Global Ketone Resin Market Size Study, by Type (Carbon Chain Polymer, Hetero Chain Polymer, Element Organic Polymer), by Application (Coating and Paints, Printing Ink, Adhesive) and Regional Forecasts 2022-2032

Description

Global Ketone Resin Market is valued at approximately USD 64.15 Million in 2023 and is anticipated to grow at a healthy compound annual growth rate (CAGR) of 3.4% during the forecast period from 2024 to 2032. The ketone-aldehyde resins, also known as ketonic or polyketone resins, are versatile chemical compounds derived from the condensation of cyclohexanone and formaldehyde. They are primarily used in various industrial applications, such as coatings, varnishes, and printing inks, owing to their capacity to enhance drying speed, toughness, gloss, and film build. Ketone resins also exhibit excellent adhesion to diverse surfaces, ensuring protection against corrosion, making them a preferred material in applications requiring high durability.

The increasing demand for co-binders in coatings and paints is driven by the need for enhanced performance and sustainability in various applications, such as automotive, construction, and industrial sectors. Co-binders, which work alongside primary binders, improve the mechanical properties, durability, and adhesion of coatings, making them essential for high-performance finishes. Moreover, the growth in construction activities in emerging markets, increasing technological advancements in resin formulation, as well as expanding demand for water-resistant and corrosion-proof coatings present various lucrative opportunities over the forecast years. However, the high maintenance costs, as well as environmental and storage challenges are stimulating the market growth throughout the forecast period of 2024-2032.

The key regions considered for the Global Ketone Resin Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a dominating region in the Global Ketone Resin Market in terms of revenue. The market growth in the region is being attributed to factors including the region's robust growth in industries such as automotive, construction, and packaging, which are significant consumers of ketone resins. This dominance is supported by the region's expanding manufacturing base, rising urbanization, and increased infrastructure development. Whereas, the market in North America is anticipated to grow at the fastest rate over the forecast period fueled by advancements in technology, increasing demand for high-performance materials, and the growing adoption of ketone resins in various applications, particularly in the automotive and electronics sectors.

Major market players included in this report are:

Evonik (Germany)
Micro Inks (U.S.)
BASF (Germany)
Lawter (Chicago)
Uniform Synthetics (India)
D.R.Coats Ink and Resins (India)
Shree Mahadev Intermediates (India)
Macro Polymers (India)
CLEF Industrial (U.S.)
Intech Synthetic Materials (Japan)
Keyuan Innovative Materials (China)
Dongrun Chemical (China)
Changsha Creature Industry (China)
Jinan Tongfa Resin (China)
HZ New Chemical Material (China)

The detailed segments and sub-segments of the market are explained below:

By Type:

Carbon Chain Polymer
Hetero Chain Polymer
Element Organic Polymer

By Application:

Coating and Paints
Printing Ink
Adhesive

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Ketone Resin Market Executive Summary

1.1. Global Ketone Resin Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ketone Resin Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ketone Resin Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing demand for co-binders in coatings and paints
- 3.1.2. Expanding application of ketone resins in industrial adhesives
- 3.1.3. Rise in residential and industrial applications
3.2. Market Challenges
- 3.2.1. High maintenance costs
- 3.2.2. Environmental and storage challenges
3.3. Market Opportunities
- 3.3.1. Growth in construction activities in emerging markets
- 3.3.2. Increasing technological advancements in resin formulation
- 3.3.3. Expanding demand for water-resistant and corrosion-proof coatings

Chapter 4. Global Ketone Resin Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunities
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ketone Resin Market Size & Forecasts by Type (2022-2032)

5.1. Segment Dashboard
5.2. Global Ketone Resin Market: Type Revenue Trend Analysis (2022 & 2032)
- 5.2.1. Carbon Chain Polymer
- 5.2.2. Hetero Chain Polymer
- 5.2.3. Element Organic Polymer

Chapter 6. Global Ketone Resin Market Size & Forecasts by Application (2022-2032)

6.1. Segment Dashboard
6.2. Global Ketone Resin Market: Application Revenue Trend Analysis (2022 & 2032)
- 6.2.1. Coating and Paints
- 6.2.2. Printing Ink
- 6.2.3. Adhesive

Chapter 7. Global Ketone Resin Market Size & Forecasts by Region (2022-2032)

7.1. North America Ketone Resin Market
- 7.1.1. U.S. Ketone Resin Market
  - 7.1.1.1. Type breakdown size & forecasts (2022-2032)
  - 7.1.1.2. Application breakdown size & forecasts (2022-2032)
- 7.1.2. Canada Ketone Resin Market
7.2. Europe Ketone Resin Market
- 7.2.1. UK Ketone Resin Market
- 7.2.2. Germany Ketone Resin Market
- 7.2.3. France Ketone Resin Market
- 7.2.4. Spain Ketone Resin Market
- 7.2.5. Italy Ketone Resin Market
- 7.2.6. Rest of Europe Ketone Resin Market
7.3. Asia Pacific Ketone Resin Market
- 7.3.1. China Ketone Resin Market
- 7.3.2. India Ketone Resin Market
- 7.3.3. Japan Ketone Resin Market
- 7.3.4. Australia Ketone Resin Market
- 7.3.5. South Korea Ketone Resin Market
- 7.3.6. Rest of Asia Pacific Ketone Resin Market
7.4. Latin America Ketone Resin Market
- 7.4.1. Brazil Ketone Resin Market
- 7.4.2. Mexico Ketone Resin Market
- 7.4.3. Rest of Latin America Ketone Resin Market
7.5. Middle East & Africa Ketone Resin Market
- 7.5.1. Saudi Arabia Ketone Resin Market
- 7.5.2. South Africa Ketone Resin Market
- 7.5.3. Rest of Middle East & Africa Ketone Resin Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Evonik
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 8.3.2. Micro Inks (U.S.)
- 8.3.3. BASF (Germany)
- 8.3.4. Lawter (Chicago)
- 8.3.5. Uniform Synthetics (India)
- 8.3.6. D.R.Coats Ink and Resins (India)
- 8.3.7. Shree Mahadev Intermediates (India)
- 8.3.8. Macro Polymers (India)
- 8.3.9. CLEF Industrial (U.S.)
- 8.3.10. Intech Synthetic Materials (Japan)
- 8.3.11. Keyuan Innovative Materials (China)
- 8.3.12. Dongrun Chemical (China)
- 8.3.13. Changsha Creature Industry (China)
- 8.3.14. Jinan Tongfa Resin (China)
- 8.3.15. HZ New Chemical Material (China)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes