Delvens has released a new research study titled "Adhesive Resin market" analysis by the following subjects: Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-clients.
Adhesive Resin market size was estimated at USD 14.33 billion in 2023 and is projected to reach USD 18.87 billion in 2030 at a CAGR of 4.01% during the forecast period 2023-2030.
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Adhesive resin is a carboxylic acid-based precursor plastic compound used to create polymers and adhesives for a variety of applications, including dental work, pressed building board composites, and regular household glues.
The construction sector consumes a major portion of the adhesive resin that the oil industry produces, such as urea-formaldehyde, which is mostly used to assemble particle board, fibreboard, and plywood components. Over 80% of all items that need resins employ urea-formaldehyde, the industry leader in adhesive resins
Competitive Landscape of Adhesive Resin Market:
· Alchemie Ltd.
· Ashland Global
· Dow
· DuPont
· Eastman Chemical Company
· Evonik Industries
· ExxonMobil Chemical Company
· Georgia-Pacific Chemicals LLC
· Lawter Capital B.V.
· LD Davis
· Mechemco
· Mitsubishi Chemical Corporation
· National Adhesives & Polymers
· Polygon Adhesives & Resins Pvt.Ltd.
· Resinall Corp
· Resins & Plastics Limited
· SATYEN POLYMERS PVT. LTD.
· STAR SPECIALTIES POLYMERS PVT. LTD
· Yparex B.V.
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On the other hand, it is anticipated that factors including raw material price volatility and onerous and time-consuming regulatory procedures might slow down the growth of the market throughout the forecast period. Additionally, decreased stability at high temperatures, relative weakness in attaching big items with a limited bonding surface area, and increased difficulty in detaching objects during testing are the possible inhibitors to the overall growth of the adhesive resin market.
Recent Developments:
· In December 2022, Cray Valley has introduced its latest hydrocarbon resin – Wingtack 20, a viscous liquid aliphatic resin with high flash point and low color.
· In June 2021, Kolon Industries Inc., a textile and chemical materials maker, announced on Wednesday that it had applied for a patent for an eco-friendly adhesive resin developed using wood byproducts, a first in South Korea.
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In addition to the market data for the Adhesive Resin Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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