The report offers detailed coverage of Coating Resins industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Coating Resins by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
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 27200 million US$ in 2020 and is expected to 41200 million US$ by the end of 2025, growing at a CAGR of 5.3% between 2020 and 2025.
The report forecast global Coating Resins market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Coating Resins market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
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.
By the product type, the market is primarily split into
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By the end users/application, this report covers the following segments
Architectural Coatings
Automotive Coatings
General Industrial Coatings
High Performance Coatings
Wood Coatings
Packaging Coatings
Others
At the same time, we classify Coating Resins according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Coating Resins market for the forecast period 2020 - 2025?
• What are the driving forces in the Coating Resins market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Coating Resins industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?