The global demand for Coating Resins Market is presumed to reach the market size of nearly USD 89.52 MN by 2030 from USD 47.4 BN in 2022 with a CAGR of 7.32% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Tons in 2022 and forecast to touch XX Tons by 2030 with a CAGR of XX% during 2023-2030.
Coating resins are polymer compounds essential for the manufacturing of coatings and paints. These cutting-edge materials are applied to the surface of an object. The process helps provide resistance against corrosion, hardness, weather, and stain. The compound is popular as a protective coating due to its short drying times, minimal maintenance, and superior weathering. It has numerous applications, such as architectural, automotive, construction, mechanical, marine, wood, paper and pulp coatings, wood, and other industrial uses.
Market Dynamics
The major factors propelling the Coating Resins Market forward are technological advancements in powder coating technology and the increasing use of liquid. Further, the high demand for bio-based Epoxy Resin is one of the important growth drivers of the market. Factors limiting the usage of coating resins include variable decreasing petrochemical stocks and raw material prices. These factors hinder the market growth. Moreover, the market players will also face the challenge of cutting costs to remain competitive. Regardless, investments in emerging markets would provide sufficient opportunities to sustain businesses.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of coating resins. The growth and trends of Coating Resins Industry provide a holistic approach to this study.
Market Segmentation
This section of the coating resins market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Acrylic
- Polyurethane
- Alkyd
- Epoxy
- Vinyl
- Amino
- Polyester
- Others
By Technology
- Water-Based
- Solvent-Based
- High Solids
- Uv-Cured
- Other
By Application
- Architectural Coatings
- Industrial Coatings
- Automotive Coatings
- Wood Coatings
- Protective & Marine Coatings
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Coating Resins market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Coating Resins Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the coating resins market include Allnex Holdings S.à r.l., BASF SE, LANXESS, Royal DSM N.V., DowDuPont Inc, DIC Corporation, Bayer AG, Celanese Corporation, Arkema S.A., Solutia Inc., INEOS Group Holdings S.A., Huntsman International LLC., Evonik Industries AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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