Singapore Resins Market (2024-2030) | Share, Industry, Revenue, Value, Analysis, Companies, Outlook, Size, Growth, Forecast & Trends

Singapore Resins Market Synopsis

Singapore is a major producer of resins in Southeast Asia. Resin production began to grow in the country since 2015, and Singapore has become one of the leading suppliers of specialty resins, particularly plastic polymers, for many purposes including automotive and construction industries. It boasts of an extensive logistics infrastructure which further facilitates resin imports/exports thus aiding in market growth. In terms of value, the Singapore resin market was worth US$ 157 million in 2020 and is expected to witness moderate growth during the forecast period (2020-2026).

Market Drivers

The growing demand for resins from various end use industries such as automotive, building & construction ETC, coupled with their rising applications across countries are some important factors driving the growth of Singapore resin industry. Additionally, initiatives taken by government authorities such as SPRING Singapore have encouraged local players to invest more into research & development activities resulting in innovations that give them an advantage over other regional competitors. Furthermore, presence of several multinational companies that manufacture different varieties of resins due to favorable trade policies will continue catapulting this market forward during this period.

Market challenges

Rising raw material costs owing to volatile prices might pose a challenge for manufacturers operating in this space while stringent regulations driven by environmental concerns may also adversely affect overall operations within this sector. Moreover availability issues related with certain types or grades can limit its full potential from being realized within domestic borders thereby restricting healthy adoption rate among key stakeholders involved here.

Key players

BASF SE, DowDuPont Inc., ExxonMobil Chemical Co, LyondellBasell Industries N V, SABIC Innovative Plastics Holdings BV.

Covid-19 Impact

COVID-19 pandemic has brought about numerous disruptions throughout all sectors globally; similarly it has impacted manufacturing landscape within resin industry too where there were significant delays reported especially concerning shipments from China which caused disruption right through entire supply chain network affecting exports/imports both ways resulting into lower product availability rates at higher prices than before which had direct effect on sales figures witnessed previously prior outbreak.

Key Highlights of the Report:

• Singapore Resins Market Outlook
• Market Size of Singapore Resins Market, 2023
• Forecast of Singapore Resins Market, 2030
• Historical Data and Forecast of Singapore Resins Revenues & Volume for the Period 2020-2030
• Singapore Resins Market Trend Evolution
• Singapore Resins Market Drivers and Challenges
• Singapore Resins Price Trends
• Singapore Resins Porter's Five Forces
• Singapore Resins Industry Life Cycle
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Types for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Unsaturated Polyester Resins for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Alkyd Resins for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Emulsion Polymers for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Amino Resins for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Polyester Resin for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Polyurethane Resins for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Polyamide Epichlorohydrin Resin for the Period 2020-2030
• Historical Data and Forecast of Singapore Unsaturated Polyester Resins Resins Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Adhesives for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Coatings for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Composites for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Packaging for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Paints & Varnishes for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Foundry Binders for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Food Packaging for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By End-users for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Electrical and Electronics for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Automotive for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Civil Engineering for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Marine and Shipbuilding for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Healthcare for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Oil & Gas for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Packaging for the Period 2020-2030
• Historical Data and Forecast of Singapore Resins Market Revenues & Volume By Others for the Period 2020-2030
• Singapore Resins Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End-users
• Singapore Resins Top Companies Market Share
• Singapore Resins Competitive Benchmarking By Technical and Operational Parameters
• Singapore Resins Company Profiles
• Singapore Resins Key Strategic Recommendations