The pure monomer resins market will be valued at US$ 1.26 billion globally in 2022 and will grow at a CAGR of 5.8% to US$ 2.22 billion by the end of 2032. For bonding materials that are exposed to high temperatures, pure monomer resins (PMR) are regarded as reliable adhesives. These are therefore often utilised in the automobile industry as adhesives to connect aluminium and plastic parts. Additionally, adhesives and sealants are frequently utilised in the building sector as well as for water and oil pipes.
Increasing production and consumption of light vehicles, rising number of electric vehicles, and transition from mature to emerging markets in the long-term forecast are set to drive the consumption of sealants for gearboxes and engines, which will bolster the market for pure monomer resins.
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Market Titans
- Eastman (Synthomer)
- TOTAL Cray Valley
- Rain Carbon Germany GmbH
- Guangzhou Xinhuayue Resin Technology Co., Ltd
- Kolon Industries
- YASUHARA CHEMICAL CO., LTD.
- Songwon
- Puyang Tiancheng Chemical Co.,Ltd
Market Study
- By resin type, styrene-based pure monomer resins are expected to projected to provide an absolute $ opportunity of US$ 639.8 million over the forecast period (2022-2032).
- Alpha-methyl styrene-based pure monomer resins, on the other hand, are anticipated to account for 37.6% market share by 2032 while increasing at a CAGR of 5.6%.
- By application, usage in adhesive production is anticipated to reach US$ 530.9 million by 2032.
- North America is projected to capture around 28% of the global pure monomer resins market share by 2032.
- Europe is expected to provide an absolute dollar opportunity of US$ 243.6 million by 2032.
Short Term (2022 Q2 to 2025): Industry leaders will concentrate on expanding their production facilities to close supply chain gaps in various nations.
Due to the expanding automotive and food processing industries, North America and Europe are expected to have significant demand for pure monomer resin in the medium term (2025–2028).
Long Term (2028-2032): Prominent firms will focus on building a new ecosystem to develop cutting-edge products and advancing technologies for refining high purity monomer resins.
Industry Survey
- by Resin Type :
- Styrene-based Pure Monomer Resins
- Alpha-methyl Styrene-based Pure Monomer Resins
- Others
- by Application :
- Adhesive Production
- Sealant Production
- Polymer Modification
- Rubber Compounding
- Wax Formulations
- Coating Production
- Others
- by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Highlights
- Sales of Pure Monomer Resins Market in 2020
- Competitive Analysis of Pure Monomer Resins Market
- Demand Analysis of Pure Monomer Resins Market
- Key Trends of Supply Side Analysis of Pure Monomer Resins Market
- Outlook of Pure Monomer Resins Market
- Insights of Pure Monomer Resins Market
- Analysis of Pure Monomer Resins Market
- Survey of Pure Monomer Resins Market
Size of Pure Monomer Resins Market
A short viewpoint offered in the report elucidates the macro-economic aspects that influence the growth drivers of Pure Monomer Resins Market which includes global GDP of Pure Monomer Resins Market growth rate, various industries growth rate, such as cosmetics, pharmaceuticals, food and others.
This newly published and insightful report compounds sheds light on key dynamics, Key Trends of Pure Monomer Resins Market and their impact on the overall value chain from Pure Monomer Resins Market to end-users, which are expected to transform the future of the Pure Monomer Resins Market sales.
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