Global Casting Resin Market 2023-2027
The casting resin market is forecasted to grow by USD 2329.01 mn during 2022-2027, accelerating at a CAGR of 6.61% during the forecast period. The report on the casting resin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from automotive industry, increased use of simulation-based castings, and increased demand resin casting from renewable energy sector.
Technavio's casting resin market is segmented as below:
By Type
- Polyurethane
- Epoxy
- Unsaturated polyester
By End-user
- Automotive
- Building and construction
- Electrical and electronics
- Transportation and others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing demand for waterborne polyurethane coatings as one of the prime reasons driving the casting resin market growth during the next few years. Also, rise in technological advancements and rising demand for 1K PU coating system will lead to sizable demand in the market.
The report on the casting resin market covers the following areas:
- Casting resin market sizing
- Casting resin market forecast
- Casting resin market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading casting resin market vendors that include Aditya Birla Management Corp. Pvt. Ltd., Alchemie Ltd., ASAHI YUKIZAI CORP., Atul Ltd., carbonblack composites, Chang Chun Group, CHEMZEST, China Petrochemical Corp., Covestro AG, DIC Corp., Gougeon Brothers Inc., Hexion Inc., Huntsman International LLC, Kolon Industries Inc., Kukdo Chemical Co. Ltd., Polytek Development Corp., RESOLTECH SAS, Schmid Industrieholding GmbH, Specialty Resin Chemical, and Suzhou Xingye Materials Technology Co. Ltd.. Also, the casting resin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.