Hydroxy functional resins refer to resins with hydroxy group connected on the molecular chain. After reaction with crosslinking agents like Melamine, the hydroxy functional resins possess good performance of chemical resistance and physical properties, making it advantageous to be used as coating in automotive, aerospace and furniture industry, etc. The most commonly used hydroxy functional resins are hydroxyl acrylic resin and hydroxyl polyester resin. In our report, the range of statistics is for the above types.
Hydroxy functional resins refer to resins with hydroxy group connected on the molecular chain. After reaction with crosslinking agents like Melamine, the hydroxy functional resins possess good performance of chemical resistance and physical properties, making it advantageous to be used for automotive, aerospace, furniture industry, etc. The most commonly used hydroxy functional resins are hydroxyl acrylic resin and hydroxyl polyester resin. In our report, the range of statistics is for the above types.
Until 2015, China overall was the dominant producer and exporter of hydroxy functional resins, following by Europe and North America. In 2015, the world production of hydroxy functional resins reached 439 K MT. Leading players in hydroxy functional resins industry are BASF, Dow, Arkema, Evonik, Gellner Industrial, Allnex, Elementis, etc.
Hydroxy functional resins is a fragmented industry with a variety of manufacturers ranging from large multinational corporations to small privately owned companies. In 2015, the top four producers account for 27.56% of the market. Generally, the companies in this industry can be classified as three kinds: leading global general coating suppliers like BASF and Arkema; leading chemical suppliers with a rich portfolio of products like Dow and Evonik; Specialized coating material suppliers that produce advanced products like Gellner Industrial. Comparatively, leading chemical suppliers and general coating suppliers enjoys lower manufacture cost than other suppliers, making it more advantageous in price, while specialized coating material suppliers has close connect with direct downstream users, which makes it advantageous in customer relationship and technical level.
The materials of hydroxy functional resins can be classified as monomer and hydroxyl functional groups. The commonly used monomer and hydroxyl functional groups are Methyl methacrylate, Styrene and Hydroxyethyl methacrylate. Also, in the production of hydroxy functional resins used for amino baking paint, the product is premixed with crosslinking agent and solvent when sold on the market, even though they are not real raw material.
The largest consumption area of hydroxy functional resins is metallic coating, which accounted for 74.49% of world hydroxy functional resins consumption in 2015. Hydroxy functional resin has also been founded widely used for plastic coating and glass coating. Generally speaking, automotive is considered as the most important application of hydroxy functional resins in terms of terminal use.
The global Hydroxy Functional Resins market was 1260 million US$ in 2018 and is expected to 1640 million US$ by the end of 2025, growing at a CAGR of 3.3% between 2019 and 2025.
This report studies the Hydroxy Functional Resins market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hydroxy Functional Resins in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
Hydroxyl acrylic resin
Hydroxyl polyester resin
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Hydroxy Functional Resins market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Hydroxy Functional Resins market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Hydroxy Functional Resins manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hydroxy Functional Resins with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Hydroxy Functional Resins submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Hydroxy Functional Resins are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hydroxy Functional Resins market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Hydroxy Functional Resins market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.