Compounded resins are obtained by mixing base polymers with additives for enhancing the properties of polymers. This process is called compounding, and it improves the physical, thermal, and electrical, and aesthetic characteristics of polymers.
Market Analysis and Insights: Global Compounded Resins Market
Due to the COVID-19 pandemic, the global Compounded Resins market size is estimated to be worth US$ 597900 million in 2022 and is forecast to a readjusted size of US$ 769280 million by 2028 with a CAGR of 4.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Epoxy Resin accounting for % of the Compounded Resins global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.
Our industry research analysts have estimated that emerging economies in APAC will contribute to the maximum growth of this market throughout the predicted period. The growth of compounded resins market in economies including China and India can be attributed to the increasing application of plastics compounding in the growing automotive sector in the region.
Global Compounded Resins Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Compounded Resins Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Epoxy Resin
Unsaturated Polyester Resin
Phenolic Resin
Others
Segment by Application
Automotive
Building & Construction
Aerospace
Others
By Company
Hexion
Huntsman Corporation
DowDuPont
LyondellBasell
Royal DSM
RTP Company
BASF
Ashland
Mitsubishi Chemical
Sumitomo Bakelite
Kukdo Chemical
Hanwha Chemical
Sicomin
Gurit
Alpha Owens–Corning (AOC)
SABIC
Scott Bader Company
Solvay
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina