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Coating Resins Market by Resin Type, Technology, Application And Region – Global Forecast to 2026

Coating Resins Market by Resin Type, Technology, Application And Region – Global Forecast to 2026

  • June 2021
  • 297 pages
  • ID: 3512044
  • Format: PDF
  • MarketsandMarkets

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The coating resins market is projected to grow from USD 42.4 billion in 2021 to USD 51.4 billion by 2026, at a CAGR of 4.0% between 2021 and 2026. Architectural coatings are expected to generate a continuous bulk demand for coating resins because of the developments in the construction and industrial sectors.

The global coating resins market is witnessing high growth on account of increasing applications, surging advancements in powder coating technologies, and growing demand in the APAC region.Coating resins are largely used in architectural and industrial applications.

The rapid growth of the coating resins market is driven by the increasing demand from the construction and automotive industries.

Architectural coatings is projected to be the largest application of coating resins market.

Architectural coatings is the largest application segment, in terms of both volume and value, between 2021 and 2026.Architectural coatings include decorative and functional products, such as paints, stains, lacquers, and primers.

These products include interior and exterior coatings based on solvent and waterborne technologies.The primary sub-applications of these coatings include residential and commercial.

Apart from their decorative features, architectural paints & coatings also possess some protective features.For instance, exterior architectural paints & coatings protect a building from extreme weather conditions.

Such paints and coatings can be applied by paint professionals and do-it-yourself consumers alike.

Polyurethane is the fastest-growing resin segment of the coating resins market.

Polyurethane is the fastest-growing resin segment, in terms of volume, between 2021 and 2026.Polyurethanes (PUR) are versatile materials that can be tailored based on hardness, cure speeds, viscosities, mechanical, and thermal properties for many different applications.

Radiation-cured polyurethanes are often used on plastic substrates that require only low or moderate curing temperatures, such as clear overprint lacquers on vinyl decals, electronic circuit boards, no-wax vinyl floorings, and tiles. Waterborne polyurethanes are used in low-to-medium demand applications, such as snacks and other packaged products.

APAC is the fastest market for coating resins during the forecast period.
APAC is projected to be the largest and the fastest-growing market for coating resins during the forecast period.The market growth is attributed to the growing residential construction activities and increasing demand for coating resins from various industries.

A huge and increasing population base, rapid growth in construction activities, and an increase in the production of automobiles and wooden furniture are projected to propel the market in the region.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Breakdown of Primary Interviews:
• By Company Type: Tier 3 – 36%, Tier 2 – 37%, and Tier 1 – 27%
• By Designation: D Level – 25%, C Level – 33%, and Others – 42%
• By Region: APAC – 37%, North America – 18%, Europe – 27%, South America – 9%, and Middle East & Africa – 9%

The key companies profiled in this report are Arkema (France), BASF SE (Germany), Covestro (Germany), Allnex Netherlands B.V. (Germany), and The Sherwin-Williams Company (US).

Research Coverage:
The coating resins market has been segmented based on resin type (acrylic, alkyd, vinyl, polyurethane, epoxy, unsaturated polyester, saturated polyester, amoni, and others), technology (waterborne coatings, solvent-borne coatings, powder coatings, and others), application (architectural coatings, marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, coil coatings, and others), and region (APAC, Europe, North America, South America, and Middle East & Africa).

Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on coating resins offered by top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for coating resins across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

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