The global pure monomer resins market is set to enjoy a valuation of US$ 1.26 billion in 2022 and increase at a CAGR of 5.8% to reach US$ 2.22 billion by the end of 2032. Pure monomer resins are broadly used in paints that are used for markings on roads as guiding lines, zebra crossings, and also road signs. These paints are heated before they are used on the roads; to increase their adhesive properties for a long tenure, pure monomer resins are added to the formulation.
Pure monomer resins (PMR) are considered robust adhesives for bonding materials that are exposed to high temperatures. As a result, these are extensively used as adhesives in the automotive industry for bonding aluminium and plastic parts. Moreover, adhesives and sealants are widely used in the construction industry and for oil and water pipes.
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Key Players
- Eastman (Synthomer)
- TOTAL Cray Valley
- Rain Carbon Germany GmbH
- Guangzhou Xinhuayue Resin Technology Co., Ltd
- Kolon Industries
- YASUHARA CHEMICAL CO., LTD.
- Songwon
- Puyang Tiancheng Chemical Co.,Ltd
“Temperature-resistant properties of Pure Monomer Resins to Bolster Market Stance”
Due to shear adhesion failure temperature, most hot-melt adhesives have a distinctive temperature at which they lose their temper to the point of failure while prone to higher temperatures.
Pure monomer resins are used to improve the capability of an adhesive to uphold its cohesion at higher temperatures. Increased temperature resistance often keeps the structure of adhesives intact with higher SAFT points, without losing their adhesion properties.
While many adhesive applications do not require the use of pure monomer resins, these are a suitable solution for adhesives when their compatibility, temperature resistance, and application viscosity control are at critical levels.
Segmentation of Pure Monomer Resins Industry Research
- Pure Monomer Resins Market by Resin Type :
- Styrene-based Pure Monomer Resins
- Alpha-methyl Styrene-based Pure Monomer Resins
- Others
- Pure Monomer Resins Market by Application :
- Adhesive Production
- Sealant Production
- Polymer Modification
- Rubber Compounding
- Wax Formulations
- Coating Production
- Others
- Pure Monomer Resins Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Highlights
- Sales of Pure Monomer Resins Market in 2020
- Competitive Analysis of Pure Monomer Resins Market
- Demand Analysis of Pure Monomer Resins Market
- Key Trends of Supply Side Analysis of Pure Monomer Resins Market
- Outlook of Pure Monomer Resins Market
- Insights of Pure Monomer Resins Market
- Analysis of Pure Monomer Resins Market
- Survey of Pure Monomer Resins Market
Competitive Landscape
Prominent pure monomer resins manufacturers are Eastman (Synthomer), TOTAL Cray Valley, Rain Carbon Germany GmbH, Guangzhou Xinhuayue Resin Technology Co., Ltd, Kolon Industries, Yasuhara Chemical Co. Ltd, Songwon, and Puyang Tiancheng Chemical Co. Ltd.
Pure monomer resin producers should concentrate on resource and cost optimization, which will eventually cut miscellaneous expenses and upsurge their overall profitability. Prominent manufacturers of pure monomer resins should tie up with end-use industries such as automotive and food processing to drive their sales in terms of volume.
Fact.MR has provided detailed information about the price points of key manufacturers of pure monomer resins positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Trends of Pure Monomer Resins Market
- Sustainable and Green Solutions: Sustainability and environmental concerns have been driving trends across industries, including the chemical sector. Manufacturers in the pure monomer resins market were exploring more sustainable and eco-friendly options to meet consumer demands for greener products.
- Bio-based and Renewable Sources: The shift towards bio-based and renewable sources for materials was impacting the pure monomer resins market. Bio-based monomers derived from plant sources were gaining attention due to their potential to reduce the environmental footprint of the industry.
- Performance Enhancements: Innovations in pure monomer resins were focusing on improving performance characteristics. Enhanced durability, chemical resistance, and mechanical properties were being sought after by end-users in industries such as automotive, construction, and electronics.
- High Demand from Packaging Industry: The packaging industry, including food and beverage packaging, was a significant consumer of pure monomer resins. The trend towards lightweight and sustainable packaging solutions was driving the demand for resins that could provide both performance and environmental benefits.
- Customization and Specialty Resins: Tailoring pure monomer resins to specific applications and industries was gaining momentum. Specialty resins with unique properties were being developed to cater to diverse end-use requirements.