Coating Resins Market 2021-2027

Global Coating Resins Market Size, Share & Trends Analysis Report by Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Vinyl, Polyurethane, and Others), By Formulating Technology (Water-Borne Coatings, Solvent-Borne Coatings, Powder Coatings, and Others), By End-Use Industry (Building & Construction, Transportation, Packaging, Consumer Goods, and Others) Forecast, 2021-2027

The global coating resins market is projected to grow at a CAGR of 3.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes an increased demand from various end-use industries such as building & construction, transportation, packaging, consumer goods, and others. Increased investments in building and infrastructural constructional activities, increased residential construction and renovations owing to rapid urbanization, and growth in demand for paints and coatings in the construction sector are among some of the key aspects that contribute to the growth of the market during the forecast period.

The global coating resins market is segmented on the basis of resin type, formulating technology, and end-use industry. Based on the resin type, the market is segmented as acrylic, epoxy, polyester, alkyd, vinyl, polyurethane, and others. The acrylic segment of the market is projected to hold the most significant share in the market during the forecast period. Based on the formulating technology, the market is segmented as water-borne coatings, solvent-borne coatings, powder coatings, and others. The water-borne coating segment of the market is projected to hold the most significant share in the market during the forecast period.

Based on the end-use industry, the market is segmented as building & construction, transportation, packaging, consumer goods, and others. The building & construction segment of the market is projected to hold the most significant share in the market during the forecast period. Whereas, the global coating resins market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the coating resins market in the region. 

Further, Arkema SA, BASF SE, Bayer AG, Covestro AG, Eastman Chemical Co., Evonik Industries AG, Huntsman International LLC, Mitsubishi Chemical Corp., Royal DSM NV, The Dow Chemical Co., and Toray Industries Inc. among others are some of the prominent players functioning in the global coating resins market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the global coating resins market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Coating Resins Market Research and Analysis by Resin Type
2. Global Coating Resins Market Research and Analysis by Formulating Technology
3. Global Coating Resins Market Research and Analysis by End-Use Industry

The Report Covers

• Comprehensive research methodology of the global coating resins market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global coating resins market.
• Insights about market determinants which are stimulating the global coating resins market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.