Introduction, Uses & Market Size

Resins are organic compounds—either naturally derived or synthetically produced—that can be molded or hardened into durable solid forms. Over time, most industrial resins have moved from natural sources (e.g. plant exudates) to synthetic polymer resins. They play critical roles as binders, adhesives, coatings, composites matrices, laminates, thermoset and thermoplastic components, and in molding/casting applications.

The global resin market is very large and growing. In 2024, the market was estimated at around USD 593.94 billion, and it is forecast to reach USD 875.41 billion by 2032, growing at ~5.0 % CAGR. Specialty resin segments and downstream applications (coatings, composites, advanced materials) contribute further growth.

Types of Resins / Resin Families

Here are some of the major resin types commonly used in industry (synthetic ones):

• Epoxy Resins

• Polyester Resins

• Polyurethane Resins

• Acrylic Resins

• Phenolic Resins (Phenol–Formaldehyde, Novolac / Resol)

• Amino Resins (Urea–Formaldehyde, Melamine–Formaldehyde)

• Polyimide / High-performance resins

• Unsaturated Polyester (with crosslinking)

• Thermoplastic resins (e.g. polyolefins, polyesters, polyamides)

• Silicone Resins / Silicone Polymers