Coating Resins - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Coating Resins Market is accounted for $35.30 billion in 2018 and is expected to reach $60.67 billion by 2027 growing at a CAGR of 6.2% during the forecast period. While the factors like, lower price and higher efficiency in use and increasing demand from end-use industries are the driving the market growth. However, the volatile raw material prices and fluctuation in demand due to competition from other industries using resins is hampering the market growth.
Coating Resins are used in a broad variety of products, rather than eye-catching, the coating offers to add on function. The resin is a significant part of coating formulation and adds ultimate presentation attributes to the coating. Mechanical properties of a resin system have a profound collision on the original and longer-term performance of the coatings.
Based on the application, the general industrial coatings segment is likely to have a huge demand due to better standard of living, infrastructural development, global GDP growth, and development of the construction sector. The demand for generators, motors, and transformers, agricultural equipment, and other industrial equipment is rising globally, which is lashing the demand for coating resins in the general industrial coatings application.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to fastest-growing market in terms of both volume and value. The growth of the region is mainly recognized to the high economic growth rate followed by heavy investment across industries, such as automotive, building & construction, and furniture.
Some of the key players profiled in the Coating Resins Market include Allnex Belgium SA/Nv, Arkema S.A., BASF SE, Bayer AG, Momentive Specialty Chemicals, Nuplex Industries Ltd., PCCR USA Inc., Royal DSM, The DOW Chemical Company, The Valspar Corporation, LANXESS, DIC Corporation, Celanese Corporation, Solutia Inc, INEOS Group Holdings S.A., Huntsman International LLC and Evonik Industries AG.
Resin Types Covered:
• Other Resin Types
• Waterborne Coatings
• Solvent-Borne Coatings
• Powder Coatings
• Hot Melt Based
• Other Technologies
• Architectural Coatings
• Automotive Coatings
• General Industrial Coatings
• High Performance Coatings
• Wood Coatings
• Marine & Protective Coatings
• Packaging Coatings
• Industrial Plastics
• Consumer Electronics
• High End Flooring
• Decorative Paints
• Paper and Pulp
• Food Packaging
• Industrial Wood
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.