| Product Code: ETC4951056 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia resin market experienced a notable decline in import momentum from 2023 to 2024, with a substantial -71.6% growth rate. However, the compound annual growth rate (CAGR) for 2020-2024 stood at a robust 84.15%. This sharp decline in 2024 could be attributed to shifting demand patterns or changes in trade policies impacting market stability.
The Resins market in Armenia is projected to grow at a high growth rate of 14.66% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

Armenia`s Resins market encompasses a diverse range of applications across construction, automotive, and packaging industries. Demand for high-performance resins is driven by infrastructure projects, automotive manufacturing, and packaging innovations. Local production capabilities and technological advancements in resin formulations shape market competitiveness and growth.
In Armenia, the resins market growth is supported by diverse applications across industries such as automotive, construction, and electronics. Demand for eco-friendly and high-performance resin materials continues to rise, driven by technological advancements and sustainability initiatives.
In Armenia, the resins market is challenged by fluctuating crude oil prices affecting raw material costs, environmental regulations limiting production capacities, and competitive pressures from substitute materials. Market players focus on product innovation and operational efficiency to sustain growth.
Armenia supports the resin industry with policies promoting sustainable manufacturing practices and export-oriented growth. Government initiatives include research grants, export subsidies, and regulatory frameworks ensuring environmental sustainability and product quality.
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 Armenia Resins Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Resins Market - Industry Life Cycle |
3.4 Armenia Resins Market - Porter's Five Forces |
3.5 Armenia Resins Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Armenia Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Armenia Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Armenia Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Armenia Resins Market Trends |
6 Armenia Resins Market Segmentations |
6.1 Armenia Resins Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Armenia Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021-2031F |
6.1.3 Armenia Resins Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.1.4 Armenia Resins Market Revenues & Volume, By Emulsion Polymers, 2021-2031F |
6.1.5 Armenia Resins Market Revenues & Volume, By Amino Resins, 2021-2031F |
6.1.6 Armenia Resins Market Revenues & Volume, By Polyester Resin, 2021-2031F |
6.1.7 Armenia Resins Market Revenues & Volume, By Polyurethane Resins, 2021-2031F |
6.1.9 Armenia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Armenia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Resins Market Revenues & Volume, By ? Adhesives, 2021-2031F |
6.2.3 Armenia Resins Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.4 Armenia Resins Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 Armenia Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Armenia Resins Market Revenues & Volume, By Paints & Varnishes, 2021-2031F |
6.2.7 Armenia Resins Market Revenues & Volume, By Foundry Binders, 2021-2031F |
6.2.8 Armenia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Armenia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3 Armenia Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Armenia Resins Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.3 Armenia Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Armenia Resins Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.3.5 Armenia Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.3.6 Armenia Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Armenia Resins Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.8 Armenia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Armenia Resins Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Resins Market Import-Export Trade Statistics |
7.1 Armenia Resins Market Export to Major Countries |
7.2 Armenia Resins Market Imports from Major Countries |
8 Armenia Resins Market Key Performance Indicators |
9 Armenia Resins Market - Opportunity Assessment |
9.1 Armenia Resins Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Armenia Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Armenia Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Armenia Resins Market - Competitive Landscape |
10.1 Armenia Resins Market Revenue Share, By Companies, 2024 |
10.2 Armenia Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |