Global Coating Resins Market, By Resin Type (Acrylic, Alkyd, Vinyl, Polyurethane, Epoxy, Unsaturated Polyester, Saturated Polyester, Amino), Technology (Waterborne Coatings, Solvent-Borne Coatings, Powder Coatings, Others), Application (Architectural Coatings, Marine and Protective Coatings, General Industrial Coatings, Automotive Coatings, Packaging Coatings, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Coating Resins Market
The coating resins market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 4.92% in the forecast period of 2021 to 2028. The technological advancement across the globe is escalating the growth of coating resins market.
Coating resins refer to organic compounds that are utilized to protect the surface of a material from extreme environmental conditions. Such resins are highly used in end-use industries including furniture, marine and automotive.
The increase in demand for architectural coatings, rise in the number of residential and commercial constructions and growing demand for roadway markings are the major factors driving the coating resins market. The rising rate of roadway networks encouraging marking of proper safety signage usages such as zebra crossing and lane changing, the increase in the popularity of the technique for their weather resistance properties and the high utilization to reduce road maintenance costs accelerate the coating resins market growth. The usage of automotive original equipment manufacturer (OEM) coatings for passenger cars, light and heavy duty commercial vehicles, the growth of refinishing automobiles coatings, and use of coatings to minimize aging of vehicles and accidents influence the coating resins market. The rise in demand for environmentally friendly products, EU regulation and the increasing demand of electrical wires from industrial, residential, and commercial applications boosts the coating resins market growth. Additionally, increasing production of automobiles, rise in demand for aesthetic architectural structures and appealing furniture and use of coating resins in structures and furniture for protecting wooden structures from pests and humid conditions positively affect the coating resins market. Furthermore, the development of water-based alkyd technologies replacing a solvent-based system for coating resins manufacturing and rise in demand for green coating resins based technologies extend profitable opportunities to the coating resins market players in the forecast period of 2021 to 2028.
On the other hand, the fluctuation in the prices of raw materials and depleting petrochemical reserves are factors expected to obstruct the coating resins market growth. The increasing price-cutting measures and the implementation of stringent regulatory policies are projected to challenge the coating resins market in the forecast period of 2021 to 2028.
This coating resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on coating resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Coating Resins Market Scope and Market Size
The coating resins market is segmented on the basis of resin type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the coating resins market is segmented into acrylic, alkyd, vinyl, polyurethane, epoxy, unsaturated polyester, saturated polyester and amino.
- On the basis of technology, the coating resins market is segmented into waterborne coatings, solvent-borne coatings, powder coatings and others.
- On the basis of application, the coating resins market is segmented into architectural coatings, marine and protective coatings, general industrial coatings, automotive coatings, packaging coatings and others.
Global Coating Resins Market Country Level Analysis
The coating resins market is analyzed and market size, volume information is provided by country, resin type, technology and application as referenced above.
The countries covered in the globally coating resins market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to witness the highest CAGR in the coating resins market during the forecast period of 2021 to 2028 due to the economic development and heavy investment across industries such as consumer goods and appliances, automotive, building and construction and furniture.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coating Resins Market Share Analysis
The coating resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coating resins market.
The major players covered in the coating resins market report are DowDuPont, Covestro AG, BASF SE, Evonik Industries AG, Reichhold LLC 2, Arkema, Koninklijke DSM N.V., ALLNEX NETHERLANDS B.V., Huntsman International LLC, The Sherwin-Williams Company, Qualipoly Chemical Corp., Jiangsu sanmu group Co,Ltd., Arakawa Chemical Industries,Ltd., Alberdingk Boley, The Nippon Synthetic Chemical Industry Co., Ltd., Eternal Materials Co.,Ltd., CBC Co.,Ltd., Perstorp Orgnr, Wanhua Chemical Group Co.,Ltd., DIC CORPORATION, Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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