The Global Calendering Resins Market size is expected to grow at a CAGR of 4.7% over the forecast period. The growth will be driven by an increase in demand for lightweight and cost-effective materials which are required in various applications such as furniture, automotive, food & beverages, electronics & electrical, building & construction, etc.
Calendering Resins are used to make surface coatings for furniture and other products which need a hard, shiny finish. They also have many advantages such as being non-toxic and environmentally friendly. The most popular types of calendar resin include PVC, PET (Polyethylene Terephthalate), and PETG (Polyethylene terephthalate glycol). Polyvinyl chloride is not suitable for the food industry due to its potentially harmful effects on certain oils when heated. It can be found in cheaper furnishing items like furniture trim since it has lower UV stability than PET or PETG but is still strong enough that it can hold up well under daily use.
On the basis of Type, the market is segmented into PVC, PET, and PETG Calendering Resins.
PVC is a thermoplastic polymer that can be processed into rigid shapes. PETG has higher UV stability than PVC but it also costs more. In furniture, PVC is usually used for cheaper items or ones made with wood because the resin makes them waterproof and less susceptible to warping if they get wet.
PET is a thermoplastic polymer that has low weight, good clarity, and high gloss but it’s more expensive than PVC. PET can be used in furniture or any other applications where the appearance of the surface is important because it doesn't easily scratch.
PETG is a thermoplastic resin that has both the properties of polyethylene terephthalate and glycols. PETG can be processed in many ways, including injection molding, extrusion coating, or sheet lamination. It shows good stiffness to weight ratio along with a low thermal expansion coefficient which makes it an excellent material for various applications like consumer goods packaging, automotive parts, etc.
On the basis of Application, the market is segmented into Furniture And Furniture Trim, Automotive, Food & Beverages, Electronics & Electrical, Building & Construction and Others (Healthcare And Medical). The food application for resins would benefit from being able to withstand heat without losing its shape. Resin trims are typically made with extrusions with different shapes and sizes. In some cases, extruded parts are further processed through thermoforming which creates smaller quantities of finished products.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North American region is the leading market for resins with a share of more than 44% due to its presence in various applications like furniture production as well as automotive parts manufacturing. The revenue generated from these two application segments holds the highest share of 50%. This makes it an attractive destination for raw material suppliers globally. Moreover, the high growth rate of the construction industry owing to the recent economic crisis has fuelled demand across other end-use industries too which will further augment regional earnings through 2028.
The Asia Pacific region has emerged as one of the fastest-growing markets for resin manufacturing due to increasing demand across different applications such as furniture trims, building & construction, and packaging along with end-use industries such as paints & coatings. There will be a significant growth rate witnessed during 2021-2028 owing to increased investment in R&D initiatives towards advancements in polymer technology paving the way for more efficient products catering to diverse lifestyle needs at competitive prices.
Key Constraints for Calendering Resins Market:
Up Market Research published a new report titled “Calendering Resins Market research report which is segmented by Types (PVC, PET, PETG), By Applications (Furniture And Furniture Trim, Automotive, Food & Beverages, Electronics & Electrical, Building & Construction, Healthcare And Medical, Others), By Players/Companies Formosa Plastic, Eastman Chemical, SK Chemicals, Westlake Chemical, Shin-Etsu Chemical, Occidental Petroleum, SABIC, du Pont, Indorama Ventures Public, Reliance Industries, China National Chemical, Mexichem, LG, LOTTE CHEMICAL, Celanese, INOVYN CHLORVINYLS, Polyone, Covestro, Avery Dennison, KlÃ¶ckner Pentaplast”.
|Report Attributes||Report Details|
|Report Title||Calendering Resins Market Research Report|
|By Type||PVC, PET, PETG|
|By Application||Furniture And Furniture Trim, Automotive, Food & Beverages, Electronics & Electrical, Building & Construction, Healthcare And Medical, Others|
|By Companies||Formosa Plastic, Eastman Chemical, SK Chemicals, Westlake Chemical, Shin-Etsu Chemical, Occidental Petroleum, SABIC, du Pont, Indorama Ventures Public, Reliance Industries, China National Chemical, Mexichem, LG, LOTTE CHEMICAL, Celanese, INOVYN CHLORVINYLS, Polyone, Covestro, Avery Dennison, KlÃ¶ckner Pentaplast|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||215|
|Number of Tables & Figures||151|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type PVC, PET, PETG and By Application Furniture And Furniture Trim, Automotive, Food & Beverages, Electronics & Electrical, Building & Construction, Healthcare And Medical, Others.
Some of the companies that are profiled in this report are:
Calendering Resins Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Calendering Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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