Phenoxy Resins Market - Forecasts from 2025 to 2030

The phenoxy resins market is valued at US$274.307 million in 2025 and is projected to grow at a CAGR of 3.95% over the forecast period.

Phenoxy has a low viscosity compared to other resins. Phenoxy resins are tough, ductile, amorphous, thermoplastic polymers. They have thermal stability, adhesive strength, and vapor barrier properties. The driving factor is the soaring growth of the end-use industries such as automotives. According to the International Organization of Motor Vehicle Manufacturers, global automobile production has increased 10% in 2023 compared to previous years. Further, phenoxy resins are soluble in various solvents, enhancing their versatility in different formulations.

Phenoxy resins market drivers:

Growing demand for paints and coatings

The rising aerospace and shipping industry is also projected to positively impact the demand for paints and coatings. The aircraft are painted for protection from corrosion. In May 2024, PPG built a new paint and coatings manufacturing facility in Tennessee. It would be a $300 million investment in advanced manufacturing in North America. The facility could supply paint products for transportation, heavy-duty equipment, construction, and consumer sectors. Further, this major increase in the production of vehicles leads to the demand for paints and coatings in the automotive industry. The coatings are necessary for protecting the car's surface from heat and moisture.

phenoxy resins market geographical outlook

The phenoxy resins market is segmented into five regions worldwide:

By geography, the phenoxy resins market is segmented into North America, South America, Europe, theMiddle East and Africa, and Asia-Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia-Pacific region is expected to see the fastest growth in the phenoxy resins market due to the increasing applications in consumer electronics and the aerospace industry. The Indian electronics industry is one of the most rapidly growing industries worldwide. In the past few years, India captured a sizeable market share in electronics manufacturing. For the country to be a global electronics producer, it is aiming to be a US$1 trillion digital economy, and the electronic market would stand at around US$180 billion by 2025-26. The government of India aimed to make electronics one of the top three export categories by 2025-26.

North America is expected to have a significant market share for phenoxy resins due to their major utilization in the automotive, electronics, construction, and aerospace. The construction industry in the United States has been increasing steadily and is a major part of the country's economy. The construction spending in the United States was 2,122,229 (million USD) in January 2024, which had been 1,932,302 in 2022.

Phenoxy resins market challenges:

• The availability of several substitutes with similar properties to phenoxy resins makes it difficult for market growth. This includes lignin, tannin, furfural, cardanol, etc.

Reasons for buying this report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Market Segmentation:

The Phenoxy Resins market is segmented and analyzed as below:

By Type

• Solvent-borne Phenoxy Resins
• Waterborne Phenoxy Resins

By Application

• Adhesives
• Coating
• Composites
• Plastic
• Others

By End-Use Industry

• Automotive
• Electronics
• Construction
• Aerospace
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific