Casting resin is a type of liquid synthetic resin that, when mixed with a hardening agent, cures into a solid material. It is commonly used in various applications, including art, jewelry making, model creation, and industrial manufacturing, to create clear or colored solid forms. The curing process involves a chemical reaction that can be accelerated by applying heat, resulting in a durable and often glossy finish. Some common types of casting resin include epoxy resin, polyurethane resin, and polyester resin.
Casting Resin Market Overview
Casting Resin Market is expected to grow at a high CAGR during the forecast period 2024-2031 | DataM Intelligence
Resin casting produces objects by pouring liquid synthetic resin into molds, which then hardens. This technique is utilized in industries, dentistry, and the production of toys and jewelry. Casting resins can be combined with natural minerals (fillers) to create various shapes. Typically, a monomer is used as the synthetic resin to form a plastic thermosetting polymer. During the setting process, the monomer polymerizes into a solid polymer. Adding fillers to the resin reduces costs and minimizes polymer shrinkage.
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Casting Resin Market Growth Trends
The primary driving factor for the casting resins market is the increase in building construction. These resins are used in building design, façade panels, tiles, and working surfaces. As the population grows, the number of buildings increases, driving the demand for casting resins.
Another driving factor is the growth of the electronics industry. Casting resins are used for encapsulating circuits with fragile components, leading to a higher adoption rate in this industry. However, the injection molding process serves as a substitute for resin casting. While resin casting is labor-intensive and suitable for producing hundreds of products, injection molding can produce thousands. Thus, the injection molding process acts as a restraint on the global casting resins market by offering an alternative to casting resins.
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Casting Resin Market is segmented
By Type of Substance: Polyester Casting Resins, Polyurethanes Casting Resins, Epoxy Casting Resins, Acrylic Casting Resins
By End User: Toys, Infrastructure, Transportation, Ornaments
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Casting Resin Companies
- Hexion Inc.
- Polycast Industries Inc.
- Alchemie
- HA-International Inc.
- Covestro
- Resoltech
- Huntsman International
- Polytech Development Corporation
- Asahi Yukizai
- RFCOTEC
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