Pure Monomer Resin Market

Pure Monomer Resin Market Outlook (2024 to 2034)

The global pure monomer resin market size is forecasted to expand at a CAGR of 6% and increase from a valuation of US$ 722.3 million in 2024 to US$ 1.29 billion by the end of 2034.

Pure monomer resins are chemical compounds with polymerization capabilities that are employed in a variety of industries, especially in polymerization processes. These resins are composed of a single kind of monomer molecule, which makes them highly reactive and capable of forming long molecular chains. This leads to the development of robust, long-lasting, and adaptable materials.

These chemical resins are utilized in a variety of applications, including paints & coatings, adhesives, plastics, and textiles. They are also recognized for desired properties like as adhesion, flexibility, chemical resistance, and mechanical strength.

• The adhesive and sealant industry is a significant user of pure monomer resins, and this segment is forecasted to expand at a CAGR of 5.7% to reach US$ 12.8 billion by the end of 2034.

Pure monomer resin applications include serving as the primary binder in sealants due to its distinctive copolymerization properties. These properties make them compatible with a broad spectrum of polymers, including polyethylene, ethylene-vinyl acetate (EVA) copolymers, styrene isoprene styrene (SIS), styrene-butadiene-styrene (SEBS), amorphous polyolefin (APO), styrene-butadiene rubber (SBR), and polychloroprene-based adhesives. Additionally, they are compatible with acrylics, aromatic isocyanates, and polyester-based adhesives.

Crucial role of pure monomer resins in the formulation of adhesives and sealants is influencing market growth and driving resin manufacturing. Due to factors such as increasing construction activities and automotive production and with the expansion of the packaging industry generating demand for adhesives and sealants, there will be steady pure monomer resin market growth over the next ten years.

Report Attributes	Details
Pure Monomer Resin Market Size (2023A)	US$ 644.3 Million
Estimated Market Value (2024E)	US$ 722.3 Million
Forecasted Market Value (2034F)	US$ 1.29 Billion
Global Market Growth Rate (2024 to 2034)	6%
North America Market Share (2024E)	28.8%
East Asia Market Share (2024E)	17%
Key Companies Profiled	Synthomer PLC Kolon Industries Rain Industries (Rain Carbon Germany GmbH) Kraton Corporation Cray Valley (TotalEnergies) VNK AS Yasuhara Chemical Neville Chemical Company Puyang Tiancheng Chemical

Consumption Analysis of Pure Monomer Resins (2019 to 2023) vs. Market Projections (2024 to 2034)

From 2019 to 2023, there was a surge in demand for pure monomer resins. Phenolics derived from pure monomer resins played a key role in the development of durable printing inks for vibrant publications and robust adhesives used in bookbinding and woodworking. The invention of formaldehyde-based resins, such as urea-formaldehyde and melamine-formaldehyde, revolutionized wood adhesives and particleboard production, facilitating efficient furniture and housing construction.

In the coating industry, epoxy resins have emerged as high-performance coatings for marine vessels, aircraft, and industrial floors, offering superior adhesion, water resistance, and chemical resilience. Pure monomer resins are used as a pre-requisite material for the synthesis of many end-use products such as plastics and polymers, packaging, containers, pipes, toys, household items, and automotive parts. Technological advancements in the automotive and construction sectors across the globe are boosting the production of pure monomer resins.

• Short Term (2024 to 2027): In the short term, growing environmental concerns and regulations are projected to drive the adoption of sustainable and bio-based alternatives to traditional petroleum-derived resins. This shift is creating significant growth opportunities for bio-based pure monomer resins that are derived from renewable resources.
  • Arkema has taken a significant step toward developing diverse bio-attributed acrylic monomers, which has positioned the company as a global leader in the offer of bio-attributed acrylic materials.
  • Avantium and BASF have established strategic partnerships with other companies to develop and commercialize bio-based polymers derived from polyethylene furanoate (PEF).
• Medium Term (2027 to 2030): In the medium term, the need for miniaturized fluid handling systems in diagnostics, drug discovery, and bioresearch is projected to fuel the demand for biocompatible and tunable resins like hydrogels. As research and development progress in this area, the enhancement of streamlined processes for raw material synthesis is forecasted to begin, resulting in low-cost and high-purity production of pure monomer resins.
• Long Term (2030 to 2034): Infrastructure development for 3D printing technology has opened up new possibilities for multiple industries, ranging from aerospace to healthcare. By incorporating a higher percentage of pure monomer resin as an additive, specific properties like strength, flexibility, thermal resistance, and biocompatibility can be achieved.

Due to the comparable price difference between 3D printing technology and traditional building methods, people are choosing the latter for construction. Furthermore, research and development are still in progress, and in the next 6 to 10 years, significant progress in the adoption of 3D printing technology is forecasted. The growth of this industry is projected to be driven by the cost-effectiveness, timely, and long-lasting construction of buildings achieved through 3D printing technology.

From 2019 to 2023, the market for pure monomer resins expanded at a CAGR of 4.2%, according to Fact.MR, a market research and competitive intelligence provider. As per the latest pure monomer resin market trends, revenue from product sales is projected expand further at 6% CAGR from 2024 to 2034.

Why are Sales of Pure Monomer Resins on an Upward Trajectory?

“Growing Demand for High-Performance Bonding and Sealing Solutions”

Adhesives and sealants are vital components used in various sectors like automotive, construction, packaging, and electronics. These sectors rely on high-performance bonding and sealing solutions to enhance product durability, improve manufacturing processes, and meet stringent quality standards.

Versatility of pure monomer resins allows manufacturers to customize the properties of adhesives and sealants according to specific application requirements. Whether it is achieving superior adhesion, flexibility, chemical resistance, or thermal stability, pure monomer resins offer a wide range of options for formulators to develop high-performance adhesives and sealants.

• The adhesives market is projected to expand at a CAGR of 5.1% and reach a valuation of US$ 107.8 billion by the end of 2034, creating an absolute opportunity of US$ 45.4 billion from 2024 to 2034.

Pure monomer resins play a vital role in adhesive production, serving as key components in the formulation of adhesives and providing the necessary adhesive properties and performance characteristics. Pure monomer resins are the primary matrix material in adhesives, providing a structural backbone and contributing to the overall strength and durability of adhesives.

“Crucial Role of Pure Monomer Resins in Formulating Encapsulated Drugs”

The healthcare industry in the United States is projected to expand at a CAGR of 6.7% to reach US$ 789 billion by the end of 2027, driven by product advancements, increased reimbursement levels, and changes in care models. Pure monomer resins are crucial in the healthcare sector as they help in formulating encapsulated drugs and releasing them at a controlled rate over a specific time, which enhances treatment efficacy and reduces side effects. They also aid in developing biocompatible resins that are used in implants like stents and artificial joints, providing durability and integration with human tissue.

In healthcare, pure monomer resins are ideal for targeted drug delivery. Customized resins can be designed to target specific cells or tissues in the body, minimizing off-target effects and enhancing therapeutic potential. However, advancements in pure monomer resin production technology, regulatory compliance, and need for addressing public concerns are critical to the growth of the market. Advancements in healthcare technologies influence the expansion of the market.

What are the Hindrances to the Demand Growth for Pure Monomer Resins?

“Concerns about Non-Biodegradability of Traditional Pure Monomer Resins”

During the manufacturing of pure monomer resins, a significant amount of volatile organic compounds and waste is generated in both solid and liquid forms. This poses several challenges for environmentally sustainable disposal. Additionally, the synthesis process contributes significantly to greenhouse gas emissions. These environmental effects could affect the ability of companies to operate at full capacity as they need to adhere to environmental regulations.

Non-biodegradability of traditional pure monomer resins raises concerns about landfill accumulation and microplastic pollution. Reclaiming the resin in its monomeric form through recycling is challenging due to its intricate composition and cross-linked structure. This complexity hampers resource recovery and contributes to a linear economic model.

• According to a 2020 report by the International Energy Agency, the global chemical industry accounts for approximately 8% of global industrial energy use. Moreover, a 2019 report by the World Bank estimated that the global waste generation from the chemical industry is around 150 million tonnes per year.

Country-wise Insights

Why is the United States a Key Market for Pure Monomer Resin Producers?

“Favorable Regulations Fostering Innovation and R&D Investments in Chemical Industry”

The United States pure monomer resin market size is calculated at US$ 149.4 million for 2024 and is projected to expand at a CAGR of 5.4% through 2034.

A wide range of industries in the United States relies on pure monomer resins. Furthermore, the country’s regulatory environment promotes innovation and development in the chemical industry, with an emphasis on economic growth and competition. This has resulted in increasing investment in this space, opening up opportunities for current and developing market participants.

Growing environmental consciousness in the United States is driving demand for sustainable and bio-based alternatives to traditional resins, creating considerable potential for makers of bio-based pure monomer resins. This trend is projected to continue, with an increased emphasis on sustainability across all businesses.

Fluctuating raw material prices, tight environmental requirements, and competition from outside markets are hurdles to market growth. Nonetheless, with continuing investments in R&D, novel solutions to these issues can be developed, resulting in long-term growth and profitability.

What’s Drawing Producers of Pure Monomer Resins to China?

“High Demand for Lightweight Composites and Adhesives for Use in Electric Cars”

Value consumption of pure monomer resins in China is projected to reach US$ 71.7 million is 2024, which would be 58.3% of the East Asia pure monomer resin market share.

China's construction sector is a major user of pure monomer resins, driven by rapid infrastructural expansion and urbanization. The automotive and electronics sectors are also important growth drivers, with demand for lightweight composites and adhesives for electric cars and encapsulants, coatings, and films for electronic devices and components, respectively.

The government is beginning to impose stronger environmental restrictions, compelling producers to adopt cleaner manufacturing methods and invest in pollution control technology. China's multi-pronged approach has positioned it as a prominent participant in the global market.

Category-wise Insights

Why are Styrene-based Pure Monomer Resins Widely Preferred?

“Low Cost and Superior Chemical Resistance of Styrene-based Pure Monomer Resins”

Styrene-based resins are well known for their low cost, strength, excellent chemical resistance, adhesion, transparency, and adaptability. These qualities make them ideal for a variety of demanding applications, including coatings, adhesives, and composites. They are also suitable for protective coatings and industrial applications since they are resistant to a variety of chemicals and solvents.

Ability of styrene-based resins to stick effectively to a variety of substrates makes them useful for bonding applications in the construction, automotive, and other sectors. Certain formulations have excellent transparency, making them ideal for transparent coatings and optical applications. Styrene-based resins are versatile and can be customized by adding different functional groups or cross-linking agents, allowing them to be tailored to specific application needs.

Why are Pure Monomer Resins Extensively Used in Adhesive Production?

“High Strength and Flexibility of Pure Monomer Resins Enabling Bonding of Lightweight Materials”

The automotive sector is constantly in need of new and advanced adhesive formulations for applications such as bonding body panels, engine parts, and tires. Lightweight materials such as aluminum and carbon fiber are becoming more popular. However, bonding these materials with traditional adhesives is challenging.

Because of their high strength and flexibility, pure monomer resins are well-suited for bonding lightweight materials. Many well-known car brands such as the Ford Mustang, Toyota Camry, and Honda Accord use pure monomer resins in their body panels, engine parts, and suspension components.

Extensive research and development are being conducted in the adhesive formulation industry to explore applications of pure monomer resins in construction. These adhesives are usually applied for bonding drywall, concrete, and roof tiles.

• Some newly launched products in this category are SikaFast®-7540 and Poxipol®.

Competitive Landscape

Leading players in the pure monomer resin market are Synthomer plc, Kolon Industries, Rain Industries (Rain Carbon Germany GmbH), Kraton Corporation, Cray Valley (TotalEnergies), VNK AS, Yasuhara Chemical, Neville Chemical Company, and Puyang Tiancheng Chemical. To meet growing product demand, these companies are focusing on diversifying their product portfolios, exploring possible mergers with other organizations, and expanding into new regions. They are also developing strategies to create eco-friendly products, investing heavily in research and development for a sustainable future. Through their efforts, several breakthroughs have been made along the way.

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 Resin Market Study

• By Particle Size :

  • Styrene-based Pure Monomer Resins
  • Alpha-methyl Styrene-based Pure Monomer Resins
  • Others

• By Softening Point :

  • Less Than 85 °C
  • 85 °C to 100 °C
  • 100 °C to 115 °C
  • 115 °C to 130 °C
  • Above 130 °C

• By Application :

  • Adhesive Production
  • Sealant Production
  • Polymer Modification
  • Rubber Compounding
  • Wax Formulations
  • Coating Production
  • Asphalt Modification
  • Others

• By Region :

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Middle East & Africa