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 (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.
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
Pure Monomer Resins Market by Application :
- Adhesive Production
- Sealant Production
- Polymer Modification
- Rubber Compounding
- Wax Formulations
- Coating Production
Pure Monomer Resins Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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.