The findings of this study predict that the global market for calendering resins (PET, PETG, and PVC) will surpass US$ 4,600 Mn in market value in 2017 and surpass US$ 6.7 Bn by the end of 2025, rising at a constant CAGR of 4.9%.
Calendering Resins Market Segmented By PVC, PET, PETG Product for Furniture and Furniture Trim, Automotive, Electronics and Electrical, Food and Beverages, Healthcare and Medical.
A new report by Persistence market research provides clear insights into the global calendering resins (PET, PETG, and PVC) market. This comprehensive research report is titled Calendering Resins (PET, PETG, and PVC) Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025.
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The Calendering Resins Market is expected to grow rapidly in the coming years. This market involves resins that are used in calendering processes – a process through which materials are hot-pressed into a uniform thickness and smoothness. Calendering resins are commonly used in industries such as furniture, automotive, construction, and medical device manufacturing.
The Calendering Resins Market is driven by factors such as increased demand for lightweight components across multiple industries, growth of automotive industry worldwide, and increasing environmental regulations that promote sustainable production methods. Furthermore, rising investments from both public and private sectors have enabled technological advancements in the field of calendering resins – further boosting its potential for substantial growth over the forecast period.
- Formosa Plastic Corporation
- Eastman Chemical Company
- SK Chemicals
- Westlake Chemical Corporation
- Shin-Etsu Chemical Co., Ltd.
- Occidental Petroleum Corporation
- E.I. du Pont de Nemours & Co.
- Indorama Ventures Public Company Limited
- Reliance Industries Limited
- China National Chemical Corporation
- LG Chem Ltd. and more
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Global Calendering Resins (PET, PETG and PVC) Market: Dynamics
The market for calendering resins is expanding globally due to a variety of causes. The food industry accounts for a large portion of the market for films produced utilising calendering resins. These films are regarded as one of the most cost-effective methods for food product packaging. Food goods need to have a longer shelf life, which PET, PETG, and PVC films can offer.
New guidelines on the use of PVC films in the food and beverage packaging sector are anticipated to have a negative impact on the global market for calendered resins. However, the market may continue to expand steadily due to global innovation in packaging materials and a rise in demand for flexible packaging films.
Global Calendering Resins (PET, PETG and PVC) Market: Segmental Highlights
The global calendering resins market is segmented based on product type, application and region. Here are some key highlights of the research analysis:
- The segmentation based on product type includes PET, PVC and PETG segments. Among these, the PVC segment is expected to hold the maximum share with a market value of over US$ 3,000 Mn in 2017. PET is the second largest product type with a market value of over US$ 1,400 Mn in 2017.
- By application, the market includes the segments Furniture and Furniture Trim, Automotive, Food & Beverages, Electronics & Electrical, Building & Construction, Healthcare & Medical, and Others. Among these, the food and beverages segment is expected to lead the market with maximum CAGR and a market value reaching over US$ 2,000 Mn in 2025. Healthcare and medical is the second largest segment with a market value of over US$ 1,300 Mn in 2025.
- An analysis of the various regional markets reveals that the consumption of calendering resins across the Asia Pacific is expected to register robust growth with its market size reaching over US$ 2,800 Mn in 2017. The Asia Pacific calendering resins market is expected to witness a CAGR of 5.2% during the period of forecast.
An efficient research methodology
The research methodology adopted by Persistence Market Research involves some very efficient steps that are capable of presenting the most accurate and interesting results to the readers. The foremost step is an in-depth secondary research to know the overall market size, top industry players, top products, top industry associations, etc. In this process information relevant to the market is gathered from company reports_bk_01_01_2020, company websites, white papers etc. This is followed by a detailed discussion guide based on which industry and expert interviews are conducted to acquire pertinent insights of the market. All the data generated is validated with the help of the triangulation method where primary and secondary research along with Persistence Market Research analysis contributes to the final data. This data is scrutinized using advanced tools to obtain qualitative and quantitative understandings of the global calendering resins market.
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Reasons to invest in this report
This initiative by Persistence Market Research is intended to provide an all-inclusive research publication on the global calendering resins market. It can help the readers in various ways such as:
It helps to know the market’s growth and the capabilities of various segments and regions, so that the readers can decide their focused segment and strategize accordingly.
It provides a complete competitive scenario of the market, which helps the readers to know their competitor’s strategies and plan on better competing techniques
The segmentation provided in the report simplifies the huge market, which helps in ease of understanding and in analyzing the market thoroughly
The report has been revaluated to assure the accuracy of the data provided to the readers.
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