The market is driven by the increasing preference for lightweight and durable materials in automotive applications, where casting resins offer a viable solution for creating intricate and complex components. Additionally, the growing trend towards miniaturization in the electronics sector is leading to an upswing in the use of casting resins for encapsulating and protecting delicate electronic components. Furthermore, the construction industry's inclination towards decorative and high-performance architectural elements are propelling the demand for casting resins in creating customized and aesthetically pleasing designs. Manufacturers are offering a diverse range of casting resin formulations that allow for intricate designs, colors, and finishes, catering to the growing demand for bespoke solutions. The market is also being influenced by the rising popularity of DIY (Do-It-Yourself) crafts and artistic projects, where casting resins find widespread use for creating resin art, jewelry, and other creative items.
The growing awareness and commitment to environmental responsibility within the business sector are propelling the market. Bio-based resins, derived from renewable sources such as plant-based materials are offering a compelling solution to reduce the environmental impact associated with traditional resin production. Additionally, Companies are investing in research and development to innovate new formulations that not only meet performance requirements but also adhere to stringent environmental standards.
The escalating need for materials that strike a balance between lightness and durability, positioning casting resins as a preferred choice for fabricating intricate components is driving the market. The automotive industry is undergoing continuous advancements, such as the shift towards electric vehicles and the quest for improved fuel efficiency leading to the rising demand for casting resins. Further, miniaturization and the imperative for robust insulation solutions are amplifying the adoption of casting resins in electronic applications, fostering their critical role in ensuring the reliability and longevity of electronic devices.
The confluence of environmental considerations, regulatory pressures, and the pursuit of user-friendly and sustainable solutions are fueling the demand. The growing preference for water-based resins is presenting an opportunity for companies to distinguish themselves in the market by offering solutions that cater to contemporary sustainability expectations. The versatility of water-based resins is further contributing to their popularity, as they are seamlessly integrating into various applications including sectors such as construction, automotive, and electronics, where the demand for sustainable and high-performance materials is on the rise.
The Casting Resin Market is analyzed across Polyurethane, Epoxy, Unsaturated, Polyester and Silicon resin. Polyurethane is poised to register the fastest growth. Polyurethane casting resins are renowned for their exceptional durability, flexibility, and impact resistance, making them well-suited for applications in automotive components, electronics encapsulation, and even in the production of intricate prototypes and models. The superior mechanical properties of polyurethane, including high tensile strength and abrasion resistance, contribute to its prominence in manufacturing processes requiring robust and reliable materials. Furthermore, polyurethane resins offer a broad range of formulations, allowing manufacturers to tailor the material to specific requirements, whether it be for rigid structural components or flexible, elastomeric parts.
The Casting Resin Market is analyzed across various End-Users including Toys, Infrastructure, Transportation, Ornaments, Automotive and Others. Of these, Automotive held a significant market share in 2024. Casting resins find widespread use in automotive applications due to their ability to meet stringent performance requirements while offering advantages such as weight reduction, design flexibility, and improved efficiency. Particularly, in the automotive industry, casting resins are utilized to produce lightweight components, intricate parts, and encapsulation of electronic modules. The demand for casting resins in automotive manufacturing is fueled by the industry's continuous quest for enhanced fuel efficiency and overall vehicle performance. As the automotive landscape undergoes a transformative shift towards electric and hybrid vehicles, there is an increased emphasis on materials that contribute to reduced vehicle weight without compromising structural integrity.
On January 2023, BASF Unveils Innovative UV-Curable Casting Resin, Paving the Way for Advanced 3D Printing Applications.
In April 2023, Huntsman Unveils High-Performance Bio-Based Casting Resin, Redefining Durability in Diverse Applications.
By Type
By End-User
By Region
*List not exhaustive
Casting Resin Market Outlook 2024
1 Market Overview
1.1 Introduction to the Casting Resin Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2024 Casting Resin Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Casting Resin Market Companies with Area Served
4.2.2 Products Offerings Global Casting Resin Market
5 Recession Impact Analysis and Outlook Scenarios
5.1.1 Recission Impact Analysis
5.1.2 Market Growth Scenario- Base Case
5.1.3 Market Growth Scenario- Reference Case
5.1.4 Market Growth Scenario- High Case
6 Global Casting Resin Market Trends
6.1 Global Casting Resin Revenue (USD Million) and CAGR (%) by Type (2018-2032)
6.2 Global Casting Resin Revenue (USD Million) and CAGR (%) by Applications (2018-2032)
6.3 Global Casting Resin Revenue (USD Million) and CAGR (%) by regions (2018-2032)
7 Global Casting Resin Market Revenue (USD Million) by Type, and Applications (2018-2023)
7.1 Global Casting Resin Revenue (USD Million) by Type (2018-2023)
7.1.1 Global Casting Resin Revenue (USD Million), Market Share (%) by Type (2018-2023)
7.2 Global Casting Resin Revenue (USD Million) by Applications (2018-2023)
7.2.1 Global Casting Resin Revenue (USD Million), Market Share (%) by Applications (2018-2023)
8 Global Casting Resin Development Regional Status and Outlook
8.1 Global Casting Resin Revenue (USD Million) By Regions (2018-2023)
8.2 North America Casting Resin Revenue (USD Million) by Type, and Application (2018-2023)
8.2.1 North America Casting Resin Revenue (USD Million) by Country (2018-2023)
8.2.2 North America Casting Resin Revenue (USD Million) by Type (2018-2023)
8.2.3 North America Casting Resin Revenue (USD Million) by Applications (2018-2023)
8.3 Europe Casting Resin Revenue (USD Million), by Type, and Applications (USD Million) (2018-2023)
8.3.1 Europe Casting Resin Revenue (USD Million), by Country (2018-2023)
8.3.2 Europe Casting Resin Revenue (USD Million) by Type (2018-2023)
8.3.3 Europe Casting Resin Revenue (USD Million) by Applications (2018-2023)
8.4 Asia Pacific Casting Resin Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2023)
8.4.1 Asia Pacific Casting Resin Revenue (USD Million) by Country (2018-2023)
8.4.2 Asia Pacific Casting Resin Revenue (USD Million) by Type (2018-2023)
8.4.3 Asia Pacific Casting Resin Revenue (USD Million) by Applications (2018-2023)
8.5 South America Casting Resin Revenue (USD Million), by Type, and Applications (2018-2023)
8.5.1 South America Casting Resin Revenue (USD Million), by Country (2018-2023)
8.5.2 South America Casting Resin Revenue (USD Million) by Type (2018-2023)
8.5.3 South America Casting Resin Revenue (USD Million) by Applications (2018-2023)
8.6 Middle East and Africa Casting Resin Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2023)
8.6.1 Middle East and Africa Casting Resin Revenue (USD Million) by Country (2018-2023)
8.6.2 Middle East and Africa Casting Resin Revenue (USD Million) by Type (2018-2023)
8.6.3 Middle East and Africa Casting Resin Revenue (USD Million) by Applications (2018-2023)
9 Company Profiles
10 Global Casting Resin Market Revenue (USD Million), by Type, and Applications (2024-2032)
10.1 Global Casting Resin Revenue (USD Million) and Market Share (%) by Type (2024-2032)
10.1.1 Global Casting Resin Revenue (USD Million), and Market Share (%) by Type (2024-2032)
10.2 Global Casting Resin Revenue (USD Million) and Market Share (%) by Applications (2024-2032)
10.2.1 Global Casting Resin Revenue (USD Million), and Market Share (%) by Applications (2024-2032)
11 Global Casting Resin Development Regional Status and Outlook Forecast
11.1 Global Casting Resin Revenue (USD Million) By Regions (2024-2032)
11.2 North America Casting Resin Revenue (USD Million) by Type, and Applications (2024-2032)
11.2.1 North America Casting Resin Revenue (USD) Million by Country (2024-2032)
11.2.2 North America Casting Resin Revenue (USD Million), by Type (2024-2032)
11.2.3 North America Casting Resin Revenue (USD Million), Market Share (%) by Applications (2024-2032)
11.3 Europe Casting Resin Revenue (USD Million), by Type, and Applications (2024-2032)
11.3.1 Europe Casting Resin Revenue (USD Million), by Country (2024-2032)
11.3.2 Europe Casting Resin Revenue (USD Million), by Type (2024-2032)
11.3.3 Europe Casting Resin Revenue (USD Million), by Applications (2024-2032)
11.4 Asia Pacific Casting Resin Revenue (USD Million) by Type, and Applications (2024-2032)
11.4.1 Asia Pacific Casting Resin Revenue (USD Million), by Country (2024-2032)
11.4.2 Asia Pacific Casting Resin Revenue (USD Million), by Type (2024-2032)
11.4.3 Asia Pacific Casting Resin Revenue (USD Million), by Applications (2024-2032)
11.5 South America Casting Resin Revenue (USD Million), by Type, and Applications (2024-2032)
11.5.1 South America Casting Resin Revenue (USD Million), by Country (2024-2032)
11.5.2 South America Casting Resin Revenue (USD Million), by Type (2024-2032)
11.5.3 South America Casting Resin Revenue (USD Million), by Applications (2024-2032)
11.6 Middle East and Africa Casting Resin Revenue (USD Million), by Type, and Applications (2024-2032)
11.6.1 Middle East and Africa Casting Resin Revenue (USD Million), by region (2024-2032)
11.6.2 Middle East and Africa Casting Resin Revenue (USD Million), by Type (2024-2032)
11.6.3 Middle East and Africa Casting Resin Revenue (USD Million), by Applications (2024-2032)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Casting Resin Market Companies with Areas Served
Table 3 Products Offerings Global Casting Resin Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Casting Resin Revenue (USD Million) And CAGR (%) By Type (2018-2032)
Table 8 Global Casting Resin Revenue (USD Million) And CAGR (%) By Applications (2018-2032)
Table 9 Global Casting Resin Revenue (USD Million) And CAGR (%) By Regions (2018-2032)
Table 10 Global Casting Resin Revenue (USD Million) By Type (2018-2023)
Table 11 Global Casting Resin Revenue Market Share (%) By Type (2018-2023)
Table 12 Global Casting Resin Revenue (USD Million) By Applications (2018-2023)
Table 13 Global Casting Resin Revenue Market Share (%) By Applications (2018-2023)
Table 14 Global Casting Resin Market Revenue (USD Million) By Regions (2018-2023)
Table 15 Global Casting Resin Market Share (%) By Regions (2018-2023)
Table 16 North America Casting Resin Revenue (USD Million) By Country (2018-2023)
Table 17 North America Casting Resin Revenue (USD Million) By Type (2018-2023)
Table 18 North America Casting Resin Revenue (USD Million) By Applications (2018-2023)
Table 19 Europe Casting Resin Revenue (USD Million) By Country (2018-2023)
Table 20 Europe Casting Resin Revenue (USD Million) By Type (2018-2023)
Table 21 Europe Casting Resin Revenue (USD Million) By Applications (2018-2023)
Table 22 Asia Pacific Casting Resin Revenue (USD Million) By Country (2018-2023)
Table 23 Asia Pacific Casting Resin Revenue (USD Million) By Type (2018-2023)
Table 24 Asia Pacific Casting Resin Revenue (USD Million) By Applications (2018-2023)
Table 25 South America Casting Resin Revenue (USD Million) By Country (2018-2023)
Table 26 South America Casting Resin Revenue (USD Million) By Type (2018-2023)
Table 27 South America Casting Resin Revenue (USD Million) By Applications (2018-2023)
Table 28 Middle East and Africa Casting Resin Revenue (USD Million) By Region (2018-2023)
Table 29 Middle East and Africa Casting Resin Revenue (USD Million) By Type (2018-2023)
Table 30 Middle East and Africa Casting Resin Revenue (USD Million) By Applications (2018-2023)
Table 31 Financial Analysis
Table 32 Global Casting Resin Revenue (USD Million) By Type (2024-2032)
Table 33 Global Casting Resin Revenue Market Share (%) By Type (2024-2032)
Table 34 Global Casting Resin Revenue (USD Million) By Applications (2024-2032)
Table 35 Global Casting Resin Revenue Market Share (%) By Applications (2024-2032)
Table 36 Global Casting Resin Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2032)
Table 37 North America Casting Resin Revenue (USD)By Country (2024-2032)
Table 38 North America Casting Resin Revenue (USD Million) By Type (2024-2032)
Table 39 North America Casting Resin Revenue (USD Million) By Applications (2024-2032)
Table 40 Europe Casting Resin Revenue (USD Million) By Country (2024-2032)
Table 41 Europe Casting Resin Revenue (USD Million) By Type (2024-2032)
Table 42 Europe Casting Resin Revenue (USD Million) By Applications (2024-2032)
Table 43 Asia Pacific Casting Resin Revenue (USD Million) By Country (2024-2032)
Table 44 Asia Pacific Casting Resin Revenue (USD Million) By Type (2024-2032)
Table 45 Asia Pacific Casting Resin Revenue (USD Million) By Applications (2024-2032)
Table 46 South America Casting Resin Revenue (USD Million) By Country (2024-2032)
Table 47 South America Casting Resin Revenue (USD Million) By Type (2024-2032)
Table 48 South America Casting Resin Revenue (USD Million) By Applications (2024-2032)
Table 49 Middle East and Africa Casting Resin Revenue (USD Million) By Region (2024-2032)
Table 50 Middle East and Africa Casting Resin Revenue (USD Million) By Region (2024-2032)
Table 51 Middle East and Africa Casting Resin Revenue (USD Million) By Type (2024-2032)
Table 52 Middle East and Africa Casting Resin Revenue (USD Million) By Applications (2024-2032)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Casting Resin Revenue (USD Million) By Type (2018-2023)
Figure 4 Global Casting Resin Revenue Market Share (%) By Type (2023)
Figure 5 Global Casting Resin Revenue (USD Million) By Applications (2018-2023)
Figure 6 Global Casting Resin Revenue Market Share (%) By Applications (2023)
Figure 7 Global Casting Resin Market Revenue (USD Million) By Regions (2018-2023)
Figure 8 Global Casting Resin Market Share (%) By Regions (2023)
Figure 9 North America Casting Resin Revenue (USD Million) By Country (2018-2023)
Figure 10 North America Casting Resin Revenue (USD Million) By Type (2018-2023)
Figure 11 North America Casting Resin Revenue (USD Million) By Applications (2018-2023)
Figure 12 Europe Casting Resin Revenue (USD Million) By Country (2018-2023)
Figure 13 Europe Casting Resin Revenue (USD Million) By Type (2018-2023)
Figure 14 Europe Casting Resin Revenue (USD Million) By Applications (2018-2023)
Figure 15 Asia Pacific Casting Resin Revenue (USD Million) By Country (2018-2023)
Figure 16 Asia Pacific Casting Resin Revenue (USD Million) By Type (2018-2023)
Figure 17 Asia Pacific Casting Resin Revenue (USD Million) By Applications (2018-2023)
Figure 18 South America Casting Resin Revenue (USD Million) By Country (2018-2023)
Figure 19 South America Casting Resin Revenue (USD Million) By Type (2018-2023)
Figure 20 South America Casting Resin Revenue (USD Million) By Applications (2018-2023)
Figure 21 Middle East and Africa Casting Resin Revenue (USD Million) By Region (2018-2023)
Figure 22 Middle East and Africa Casting Resin Revenue (USD Million) By Type (2018-2023)
Figure 23 Middle East and Africa Casting Resin Revenue (USD Million) By Applications (2018-2023)
Figure 24 Global Casting Resin Revenue (USD Million) By Type (2024-2032)
Figure 25 Global Casting Resin Revenue Market Share (%) By Type (2030)
Figure 26 Global Casting Resin Revenue (USD Million) By Applications (2024-2032)
Figure 27 Global Casting Resin Revenue Market Share (%) By Applications (2030)
Figure 28 Global Casting Resin Market Revenue (USD Million) By Regions (2024-2032)
Figure 29 North America Casting Resin Revenue (USD Million) By Country (2024-2032)
Figure 30 North America Casting Resin Revenue (USD Million) By Type (2024-2032)
Figure 31 North America Casting Resin Revenue (USD Million) By Applications (2024-2032)
Figure 32 Europe Casting Resin Revenue (USD Million) By Country (2024-2032)
Figure 33 Europe Casting Resin Revenue (USD Million) By Type (2024-2032)
Figure 34 Europe Casting Resin Revenue (USD Million) By Applications (2024-2032)
Figure 35 Asia Pacific Casting Resin Revenue (USD Million) By Country (2024-2032)
Figure 36 Asia Pacific Casting Resin Revenue (USD Million) By Type (2024-2032)
Figure 37 Asia Pacific Casting Resin Revenue (USD Million) By Applications (2024-2032)
Figure 38 South America Casting Resin Revenue (USD Million) By Country (2024-2032)
Figure 39 South America Casting Resin Revenue (USD Million) By Type (2024-2032)
Figure 40 South America Casting Resin Revenue (USD Million) By Applications (2024-2032)
Figure 41 Middle East and Africa Casting Resin Revenue (USD Million) By Region (2024-2032)
Figure 42 Middle East and Africa Casting Resin Revenue (USD Million) By Region (2024-2032)
Figure 43 Middle East and Africa Casting Resin Revenue (USD Million) By Type (2024-2032)
Figure 44 Middle East and Africa Casting Resin Revenue (USD Million) By Applications (2024-2032)
Figure 45 Bottom-Up and Top-Down Approaches for This Report
Figure 46 Data Triangulation
By Type
By End-User
By Region