Global Casting Resin Market 2019-2023
- Published: Dec 2018
- Pages: 113
- SKU: IRTNTR30525
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The global casting resin market size will grow by USD 1.86 billion during 2019-2023. This report offers an analysis of the market based on type (polyurethane, epoxy, and unsaturated polyester) and geography (the Americas, APAC, and EMEA). The casting resin market research report analyzes the market’s competitive landscape and offers information on several companies including Covestro, Hexion, Huntsman International, Polytek Development, and Resoltech.
Below are some of the key findings from the casting resin market research report
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Global casting resin industry overview
One of the key factors contributing to the growth of the global casting resin market is the increased application of casting resins in electronics. In 2018, the rapid growth of the global electronics industry aided the growth of the global casting resin market. The electronics industry witnessed a high growth not just in developed markets such as the US and Western Europe, but also in emerging economies in APAC. Various casting resins find applications for potting and encapsulation in the electronics and electrical industries. Epoxy resins are used for providing adhesion for a range of electronic and electrical substrates, owing to their excellent mechanical and chemical properties. In addition, polyurethane resins are preferred for circuits with fragile components such as ferrites and glass reed switches due to their elastomeric nature. As a result, the increased adoption of casting resins in electronics is expected to boost the global casting resin market to register a CAGR of over 6% during the forecast period.
The increasing adoption of casting resins in production of medical devices is one of the major trends being witnessed in the global casting resin market. Casting resins such as epoxy resins and polyurethanes are preferred for the manufacturing of medical device displays, trailing aids, and prototypes, owing to their excellent mechanical properties and ease of design. The increase in preference for resin casting over injection molding among medical device suppliers can be attributed to the complexities and detailed requirements of medical device displays, especially for dentistry and orthopedic uses.
Top casting resin companies covered in this market research report
The casting resin market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this casting resin industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Huntsman International
- Polytek Development
Casting resin market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. The APAC region led the market in 2018 with a market share of over 42%. This region is expected to dominate the market through 2023.
Casting resin market segmentation based on type
- Unsaturated Polyester
The polyurethane segment will account for the highest growth in the market. The polyurethane segment held the largest market share in 2018, accounting for nearly 68% of the market. Additionally, the report also provides an accurate prediction of the contribution of the various type segments to the growth of the casting resin market size.
Key highlights of the global casting resin market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the casting resin market during the next five years
- Precise estimation of the global casting resin market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the casting resin industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of casting resin companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Polyurethane - Market size and forecast 2018-2023
- Epoxy - Market size and forecast 2018-2023
- Unsaturated polyester - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Rising adoption of epoxy resins for marine applications
- Growing application of casting resins for renewable energy infrastructure
- Increasing adoption of casting resins in medical device production
PART 11: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Huntsman International
- Polytek Development
PART 13: APPENDIX
- Research methodology
- List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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