Market Size

The global coating resins market size is valued at USD 42.4 billion in 2021 and is estimated to reach a value of USD xx billion in 2027. The coating resins market analysis shows that it will grow with a CAGR of 4.0% over the forecast period of 2021 to 2027.

Market Driver

Increased demand from the construction and automotive sectors, a spike in infrastructure expenditures, need for eco-friendly coating systems, and a rise in consumer spending power are all driving the industry forward. There was a scarcity of raw resources, namely basic chemicals for resin production. The scarcity was caused by a spike in oil prices, which was followed by a demand and supply gap, which resulted in greater competition from other resin-based sectors including adhesives and sealants, as well as composites. It pushed up prices, eventually leading to the replacement of main resins including epoxy, acrylic, vinyl, polyurethane, and alkyd with alternative resins including cellulose, phenolic, and vinyl esters. In comparison to other locations, resin market prices in Europe were relatively high. As a result, European coating resin producers intended to restructure their buying procedures, resulting in the substitution of coating resins for alternative raw materials. These issues are stifling the market for coating resins. Emerging economies in APAC, the Middle East and Africa, and South America are investing in large-scale, long-term infrastructure projects. In comparison to the markets in North America and Europe, the coating resins market in these countries is booming. Leading coating resin manufacturers are significantly investing in these high-growth industries. The APAC region, particularly China and India, is providing incredible potential for these businesses. Higher investment in the building, vehicle, electrical & electronics, and appliance and consumer goods industries is being driven by rising income and purchasing power in APAC, the Middle East & Africa, and South America.

Segment Outlook

Based on resin type, the market is segmented into Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy and Others. The acrylic resin segment is estimated to be the largest segment over the forecast period.  Based on application, the market is segmented into Architectural, General Industrial, Automotive, Wood, Packaging and Others. The powder coatings application segment is estimated to be the largest segment over the forecast period.  Based on technology, the market is segmented into Waterborne, Solvent-borne.

Regional Outlook

The Coating Resins market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for Coating Resins by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for Coating Resins is segmented by region and then by country and segment. It has been estimated that Asia Pacific accounted for largest market share in global Coating Resins market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting Coating Resins market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are Arkema (France), BASF SE (Germany), Covestro (Germany), Allnex Netherlands B.V. (Germany), The Sherwin-Williams Company (US), Dow Inc. (US), Evonik Industries AG (Germany), Polynt-Reichhold (Italy), Huntsman International LLC. (US), and Mitsubishi Chemical Corporation (Japan). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Coating Resins market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Coating Resins Market Size and Outlook by Resin Type

• Acrylic
• Alkyd
• Vinyl
• Polyurethane
• Epoxy
• Unsaturated polyester
• Saturated polyester
• Amino
• Others

Coating Resins Market Size and Outlook by Application

• Architectural coatings
• Marine & protective coatings
• General industrial coatings
• Automotive coatings
• Wood coatings
• Packaging coatings
• Coil coatings
• Others

Coating Resins Market Size and Outlook by Technology Industry

• Waterborne coatings
• Solvent-borne coatings
• Powder coatings
• Others

Coating Resins Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Arkema
• BASF SE
• Covestro
• Allnex Netherlands B.V.
• The Sherwin-Williams Company
• Dow Inc.
• Evonik Industries AG
• Polynt-Reichhold
• Huntsman International LLC.
• Mitsubishi Chemical Corporation

Actionable Outcomes

Our Coating Resins Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Coating Resins market size
• Coating Resins market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Coating Resins market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Coating Resins market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Coating Resins market share
• Measures to consider for Coating Resins market