United States Film-forming Resin Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The US Film-forming Resin Market is witnessing significant growth, driven by its wide-ranging applications across various industries such as coatings, adhesives, and textiles. These resins are crucial for providing essential properties like durability, adhesion, and resistance to wear and weathering, making them highly demanded by multiple sectors. Their ability to create a thin, uniform layer over surfaces has made them indispensable in the production of high-performance coatings, adhesives, and sealants.
One of the major drivers behind the increased demand for film-forming resins is the rise in construction and automotive industries. In the construction sector, these resins are primarily used in exterior and interior coatings, providing protection against environmental factors such as moisture, UV rays, and chemicals. With the rapid growth of urbanization and infrastructure development in the US, the need for durable and effective coatings has surged. Similarly, the automotive industry heavily relies on film-forming resins for protective coatings, helping vehicles withstand harsh conditions, improve aesthetics, and extend their lifespan.
Another sector where film-forming resins are crucial is the packaging industry. With consumer goods shifting toward more sustainable options, resins are being used in eco-friendly packaging solutions. These materials offer not only protective properties but also assist in preserving the quality and safety of packaged items. The versatility of these resins extends to other industries as well, including electronics, healthcare, and textiles, where they enhance product performance and reliability.
As industries demand higher-performance products, film-forming resins must meet various regulatory and environmental standards. The increasing trend of sustainability is prompting manufacturers to innovate, developing bio-based and low-VOC (volatile organic compound) resins. These innovations are not only meeting the environmental regulations but also fulfilling the rising consumer preference for eco-friendly products.
In terms of market trends, the growth of waterborne resins is particularly noteworthy. With reduced environmental impact and improved performance, waterborne film-forming resins are gaining favor in various sectors. These resins are non-toxic, free from solvents, and provide excellent adhesion properties, making them an attractive alternative to traditional solvent-based resins. As industries continue to prioritize sustainability and cost-effectiveness, the demand for waterborne and bio-based resins is expected to rise steadily, fueling the market's expansion.
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Arkema
BASF SE
Dow Chemical Company
DSM
Eastman Chemical Company
Huntsman Corporation
Kaneka Corporation
Momentive Performance Materials
PPG Industries
Solvay
Valspar Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Film-forming Resin Market
Polyurethane Resins
Acrylic Resins
Alkyd Resins
Epoxy Resins
Vinyl Resins
Construction
Automotive
Packaging
Textile
Consumer Electronics
Healthcare
Water-based Resins
Solvent-based Resins
Powder Coatings
UV-curable Resins
Paints and Coatings
Adhesives
Sealants
Foams and Composites
Conventional Technology
Advanced Technology
Bio-based Resins
Hybrid Technology
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Film-forming Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Film-forming Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Film-forming Resin Market, By Type
6. US Film-forming Resin Market, By Application
7. US Film-forming Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Film-forming Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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