Product Code: ETC022096 | Publication Date: Oct 2020 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Ghana Resins market currently, in 2023, has witnessed an HHI of 1419, Which has decreased slightly as compared to the HHI of 1661 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The resins market in Ghana involves the production, distribution, and consumption of synthetic and natural resins such as epoxy, polyester, polyurethane, and phenolic resins used in adhesives, coatings, composites, and polymer formulations across various industries.
The increasing demand from automotive, construction, and packaging industries, the growing applications in adhesives, coatings, and composites, and the adoption of resins for their versatility and performance are driving the growth of Ghana resins market. Resins such as epoxy, acrylic, polyester, and polyurethane offer properties such as adhesion, durability, and corrosion resistance, supporting their use in diverse applications such as paints, adhesives, plastics, and composites, thus stimulating market growth.
Challenges here may include environmental concerns regarding resin production, variability in quality due to raw material sourcing, and competition from imported resins.
Recognizing the diverse applications of resins in industries such as construction, automotive, packaging, and electronics, the government of Ghana has implemented policies to regulate and support the resins market. These policies aim to ensure product quality and safety standards, promote sustainable manufacturing practices, and enhance local production capabilities. The government collaborates with regulatory agencies and industry associations to establish standards for resin composition, processing, and labeling, and provides support for research and development initiatives to improve product performance and environmental sustainability. Additionally, the government offers incentives such as tax breaks, grants, and investment subsidies to encourage investment in resin manufacturing facilities and technology upgrades. By fostering a regulatory environment that prioritizes product innovation, environmental stewardship, and industrial competitiveness, the government aims to support the growth of Ghana manufacturing sector, create employment opportunities, and promote economic development and diversification.
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 Ghana Resins Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Resins Market - Industry Life Cycle |
3.4 Ghana Resins Market - Porter's Five Forces |
3.5 Ghana Resins Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Ghana Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Ghana Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Ghana Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Resins Market Trends |
6 Ghana Resins Market, By Types |
6.1 Ghana Resins Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Ghana Resins Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Ghana Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021-2031F |
6.1.4 Ghana Resins Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.1.5 Ghana Resins Market Revenues & Volume, By Emulsion Polymers, 2021-2031F |
6.1.6 Ghana Resins Market Revenues & Volume, By Amino Resins, 2021-2031F |
6.1.7 Ghana Resins Market Revenues & Volume, By Polyester Resin, 2021-2031F |
6.1.8 Ghana Resins Market Revenues & Volume, By Polyurethane Resins, 2021-2031F |
6.1.9 Ghana Resins Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Ghana Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Ghana Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ghana Resins Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.3 Ghana Resins Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.4 Ghana Resins Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 Ghana Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Ghana Resins Market Revenues & Volume, By Paints & Varnishes, 2021-2031F |
6.2.7 Ghana Resins Market Revenues & Volume, By Foundry Binders, 2021-2031F |
6.2.8 Ghana Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Ghana Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3 Ghana Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Ghana Resins Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.3 Ghana Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Ghana Resins Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.3.5 Ghana Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.3.6 Ghana Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Ghana Resins Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.8 Ghana Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Ghana Resins Market Revenues & Volume, By Others, 2021-2031F |
7 Ghana Resins Market Import-Export Trade Statistics |
7.1 Ghana Resins Market Export to Major Countries |
7.2 Ghana Resins Market Imports from Major Countries |
8 Ghana Resins Market Key Performance Indicators |
9 Ghana Resins Market - Opportunity Assessment |
9.1 Ghana Resins Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Ghana Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Ghana Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Ghana Resins Market - Competitive Landscape |
10.1 Ghana Resins Market Revenue Share, By Companies, 2024 |
10.2 Ghana Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |