Global Calendering Resins Market Overview
The Calendering Resins Market Size was estimated at 5.49 (USD Billion) in 2022. The Calendering Resins Industry is expected to grow from 5.66(USD Billion) in 2023 to 7.5 (USD Billion) by 2032. The Calendering Resins Market CAGR (growth rate) is expected to be around 3.17% during the forecast period (2024 - 2032).
Key Calendering Resins Market Trends Highlighted
The calendering resins market is driven by the growing demand from end-use industries such as automotive, packaging, and construction. The market is also expected to benefit from the increasing adoption of calendering resins in high-performance applications.Key market opportunities include the development of new calendering resins with improved properties, expansion into emerging markets, and the adoption of calendering resins in sustainable applications.Recent trends in the calendering resins market include the growing popularity of water-based calendering resins, the increasing use of calendering resins in lightweight applications, and the development of calendering resins with improved durability and weather resistance.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Calendering Resins Market Drivers
Rising Demand for Calendered Films
The leading factor that drives the calendering resins market is the growing demand for calendered films. The latter is produced by running a molten plastic resin through a series of heated rollers, resulting in smooth, glossy films. Calendered films are used in a variety of applications, including packaging, automotive and construction. They are in demand due to their superior barrier properties, printability and long life, which make them ideal for flexible packaging applications.In addition, calendered films are increasingly employed for the production of automotive parts and construction materials due to their light weight and strength. In the future, the demand for calendered films is expected to provide a stimulus to the growth of the calendering resins market. The types of calendering resins are various: PVC, PE, and PP. The most widely used type is PVC resins, which are used to produce the above-mentioned calendered films for packaging.PE resins are used to produce films for automotive and construction, while PP resins are utilized in the production of industrial films. The choice is determined by the characteristics that consumers require for their intended applications. The calendering resins market is separated into major regions, including North America, Europe, Asia-Pacific and Rest of the World. The data indicates that Asia-Pacific is the main regional market for calendering resins.It accounts for the bulk of the market, which is growing largely due to the accelerated demand observed in packaging. The other significant regional markets are North America and Europe. Both regions have established automotive and construction industries, which drive the demand for their products. The Rest of the World region is expected to undergo stable growth over the period under consideration.
Technological Advancements in Calendering Processes
The calendering resins market is also driven by technological advancements in calendering processes. Technological advancements have led to the development of new calendering techniques, which enable the production of high-quality calendered films with improved properties. These advancements include the use of advanced calendering equipment, such as high-speed calendars and multi-layer calendars. The use of advanced calendering equipment allows for better control of the calendering process, resulting in calendered films with improved surface finish, dimensional stability, and mechanical properties.Technological advancements are also leading to the development of new calendering resins, which offer improved performance and functionality. These new resins are designed to meet the specific requirements of different end-use applications.
Stringent Environmental Regulations
The market of calendar resin is also affected by the stringent regulations pertaining to the environment. Such regulations are framed to reduce the environmental impact induced by calendar processing and to promote the use of sustainable materials. Many of the solvents and chemicals used in these processes are also restricted based on the stringency of the regulation. Owing to increasing demand for environmentally friendly products, many new calendar resins are being manufactured nowadays.The new calendar resins are developed using recent innovative technology and ensure least emission and waste during the processes.
Calendering Resins Market Segment Insights
Calendering Resins Market Type Insights
The Calendering Resins Market Segmentation by Type, into PVC Calendering Resins, ABS Calendering Resins, PP Calendering Resins, PS Calendering Resins and Other Calendering Resins. The PVC Calendering Resins segment held the largest share of the market in 2023. The growth of this segment can be attributed to its extensive use in applications such as flooring, roofing, and wall coverings. The ABS Calendering Resins segment is expected to grow at the highest CAGR from 2022 to 2032. The growth of this segment is attributed to the increasing demand for lightweight and durable materials in the automotive and consumer electronics industries.The PP Calendering Resins segment is also expected to witness significant growth due to its high strength and chemical resistance, making it suitable for packaging and industrial products. The PS Calendering Resins segment is expected to grow at a steady pace over the forecast period. PS Calendering Resins are widely used in packaging applications owing to their excellent clarity and printability. The other Calendering Resins segment was worth over USD 1.25 billion in 2021. The growth of this market is attributed to the increasing demand for lightweight and durable materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Calendering Resins Market Application Insights
The Calendering Resins Market is segmented by Application into Flooring, Wallcovering, Automotive Parts, Packaging and Other Applications. Flooring is the largest application segment, accounting for over 40% of the Calendering Resins Market revenue in 2023. The growth of this segment is driven by the increasing demand for calendered vinyl flooring due to its durability, water resistance, and low maintenance. Wallcovering is another major application segment, with a market share of over 25% in 2023. Calendered wallcoverings are popular due to their aesthetic appeal, durability and ease of installation.Automotive Parts is a growing application segment for calendering resins. Calendered resins are used in the production of automotive parts such as interior trim, dashboards and door panels. The growth of this segment is driven by the increasing demand for lightweight and durable materials in the automotive industry. Packaging is another important application segment for calendering resins. Calendered resins are used in the production of flexible packaging films and sheets. The growth of this segment is driven by the increasing demand for flexible packaging in the food and beverage, pharmaceutical and personal care industries.Other Applications of calendering resins include roofing, medical devices and sporting goods.
Calendering Resins Market End-User Industry Insights
The Calendering Resins Market is segmented based on the end-user industry into Building and Construction, Automotive, Packaging, Consumer Products and Other End-User Industries. Among these, the Building and Construction segment held the largest market share in 2023, accounting for over 35% of the Calendering resin market revenue. The growth of this segment can be attributed to the increasing demand for calendering resins in construction applications, such as flooring, roofing, and siding. The Automotive segment is also expected to witness significant growth in the coming years due to the increasing production of vehicles and the growing popularity of lightweight materials.The Packaging segment is another important end-user industry for calendering resins, and it is expected to grow steadily in the coming years, driven by the increasing demand for flexible packaging solutions. The Consumer Products segment includes applications such as toys, appliances and furniture, and it is expected to grow at a moderate pace in the coming years. Other End-User Industries include applications such as electronics, healthcare and sports, and this segment is expected to grow at a steady pace in the coming years.
Calendering Resins Market Additive or Modification Insights
The Additive or Modification segment of the Calendering Resins Market is projected to reach a valuation of USD 1.28 billion by 2024, exhibiting a CAGR of 3.6% during the forecast period. Impact modifiers account for a significant share of the segment, owing to their ability to enhance the toughness and durability of calendered films. Antioxidants play a crucial role in protecting the resins from degradation caused by exposure to environmental factors, thereby extending their shelf life. UV stabilizers are essential for preventing the deterioration of calendered films when exposed to ultraviolet radiation.Colorants are utilized to impart specific hues to the films, catering to diverse aesthetic requirements. Other additives or modifications, such as flame retardants and anti-static agents, are also employed to meet specific performance criteria in various applications.
Calendering Resins Market Form Insights
The Calendering Resins Market is segmented by form into liquid, solid, powder, granular, and other forms. The liquid form segment is expected to account for the largest market share in 2023, owing to its ease of application and versatility. The solid form segment is expected to grow at a significant rate during the forecast period due to its increasing use in high-performance applications. The powder form segment is expected to witness moderate growth due to its use in specialized applications. The granular form segment is expected to account for a small market share due to its limited applications.The other forms segment includes flakes, pellets and beads and is expected to grow at a steady pace during the forecast period. The Calendering Resins Market is expected to reach a value of USD 6.48 billion by 2024, expanding at a CAGR of 4.2% during the forecast period. The market is driven by the growing demand for calendered products, such as films, sheets and profiles, in various industries, including packaging, automotive and construction. The increasing use of calendering resins in lightweight and high-performance applications is also contributing to the market growth.
Calendering Resins Market Regional Insights
The Calendering Resins Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in the coming years, owing to the increasing demand for calendered films and sheets in the region. The growth of the packaging industry in APAC is also driving the demand for calendering resins. North America and Europe are also expected to witness significant growth in the calendering resins market due to the presence of a large number of automotive and construction companies in these regions.South America and MEA are expected to be the fastest-growing regions in the calendering resins market due to the increasing demand for calendered films in the packaging and construction industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Calendering Resins Market Key Players And Competitive Insights
Major players in Calendering Resins Market are constantly striving for innovation and technological advancements to gain a competitive edge. They are focusing on developing new products that cater to the evolving needs of end-users and expanding their presence through strategic partnerships and acquisitions. The Leading Calendering Resins Market players are actively involved in research and development activities to improve the performance and functionality of calendering resins. Collaboration between industry participants and research institutions is fostering the Calendering Resins Market development. The Competitive Landscape is expected to remain dynamic as new entrants emerge and existing players expand their product portfolios and geographic reach. Due to the presence of established and well-resourced players, the market is characterized by intense competition.A leading company in the Calendering Resins Market, Eastman Chemical Company specializes in the production of a wide range of calendering resins for various applications. The company's commitment to sustainability is reflected in its focus on developing environmentally friendly and energy-efficient products. Eastman Chemical Company has a strong presence and operates manufacturing facilities in multiple countries. The company's extensive distribution network ensures timely delivery of products to meet customer demands.A prominent competitor in the Calendering Resins Market, Evonik Industries AG, offers a diverse portfolio of calendering resins tailored to specific industry requirements. The company's strength lies in its advanced research and development capabilities, which enable it to provide innovative solutions to customers. Evonik Industries AG has a presence with production sites and technical centers located worldwide. The company emphasizes technical support and customer service to build long-term partnerships with its clients.
Key Companies in the Calendering Resins Market Include:
Calendering Resins Market Industry Developments
The calendering resins market is projected to grow from USD 5.66 billion in 2023 to USD 7.5 billion by 2032, exhibiting a CAGR of 3.17% during the forecast period. The increasing demand for flexible packaging and the rising automotive industry are driving the growth of the market.Recent developments in the market include the launch of new products and the expansion of production capacities. For instance, in 2023, BASF introduced a new line of calendering resins designed for high-performance flexible packaging applications. Additionally, companies are investing in capacity expansions to meet the growing demand. In 2022, Dow announced plans to invest USD 1 billion in its calendering resins production facility in Thailand.Key players in the market include BASF, Dow, Arkema, Evonik, and DIC Corporation. These companies are focusing on innovation and sustainability to maintain their market positions.
Calendering Resins Market Segmentation Insights
Calendering Resins Market Type Outlook
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PVC Calendering Resins
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ABS Calendering Resins
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PP Calendering Resins
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PS Calendering Resins
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Other Calendering Resins
Calendering Resins Market Application Outlook
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Flooring
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Wallcovering
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Automotive Parts
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Packaging
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Other Applications
Calendering Resins Market End-User Industry Outlook
Calendering Resins Market Additive or Modification Outlook
Calendering Resins Market Form Outlook
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Liquid
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Solid
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Powder
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Granular
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Other Forms
Calendering Resins Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
5.49(USD Billion) |
| Market Size 2023 |
5.66(USD Billion) |
| Market Size 2032 |
7.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.17% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
BASF SE, Evonik Industries, DuPont de Nemours, Inc., Dow, Arkema, ExxonMobil Corporation, Celanese Corporation, Innospec Corporation, Lubetech, TotalEnergies, Eastman Chemical Company, Shandong Jinyang Chemical New Materials, Mitsui Chemicals, Chevron Phillips Chemical Company |
| Segments Covered |
Type, Application, End-User Industry, Additive or Modification, Form, Regional |
| Key Market Opportunities |
Rising demand for flexible packaging Growing construction industry Increasing demand for medical devices Environment-friendly calendering resins Technological advancements. |
| Key Market Dynamics |
Increasing demand for packaging solutions Growth in the automotive industry Surge in construction activities Rise in demand for medical devices Environmental regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Calendering Resins Market is expected to reach a valuation of 7.5 billion USD by 2032.
The market experienced a CAGR of 3.17% from 2024 to 2032.
Asia-Pacific is anticipated to lead the market due to rising demand from the automotive, packaging and construction industries.
Calendering resins are primarily used in the production of floor coverings, roofing membranes, and tarpaulins.
Evonik, Arkema, Dow, and Kuraray are among the prominent players in the Calendering Resins Market.
Increasing demand for lightweight and durable materials in various industries is driving the market growth.
Fluctuating raw material prices and environmental regulations pose challenges to market growth.
North America is expected to account for approximately 20% of the Calendering Resins Market share by 2032.
Environmentally friendly and sustainable calendering resins are gaining traction in the market.
Advancements in resin formulations and application techniques are expected to enhance market growth.
