Pure Monomer Resins Market

Pure Monomer Resins Market Outlook (2022-2032)

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.

Report Attributes	Details
Pure Monomer Resins Market Size (2021A)	US$ 1.21 Billion
Estimated Market Value (2022E)	US$ 1.26 Billion
Forecasted Market Value (2032F)	US$ 2.22 Billion
Global Market Growth Rate (2022-2032)	5.8% CAGR
North America Market Share (2021)	~25.1%
North America Market Growth Rate (2022-2032)	~6.7% CAGR
U.S. Market Growth Rate (2022-2032)	~6.9% CAGR
Market Share of Top 5 Companies	~42.4%
Key Companies Profiled	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

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.

Sales Analysis of Pure Monomer Resins (2017-2021) Vs. Market Forecasts (2022-2032)

Along with the growing application of pure monomer resins across several end-use industrial sectors, the technology is also evolving by itself. Rising market opportunity has created an interest among manufacturers to increase cash flow in the research and development of pure monomer resins to increase their downstream usability in adhesives, sealants, and polymer modification, to name a few. Recent R&D has led to solutions of pure monomer resins as thermal-resistant sealants and nonwoven applications.

Pure monomer resin materials are compatible with multiple base polymers and provide low colour properties, enriched thermal stability, and robust resistance to weathering. In addition, their certifiable composition allows them to be compliant with food and drug administration direct food contact regulations.

• Short Term (2022 Q2 to 2025): Market leaders to focus on production facility expansion to fulfil supply chain gaps in various countries.
• Medium Term (2025-2028): North America and Europe anticipated to witness high pure monomer resin demand due to growing automotive and food processing industries.
• Long Term (2028-2032): Prominent manufacturers to concentrate on formation of new ecosystem to create innovative products and technology enhancement for refining high purity monomer resins.

Over the 2017-2021 historical period, the global pure monomer resins market registered a CAGR of 3.5%. As per Fact.MR, a market research and competitive intelligence provider, worldwide sales of pure monomer resins are projected to increase at 5.8% CAGR between 2022 and 2032.

Market share analysis of pure monomer resins based on resin type and region is provided in a nutshell in the above image. Under the resin type segment, styrene-based dominates with 59.4% market share in 2022.

Why are We Seeing Steady Increase in Demand for Pure Monomer Resins?

“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.

“Escalating Demand from Multifarious End-use Industries”

The global PMR market has witnessed penetrable growth over time. Continual development and growth in the pure monomer resins (PMR) market are being witnessed due to the sturdy growth of several end-use industries such as automotive, oil & gas, and food processing.

The pure monomer resins market is driven majorly by demand for adhesive production, sealant production, wax formulations, polymer and rubber compounding, marking paints, and various other related markets.

Additionally, development in the market of paints used in road makings will also add up to reinforce the demand for several related raw materials, with pure monomer resins being one of them.

End users extensively use pure monomer resins due to their compatible properties with a wide range of polymers - for instance, polyethene, ethylene-vinyl acetate (EVA) copolymers, styrene isoprene styrene (SIS), styrene-butadiene-styrene (SEBS), amorphous polyolefin (APO), styrene-butadiene rubber (SBR), and polychloroprene based adhesives, as well as acrylics, aromatic isocyanates, and polyester-based adhesives.

Country-Wise Analysis

How is the U.S. Market for Pure Monomer Resins Progressing?

U.S. domestic players are concentrating more on supply chain gaps in the country by entering into strategic partnerships and joint ventures with third-party distributors as well as small-scale enterprises that are dealing with the automotive and food processing sectors.

Prominent manufacturers in the United States are also aiming at lowering their production costs by introducing innovative production technology to gain maximum revenue from sales.

The automotive industry has shown tremendous growth over the past decade due to low-interest rates, high disposable income, and government stimulus payments that have boosted demand, which, in turn, has surged the sales of pure monomer resins in the United States.

Rapid adoption of pure monomer resins in several industries has opened the market for new players to join the league of production. Due to fewer producers in the market, new entrants use high price points to increase their profit margin.

The U.S. pure monomer resins market is anticipated to surge ahead at a CAGR of 6.9% to reach US$ 482.4 million by 2032.

Why is Germany a Lucrative Market for Pure Monomer Resin Suppliers?

Several German players are approaching untapped regions by merging with local players, and such ventures are supporting manufacturers in pacing up their regional expansion.

Production capacity expansion is key to success in meeting the amplified demand expected over the coming years. German manufacturers can secure a significant market position by competing against the production capacity of global key players.

Prominent players need to focus on strategic partnerships with regional distributors and fine-tune their operational networks to reduce marginal losses and ensure higher profitability.

Pure monomer resin companies are focusing more on sustainable production methods to increase the efficiency of their facilities and invest more in the acquisition of well-established raw material suppliers to cut procurement costs.

The Germany pure monomer resins market is predicted to expand at a high CAGR of 7.1% and reach a market valuation of US$ 115.3 million by 2032.

Category-Wise Analysis

Which Form of Pure Monomer Resin is Most Widely Utilized?

Styrene is prominently used for the production of plastics, paints & coating, synthetic rubber compounding, and styrene-alkyd coatings. Styrene is essential in the creation of various consumer and industrial products that are used daily. Consumers prefer styrene-based products rather than alpha-methyl styrene-based products due to the cost differentiation and level of purity.

As such, styrene-based pure monomer resins are anticipated to remain the prime growth generator in the market during the forecast period. Demand for styrene-based pure monomer resins is anticipated to surge at a CAGR of 6.3% to reach a market value of US$ 1.39 billion by 2032.

Which Pure Monomer Resin Application is the Most Attractive for Industry Players?

In recent years, there has been an increase in the use of lightweight assembly materials in the automotive and energy sectors, which require adhesive bonding rather than mechanical fastening.

Manufacturers extensively use insulation panels as well as insulated windows to improve building energy efficiency. For the construction of these products, adhesives and sealants are required, which, in turn, drive the demand for pure monomer resins.

The adhesives sub-segment of pure monomer resins is expected to create an absolute dollar opportunity of US$ 209.2 million by the end of the assessment period. Furthermore, demand for rubber compounding and sealant production is also gaining traction due to the growing automotive and food processing sectors, which, in turn, is augmenting the demand for pure monomer resin products.

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.

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