China Coating Resins Market: By Type; By Formulation; By Application - Forecast 2017-2021

Coating resins are synthetic resins which are viscous and are used to develop tough, polished, durable and aesthetically beautiful surfaces. They act as protective layers for a variety of surfaces to impart resistance from corrosion, weather, stain and hardness. Coating resins are applied on wooden floors, decks, concrete porches, garages and metal surfaces. Additionally, they are applied on machinery, automotive, marine industry. The major driver for this industry is the demand from end user industries. The main factors owing to the growth of this industry include an upsurge in the building and construction, furniture and automotive industries. Another important reason for the rise in coating resins industry is the property of protection of industrial metals from corrosion. New resins are being invented for this purpose. There are different technologies and materials being used for achieving this purpose. Moreover it has various advantages such as enhancing quality of coating, providing water resistance, corrosion resistance, heat resistance and abrasion resistance.

Coating resins are special substances involved in the preparation of coating at low level that enhances the quality, performance, and functionality of coatings. They have usage in wide spectrum of end users such as automotive coating, industrial coatings, marine coatings, wood coatings and more owing to their dominant applications. The Chinese Coating resin market is set to grow with a good pace in the coming years. The China coating resins market has been segmented with respect to various types of resins commercially available. Additionally, this market has also been segmented to the form in which coating resins exist such as water based, solvent based and powder based as well as their applications.

Based on the types of resins commercially available, the coating resins market has been segmented into acrylic resins, alkyd resins, amino resins, epoxy resins, formaldehyde resins, polyurethane resins, saturated polyester resins, unsaturated polyester resins and others. Each type varies greatly and the composition is different with different technical specifications. While there are various coating resins available in the industry, the classification of fluids based on the formulation of coatings is done into the following classes; powder, solvent, water and others. Coating resins have a wide spectrum of application in automotive, aviation, architecture, marine and other type of coatings. Each of the segmentations in the report has been studied to give comprehensive analysis of China coating resins market.

The economic growth in developing countries like China, coupled with growing end user industry is the major driver for the coating resins market to grow. China occupies a major share on the global scale, owing to the growing construction and automotive industry which is likely to drive the Chinese coating resins market. Automotive is one of the vital application segments escalating the growth of this market. Additionally, resins for marine coatings are also widely consumed and are also set to boost the demand of coating resins over the foreseeable period.

China will experience strong growth in the upcoming years. Recently, with the increasing emphasis on environmental sustainability and reducing the operational costs, end-product manufacturers have preferred this process. Moreover, the demand for environmentally friendly products is likely to boost this segment further in the overall market.

Each of the segmentations in the report has been studied to give comprehensive analysis of the China coating resins market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.

Competitive landscape for each of the functions performed and form of existence of coating resins are highlighted and key market players are profiled with attributes of business overview, financials, business strategies, product portfolio and recent developments pertaining to coating resins. Market shares of the key players for 2016 are also provided.

Sample companies profiled in this report are:
BASF SE
The Dow Chemical Company
Evonik Industries
Arkema SA
Nippon Paints
Allnex Belgium SA/NV
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The report encompasses the most detailed and in-depth segmentation as well as analysis of the coating resins market during the period of 2017 – 2021.