High performance coatings , automotive, and wood coating applications are estimated to witness the best growth prospects for coating resins. High performance coatings include yacht, marine, and aerospace coatings, where there is an increase in demand for green coating products along with improved performance and durability. The use of green coating is expected to help in reducing the costs in the aerospace industry. The marine coatings market is strongly dependent on new building activity, while maintenance and repair is a less cyclical business.
The biggest market for coating resins is Asia-Pacific, followed by Western Europe and North America. It is estimated that Western Europe will record a moderate growth due to strong regulations for coating resins. Factors such as huge and increasing addressable population base, rapidly growing construction activity, and increase in the number of automobiles, wooden furniture, and other electronic appliances are driving the growth of the Asia-Pacific coating resins market.
Acrylic resin is the fastest-growing coating resin. It is used in a wide range of applications for their chemical characteristics and unique aesthetic properties. Currently, the strongest demand for acrylic resins comes from the automotive, medical device, paints & coatings, adhesive & sealant, and construction & architecture industries. Besides acrylic, epoxy and polyurethane coating resins are also high growth segments in the market.
The global Coating Resins market was valued at 27200 million US$ in 2018 and will reach 41200 million US$ by the end of 2025, growing at a CAGR of 5.3% during 2019-2025.
This report focuses on Coating Resins volume and value at global level, regional level and company level. From a global perspective, this report represents overall Coating Resins market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Coating Resins in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Coating Resins manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Allnex Belgium SA/Nv
Arkema S.A.
BASF SE
Bayer AG
Momentive Specialty Chemicals, Inc.
Nuplex Industries Ltd.
Royal DSM N.V.
The DOW Chemical Company
The Valspar Corporation
PCCR USA Inc.
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
Segment by Application
Architectural Coatings
Automotive Coatings
General Industrial Coatings
High Performance Coatings
Wood Coatings
Packaging Coatings
Others
Summary:
Get latest Market Research Reports on Coating Resins. Industry analysis & Market Report on Coating Resins is a syndicated market report, published as Global Coating Resins Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Coating Resins market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.