Coating resins are resin covering applied on the surface to achieve hardness, corrosion resistance, weather resistance, and stain resistance. Resins offer quick drying times, gloss retention, and superior weathering to coatings. Surge in demand for green and eco-friendly coating across the world drive the growth of the global coating resins market. There is an increase in the demand for low VOC coating products owing to the stringent regulation development for low VOCs emission in the developing countries. This boosts the growth of the market. Furthermore, rise in demand for coating in automotive and furniture industry is anticipated to boost the global coatings resins market during the forecast period. However, fluctuation in the raw material prices restrict the market growth. Conversely, the development of bio-based coatings are anticipated to offer new opportunities for the key players.
Based on resin type, the market is divided into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. Based on technology, the market is categorized into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. Based on application, the market is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Technology
By Application
By Region
?Canada
?Mexico
?Germany
?France
?Spain
?Italy
?Rest of Europe
?India
?Japan
?Vietnam
?Australia
?Rest of Asia-Pacific
?Argentina
?South Africa
?Turkey
?Rest of LAMEA
Based on resin type, the market is divided into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. Based on technology, the market is categorized into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. Based on application, the market is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
KEY BENEFITS FOR STAKEHOLDERS
- Porters Five Force's analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the coatings resins market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
- Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.
- An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors.
- The key drivers, restrains, and opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of the key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
- Vinyl
- Unsaturated Polyester Resin
- Saturated Polyester Resin
- Others
By Technology
- Waterborne
- Solvent Borne
- High Solid
- Powder Coating
- Radiation Cured
By Application
- Architectural
- Industrial
- Protective & Marine
- Automotive OEM
- Vehicle Refinish
- Others
By Region
- North America ?U.S.
?Canada
?Mexico
- Europe ?UK
?Germany
?France
?Spain
?Italy
?Rest of Europe
- Asia-Pacific ?China
?India
?Japan
?Vietnam
?Australia
?Rest of Asia-Pacific
- LAMEA ?Brazil
?Argentina
?South Africa
?Turkey
?Rest of LAMEA
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COATING RESIN MARKET, BY TYPE
CHAPTER 5: GLOBAL COATING RESINS MARKET, BY TECHNOLOGY
CHAPTER 6: GLOBAL COATING RESIN MARKET, BY APPLICATION
CHAPTER 7: GLOBAL COATING RESINS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to a new report, titled, Coating Resins Market by Type, Technology and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901million 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.
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 dimensiol 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.
Key Findings of the Coating Resins Market:
The radiation cured coating resins segment is expected to grow at a significant CAGR of 6.30%, in terms of value, from 2018 to 2025.
The alkyd segment is projected to grow at a CAGR of 5.50%, in terms of value.
The coating resins market in Asia-Pacific is expected to grow at the highest CAGR of 5.80%, in terms of value.
The Europe coating resins market accounted for more than 43% share in 2017.
U.S. accounted for more than 57% of the North America market in 2017.
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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
