Published by Wanda Rich
Posted on October 12, 2021
The global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901 million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The acrylic segment accounted for more than 22% share of the global coating resins market in 2017.
Coating resins are organic compounds used for decorative and industrial coating to protect surface from extreme environmental conditions coupled with properties such as high durability, adhesion, corrosion resistance, and wear resistance. These coatings are extensively used in furniture, automotive, marine, and protective applications. In recent years, the market has seen the development of novel industrial bio-based coatings in standalone facilities. With this trend, the global coating resin market is expected to grow with a notable CAGR during the forecast period.
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Based on resin type, the market is segmented into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. The saturated polyester resins segment is projected to be the most lucrative segment during the forecast owing to its balance properties which include mechanical and chemical. Furthermore, it has better dimensional stability and ease of handling or processing.
Based on technology, the market is divided into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. The radiation cured coating resin segment is projected to be the most lucrative segment during the forecast owing to lower volume of VOCs content. Furthermore, radiation cured coating resins are used to manufacture scratch, impact, abrasion, chemical, and mechanical resistance coatings.
Based on application, the market is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others. The architectural segment is estimated to grow at the highest CAGR during the forecast period owing to the increase in the demand for architectural coating owing to the growth of the housing market.
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Key Findings of the Coating Resins Market:
In 2017, Asia-Pacific and Europe collectively accounted for more than 79% of the global coating resins industry, in terms of value. These is due to the rapid economic development and growth of construction projects in Asia-Pacific. Furthermore, European Union economy experiences significant growth since the euro crisis due to the increase in tourism, growth in employment, promotion of fair trade policies with minimal tariff, rise in industrialization & urbanization, and others.
The key players operating in the market include Bayer AG, Royal DSM, The Sherwin-Williams Company (The Valspar Corporation) and Polynt SpA. Other prominent players include Allnex Belgium SA/Nv, Arkema S.A., BASF SE, Momentive Specialty Chemicals, Inc., The DOW Chemical Company, and Evonik Industries AG.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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The global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901 million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The acrylic segment accounted for more than 22% share of the global coating resins market in 2017.
Coating resins are organic compounds used for decorative and industrial coating to protect surface from extreme environmental conditions coupled with properties such as high durability, adhesion, corrosion resistance, and wear resistance. These coatings are extensively used in furniture, automotive, marine, and protective applications. In recent years, the market has seen the development of novel industrial bio-based coatings in standalone facilities. With this trend, the global coating resin market is expected to grow with a notable CAGR during the forecast period.
Download Free PDF Sample Report (Including COVID-19 effect Analysis) @ https://www.alliedmarketresearch.com/request-sample/4696
Based on resin type, the market is segmented into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. The saturated polyester resins segment is projected to be the most lucrative segment during the forecast owing to its balance properties which include mechanical and chemical. Furthermore, it has better dimensional stability and ease of handling or processing.
Based on technology, the market is divided into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. The radiation cured coating resin segment is projected to be the most lucrative segment during the forecast owing to lower volume of VOCs content. Furthermore, radiation cured coating resins are used to manufacture scratch, impact, abrasion, chemical, and mechanical resistance coatings.
Based on application, the market is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others. The architectural segment is estimated to grow at the highest CAGR during the forecast period owing to the increase in the demand for architectural coating owing to the growth of the housing market.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/4696
Key Findings of the Coating Resins Market:
In 2017, Asia-Pacific and Europe collectively accounted for more than 79% of the global coating resins industry, in terms of value. These is due to the rapid economic development and growth of construction projects in Asia-Pacific. Furthermore, European Union economy experiences significant growth since the euro crisis due to the increase in tourism, growth in employment, promotion of fair trade policies with minimal tariff, rise in industrialization & urbanization, and others.
The key players operating in the market include Bayer AG, Royal DSM, The Sherwin-Williams Company (The Valspar Corporation) and Polynt SpA. Other prominent players include Allnex Belgium SA/Nv, Arkema S.A., BASF SE, Momentive Specialty Chemicals, Inc., The DOW Chemical Company, and Evonik Industries AG.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/coatings-resins-market/purchase-options
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
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