industry, the food and pharmaceutical industry, and other end-user industries. The plastic materials and resins market research report is one of a series of new reports from The Business Research Company that provides plastic materials and resins market statistics, including plastic materials and resins industry global market size, regional shares, competitors with a plastic materials and resins market share, detailed plastic materials and resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic materials and resins industry. This plastic materials and resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global plastic material and resins market grew from $800.9 billion in 2022 to $885.95 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastic material and resins market is expected to grow to $1301.4 billion in 2027 at a CAGR of 10.1%. New developments in the packaging industry, such as CO2RE foaming technology, big data, and IoT integration, are expected to drive the market going forward. Convenience features, such as resealable packs, easy-opening, stand-up pouches, and smaller pack sizes for single-servings, are being introduced, and more promotional packs and brand extensions are being developed to ensure customer loyalty. Similarly, the recent development of biodegradable plastics, which degrade naturally from the actions of microorganisms such as bacteria, algae, and fungi, is gaining traction. These developments in packaging will increase the consumption of plastics, which will drive the market's growth. Oil price volatility is likely to have a negative impact on the plastic material and resin market as a significant decline and increase in oil prices negatively impact government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are largely dependent on revenues generated through crude oil exports, whereas a significant increase in oil prices has resulted in a spurt in inflation, current account deficit, and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022 due to a significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in the oil process is further expected to negatively impact the market going forward. The search for new characteristics for plastic materials and innovations in the manufacturing process have led to the development of various high-performance plastics. For example, smart polymers are materials that can change based on external environmental stimuli. A product that is a result of a combination of nanotechnology and plastic engineering. These products have high electrical conductivity, dimensional stability, and are also flame retardant, along with resistance to scratches, dents, and heat. These new high-performance plastics have gained rapid acceptance and find their applications in the medical, electronics, food packaging, automotive, and aerospace sectors. For instance, some of the major developments in plastic materials include plastics from potatoes and virgin PET from discarded textile fabric and waste bottles. Major companies in the plastic materials and resins market include Dow Inc., Sinopec Limited, LyondellBasell Industries Holdings BV, Whitehead Institute for Biomedical Research, BASF SE, INEOS AG, DuPont Inc., Alpek SA.B. de C.V, Alfa SA.B. de C.V, and Exxon Mobil. Asia-Pacific was the largest region in the plastic material and resins market in 2022. North America was the second-largest region in the plastic material and resins market. The regions covered in the plastic materials and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plastic materials and resins market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The plastic materials and resins market consists of the sales of ryton & kynar, acrylic or polymethyl methacrylate, polycarbonate, and acrylonitrile-butadiene-styrene plastic materials and resins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global plastic material and resins market is segmented - 1) By Type: Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins 2) By Application: Packaging, Housewares, Bags, sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications 3) By End Userr Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries

Specialty resins, also known as commodity resins, are a type of high-performance resins designed to offer superior thermal and chemical resistance to the materials in which they are used. It also offers high tensile strength and impact resistance and is used for applications such as noise control, vibration damping, shock isolation, and cushioning. The main types of specialty resins are epoxy, unsaturated polyester resin (UPR), vinyl, and polyamides. Epoxy resins are polymeric materials that contain more than one three-membered ring, also known as epoxides, and are thermosetting polymers. The most common form of specialty resin is epoxy resin, which is used as an adhesive, sealant, coating binder, and matrix for composite materials. Unsaturated polyester resin (UPR) is the condensation product of unsaturated acids or anhydrides and diols with/without diacids. These are used in the construction and marine sectors, as well as pipes and tanks. Vinyl specialty resins are used in new industrial applications such as coatings, printed circuit boards, metal foil laminates, building materials, automotive parts, rigid foams, and fiber-reinforced composites. Polyamides are a family of thermoplastic polymers that are opaque, high-density polymers with excellent strength and heat tolerance. The various types of functions of specialty resins include protection, insulation, and others. These are used in various sectors such as building and construction, automotive, water treatment, marine, electrical and electronics, aerospace, and others. The specialty resins market research report is one of a series of new reports from The Business Research Company that provides specialty resins market statistics, including specialty resins industry global market size, regional shares, competitors with a specialty resins market share, detailed specialty resins market segments, market trends and opportunities, and any further data you may need to thrive in the specialty resins industry. This specialty resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global specialty resins market size grew from $7.97 billion in 2022 to $8.56 billion in 2023, at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The specialty resins market size is expected to grow to $10.62 billion in 2027 at a CAGR of 5.6%. The growth in demand for the construction industry is projected to fuel the growth of the specialty resins market over the coming years. Construction is a wide industry that involves anything from mining, quarrying, and forestry to infrastructure and building construction, product manufacturing and supply, and repair, service, and disposal. Epoxy resin, a form of specialty resin, is used in the manufacturing of coatings, adhesives, flooring, plastics, primers and sealers, paints, and other building and construction products and components. For instance, in November 2022, according to the Office for National Statistics, a UK-based statistics authority, in volume terms, monthly construction output increased by 0.4% in August 2022, the second consecutive increase after July 2022's upwardly revised increase to 0.1%; in level terms, August 2022 is the second-highest monthly value (El 5,011 million), with May 2022 continuing to be at the highest level since records began in January 2010 (El 5,035 million). Therefore, the growth in demand for the construction industry drives the growth of the specialty resins market. Technological advancement has emerged as a key trend in the specialty resins market. Major players in the specialty resins industry are focused on developing technologically advanced specialty resin solutions.For instance, in September 2020, Allnex, a Germany-based producer of industrial coating resins, introduced PHENODUR PR 616/65B, a modern, environmentally friendly phenolic resin with a very low free formaldehyde value of less than 0.1%. In BPA-NI applications, PHENODUR PR 616/65B can be combined with high molecular weight polyester or high molecular weight epoxy resins for stable and versatile packaging and drum lining. In November 2020, Jacobi, a Sweden-based supplier of activated carbon, ion exchange resins, and mobile filter services, acquired Finex for an undisclosed amount. Through this acquisition, Jacobi broadens its portfolio of ion exchange resins. Finex is a Finland-based developer and manufacturer of chromatographic separation resins and specialty polymers. Major players in the specialty resins market are Aldex Chemical Company Limited, Radiant Color NV, Huntsman International LLC, Purolite, Mitsubishi Chemical Corporation, Thermax Limited, International Speciality Chemicals Ltd., BASF SE, Emerald Performance Materials, Arkema, Royal DSM, Pure Resin, Kolon Industries, Suqing, and Specialty Resin Chemical. Asia-Pacific was the largest region in the specialty resins market in 2022. Europe was the second-largest market in the specialty resin market. The regions covered in the specialty resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the specialty resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The specialty resins market consists of sales of specialty resins by type, including specialty thermoplastic composites, specialty thermoplastics, and specialty thermosets. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global specialty resins market is segmented - 1) By Resin Type: Epoxy, Unsaturated Polyester Resin (UPR), Vinyl, Polyamides 2) By Function: Protection, Insulation, and Other Functions 3) By End Use Industry: Building and Construction, Automotive, Water Treatment, Marine, Electrical and Electronics, Aerospace, and Other End Use Industries

Barrier resins refer to plastics that are used in packaging to prevent the penetration of gases, vapors (water or solvent), or liquids. Barrier resins are plastics used in packaging to prevent the passage of gases (oxygen, carbon dioxide, and nitrogen), vapor (water or solvent), or liquid. The main barrier resin packaging types include flexible packaging and rigid packaging. Flexible packaging is mostly made from plastic, film, foil, and paper and is hence light, compact, and flexible. The different resin types include polyvinylidene chloride, ethylene vinyl alcohol, polyethylene naphthalate, polyamide, polyethylene terephthalate, polyethylene, polypropylene, polyvinyl alcohol, and other resin types used in applications such as food and beverage, pharmaceutical and medical, cosmetics, agriculture, industrial, and other applications. The barrier resins market research report is one of a series of new reports from The Business Research Company that provides barrier resin market statistics, including barrier resins industry global market size, regional shares, competitors with a barrier resin market share, detailed barrier resin market segments, market trends and opportunities, and any further data you may need to thrive in the barrier resin industry. This barrier resin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global barrier resins market size grew from $3.41 billion in 2022 to $3.61 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The barrier resins market size is expected to grow to $4.56 billion in 2027 at a CAGR of 6.0%. An increase in demand for the longer shelf life of food products is contributing to the growth of the barrier resin market. There has been an increasing demand for food products with a longer shelf life. Barrier resins are used in the food and beverage packaging industry to protect packed goods from moisture and to prevent gas penetration. They provide enhanced shelf life and consistency and prevent odours and UV rays from entering the container, thus protecting the vitamin content of the food. In 2020, UAE-based FMCG company Truebell saw a threefold increase in demand for long-shelf-life products. The company saw an increase in the popularity of long-shelf-life food products and baking ingredients, along with an increase in the consumption of home-cooked meals. Thus, the growth in demand for a longer shelf life of food products will drive the growth of the barrier resin market. The development of organic resins is a key trend gaining popularity in the barrier resin market. Major companies operating in the barrier resin market are focused on developing new organic resins that are environmentally friendly and sustainable. For instance, in December 2020, Netherlands-based Royal DSM, a key science-based company involved in health, nutrition, and materials, launched Discovery resins for the packaging industry that are sustainable and plant-based. The SP-6400XP is a part of DSM's Discovery range of resins and emits fewer VOCs and carbon emissions for the printing and packaging industries. In November 2021, IPACKCHEM Group, a France-based manufacturer and distributor of plastic packaging products, signed an agreement to acquire Mullackal Polymers. The acquisition is expected to enable IPACKCHEM to build a solid presence in the huge and rapidly expanding Indian market and position it for future growth in the country. Mullackal Polymers is an India-based producer of high-quality HDPE and barrier plastic bottles, lids, and measuring cups. Major players in the barrier resin market are Kuraray Co., Ltd., The Dow Chemical Company, Tenjin Limited, Asahi Kasei Corporation, Solvay International, El du Pont de Nemours and Company, Ineos, Lyondellbasell Industries, Honeywell International Inc., Mitsui Chemicals, Inc., LG Chem, INVISTA, Chang Chun Petrochemical Co., Ltd., Mitsubishi Chemical Corporation, Valspar Corporation, Sabic, Borealis Ag, Sinopec, Braskem S.A., Hanwha Total Petroleum, NOVA Chemicals Corporation, EVAL Europe N.V, Zheijang Juhua Co., Ltd., Toray Industries and Mitsubishi Gas Chemical Company Inc. Asia-Pacific was the largest region in the barrier resin market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the barrier resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the barrier resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The barrier resin market consists of sales of nitrile resins and vinylidene chloride copolymers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global barrier resins market is segmented - 1) By Packaging Type: Flexible Packaging, Rigid Packaging 2) By Resin Type: Polyvinylidene Chloride, Ethylene Vinyl Alcohol, Polyethylene Naphthalate, Polyamide, Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Alcohol, and Other Resin Types 3) By Application: Food and Beverage, Pharmaceutical and Medical, Cosmetics, Agriculture, Industrial, and Other Applications

A cast resin dry type transformer is a dry type of transformer that does not use liquid for insulation with the primary and secondary windings encapsulated with epoxy resin. The cast resin offers protection against adverse ambient conditions and is generally smaller in dimensions and lighter in weight. They are used in commercial, industrial, and residential settings for indoor and outdoor applications. Cast coil transformers are better in respect of impulse voltage withstand strength compared to conventional dry type transformers. It converts alternating current from one voltage to another voltage. The main types of cast resin dry-type transformers include converter transformers and rectifier transformers. A converter transformer is used in industries to convert alternating current (AC) to direct current (DC). The different cooling types for cast resin dry-type transformers are natural air cooling and forced air cooling. The cast resin dry type transformers' phases include single phase, three phase, and low voltage and medium voltage. The different applications of cast resin dry type transformers include industrial, commercial, and others. The cast resin dry type market research report is one of a series of new reports from The Business Research Company that provides cast resin dry type market statistics, including cast resin dry type industry global market size, regional shares, competitors with a cast resin dry type market share, detailed cast resin dry type market segments, market trends and opportunities, and any further data you may need to thrive in the cast resin dry type industry. This cast resin dry type market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cast resin dry type transformer market size grew from $3.27 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of -2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The cast resin dry type transformer market is expected to grow from $2.98 billion in 2027 at a CAGR of -1.7%. An increase in demand for electricity is expected to drive the cast resin dry type transformer market. Cast resin dry type transformers are actively used in converting the voltage of the current to the required industry specifications. They are used for a variety of electrical applications, including lowering the voltage of electric current for traditional power circuits in order to run low-voltage devices and raising the voltage of electric current present in generators in order to transport electricity over great distances. According to the International Energy Agency (IEA), electricity demand will be five times higher in 2021 than it was in 2020, totaling over 1000 TWh.Additionally, global electricity demand is expected to increase by 4% in 2022. Hence, the increasing demand for electricity is expected to drive the cast resin dry type transformer market. The use of (Internet of things) IoT enabled cast resin dry type transformers is a key trend gaining popularity in the market. The use of IoT connectivity ensures the identification of poor quality electrical connections with thermal monitoring, thus extending equipment life and reducing maintenance expenses as well as downtime. For instance, French energy and automation digital solutions company Schneider Electric offers dry-type cast resin transformers with real-time visibility of equipment health for enhanced performance and long service life. Real-time thermal monitoring of devices allows users to detect any issues immediately and take preventative actions to avoid unplanned downtime. In October 2021, Prolec GE, a Mexico-based subsidiary of General Electric that designs and provides solutions for the generation, transmission, and distribution of electrical energy, acquired SPX's transformers for a deal amount of $645 million. The deal provides Prolec GE with a wider array of innovative and sustainable solutions for the distribution of electrical energy to the developing American market. SPX Transformers is a United States-based company that manufactures dry transformers, transformer components, and provides transformer service solutions. Major players in the cast resin dry type transformer market are Kirloskar Electric Co., Ltd., Schneider Electric, Siemens AG, ABB, BHEL, Crompton Greaves Ltd., Eaton Corporation, Fuji Electric, General Electric, Hammond Power Solutions, Hitachi Ltd., Voltamp Transformers, WEG Group, Hyosung Heavy Industries, Legrand, PI, Cast-RESIN and Power Sp. z o.o. Asia-Pacific was the largest region in the cast resin dry type transformer market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cast resin dry type market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cast resin dry type transformer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cast resin dry type transformer market consists of sales of electrical transformer, auxiliary, isolation, lightning, excitation and rectifier. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cast resin dry type transformer market is segmented - 1) By Type: Converter Transformer, Rectifier Transformer 2) By Cooling Type: Natural Air Cooling, Forced Air Cooling 3) By Phase: Single Phase, Three Phase 4) By Voltage: Low Voltage, Medium Voltage 5) By Application: Industrial, Commercial, Other Applications

The unsaturated polyester resins are mainly used in the production of fiber-reinforced plastics and filled plastic products and are obtained from the reaction of polyalcohol and polyacids. Unsaturated polyester resins are also used in tanks, sanitary ware, pipes, gratings, and high-performance components for the marine and transportation industry such as closure and body panels. They are cost-efficient, have good temperature tolerance capacity, and have resistance to water and chemicals. The main types of unsaturated polyester resins are orthophthalic resins, isophthalic resins, dicyclopentadiene, and others. Orthophthalic resin is a type of low-styrene emission orthophalic that is a thixotropic polyester resin and improves the working environment during and after application. The various forms available are liquid form and powder form and are used by various end-users such as building and construction, automotive, marine, pipes, ducts and tanks, wind energy, electrical and electronics, and others. The unsaturated polyester resins market research report is one of a series of new reports from The Business Research Company that provides unsaturated polyester resins market statistics, including unsaturated polyester resins industry global market size, regional shares, competitors with a unsaturated polyester resins market share, detailed unsaturated polyester resins market segments, market trends and opportunities, and any further data you may need to thrive in the unsaturated polyester resins industry. This unsaturated polyester resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global unsaturated polyester resins  market size grew from $9.67 billion in 2022 to $10.31 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The unsaturated polyester resins  market size is expected to grow to $13.28 billion in 2027 at a CAGR of 6.5%. Growth in the construction industry is significantly contributing to the growth of the unsaturated polyester resins market. The construction industry is involved in maintaining, repairing structures and buildings, and making new construction buildings. The growth in the building and construction industry drives the unsaturated polyester resins industry as they have the properties such as rapid strength gain, chemical resistance, corrosion resistance, high impact strength, and excellent compressive strength properties that are helpful in building and construction activities. There is a growth in the construction industry. For instance, according to the Ministry of Statistics and Programme Implementation (MoSPI), a ministry of the Government of India concerned with coverage and quality aspects of statistics released, in April-June 2021, the construction sector grew at 68.3% in India from April-June 2020. Therefore, growth in the construction industry is driving the unsaturated polyester resins market. Product innovations are the key trends gaining popularity in the unsaturated polyester resins market. Unsaturated polyester resins-based technologies are being used for repairing activities. The end-users are adopting innovations to use better products in their operations. For instance, according to data by the defense research and development organization updated in 2021, a fast setting and high strength polymer concrete composite (PolyCC) technology was developed as the binder resin based on an unsaturated polyester resin system to repair runways. It offers compressive strength by providing three-dimensional cross-linking within two hours. This is an innovative technology that does not require water and is workable in hot as well as sub-zero temperature conditions. In December 2020, AOC AG, a Switzerland-based company operating in resins and specialty materials acquired unsaturated polyester resin (UPR) manufacturing operations in Usti nad Labem in the Czech Republic for an undisclosed amount. With this acquisition, AOC will improve its services and will make new products in central and Eastern Europe for its customers. The UPR plant operates in the manufacturing of resins. Major players in the unsaturated polyester resins market are INEOS Group, UPC Technology Corporation, Ashland, BASF SE, Eternal Materials Co. Ltd., Interplastic Corporation, LERG SA, Qualipoly Chemical Corporation, Scott Bader Company Ltd., SHOWA DENKO K.K, Sino Polymer Co. Ltd., and Lanxess AG. Asia-Pacific was the largest region in the unsaturated polyester resins market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unsaturated polyester resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the unsaturated polyester resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The unsaturated polyester resins market consists of sales of vinyl polyester resins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global unsaturated polyester resins  market is segmented - 1) By Type: Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene, Other Types 2) By Form: Liquid Form, Powder Form 3) By End User: Building And Construction, Automotive, Marine, Pipes, Ducts And Tanks, Wind Energy, Electrical And Electronics, Other End-Users

The chromatography resins market are used to capture and polish monoclonal antibodies (mAbs), antibody fragments, vaccines, and other biomolecules using a stationary phase. The mobile phase drives the sample and the chromatography resins in the stationary phase allowing its purification. The main chromatography resins product types include native and synthetic. Native chromatography resins refer to chromatography resins made from natural polymers such as agarose, cellulose, and dextran. The different technology Types include affinity chromatography, anion exchange chromatography, cation exchange chromatography, size exclusion, and hydrophobic interaction, which are used in applications such as pharmaceutical and biotechnology, food and beverage, water and environmental analysis, and others. The chromatography resins market research report is one of a series of new reports from The Business Research Company that provides chromatography resins market statistics, including chromatography resins industry global market size, regional shares, competitors with a chromatography resins market share, detailed chromatography resins market segments, market trends and opportunities, and any further data you may need to thrive in the chromatography resins industry. This chromatography resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global chromatography resins market size grew from $2.49 billion in 2022 to $2.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The chromatography resins market size is expected to grow to $3.73 billion in 2027 at a CAGR of 8.5%. The rising prevalence of cancer cases across the globe is likely to contribute to the growth of the chromatography resins market. Monoclonal antibodies are targeted cancer therapies used to treat cancer and chromatography resins are media used to capture and polish monoclonal antibodies (mAbs), and other biomolecules. The increasing prevalence of cancer is thus expected to increase the demand for chromatography resins. According to the GLOBOCAN 2020, an online database providing global cancer statistics estimates, the global cancer burden is expected to be 28.4 million cases in 2040, a 47% rise from 2020. Hence, the rising prevalence of cancer is expected to generate more demand for cancer therapies, increasing the monoclonal antibodies demand and thus driving the market for chromatography resins. Technological advancements are shaping the chromatography resins market. For instance, in 2021, Purolite, a UK manufacturer of resin-based chromatography separation, purification, and extraction technologies launched the first protein A alkaline stable resin, designed to address the purification of pH-sensitive antibodies or other Fc-containing proteins. The company has deployed jetting technology that produces uniform size agarose beads with a very narrow particle size distribution. Results have indicated a 70% increase in yield when compared to conventional protein A resins along with an improved host cell protein clearance, which reduces the burden on future downstream steps. In December 2021, a US-based water, hygiene, and infection prevention solutions company, Ecolab acquired Purolite for $3.7 billion. Through this acquisition, Ecolab aims at major global growth by further improving end-product safety and quality to critical key customers in the life sciences and industrial markets. Purolite is a UK-based manufacturer of resin-based chromatography separation, purification, and extraction technologies company. Major players in the chromatography resins market are Merck KGaA, Bio-Rad Laboratories Inc., GE Healthcare Lifesciences, Thermo Fisher Scientific Inc., Purolite, W. R. Grace and Co, Mitsubishi Chemical Corporation, Tosoh Corporation, Danaher, Life Technologies Corporation, Repligen Corporation, Pall Corporation, Cytiva, Bio-Works Technologies AB, and DuPont. North America was the largest region in the chromatography resins market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the chromatography resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the chromatography resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The chromatography resins market consists of sales of affinity resins and ion exchange resin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global chromatography resins market is segmented - 1) By Product Type: Native, Synthetic 2) By Technology Type: Affinity Chromatography, Anion Exchange Chromatography, Cation Exchange Chromatography, Size Exclusion, Hydrophobic Interaction 3) By Application: Pharmaceutical And Biotechnology, Food And Beverage, Water And Environmental Analysis, Other Applications