| Product Code: ETC348940 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The synthetic resins market in the UAE has witnessed substantial growth owing to its extensive application across industries such as construction, automotive, packaging, and adhesives. Synthetic resins are essential for creating durable and long-lasting products. In the construction sector, they are used for manufacturing adhesives, sealants, and coatings, while in the automotive industry, resins find applications in parts manufacturing. The UAE emphasis on infrastructure development and manufacturing activities fuels the demand for synthetic resins, encouraging companies to invest in advanced technologies and sustainable resin solutions.
The UAE synthetic resins market has witnessed substantial growth due to its vital role in various industrial sectors. Synthetic resins, including epoxy, polyethylene, and polypropylene resins, are crucial for manufacturing products such as plastics, adhesives, coatings, and composites. The construction and automotive industries in the UAE have been significant drivers of demand for synthetic resins, where they are used for their strength, durability, and versatility. Additionally, the packaging industry relies on synthetic resins to create lightweight and cost-effective materials. The country`s robust manufacturing base and its focus on innovation and quality have sustained the growth of the synthetic resins market. Moreover, the development of eco-friendly and recyclable resins aligns with the UAE commitment to sustainable practices, further boosting market expansion.
The UAE synthetic resins market grapples with fluctuations in raw material prices and supply chain disruptions. The industry relies heavily on petrochemical feedstocks, and any fluctuations in oil prices can impact production costs and profit margins.
In the wake of the COVID-19 outbreak, the UAE synthetic resins market encountered a period of adjustment and adaptation. The construction and automotive sectors, major consumers of synthetic resins, experienced disruptions in their operations, directly affecting demand. Additionally, supply chains were strained due to logistical challenges and disruptions in international trade. The market players responded by implementing stringent safety measures, remote working arrangements, and adopting digital technologies to mitigate the impact.
Leading players in the UAE synthetic resins market include Jotun Paints and Nippon Paints. These companies are recognized for their production of synthetic resins used in the manufacturing of paints, adhesives, and coatings.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Synthetic Resins Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Synthetic Resins Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Synthetic Resins Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 United Arab Emirates (UAE) Synthetic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Synthetic Resins Market Trends |
6 United Arab Emirates (UAE) Synthetic Resins Market, By Types |
6.1 United Arab Emirates (UAE) Synthetic Resins Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Building Supplies, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Electronics, 2021-2031F |
6.2 United Arab Emirates (UAE) Synthetic Resins Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Thermoplastic Resins, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Synthetic Resins Market Revenues & Volume, By Thermosetting Resin, 2021-2031F |
7 United Arab Emirates (UAE) Synthetic Resins Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Synthetic Resins Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Synthetic Resins Market Imports from Major Countries |
8 United Arab Emirates (UAE) Synthetic Resins Market Key Performance Indicators |
9 United Arab Emirates (UAE) Synthetic Resins Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Synthetic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Synthetic Resins Market Opportunity Assessment, By Product, 2021 & 2031F |
10 United Arab Emirates (UAE) Synthetic Resins Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Synthetic Resins Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Synthetic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |