Casting Resin Market
By Type;
Polyurethane, Epoxy, and Unsaturated PolyesterBy Cure Type;
Self-Curing and Heat-CuringBy Formulation;
Clear Casting Resins and Colored Casting ResinsBy End-User;
Art & Craft, Construction, Automotive, and ElectronicsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Casting Resin Market Overview
Casting Resin Market (USD Million)
Casting Resin Market was valued at USD 2,168.76 million in the year 2024. The size of this market is expected to increase to USD 3,261.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.
Casting Resin Market
*Market size in USD million
CAGR 6.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 6.0 % |
Market Size (2024) | USD 2,168.76 Million |
Market Size (2031) | USD 3,261.01 Million |
Market Concentration | Medium |
Report Pages | 314 |
Major Players
- Covestro
- Hexion
- Huntsman International
- Polytek Development
- Resoltech
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Casting Resin Market
Fragmented - Highly competitive market without dominant players
The Casting Resin Market is growing consistently with rising demand for strong, versatile, and customizable materials. More than 35% of applications in creative, industrial, and functional areas now use casting resins because of their strength, clarity, and ability to mold into complex forms.
High Adoption in Decorative Products
Over 40% of demand comes from art, crafts, and jewelry making, where casting resins enhance appearance, color consistency, and detailing. Their suitability for unique designs is boosting popularity in consumer-focused applications.
Use in Industrial and Prototyping Solutions
Around 45% of casting resin usage is tied to manufacturing and prototyping, where it provides structural reliability and precision. Its effectiveness in producing detailed models underscores its value in industrial innovation.
Applications in Construction and Coatings
Nearly 50% of consumption is linked to flooring, construction, and protective coatings, where durability and impact resistance are essential. Casting resins add both performance and visual appeal, making them highly versatile in structural environments.
Positive Growth Outlook
The casting resin market shows strong potential, with more than 55% of R&D focused on enhancing properties and expanding applications. Its adaptability ensures it remains a critical material for industries seeking high-performance and sustainable solutions.
Casting Resin Market Recent Developments
-
In October 2023, ASK Chemicals, a supplier of high-performance resins and a world leader in chemical solutions for the casting industry, introduced its new line of industrial resins under the RELIANCE brand.
-
In May 2023, Kukdo Chemical Co., Ltd., with production facilities in China and South Korea, and Faber&VanderEnde GmbH have announced a new distribution agreement.
Casting Resin Market Segment Analysis
In this report, the Casting Resin Market has been segmented by Type,Cure Type,Formulation,End-Use End-User and Geography.
Casting Resin Market, Segmentation by Type
The Casting Resin Market has been segmented by Type into Polyurethane, Epoxy and Unsaturated Polyester.
Polyurethane
The polyurethane segment leads the casting resin market, capturing close to 40% share, supported by its high wear resistance, flexibility, and rapid curing properties. Industries such as automotive, building materials, and consumer goods increasingly adopt polyurethane for durable and reliable product applications
Epoxy
The epoxy resin category accounts for nearly 35% of the market and is favored for its exceptional adhesion, chemical resistance, and electrical insulation performance. Its widespread use in electronics, protective coatings, and advanced composites highlights its role in applications where strength and precision are crucial
Unsaturated Polyester
Unsaturated polyester holds roughly 25% share of the casting resin market, driven by its cost-effectiveness and adaptability. It is widely utilized in marine, transportation, and construction sectors, especially for fiberglass-reinforced products that demand both durability and economic efficiency
Casting Resin Market, Segmentation by Cure Type
The Casting Resin Market has been segmented by Cure Type intoSelf-Curing and Heat-Curing.
Self-Curing
The self-curing segment dominates with about 55% share, largely due to its ease of use and cost-effectiveness. Since it eliminates the need for additional heating equipment, this type is highly preferred in construction materials, automotive parts, and consumer goods. Faster curing time and energy savings continue to strengthen its position in the global casting resin market
Heat-Curing
The heat-curing category represents nearly 45% of the market, driven by demand for greater mechanical strength and superior thermal resistance. Industries such as aerospace, electronics, and heavy industrial manufacturing rely heavily on heat-curing resins for long-lasting and high-performance applications. Their ability to withstand extreme environments makes them indispensable in specialized sectors
Casting Resin Market, Segmentation by Formulation
The Casting Resin Market has been segmented by Formulation into Clear Casting Resins and Colored Casting Resins.
Clear Casting Resins
The clear cabsting resin segment leads with close to 60% share, largely due to its crystal-like transparency and high durability. These resins are widely applied in art, jewelry, decorative pieces, and industrial prototypes, where visual clarity enhances product value. Their ability to deliver glass-like finishes with excellent strength continues to drive their dominance in the global market
Colored Casting Resins
The colored casting resin segment holds around 40% share, supported by its design flexibility and vibrant aesthetics. Industries such as furniture, crafts, automotive, and construction increasingly adopt colored formulations to combine visual appeal with functionality. Rising demand for customized, aesthetic-driven solutions further fuels the expansion of this market category
Casting Resin Market, Segmentation by End-User
The Casting Resin Market has been segmented by End-User into Art and Craft, Construction, Automotive and Electronics.
Art and Craft
The art and craft segment makes up about 30% of the casting resin market, supported by growing demand for decorative items, jewelry, sculptures, and DIY projects. Clear casting resins, in particular, are favored for their transparency and durability, enabling artists and hobbyists to achieve premium-quality finishes. Rising consumer interest in customized and handmade products continues to fuel this segment’s expansion
Construction
The construction industry represents close to 25% of the market, where resins are used in flooring, coatings, countertops, and composites. Their strength, weather resistance, and cost-effectiveness make them a reliable material in modern architectural designs. Increasing urban development and infrastructure projects are further boosting demand for casting resins in this sector
Automotive
The automotive segment holds nearly 25% share, with casting resins applied in interior components, decorative trims, prototypes, and lightweight composites. Their durability, flexibility, and reduced weight make them crucial in improving efficiency and aesthetics in vehicles. Growing innovation in automotive design continues to drive this market forward
Electronics
The electronics sector accounts for approximately 20% of the market, where casting resins play a vital role in encapsulation, insulation, and protective applications. With properties such as electrical resistance and thermal stability, they ensure the safety and reliability of sensitive electronic devices. Expanding demand in consumer electronics and industrial equipment strongly supports this segment’s growth
Casting Resin Market, Segmentation by Geography
In this report, the Casting Resin Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
The North American market contributes close to 30% share, driven by widespread use of casting resins in construction, automotive, and electronics industries. The U.S. remains the largest consumer due to advanced manufacturing technologies and higher adoption of innovative formulations. Ongoing infrastructure upgrades continue to accelerate market growth in the region
Europe
Europe captures about 25% of the casting resin market, supported by strong demand in construction, decorative, and automotive sectors. Countries like Germany, France, and the U.K. lead adoption, with sustainability goals pushing industries toward eco-friendly resin formulations. Regulatory frameworks focused on environmental safety further encourage innovation
Asia Pacific
With an estimated 35% market share, Asia Pacific is the largest and fastest-growing region for casting resins. Expansion is driven by rapid industrialization in China, India, and Japan, alongside strong growth in consumer goods, automotive, and electronics. Low-cost manufacturing and increasing urban infrastructure projects provide additional momentum
Middle East and Africa
The Middle East and Africa region represents around 5% of the market, fueled by ongoing construction and infrastructure projects, especially in Gulf economies. Growing applications in automotive and industrial manufacturing add to the demand. However, overall adoption remains comparatively lower due to limited large-scale production facilities
Latin America
Latin America contributes nearly 5% share, with Brazil and Mexico dominating consumption. The market benefits from growth in automotive, housing, and decorative uses, supported by rising urbanization and industrial expansion. Gradual economic recovery and investment inflows are expected to further enhance demand for casting resins in the region
Casting Resin Market Share (%), by Geographical Region
North America
The North American market contributes close to 30% share, driven by widespread use of casting resins in construction, automotive, and electronics industries. The U.S. remains the largest consumer due to advanced manufacturing technologies and higher adoption of innovative formulations. Ongoing infrastructure upgrades continue to accelerate market growth in the region
Europe
Europe captures about 25% of the casting resin market, supported by strong demand in construction, decorative, and automotive sectors. Countries like Germany, France, and the U.K. lead adoption, with sustainability goals pushing industries toward eco-friendly resin formulations. Regulatory frameworks focused on environmental safety further encourage innovation
Asia Pacific
With an estimated 35% market share, Asia Pacific is the largest and fastest-growing region for casting resins. Expansion is driven by rapid industrialization in China, India, and Japan, alongside strong growth in consumer goods, automotive, and electronics. Low-cost manufacturing and increasing urban infrastructure projects provide additional momentum
Middle East and Africa
The Middle East and Africa region represents around 5% of the market, fueled by ongoing construction and infrastructure projects, especially in Gulf economies. Growing applications in automotive and industrial manufacturing add to the demand. However, overall adoption remains comparatively lower due to limited large-scale production facilities
Latin America
Latin America contributes nearly 5% share, with Brazil and Mexico dominating consumption. The market benefits from growth in automotive, housing, and decorative uses, supported by rising urbanization and industrial expansion. Gradual economic recovery and investment inflows are expected to further enhance demand for casting resins in the region
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Casting Resin Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Industrial Growth
- Technological Advancements
- High-Performance Materials
-
Infrastructure Development - Infrastructure development plays a crucial role in driving the growth of the global casting resin market. As countries invest in building and upgrading infrastructure, the demand for durable and high-performance materials, including casting resins, increases significantly.
In addition to new construction projects, infrastructure development also includes the renovation and maintenance of existing structures. As aging infrastructure requires repair and reinforcement, casting resins are used to enhance the strength and longevity of various components.
The emphasis on sustainable and innovative construction practices in infrastructure development presents additional opportunities for the casting resin market. Governments and industries are increasingly adopting eco-friendly materials and technologies to reduce environmental impact and improve efficiency. As a result, there is a growing interest in resins that offer not only high performance but also sustainability benefits, such as low emissions and recyclability.
Restraints
- Raw Material Costs
- Environmental Regulations
- Health and Safety Concerns
-
Market Saturation - Market saturation refers to the point at which a market becomes fully served with the available products or services, leading to a slowdown in growth and increased competition. In the context of the global casting resin market, saturation occurs when the demand for casting resins stabilizes due to the widespread adoption of these materials across various industries.
Saturation in the casting resin market can be attributed to several factors. The widespread use of standard resin types, such as epoxy, polyurethane, and unsaturated polyester, across multiple applications can lead to a situation where the market is dominated by a few major players, making it challenging for new entrants to gain a foothold.
To navigate market saturation, companies often seek to differentiate themselves through product innovation, enhanced performance, and specialized applications. This may involve developing new resin formulations with unique properties or targeting niche markets that require specific resin types.
Opportunities
- Emerging Markets
- Innovative Applications
- Eco-Friendly Resins
-
Customization Trends - Customization trends are significantly influencing the global casting resin market, driven by the growing demand for tailored solutions that meet specific industry needs and preferences. In various sectors, such as automotive, aerospace, and consumer goods, there is an increasing emphasis on bespoke resin formulations that offer unique performance characteristics.
One of the key drivers of customization trends is the need for high-performance materials that can cater to specialized applications. For instance, in the aerospace industry, casting resins may be customized to meet stringent safety and performance standards, while in the automotive sector, resins might be designed for improved durability and lightweight characteristics.
Additionally, customization trends are also influenced by advancements in manufacturing technologies and increased capabilities for precise formulation and processing. Innovations such as 3D printing and advanced mixing techniques enable more accurate and flexible production of customized resins.
Competitive Landscape Analysis
Key players in Global Casting Resin Market include;
- Covestro
- Hexion
- Huntsman International
- Polytek Development
- Resoltech
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Cure Type
- Market Snapshot, By Formulation
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Casting Resin Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Industrial Growth
- Technological Advancements
- High-Performance Materials
- Infrastructure Development
- Restraints
- Raw Material Costs
- Environmental Regulations
- Health and Safety Concerns
- Market Saturation
- Opportunities
- Emerging Markets
- Innovative Applications
- Eco-Friendly Resins
- Customization Trends
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Casting Resin Market, By Type, 2021 - 2031 (USD Million)
- Polyurethane
- Epoxy
- Unsaturated Polyester
-
Casting Resin Market, By Cure Type, 2021 - 2031 (USD Million)
- Self-Curing
- Heat-Curing
-
Casting Resin Market, By Formulation, 2021 - 2031 (USD Million)
-
Clear Casting Resins
-
Colored Casting Resins
-
- Casting Resin Market, By End-User, 2021 - 2031 (USD Million)
- Art & Craft
- Construction
- Automotive
- Electronics
- Casting Resin Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Casting Resin Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Covestro
- Hexion
- Huntsman International
- Polytek Development
- Resoltech
- Company Profiles
- Analyst Views
- Future Outlook of the Market