Quick Summary:
In the ever-evolving global marketplace, the demand for durable, aesthetically appealing and multi-purpose coatings has skyrocketed. The rapidly expanding industries such as construction, automotive, aerospace and more are seeing an increased usage of coating resins to enhance their product performance and longevity. At the forefront of these industries, the global coating resins market is demonstrating promising growth due to its diverse application portfolio and constant innovation.
This market research report provides key insights into the coating resins market trends and the driving forces of its growth. Gain competitive edge with our in-depth analysis on market segmentation by type, technology and application. The report also sheds light on region-specific market performance and the competitive landscape, featuring profiles of top industry players. Leveraging these insights can help businesses navigate through market challenges and seize the untapped opportunities. Capture the upcoming market trends with us, and shape your business strategies to stay ahead in the global coating resins market.
The global coating resins market size reached US$ 38.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 49.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Coating resins are applied on the surface of different objects to achieve hardness and durability and abrasion, impact and chemical resistance. They have high ductility, water repellency, elegant and captivating aesthetic, quick cleaning capabilities, and no strong or unpleasant odors. They assist in updating vintage furniture and furnishing items, such as pellet stoves and fireplaces. At present, coating resins are used to extend the life of concrete floors in industrial facilities, warehouses, and logistic centers. They also find extensive applications in automotive, construction, and aerospace industries across the globe.
Coating resins are applied on the surface of different objects to achieve hardness and durability and abrasion, impact and chemical resistance. They have high ductility, water repellency, elegant and captivating aesthetic, quick cleaning capabilities, and no strong or unpleasant odors. They assist in updating vintage furniture and furnishing items, such as pellet stoves and fireplaces. At present, coating resins are used to extend the life of concrete floors in industrial facilities, warehouses, and logistic centers. They also find extensive applications in automotive, construction, and aerospace industries across the globe.
Coating Resins Market Trends:
At present, there is a rise in the demand for architectural coatings due to increasing residential and commercial constructions around the world. This, along with the growing utilization of roadway markings, such as zebra crossing and lane changing for the safety of the masses, represents one of the key factors driving the market. In addition, there is an increase in the employment of coating resins to protect wooden structures from pests and humid conditions. This, coupled with the escalating demand for these resins in passenger cars and light and heavy-duty commercial vehicles to achieve mechanical strength, adhesion to metals, and heat resistance, is propelling the growth of the market. Apart from this, the growing use of coating resins in electrical wires to provide electrical insulation is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce green coating resins to develop environment-friendly products. They are also focusing on introducing water-based alkyd technologies. These innovations are projected to bolster the growth of the market in the coming years.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global coating resins market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, technology and application.Breakup by Type:
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
- Vinyl
- Polyester
- Others
Breakup by Technology:
- Water-based Coatings
- Solvent-borne Coatings
- Powder Coatings
- Others
Breakup by Application:
- Architectural
- Industrial
- Protective and Marine
- Automotive OEM
- Vehicle Refinish
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allnex (PTT Global Chemical Public Company Limited), Arkema S.A., BASF SE, Covestro AG, Dow Inc., Evonik Industries AG, Hexion Inc., Huntsman Corporation, Mitsubishi Chemical Holdings Corporation, Polynt S.p.A. and The Sherwin-Williams Company.Key Questions Answered in This Report:
- How has the global coating resins market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global coating resins market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global coating resins market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Coating Resins Market
What is the estimated value of the Global Coating Resins Market?
What is the growth rate of the Global Coating Resins Market?
What is the forecasted size of the Global Coating Resins Market?
Who are the key companies in the Global Coating Resins Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 38.8 Billion |
| Forecasted Market Value ( USD | $ 49.8 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Coating Resins Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Tables
List of Tables
Companies Mentioned
- Allnex (PTT Global Chemical Public Company Limited)
- Arkema S.A.
- BASF SE
- Covestro AG
- Dow Inc.
- Evonik Industries AG
- Hexion Inc.
- Huntsman Corporation
- Mitsubishi Chemical Holdings Corporation
- Polynt S.p.A.
- The Sherwin-Williams
Methodology
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