Market Forecast By Types (Unsaturated Polyester Resins, Alkyd Resins, Emulsion Polymers, Amino Resins, Polyester Resin, Polyurethane Resins, Polyamide Epichlorohydrin Resin, Others), By Application (Adhesives, Coatings, Composites, Packaging, Paints & Varnishes, Foundry Binders, Food Packaging, Others), By End-users (Electrical and Electronics, Automotive, Civil Engineering, Marine and Shipbuilding, Healthcare, Oil & Gas, Packaging, Others) And Competitive Landscape
Product Code: ETC022075 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Australia Resins Market |
Forecast period | 2025-2031 |
CAGR | 5.2% |
Growing Sector | Construction industry |
Australia Resins Market report thoroughly covers the market - By Types, by application, By End user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Resins Market is anticipated to witness significant growth, driven by various factors including the increasing demand for lightweight materials in the automotive and aerospace industries. The market's expansion is further bolstered by the construction sector's recovery and the rising application of resins in electronics and packaging. Innovations in eco-friendly and sustainable resin solutions are expected to open new opportunities for market players, aligning with global environmental regulations and consumer preferences for greener products. Additionally, technological advancements in resin manufacturing processes are anticipated to enhance product offerings and performance, contributing to the market's upward trajectory during the forecast period.
According to 6Wresearch, the Australia Resins Market Size is expected to reach at a significant CAGR of 5.2% during the forecast period 2025-2031. This growth is driven by increased demand in construction and automotive industries, where resins are fundamental due to their durability and versatility. Advances in resin technology, leading to improved product performance, also contribute significantly to market expansion. However, the sector faces challenges, such as fluctuating raw material prices and stringent environmental regulations that could hinder market growth. Efforts towards developing eco-friendly resins are expected to mitigate these challenges while catering to evolving consumer preferences. The construction industry, being a major consumer, utilizes resins for applications such as coatings, adhesives, and sealants. Similarly, the automotive sector benefits from resin applications in lightweight components and aesthetic enhancements. These industries continue to drive demand, highlighting the importance of innovation in resin formulations to meet specific industry requirements.
Australia Resins Market is currently experiencing notable growth, driven by an increase in demand across various end-user industries such as construction, automotive, and electronics. This upward trend is primarily fueled by advancements in resin technologies that offer enhanced performance and durability, making them a preferred choice for manufacturers.
Additionally, the construction sector's expansion, particularly in urban development projects, plays a significant role in the rising consumption of resins. Such Australia Resins Market growth is further supported by the country's robust economic conditions and increased investment in infrastructure, contributing to the overall expansion of the resins market.
Australia Resins Market is poised for significant investment opportunities from 2024 to 2030, driven by increased demand across various industries such as construction, automotive, and electronics. As the Australia Resins Industry innovates and expands, the need for high-performance and sustainable materials is rising, making resins an attractive focus for investment.
Factors influencing these opportunities include advancements in bio-resins technology, government incentives for sustainable practices, and the fluctuating raw material prices. Industry trends, such as the shift towards eco-friendly products, are also shaping market dynamics, pushing companies to invest in research and development to stay competitive.
Australia Resins Market is poised for significant growth between 2024 and 2030, driven by advancements in various industries such as automotive, construction, and packaging. Among the leading players in the market, major companies include Dow Chemical, BASF SE, and Mitsubishi Chemical. These industry giants are recognized for their robust product portfolios and extensive research and development efforts. Additionally, regional companies like Nuplex Industries and DIC Corporation also contribute significantly to the market, providing specialized resin solutions tailored to the specific needs of Australian industries.
Australia Resins Market is subject to a variety of government regulations and policies aimed at ensuring sustainability, safety, and environmental responsibility. From 2024 to 2030, these regulations are expected to focus on reducing environmental impact through stricter emission standards and waste management protocols. The government is likely to implement policies encouraging the use of bio-based and renewable resins to minimize the reliance on fossil fuels and reduce carbon footprints. Regulations under the Environmental Protection Authority (EPA) will continue to enforce compliance with safety standards to protect both workers and consumers.
Additionally, initiatives like subsidies and tax incentives may be introduced to promote research and development in sustainable resin technologies, aiding companies in transitioning to greener alternatives. Moreover, collaborations between the government and industry stakeholders will be key to achieving these regulatory goals, ensuring the Australian resins market meets international environmental standards.
Australia Resins Market is projected to experience steady growth from 2024 to 2030, driven by an increase in demand across various industries such as construction, automotive, packaging, and electronics. With the nation focusing on sustainable development, there is an anticipated shift towards eco-friendly and biodegradable resins, as manufacturers aim to reduce their carbon footprint and comply with stricter environmental regulations.
Technological advancements are expected to enhance the properties of resins, improving their durability and performance, which will open up new opportunities in high-tech applications. Moreover, the increasing trend of automation in manufacturing processes is likely to boost the consumption of resins in the coming years, furthering the industry's expansion. As global supply chains adapt to post-pandemic realities, Australia may also see an increase in local production capabilities to ensure resilience and reduced dependency on imports.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Parth, Senior Research Analyst, 6Wresearch, In the "By Application" segment, the Coatings category is projected to hold a significant market share, driven by robust demand in construction and automotive sectors.
Unsaturated Polyester Resins are expected to dominate the category under the "By Types" segment, primarily due to their wide applicability in coatings, adhesives, and composites.
Among the "By End-Users" category, the Automotive industry is anticipated to lead due to the increasing adoption of lightweight materials and resins for enhanced fuel efficiency and performance.
The market report has been segmented and sub segmented into the following categories:
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 Australia Resins Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Resins Market - Industry Life Cycle |
3.4 Australia Resins Market - Porter's Five Forces |
3.5 Australia Resins Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Australia Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Australia Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Australia Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Resins Market Trends |
6 Australia Resins Market, By Types |
6.1 Australia Resins Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Australia Resins Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Australia Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021 - 2031F |
6.1.4 Australia Resins Market Revenues & Volume, By Alkyd Resins, 2021 - 2031F |
6.1.5 Australia Resins Market Revenues & Volume, By Emulsion Polymers, 2021 - 2031F |
6.1.6 Australia Resins Market Revenues & Volume, By Amino Resins, 2021 - 2031F |
6.1.7 Australia Resins Market Revenues & Volume, By Polyester Resin, 2021 - 2031F |
6.1.8 Australia Resins Market Revenues & Volume, By Polyurethane Resins, 2021 - 2031F |
6.1.9 Australia Resins Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.10 Australia Resins Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Australia Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Resins Market Revenues & Volume, By Adhesives, 2021 - 2031F |
6.2.3 Australia Resins Market Revenues & Volume, By Coatings, 2021 - 2031F |
6.2.4 Australia Resins Market Revenues & Volume, By Composites, 2021 - 2031F |
6.2.5 Australia Resins Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.2.6 Australia Resins Market Revenues & Volume, By Paints & Varnishes, 2021 - 2031F |
6.2.7 Australia Resins Market Revenues & Volume, By Foundry Binders, 2021 - 2031F |
6.2.8 Australia Resins Market Revenues & Volume, By Others, 2021 - 2031F |
6.2.9 Australia Resins Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Australia Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Australia Resins Market Revenues & Volume, By Electrical and Electronics, 2021 - 2031F |
6.3.3 Australia Resins Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.4 Australia Resins Market Revenues & Volume, By Civil Engineering, 2021 - 2031F |
6.3.5 Australia Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021 - 2031F |
6.3.6 Australia Resins Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.7 Australia Resins Market Revenues & Volume, By Oil & Gas, 2021 - 2031F |
6.3.8 Australia Resins Market Revenues & Volume, By Others, 2021 - 2031F |
6.3.9 Australia Resins Market Revenues & Volume, By Others, 2021 - 2031F |
7 Australia Resins Market Import-Export Trade Statistics |
7.1 Australia Resins Market Export to Major Countries |
7.2 Australia Resins Market Imports from Major Countries |
8 Australia Resins Market Key Performance Indicators |
9 Australia Resins Market - Opportunity Assessment |
9.1 Australia Resins Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Australia Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Australia Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Australia Resins Market - Competitive Landscape |
10.1 Australia Resins Market Revenue Share, By Companies, 2024 |
10.2 Australia Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |