Global Coating Resins Market Global Demand, Sales, Consumption and Forecasts to forecast 2029

Global Coating Resins Market was valued at USD 50.99 Billion in 2021, and it is expected to reach USD 79.45 Billion by 2029, exhibiting a CAGR of 5.7% during the forecast period (2022-2029)

Coating Resins Market Overview:

The study covers the Coating Resins market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Coating Resins Market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Coating Resins Market in the next years. The research analysis covers primary and secondary market drivers, market share, major market categories, and regional market analyses. Coating Resins Market Analysis examines major corporations, strategic alliances, mergers and acquisitions, as well as contemporary innovation and corporate strategy.

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Key Market Trends & Challenges:

The study analyses the primary adoption trend impacting the Coating Resins industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Coating Resins market, this study provides a full analysis of these trends and obstacles.

Market Statistics:

The report provides the market size and share of the Coating Resins market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Coating Resins market.

Coating Resins Market Segmentation

The most popular resins in the coating resins sector are acrylic coating resins. The coating resins market was dominated by acrylic coating resins, which is anticipated to rise at the highest CAGR of 6.05% throughout the course of the projected period. Because they are mostly used outdoors, acrylic paints are being phased out in favour of water-based acrylic coatings. Water-based acrylic paints are used more frequently in North America and Europe than in APAC due to strict rules demanding low VOC content. Architectural coatings, specialty coatings, and OEM product finishes are just a few of the uses for acrylic resins (OEMs). Because to their low cost and superior chemical and photochemical resistance, stain resistance, and water resistance, acrylic polymers are in high demand.

The epoxy resins market is projected to grow at a strong CAGR of 5.50% during the forecast period. Epoxy resins are widely used in the paints and coatings industry due to their excellent strength, flexibility, and high adherence to a wide range of surfaces. Epoxy resins are versatile products for a variety of end-use sectors because they have strong adhesive characteristics. Because of its exceptional mechanical properties, such as heat resistance, chemical resistance, durability, corrosion resistance, and electrical insulation, epoxy resins are widely used. These characteristics make epoxy coating resins suitable for a variety of end uses, such as paint cans, metal containers, decorative flooring, automotive, marine, and aerospace.

Based on formulating technology, the water-borne coating segment is anticipated to dominate the market for coating resins and expand at the highest CAGR of 6.38% throughout the course of the forecast period. Water-borne coating is an environmentally friendly coating due to the low VOC emissions. Due to customer demand for environmentally friendly coating and government rules restricting VOC emissions, water-borne coating is outselling solvent coating in sales. Building, architecture, industrial wood, protective coating, metal packaging, automotive OEM & refinish, and other industries frequently use water-borne coatings. The architectural sector is the one that uses the most water-borne coatings overall. Water-borne coatings frequently use acrylic-based resins to reduce VOC emissions.

APAC is the second-largest market for water-borne coating, behind Europe. Due to rising demand in the automotive and coil coating industries, water-based coating is in high demand in Europe. As water coating's performance increases, so does its applicability in end-use industries. Because of developments in resin chemistry and new additives created especially for waterborne formulations, water coating performance has improved. Direct-to-metal (DTM) coatings and other applications needing specialised attributes, including high gloss, are two areas that have historically been dominated by solvent-borne coatings and can now perform better thanks to new breakthroughs in these materials.

The architectural coating category, which dominated the coating resins market in 2021, is predicted to expand at a CAGR of 5.41% during the course of the forecast. The global market for architectural coatings is still developing. The segment's growth will be aided by the expanding worldwide construction market, the strengthening US housing market, and the continuous need for environmentally friendly paints, particularly in the developing countries of APAC. Moreover, the market is being driven by shifting consumer preferences and increased consumer awareness of product safety and VOC emissions from architectural coatings. The switch from solvent-borne to water-borne paint formulations will also contribute to the expansion of the global architectural coatings market throughout the time of forecasting.

Coating Resins Market Key Players

• Dow Inc (US)
• Momentive Inc (US)
• Coating Technologies LLC (US)
• The Sherwin-Williams Company (US)
• Hexion Inc. (US)
• Valspar Corporation (US)
• Bayer AG (Germany)
• Evonik Industries AG (Germany)
• LANXESS (Germany)
• BASF SE (Germany)
• Ceramicoat Limited (UK)
• Arkema S.A. (France)
• ICA SpA (Italy)
• Mutina S.P.A. (Italy)
• Polynt S.P.A. (Italy)
• Koninklijke DSM N.V. (Netherlands)
• Akzo Nobel N.V. (Netherlands)
• PT. Citra Resins (Indonesia)
• Allnex Holdings S.A R.L. (Luxembourg)
• HELIOS Resins (Slovenia)
• Sumitomo Corporation (Japan)
• DIC Corporation (Japan)
• Nuplex Industries Limited (Australia)
• Eternal Resin Co. Ltd. (Thailand)

The research outlines which growth strategies are being used by key players, including strategic alliances, new product innovation, and so on. It tells you whether you're competing with only industry firms or with competitors who provide alternative solutions. The study helps you understand competitor pricing in the Coating Resins market so you can examine and build a pricing plan that works for your product. The competitive landscape is a significant feature of the Coating Resins industry that all key stakeholders in the industry should be aware of.

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Regional Analysis:

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Coating Resins market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

Key Questions answered in the Coating Resins Market Report are:

• Which product segment grabbed the largest share in the Coating Resins market?
• How is the competitive scenario of the Coating Resins market?
• Which are the key factors aiding the Coating Resins market growth?
• Which region holds the maximum share in the Coating Resins market?
• What will be the CAGR of the Coating Resins market during the forecast period?
• Which application segment emerged as the leading segment in the Coating Resins market?
• Which are the prominent players in the Coating Resins market?
• What key trends are likely to emerge in the Coating Resins market in the coming years?
• What will be the Coating Resins market size by 2027?
• Which company held the largest share in the Coating Resins market?

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