Global Casting Resin Market
Global Casting Resin was valued at US$ 11.59 Billion in 2021, estimated to reach US$ 17.10 Billion in 2027, with a CAGR 5.35% from 2022-2027.
A method of plastic casting where a mold is filled with a liquid synthetic resin, which then hardens is called Casting Resin, also called as “deep-pour resin”.
Market Drivers
The rise in the construction of buildings is the key driving factor for the growth of the Casting Resin Market as it is used in building design, façade panels, tiles, working surfaces.
The electronic industry growth is another important driving factor for the market as resins are used for encapsulation in the electronics industry and for circuits with fragile components.
The growing adoption of casting resins in production of medical devices is also one of the major driving factors for the market growth.
Market Restraints
The Injection molding process is a restraining factor for Global Casting Resins Market growth as this is a substitute for casting resins.
Market Segmentation
Casting Resin Market is segmented into major 4 categories. Based on Type, the market is divided into polyurethanes, Epoxy, Unsaturated Polyester, Silicon Resin. Based on Application, the market is segmented into Construction, Automotive, Electronic. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
North America is anticipated to hold the largest market share in the market during the forecast period as it is the leading producer of toys & Casting resins are mostly used in the production of toys.
Asia Pacific is expected to hold the second largest market share in the market during the forecast period owing to the presence of several toys manufacturer companies in the region.
Market Key Players
Some of the key players operating in Global Casting Resin Market are ASK Chemicals, HA-International, Suzhou Xingye, Jinan Shengquan, Furtenback, Vesuvius, Euskatfund, IVP, F.lli Mazzon, Asahi Yukizai.
Industry development
In October 2021 ASK Chemicals Group has completed the acquisition of the industrial resins business from SI Group (New York, USA). With this transaction, ASK Chemicals Group, headquartered in Hilden near Düsseldorf (Germany), is strengthening its position as a global supplier of high-performance industrial resins.
In January 2022 Leading life sciences reagents and custom synthesis and manufacturing services company, Biosynth Carbosynth, and Jinan Shengquan Group Share-Holding Co, Ltd have announced their acquisition of Kexing Biopharmaceutical Co, Ltd’s raw material factory in Jinan, China. With this acquisition, Biosynth Carbosynth’s and Shengquan’s joint venture Carbotang expands the production capacities significantly.
Global Casting Resin Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Casting Resin Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Casting Resin Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Casting Resin Market Share Analysis, By Type
5.3 Global Casting Resin Market Size and Forecast, By Type
5.3.1 polyurethanes
5.3.2 Epoxy
5.3.3 Unsaturated Polyester
5.3.4 Silicon Resin
6 Global Casting Resin Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Casting Resin Market Share Analysis, By Application
6.3 Global Casting Resin Market Size and Forecast, By Application
6.3.1 Construction
6.3.2 Automotive
6.3.3 Electronic
7 Global Casting Resin Market, By Region
7.1 Global Casting Resin Market Share Analysis, By Region
7.2 Global Casting Resin Market Share Analysis, By Region
7.3 Global Casting Resin Market Size and Forecast, By Region
8 North America Global Casting Resin Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Global Casting Resin Market Share Analysis, By Type
8.3 North America Global Casting Resin Market Size and Forecast, By Application
8.4 North America Global Casting Resin Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global Casting Resin Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Global Casting Resin Market Share Analysis, By Type
9.3 Europe Global Casting Resin Market Size and Forecast, By Application
9.4 Europe Global Casting Resin Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Global Casting Resin Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Global Casting Resin Market Share Analysis, By Type
10.3 Asia Pacific Global Casting Resin Market Size and Forecast, By Application
10.4 Asia Pacific Global Casting Resin Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Global Casting Resin Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Global Casting Resin Market Share Analysis, By Type
11.3 Latin America Global Casting Resin Market Size and Forecast, By Application
11.4 Latin America Global Casting Resin Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Global Casting Resin Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Global Casting Resin Market Share Analysis, By Type
12.3 Middle East Global Casting Resin Market Size and Forecast, By Application
12.4 Middle East Global Casting Resin Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 ASK Chemicals
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 HA-International
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Suzhou Xingye
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Jinan Shengquan
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Furtenback
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Vesuvius
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Euskatfund
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 IVP
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 F.lli Mazzon
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Asahi Yukizai
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
