세계의 특수 수지 시장 규모, 점유율, 동향 분석 리포트 : 기능별, 용도별, 유형별, 지역별 전망, 예측(2024-2031년)

The Global Specialty Resins Market size is expected to reach $12.6 billion by 2031, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,755.0 kilo tonnes, experiencing a growth of 26.5% (2020-2023).

In the production of components such as insulators, encapsulants, and printed circuit boards (PCBs), specialty polymers are essential. They offer exceptional moisture resistance, thermal stability, and electrical insulation. Thus, the electrical & electronics segment acquired 12% revenue share in the market in 2023. In terms of volume, 463.4 kilo tonnes of Specialty Resins expected to be utilized by the year 2031 in electrical & electronics. The segment's expansion is fueled by the growing demand for high-performance materials in a variety of electronic applications. Moreover, the rapid growth of sectors like telecommunications, consumer electronics, and automotive electronics has further fueled the demand for specialty resins. The trend towards more complex electronic systems and devices, such as smartphones, electric vehicles, and smart home technologies, requires materials that can withstand higher temperatures and provide reliable electrical insulation.

The construction industry is vital in driving the demand for specialty resins in Europe. Countries like Germany, France, and the UK are witnessing significant construction activities, particularly in residential and commercial sectors. Specialty resins are used in these projects for various purposes, including architectural coatings, adhesives for insulation materials, and high-performance sealants. Additionally, with the expansion of the automotive industry, the focus has shifted to fuel efficiency and emissions reduction. Therefore, manufacturers are turning to lightweight materials to improve vehicle performance. Automakers are able to meet stringent fuel efficiency standards with the assistance of specialty resins, such as carbon fiber-reinforced composites, which provide a lightweight alternative to conventional materials like steel and aluminum. On top of that, the demand for specialty resins in the automotive industry has been fueled by the expanding demand for electric vehicles (EVs). Due to their excellent insulating properties and thermal stability, specialty resins are used in EV batteries, charging systems, and electrical components. It is anticipated that the demand for specialty resins will significantly increase alongside the transition towards electrification in the automotive industry. The demand for specialty resins is expected to grow, driven by the need for high-performance and sustainable construction materials. and the expanding automotive industry is driving significant growth in the demand for specialty resins.

However, the high production costs of specialty resins can impact the overall competitiveness of industries that rely heavily on these materials. Manufacturers may face challenges in pricing their products competitively, especially when competing against products made with lower-cost materials. This can limit the growth potential of industries that could benefit from the unique properties of specialty resins but are constrained by cost considerations. Hence, the high costs associated with these materials may hamper the market's growth.

Type Outlook

Based on type, the market is divided into epoxy, vinyl, polyamides, unsaturated polyester resins, and others. The epoxy segment garnered 35% revenue share in the market in 2023. In terms of volume, 1,167.8 kilo tonnes of Epoxy resins expected to be utilized by the year 2031. Epoxy resins are highly regarded for their exceptional mechanical properties, chemical resistance, and adhesion, which make them applicable in various cases, such as composite materials, adhesives, and coatings.

Application Outlook

On the basis of application, the market is classified into building & construction, water treatment, marine, electrical & electronics, automotive, aerospace, and others. The automotive segment garnered 21% revenue share in the market in 2023. In terms of volume, 1,857.4 kilo tonnes of specialty resins expected to be utilized in automotive by the year 2031. The automotive industry's demand for lightweight as well as high-performance materials is the driving force behind the use of specialty resins. These resins are designed to improve the overall performance of vehicles, reduce emissions, and increase fuel efficiency.

Function Outlook

By function, the market is segmented into protection, insulation and others. The protection segment recorded 62% revenue share in the market. In terms of volume, 2,257.7 kilo tonnes of specialty resins expected to be utilized in protection function by the year 2031. The applications of specialty resins in this segment are extensive, as they are employed to protect a variety of products and materials from environmental damage, corrosion, and erosion. Industries such as automotive, aerospace, and construction rely heavily on protective coatings and adhesives made from specialty resins to enhance the durability and longevity of their products.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 54% revenue share in the market in 2023. In terms of volume, 2,443.9 kilo tonnes of specialty resins expected to be utilized in this region by the year 2031. China, India, and Japan are among the countries in Asia Pacific that are experiencing rapid industrialization and urbanization, which is driving the demand for specialty resins in the region. The region is experiencing a surge in the development of infrastructure, which is leading to an increase in the demand for specialty resins in construction materials such as coatings, adhesives, and composites.

List of Key Companies Profiled

• BASF SE
• Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
• Saudi Basic Industries Corporation (SABIC)
• Koninklijke DSM N.V.
• Arkema S.A.
• Mitsubishi Chemical Holdings Corporation
• The Dow Chemical Company
• Huntsman Corporation
• LyondellBasell Industries Holdings B.V.
• Lanxess AG

Global Specialty Resins Market Report Segmentation

By Function (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Protection
• Insulation & Other Functions

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Building & Construction
• Water Treatment
• Marine
• Electrical & Electronics
• Automotive
• Aerospace
• Other Applications

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Epoxy
• Vinyl
• Polyamides
• Unsaturated Polyester Resins
• Other Types

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology

• 1.1 Market Definition
• 1.2 Objectives
• 1.3 Market Scope
• 1.4 Segmentation
  • 1.4.1 Global Specialty Resins Market, by Function
  • 1.4.2 Global Specialty Resins Market, by Application
  • 1.4.3 Global Specialty Resins Market, by Type
  • 1.4.4 Global Specialty Resins Market, by Geography
• 1.5 Methodology for the research

Chapter 2. Market at a Glance

• 2.1 Key Highlights

Chapter 3. Market Overview

• 3.1 Introduction
  • 3.1.1 Overview
    • 3.1.1.1 Market Composition and Scenario
• 3.2 Key Factors Impacting the Market
  • 3.2.1 Market Drivers
  • 3.2.2 Market Restraints
  • 3.2.3 Market Opportunities
  • 3.2.4 Market Challenges
• 3.3 Porter Five Forces Analysis

Chapter 4. Global Specialty Resins Market by Function

• 4.1 Global Protection Market by Region
• 4.2 Global Insulation & Other Functions Market by Region

Chapter 5. Global Specialty Resins Market by Application

• 5.1 Global Building & Construction Market by Region
• 5.2 Global Water Treatment Market by Region
• 5.3 Global Marine Market by Region
• 5.4 Global Electrical & Electronics Market by Region
• 5.5 Global Automotive Market by Region
• 5.6 Global Aerospace Market by Region
• 5.7 Global Other Applications Market by Region

Chapter 6. Global Specialty Resins Market by Type

• 6.1 Global Epoxy Market by Region
• 6.2 Global Vinyl Market by Region
• 6.3 Global Polyamides Market by Region
• 6.4 Global Unsaturated Polyester Resins Market by Region
• 6.5 Global Other Types Market by Region

Chapter 7. Global Specialty Resins Market by Region

• 7.1 North America Specialty Resins Market
  • 7.1.1 North America Specialty Resins Market by Function
    • 7.1.1.1 North America Protection Market by Region
    • 7.1.1.2 North America Insulation & Other Functions Market by Region
  • 7.1.2 North America Specialty Resins Market by Application
    • 7.1.2.1 North America Building & Construction Market by Country
    • 7.1.2.2 North America Water Treatment Market by Country
    • 7.1.2.3 North America Marine Market by Country
    • 7.1.2.4 North America Electrical & Electronics Market by Country
    • 7.1.2.5 North America Automotive Market by Country
    • 7.1.2.6 North America Aerospace Market by Country
    • 7.1.2.7 North America Other Applications Market by Country
  • 7.1.3 North America Specialty Resins Market by Type
    • 7.1.3.1 North America Epoxy Market by Country
    • 7.1.3.2 North America Vinyl Market by Country
    • 7.1.3.3 North America Polyamides Market by Country
    • 7.1.3.4 North America Unsaturated Polyester Resins Market by Country
    • 7.1.3.5 North America Other Types Market by Country
  • 7.1.4 North America Specialty Resins Market by Country
    • 7.1.4.1 US Specialty Resins Market
      • 7.1.4.1.1 US Specialty Resins Market by Function
      • 7.1.4.1.2 US Specialty Resins Market by Application
      • 7.1.4.1.3 US Specialty Resins Market by Type
    • 7.1.4.2 Canada Specialty Resins Market
      • 7.1.4.2.1 Canada Specialty Resins Market by Function
      • 7.1.4.2.2 Canada Specialty Resins Market by Application
      • 7.1.4.2.3 Canada Specialty Resins Market by Type
    • 7.1.4.3 Mexico Specialty Resins Market
      • 7.1.4.3.1 Mexico Specialty Resins Market by Function
      • 7.1.4.3.2 Mexico Specialty Resins Market by Application
      • 7.1.4.3.3 Mexico Specialty Resins Market by Type
    • 7.1.4.4 Rest of North America Specialty Resins Market
      • 7.1.4.4.1 Rest of North America Specialty Resins Market by Function
      • 7.1.4.4.2 Rest of North America Specialty Resins Market by Application
      • 7.1.4.4.3 Rest of North America Specialty Resins Market by Type
• 7.2 Europe Specialty Resins Market
  • 7.2.1 Europe Specialty Resins Market by Function
    • 7.2.1.1 Europe Protection Market by Country
    • 7.2.1.2 Europe Insulation & Other Functions Market by Country
  • 7.2.2 Europe Specialty Resins Market by Application
    • 7.2.2.1 Europe Building & Construction Market by Country
    • 7.2.2.2 Europe Water Treatment Market by Country
    • 7.2.2.3 Europe Marine Market by Country
    • 7.2.2.4 Europe Electrical & Electronics Market by Country
    • 7.2.2.5 Europe Automotive Market by Country
    • 7.2.2.6 Europe Aerospace Market by Country
    • 7.2.2.7 Europe Other Applications Market by Country
  • 7.2.3 Europe Specialty Resins Market by Type
    • 7.2.3.1 Europe Epoxy Market by Country
    • 7.2.3.2 Europe Vinyl Market by Country
    • 7.2.3.3 Europe Polyamides Market by Country
    • 7.2.3.4 Europe Unsaturated Polyester Resins Market by Country
    • 7.2.3.5 Europe Other Types Market by Country
  • 7.2.4 Europe Specialty Resins Market by Country
    • 7.2.4.1 Germany Specialty Resins Market
      • 7.2.4.1.1 Germany Specialty Resins Market by Function
      • 7.2.4.1.2 Germany Specialty Resins Market by Application
      • 7.2.4.1.3 Germany Specialty Resins Market by Type
    • 7.2.4.2 UK Specialty Resins Market
      • 7.2.4.2.1 UK Specialty Resins Market by Function
      • 7.2.4.2.2 UK Specialty Resins Market by Application
      • 7.2.4.2.3 UK Specialty Resins Market by Type
    • 7.2.4.3 France Specialty Resins Market
      • 7.2.4.3.1 France Specialty Resins Market by Function
      • 7.2.4.3.2 France Specialty Resins Market by Application
      • 7.2.4.3.3 France Specialty Resins Market by Type
    • 7.2.4.4 Russia Specialty Resins Market
      • 7.2.4.4.1 Russia Specialty Resins Market by Function
      • 7.2.4.4.2 Russia Specialty Resins Market by Application
      • 7.2.4.4.3 Russia Specialty Resins Market by Type
    • 7.2.4.5 Spain Specialty Resins Market
      • 7.2.4.5.1 Spain Specialty Resins Market by Function
      • 7.2.4.5.2 Spain Specialty Resins Market by Application
      • 7.2.4.5.3 Spain Specialty Resins Market by Type
    • 7.2.4.6 Italy Specialty Resins Market
      • 7.2.4.6.1 Italy Specialty Resins Market by Function
      • 7.2.4.6.2 Italy Specialty Resins Market by Application
      • 7.2.4.6.3 Italy Specialty Resins Market by Type
    • 7.2.4.7 Rest of Europe Specialty Resins Market
      • 7.2.4.7.1 Rest of Europe Specialty Resins Market by Function
      • 7.2.4.7.2 Rest of Europe Specialty Resins Market by Application
      • 7.2.4.7.3 Rest of Europe Specialty Resins Market by Type
• 7.3 Asia Pacific Specialty Resins Market
  • 7.3.1 Asia Pacific Specialty Resins Market by Function
    • 7.3.1.1 Asia Pacific Protection Market by Country
    • 7.3.1.2 Asia Pacific Insulation & Other Functions Market by Country
  • 7.3.2 Asia Pacific Specialty Resins Market by Application
    • 7.3.2.1 Asia Pacific Building & Construction Market by Country
    • 7.3.2.2 Asia Pacific Water Treatment Market by Country
    • 7.3.2.3 Asia Pacific Marine Market by Country
    • 7.3.2.4 Asia Pacific Electrical & Electronics Market by Country
    • 7.3.2.5 Asia Pacific Automotive Market by Country
    • 7.3.2.6 Asia Pacific Aerospace Market by Country
    • 7.3.2.7 Asia Pacific Other Applications Market by Country
  • 7.3.3 Asia Pacific Specialty Resins Market by Type
    • 7.3.3.1 Asia Pacific Epoxy Market by Country
    • 7.3.3.2 Asia Pacific Vinyl Market by Country
    • 7.3.3.3 Asia Pacific Polyamides Market by Country
    • 7.3.3.4 Asia Pacific Unsaturated Polyester Resins Market by Country
    • 7.3.3.5 Asia Pacific Other Types Market by Country
  • 7.3.4 Asia Pacific Specialty Resins Market by Country
    • 7.3.4.1 China Specialty Resins Market
      • 7.3.4.1.1 China Specialty Resins Market by Function
      • 7.3.4.1.2 China Specialty Resins Market by Application
      • 7.3.4.1.3 China Specialty Resins Market by Type
    • 7.3.4.2 Japan Specialty Resins Market
      • 7.3.4.2.1 Japan Specialty Resins Market by Function
      • 7.3.4.2.2 Japan Specialty Resins Market by Application
      • 7.3.4.2.3 Japan Specialty Resins Market by Type
    • 7.3.4.3 India Specialty Resins Market
      • 7.3.4.3.1 India Specialty Resins Market by Function
      • 7.3.4.3.2 India Specialty Resins Market by Application
      • 7.3.4.3.3 India Specialty Resins Market by Type
    • 7.3.4.4 South Korea Specialty Resins Market
      • 7.3.4.4.1 South Korea Specialty Resins Market by Function
      • 7.3.4.4.2 South Korea Specialty Resins Market by Application
      • 7.3.4.4.3 South Korea Specialty Resins Market by Type
    • 7.3.4.5 Australia Specialty Resins Market
      • 7.3.4.5.1 Australia Specialty Resins Market by Function
      • 7.3.4.5.2 Australia Specialty Resins Market by Application
      • 7.3.4.5.3 Australia Specialty Resins Market by Type
    • 7.3.4.6 Malaysia Specialty Resins Market
      • 7.3.4.6.1 Malaysia Specialty Resins Market by Function
      • 7.3.4.6.2 Malaysia Specialty Resins Market by Application
      • 7.3.4.6.3 Malaysia Specialty Resins Market by Type
    • 7.3.4.7 Rest of Asia Pacific Specialty Resins Market
      • 7.3.4.7.1 Rest of Asia Pacific Specialty Resins Market by Function
      • 7.3.4.7.2 Rest of Asia Pacific Specialty Resins Market by Application
      • 7.3.4.7.3 Rest of Asia Pacific Specialty Resins Market by Type
• 7.4 LAMEA Specialty Resins Market
  • 7.4.1 LAMEA Specialty Resins Market by Function
    • 7.4.1.1 LAMEA Protection Market by Country
    • 7.4.1.2 LAMEA Insulation & Other Functions Market by Country
  • 7.4.2 LAMEA Specialty Resins Market by Application
    • 7.4.2.1 LAMEA Building & Construction Market by Country
    • 7.4.2.2 LAMEA Water Treatment Market by Country
    • 7.4.2.3 LAMEA Marine Market by Country
    • 7.4.2.4 LAMEA Electrical & Electronics Market by Country
    • 7.4.2.5 LAMEA Automotive Market by Country
    • 7.4.2.6 LAMEA Aerospace Market by Country
    • 7.4.2.7 LAMEA Other Applications Market by Country
  • 7.4.3 LAMEA Specialty Resins Market by Type
    • 7.4.3.1 LAMEA Epoxy Market by Country
    • 7.4.3.2 LAMEA Vinyl Market by Country
    • 7.4.3.3 LAMEA Polyamides Market by Country
    • 7.4.3.4 LAMEA Unsaturated Polyester Resins Market by Country
    • 7.4.3.5 LAMEA Other Types Market by Country
  • 7.4.4 LAMEA Specialty Resins Market by Country
    • 7.4.4.1 Brazil Specialty Resins Market
      • 7.4.4.1.1 Brazil Specialty Resins Market by Function
      • 7.4.4.1.2 Brazil Specialty Resins Market by Application
      • 7.4.4.1.3 Brazil Specialty Resins Market by Type
    • 7.4.4.2 Argentina Specialty Resins Market
      • 7.4.4.2.1 Argentina Specialty Resins Market by Function
      • 7.4.4.2.2 Argentina Specialty Resins Market by Application
      • 7.4.4.2.3 Argentina Specialty Resins Market by Type
    • 7.4.4.3 UAE Specialty Resins Market
      • 7.4.4.3.1 UAE Specialty Resins Market by Function
      • 7.4.4.3.2 UAE Specialty Resins Market by Application
      • 7.4.4.3.3 UAE Specialty Resins Market by Type
    • 7.4.4.4 Saudi Arabia Specialty Resins Market
      • 7.4.4.4.1 Saudi Arabia Specialty Resins Market by Function
      • 7.4.4.4.2 Saudi Arabia Specialty Resins Market by Application
      • 7.4.4.4.3 Saudi Arabia Specialty Resins Market by Type
    • 7.4.4.5 South Africa Specialty Resins Market
      • 7.4.4.5.1 South Africa Specialty Resins Market by Function
      • 7.4.4.5.2 South Africa Specialty Resins Market by Application
      • 7.4.4.5.3 South Africa Specialty Resins Market by Type
    • 7.4.4.6 Nigeria Specialty Resins Market
      • 7.4.4.6.1 Nigeria Specialty Resins Market by Function
      • 7.4.4.6.2 Nigeria Specialty Resins Market by Application
      • 7.4.4.6.3 Nigeria Specialty Resins Market by Type
    • 7.4.4.7 Rest of LAMEA Specialty Resins Market
      • 7.4.4.7.1 Rest of LAMEA Specialty Resins Market by Function
      • 7.4.4.7.2 Rest of LAMEA Specialty Resins Market by Application
      • 7.4.4.7.3 Rest of LAMEA Specialty Resins Market by Type

Chapter 8. Company Profiles

• 8.1 BASF SE
  • 8.1.1 Company Overview
  • 8.1.2 Financial Analysis
  • 8.1.3 Segmental and Regional Analysis
  • 8.1.4 Research & Development Expense
  • 8.1.5 SWOT Analysis
• 8.2 Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
  • 8.2.1 Company Overview
  • 8.2.2 SWOT Analysis
• 8.3 SABIC (Saudi Arabian Oil Company)
  • 8.3.1 Company Overview
  • 8.3.2 Financial Analysis
  • 8.3.3 Segmental and Regional Analysis
  • 8.3.4 SWOT Analysis
• 8.4 Koninklijke DSM N.V.
  • 8.4.1 Company Overview
  • 8.4.2 Financial Analysis
  • 8.4.3 Segmental and Regional Analysis
  • 8.4.4 Research & Development Expenses
  • 8.4.5 SWOT Analysis
• 8.5 Arkema S.A.
  • 8.5.1 Company Overview
  • 8.5.2 Financial Analysis
  • 8.5.3 Segmental and Regional Analysis
  • 8.5.4 Research & Development Expenses
  • 8.5.5 SWOT Analysis
• 8.6 Mitsubishi Chemical Holdings Corporation
  • 8.6.1 Company Overview
  • 8.6.2 Financial Analysis
  • 8.6.3 Segmental Analysis
  • 8.6.4 Research & Development Expense
  • 8.6.5 SWOT Analysis
• 8.7 The Dow Chemical Company
  • 8.7.1 Company Overview
  • 8.7.2 Financial Analysis
  • 8.7.3 Segmental and Regional Analysis
  • 8.7.4 Research & Development Expenses
  • 8.7.5 SWOT Analysis
• 8.8 Huntsman Corporation
  • 8.8.1 Company Overview
  • 8.8.2 Financial Analysis
  • 8.8.3 Segment and Regional Analysis
  • 8.8.4 Research & Development Expense
  • 8.8.5 SWOT Analysis
• 8.9 LyondellBasell Industries Holdings B.V.
  • 8.9.1 Company Overview
  • 8.9.2 Financial Analysis
  • 8.9.3 Segmental and Regional Analysis
  • 8.9.4 Research & Development Expenses
  • 8.9.5 SWOT Analysis
• 8.10. Lanxess AG
  • 8.10.1 Company Overview
  • 8.10.2 Financial Analysis
  • 8.10.3 Segmental and Regional Analysis
  • 8.10.4 Research & Development Expenses
  • 8.10.5 SWOT Analysis

Chapter 9. Winning Imperatives of Specialty Resins Market