North America Specialty Resins Market Size, Share & Trends Analysis Report By Function, By Application, By Type (Epoxy, Vinyl, Polyamides, Unsaturated Polyester Resins, and Other Types), By Country and Growth Forecast, 2024

Description

List of Tables

The North America Specialty Resins Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 263.8 kilo tonnes, showcasing a growth of 26.0% (2020-2023).

The building and construction segment is a major consumer of specialty resins, driven by their durability and versatility. Specialty resins, such as epoxy and vinyl, are used in coatings, adhesives, and composite materials. These materials enhance the structural integrity of buildings, improve aesthetics, and provide resistance against environmental factors. The trend toward sustainable building practices has also spurred demand for eco-friendly resins. Therefore, in US, 225.5 kilo tonnes of Specialty Resins expected to be utilized in building and construction by the year 2031.

The US market dominated the North America Specialty Resins Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,920.7 million by 2031. The Canada market is experiencing a CAGR of 7.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7% during (2024 - 2031).

Specialty resins are advanced resin materials formulated to provide specific properties and performance characteristics tailored for specialized applications. These resins are distinct from general-purpose resins due to their enhanced functionality, durability, and often unique chemical compositions. They are widely used in various industries due to their superior properties, which include high mechanical strength, chemical resistance, thermal stability, and electrical insulating properties.

The specialty resins market has grown substantially over the past decade, driven by their extensive applications across diverse industries. Specialty resins, which include epoxy, polyurethane, phenolic, polycarbonate, and acrylic resins, among others, are integral to numerous industrial processes due to their superior properties such as high durability, thermal stability, chemical resistance, and mechanical strength. These properties make them indispensable in construction, automotive, aerospace, electronics, and more. Technological advancements, rising industrialization, and increased demand for high-performance materials underpin the market's expansion.

The automotive and electronics industries are major factors contributing to Mexico's rising demand for specialty resins. Mexico's automotive industry is one of the most important industries in the country, accounting for 3.6 percent of the country's Gross Domestic Product (GDP) and 18 percent of the manufacturing sector's GDP. The electronics industry in Mexico is also expanding rapidly. In 2023, the trade exchange (includes international purchases and sales) of Electrical, Electronic Equipment was US$223B. Specialty resins like epoxy and polycarbonate are vital in producing electronic components, printed circuit boards (PCBs), and protective coatings. The growing demand for consumer electronics, driven by technological advancements and increasing disposable incomes, further propels the demand for specialty resins in the country. Hence, all these factors will aid the market's growth throughout the forecast period.

Based on Function, the market is segmented into Protection, and Insulation & Other Functions. Based on Application, the market is segmented into Building & Construction, Water Treatment, Marine, Electrical & Electronics, Automotive, Aerospace, and Other Applications. Based on Type, the market is segmented into Epoxy, Vinyl, Polyamides, Unsaturated Polyester Resins, and Other Types. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

BASF SE
Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
Saudi Basic Industries Corporation (SABIC)
Koninklijke DSM N.V.
Arkema S.A.
Mitsubishi Chemical Holdings Corporation
The Dow Chemical Company
Huntsman Corporation
LyondellBasell Industries Holdings B.V.
Lanxess AG

North America Specialty Resins Market Report Segmentation

By Function (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Protection
Insulation & Other Functions

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Building & Construction
Water Treatment
Marine
Electrical & Electronics
Automotive
Aerospace
Other Applications

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Epoxy
Vinyl
Polyamides
Unsaturated Polyester Resins
Other Types

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Specialty Resins Market, by Function
- 1.4.2 North America Specialty Resins Market, by Application
- 1.4.3 North America Specialty Resins Market, by Type
- 1.4.4 North America Specialty Resins Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. North America Specialty Resins Market by Function

4.1 North America Protection Market by Region
4.2 North America Insulation & Other Functions Market by Region

Chapter 5. North America Specialty Resins Market by Application

5.1 North America Building & Construction Market by Country
5.2 North America Water Treatment Market by Country
5.3 North America Marine Market by Country
5.4 North America Electrical & Electronics Market by Country
5.5 North America Automotive Market by Country
5.6 North America Aerospace Market by Country
5.7 North America Other Applications Market by Country

Chapter 6. North America Specialty Resins Market by Type

6.1 North America Epoxy Market by Country
6.2 North America Vinyl Market by Country
6.3 North America Polyamides Market by Country
6.4 North America Unsaturated Polyester Resins Market by Country
6.5 North America Other Types Market by Country

Chapter 7. North America Specialty Resins Market by Country

7.1 US Specialty Resins Market
- 7.1.1 US Specialty Resins Market by Function
- 7.1.2 US Specialty Resins Market by Application
- 7.1.3 US Specialty Resins Market by Type
7.2 Canada Specialty Resins Market
- 7.2.1 Canada Specialty Resins Market by Function
- 7.2.2 Canada Specialty Resins Market by Application
- 7.2.3 Canada Specialty Resins Market by Type
7.3 Mexico Specialty Resins Market
- 7.3.1 Mexico Specialty Resins Market by Function
- 7.3.2 Mexico Specialty Resins Market by Application
- 7.3.3 Mexico Specialty Resins Market by Type
7.4 Rest of North America Specialty Resins Market
- 7.4.1 Rest of North America Specialty Resins Market by Function
- 7.4.2 Rest of North America Specialty Resins Market by Application
- 7.4.3 Rest of North America Specialty Resins Market by Type

Chapter 8. Company Profiles

8.1 BASF SE
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 SWOT Analysis
8.2 Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
8.3 SABIC (Saudi Arabian Oil Company)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 SWOT Analysis
8.4 Koninklijke DSM N.V.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 SWOT Analysis
8.5 Arkema S.A.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
8.6 Mitsubishi Chemical Holdings Corporation
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
8.7 The Dow Chemical Company
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
8.8 Huntsman Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segment and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
8.9 LyondellBasell Industries Holdings B.V.
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 SWOT Analysis
8.10. Lanxess AG
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Specialty Resins Market, 2020 - 2023, USD Million
TABLE 2 North America Specialty Resins Market, 2024 - 2031, USD Million
TABLE 3 North America Specialty Resins Market, 2020 - 2023, Kilo Tonnes
TABLE 4 North America Specialty Resins Market, 2024 - 2031, Kilo Tonnes
TABLE 5 North America Specialty Resins Market by Function, 2020 - 2023, USD Million
TABLE 6 North America Specialty Resins Market by Function, 2024 - 2031, USD Million
TABLE 7 North America Specialty Resins Market by Function, 2020 - 2023, Kilo Tonnes
TABLE 8 North America Specialty Resins Market by Function, 2024 - 2031, Kilo Tonnes
TABLE 9 North America Protection Market by Region, 2020 - 2023, USD Million
TABLE 10 North America Protection Market by Region, 2024 - 2031, USD Million
TABLE 11 North America Protection Market by Region, 2020 - 2023, Kilo Tonnes
TABLE 12 North America Protection Market by Region, 2024 - 2031, Kilo Tonnes
TABLE 13 North America Insulation & Other Functions Market by Region, 2020 - 2023, USD Million
TABLE 14 North America Insulation & Other Functions Market by Region, 2024 - 2031, USD Million
TABLE 15 North America Insulation & Other Functions Market by Region, 2020 - 2023, Kilo Tonnes
TABLE 16 North America Insulation & Other Functions Market by Region, 2024 - 2031, Kilo Tonnes
TABLE 17 North America Specialty Resins Market by Application, 2020 - 2023, USD Million
TABLE 18 North America Specialty Resins Market by Application, 2024 - 2031, USD Million
TABLE 19 North America Specialty Resins Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 20 North America Specialty Resins Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 21 North America Building & Construction Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Building & Construction Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Building & Construction Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 North America Building & Construction Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 North America Water Treatment Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Water Treatment Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Water Treatment Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 North America Water Treatment Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 North America Marine Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Marine Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Marine Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 North America Marine Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 North America Electrical & Electronics Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Electrical & Electronics Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Electrical & Electronics Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 North America Electrical & Electronics Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Automotive Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 North America Automotive Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 North America Aerospace Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Aerospace Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Aerospace Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 North America Aerospace Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 North America Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Other Applications Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 North America Other Applications Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 North America Specialty Resins Market by Type, 2020 - 2023, USD Million
TABLE 50 North America Specialty Resins Market by Type, 2024 - 2031, USD Million
TABLE 51 North America Specialty Resins Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 52 North America Specialty Resins Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 53 North America Epoxy Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Epoxy Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Epoxy Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 North America Epoxy Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 North America Vinyl Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Vinyl Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Vinyl Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 60 North America Vinyl Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 61 North America Polyamides Market by Country, 2020 - 2023, USD Million
TABLE 62 North America Polyamides Market by Country, 2024 - 2031, USD Million
TABLE 63 North America Polyamides Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 64 North America Polyamides Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 65 North America Unsaturated Polyester Resins Market by Country, 2020 - 2023, USD Million
TABLE 66 North America Unsaturated Polyester Resins Market by Country, 2024 - 2031, USD Million
TABLE 67 North America Unsaturated Polyester Resins Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 68 North America Unsaturated Polyester Resins Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 69 North America Other Types Market by Country, 2020 - 2023, USD Million
TABLE 70 North America Other Types Market by Country, 2024 - 2031, USD Million
TABLE 71 North America Other Types Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 72 North America Other Types Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 73 North America Specialty Resins Market by Country, 2020 - 2023, USD Million
TABLE 74 North America Specialty Resins Market by Country, 2024 - 2031, USD Million
TABLE 75 North America Specialty Resins Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 76 North America Specialty Resins Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 77 US Specialty Resins Market, 2020 - 2023, USD Million
TABLE 78 US Specialty Resins Market, 2024 - 2031, USD Million
TABLE 79 US Specialty Resins Market, 2020 - 2023, Kilo Tonnes
TABLE 80 US Specialty Resins Market, 2024 - 2031, Kilo Tonnes
TABLE 81 US Specialty Resins Market by Function, 2020 - 2023, USD Million
TABLE 82 US Specialty Resins Market by Function, 2024 - 2031, USD Million
TABLE 83 US Specialty Resins Market by Function, 2020 - 2023, Kilo Tonnes
TABLE 84 US Specialty Resins Market by Function, 2024 - 2031, Kilo Tonnes
TABLE 85 US Specialty Resins Market by Application, 2020 - 2023, USD Million
TABLE 86 US Specialty Resins Market by Application, 2024 - 2031, USD Million
TABLE 87 US Specialty Resins Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 US Specialty Resins Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 US Specialty Resins Market by Type, 2020 - 2023, USD Million
TABLE 90 US Specialty Resins Market by Type, 2024 - 2031, USD Million
TABLE 91 US Specialty Resins Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 92 US Specialty Resins Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 93 Canada Specialty Resins Market, 2020 - 2023, USD Million
TABLE 94 Canada Specialty Resins Market, 2024 - 2031, USD Million
TABLE 95 Canada Specialty Resins Market, 2020 - 2023, Kilo Tonnes
TABLE 96 Canada Specialty Resins Market, 2024 - 2031, Kilo Tonnes
TABLE 97 Canada Specialty Resins Market by Function, 2020 - 2023, USD Million
TABLE 98 Canada Specialty Resins Market by Function, 2024 - 2031, USD Million
TABLE 99 Canada Specialty Resins Market by Function, 2020 - 2023, Kilo Tonnes
TABLE 100 Canada Specialty Resins Market by Function, 2024 - 2031, Kilo Tonnes
TABLE 101 Canada Specialty Resins Market by Application, 2020 - 2023, USD Million
TABLE 102 Canada Specialty Resins Market by Application, 2024 - 2031, USD Million
TABLE 103 Canada Specialty Resins Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 104 Canada Specialty Resins Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 105 Canada Specialty Resins Market by Type, 2020 - 2023, USD Million
TABLE 106 Canada Specialty Resins Market by Type, 2024 - 2031, USD Million
TABLE 107 Canada Specialty Resins Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 108 Canada Specialty Resins Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 109 Mexico Specialty Resins Market, 2020 - 2023, USD Million
TABLE 110 Mexico Specialty Resins Market, 2024 - 2031, USD Million
TABLE 111 Mexico Specialty Resins Market, 2020 - 2023, Kilo Tonnes
TABLE 112 Mexico Specialty Resins Market, 2024 - 2031, Kilo Tonnes
TABLE 113 Mexico Specialty Resins Market by Function, 2020 - 2023, USD Million
TABLE 114 Mexico Specialty Resins Market by Function, 2024 - 2031, USD Million
TABLE 115 Mexico Specialty Resins Market by Function, 2020 - 2023, Kilo Tonnes
TABLE 116 Mexico Specialty Resins Market by Function, 2024 - 2031, Kilo Tonnes
TABLE 117 Mexico Specialty Resins Market by Application, 2020 - 2023, USD Million
TABLE 118 Mexico Specialty Resins Market by Application, 2024 - 2031, USD Million
TABLE 119 Mexico Specialty Resins Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 120 Mexico Specialty Resins Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 121 Mexico Specialty Resins Market by Type, 2020 - 2023, USD Million
TABLE 122 Mexico Specialty Resins Market by Type, 2024 - 2031, USD Million
TABLE 123 Mexico Specialty Resins Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 124 Mexico Specialty Resins Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 125 Rest of North America Specialty Resins Market, 2020 - 2023, USD Million
TABLE 126 Rest of North America Specialty Resins Market, 2024 - 2031, USD Million
TABLE 127 Rest of North America Specialty Resins Market, 2020 - 2023, Kilo Tonnes
TABLE 128 Rest of North America Specialty Resins Market, 2024 - 2031, Kilo Tonnes
TABLE 129 Rest of North America Specialty Resins Market by Function, 2020 - 2023, USD Million
TABLE 130 Rest of North America Specialty Resins Market by Function, 2024 - 2031, USD Million
TABLE 131 Rest of North America Specialty Resins Market by Function, 2020 - 2023, Kilo Tonnes
TABLE 132 Rest of North America Specialty Resins Market by Function, 2024 - 2031, Kilo Tonnes
TABLE 133 Rest of North America Specialty Resins Market by Application, 2020 - 2023, USD Million
TABLE 134 Rest of North America Specialty Resins Market by Application, 2024 - 2031, USD Million
TABLE 135 Rest of North America Specialty Resins Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 136 Rest of North America Specialty Resins Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 137 Rest of North America Specialty Resins Market by Type, 2020 - 2023, USD Million
TABLE 138 Rest of North America Specialty Resins Market by Type, 2024 - 2031, USD Million
TABLE 139 Rest of North America Specialty Resins Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 140 Rest of North America Specialty Resins Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 141 Key Information - BASF SE
TABLE 142 Key Information - HEXION Inc.
TABLE 143 Key Information - SABIC
TABLE 144 Key Information - Koninklijke DSM N.V.
TABLE 145 Key information - Arkema S.A.
TABLE 146 Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 147 Key Information - The Dow Chemical Company
TABLE 148 key Information - Huntsman Corporation
TABLE 149 Key Information - LyondellBasell Industries Holdings B.V.
TABLE 150 Key Information - Lanxess AG

North America Specialty Resins Market Size, Share & Trends Analysis Report By Function, By Application, By Type (Epoxy, Vinyl, Polyamides, Unsaturated Polyester Resins, and Other Types), By Country and Growth Forecast, 2024 - 2031