The global Phenoxy Resins market is estimated to be valued at US$80.8 million in 2020 and is expected to exhibit a CAGR of 1.1% over the forecast period 2015 to 2031, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Phenoxy resins are high-performance thermoplastic materials that find application across various industries such as coatings, adhesives, composites, and plastics. They are widely used in coating applications due to their excellent adhesion properties, chemical resistance, and good balance between flexibility and hardness. Phenoxy resins provide enhanced durability and protection, making them ideal for applications in aerospace, automotive, electronics, and construction industries.
B) Market key trends:
One key trend in the phenoxy resins market is the increasing demand for water-based coatings. With growing environmental concerns and government regulations limiting the use of volatile organic compounds (VOCs), water-based coatings are gaining popularity. Phenoxy resins are water-compatible and can be used as binders in water-based coatings, offering improved sustainability and reduced environmental impact. For instance, Gabriel Performance Products offers waterborne epoxy resins that provide excellent corrosion resistance and adhesion for various coating applications.
C) PEST Analysis:
- Political: The political landscape plays a crucial role in the growth of the phenoxy resins market. Government regulations regarding environmental protection, health, and safety standards can influence the production and usage of phenoxy resins.
- Economic: The economic factors such as GDP growth, disposable income, and industrialization drive the demand for phenoxy resins. The growth of end-use industries such as automotive, aerospace, and electronics directly impacts the market's growth.
- Social: Changing consumer preferences towards sustainable and eco-friendly products create opportunities for phenoxy resins market players to develop innovative solutions that meet the growing societal demands.
- Technological: Technological advancements in manufacturing processes, such as the development of water-based formulations and improved application techniques, contribute to the market's growth. Additionally, ongoing research and development activities focus on enhancing the properties and performance of phenoxy resins.
D) Key Takeaways:
- The global phenoxy resins market is expected to witness high growth, exhibiting a CAGR of 1.1% over the forecast period, due to increasing demand for coating applications. Phenoxy resins offer excellent adhesion, chemical resistance, and durability, making them suitable for various industries such as aerospace, automotive, electronics, and construction.
- In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the phenoxy resins market. Rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Japan drive the demand for phenoxy resins in this region.
- Key players operating in the global phenoxy resins market include Mitsubishi Chemical, Gabriel Performance Products, LLC, DIC Corporation, Kukdo Chemical, Georgia-Pacific (GP) Chemicals, SHIN-A T&C Co., Ltd., and Nan Ya Epoxy. These companies focus on product innovation, strategic collaborations, and expanding their distribution channels to gain a competitive edge in the market.
In conclusion, the global phenoxy resins market is expected to witness steady growth driven by the increasing demand for coating applications. The market is driven by key trends such as the adoption of water-based coatings and focus on sustainability. However, government regulations and economic factors play a significant role in shaping the market's growth. The Asia Pacific region is poised to dominate the market, and key players are investing in R&D and strategic partnerships to gain a competitive advantage.
The Global Phenoxy Resins Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Phenoxy Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/18059-phenoxy-resins-market-reportThe report also covers the complete competitive landscape of the global Phenoxy Resins market with company profiles of key players such as:Brenntag Specialties, Inc.Gabriel Performance ProductsICL Performance Products LPKukdo Chemicals Co. Ltd.Mitsubishi Chemical Holdings CorporationSEGMENTATIONS IN THE REPORT:By Type:Phenoxy Resins PelletWaterborne Phenoxy ResinsSolvent-Borne Phenoxy ResinsOtherBy Applications:AdhesivesCoatingsCompositesPlasticsOtherBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Phenoxy Resins Market @ https://www.decisiondatabases.com/contact/download-sample-18059The Global Phenoxy Resins Market has been exhibited in detail in the following chapters –Chapter 1 Phenoxy Resins Market PrefaceChapter 2 Executive SummaryChapter 3 Phenoxy Resins Industry AnalysisChapter 4 Phenoxy Resins Market Value Chain AnalysisChapter 5 Phenoxy Resins Market Analysis By TypeChapter 6 Phenoxy Resins Market Analysis By ApplicationsChapter 7 Phenoxy Resins Market Analysis By GeographyChapter 8 Competitive Landscape Of Phenoxy Resins CompaniesChapter 9 Company Profiles Of Phenoxy Resins IndustryPurchase the complete Global Phenoxy Resins Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-18059Other Reports by DecisionDatabases.com:Global Polyvinyl Chloride (PVC) Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Epoxy Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Coating Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The latest trending report Global Phenoxy Resins Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Phenoxy Resins (CAS 26402-79-9) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 1.8% in the forecast period of 2020 to 2025 and will expected to reach USD 13500 million by 2025, from USD 12560 million in 2019.The Phenoxy Resins (CAS 26402-79-9) market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/16644-phenoxy-resins-market-analysis-reportMarket segmentationPhenoxy Resins (CAS 26402-79-9) market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Phenoxy Resins (CAS 26402-79-9) market has been segmented into Solventborne Phenoxy Resins, Waterborne Phenoxy Resins, Other, etc.By Application, Phenoxy Resins (CAS 26402-79-9) has been segmented into Adhesives, Coatings, Composites, Plastics, Other, etc.Regions and Countries Level AnalysisThe report offers in-depth assessment of the growth and other aspects of the Phenoxy Resins (CAS 26402-79-9) market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc.
It also throws light on the progress of key regional Phenoxy Resins (CAS 26402-79-9) markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Phenoxy Resins (CAS 26402-79-9) Market Share AnalysisPhenoxy Resins (CAS 26402-79-9) competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Phenoxy Resins (CAS 26402-79-9) sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
For the period 2015-2020, this study provides the Phenoxy Resins (CAS 26402-79-9) sales, revenue and market share for each player covered in this report.The major players covered in Phenoxy Resins (CAS 26402-79-9) are: Gabriel Performance Products, Mitsubishi Chemical, DIC, Kukdo Chemical, Hexion, ShinA T, etc.
