Coating Resins Market

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Coating Resins Market by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology (Waterborne, Solvent-borne), Application (Architectural, General Industrial, Automotive, Wood, Packaging), and Region - Global Forecast to 2025

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Report Code: CH 2772 Apr, 2020, by marketsandmarkets.com

[207 Pages Report] The market size for coating resins is projected to grow from USD 38.7 billion in 2020 to USD 48.8 billion by 2025, at a CAGR of 4.7%. The global coating resins market is witnessing high growth on account of growing end-use industries and technological advancements. The economic growth in developing countries, stringent environmental regulations, and growth in the appliance & automotive industries are also leading to the growth of the market.

Coating Resins Market

The general industrial application segment is projected to witness the fastest growth during the forecast period.

The general industrial coatings segment is projected to be the fastest-growing application of coating resins. The drivers for the market in this segment are population growth, improved standard of living, infrastructural development, global GDP growth, and growth of the construction sector. The demand for motors, generators, and transformers, agricultural equipment, and other industrial equipment is increasing globally, which is driving the demand for coating resins in the general industrial coatings application

The acrylic resin segment accounted for the largest share of the coating resins market in 2019.

The acrylic segment accounted for the largest share in 2019. Acrylic is extensively used as a resin type in coating resins. It has high demand as it is a low-cost material that provides water resistance and stain protection. The market for acrylic coating resins in APAC is projected to grow at the fastest rate. Most end-use industries have set up manufacturing centers in the region to capitalize on the growing paints & coatings market and increase profitability.

Coating Resins Market

APAC is the fastest-growing coating resins market.

APAC is projected to be the fastest-growing market in terms of both volume and value during the forecast period. The region comprises countries with different levels of economic development. The growth of the region is mainly attributed to the high economic growth rate followed by heavy investment across industries, such as automotive, consumer goods & appliances, building & construction, and furniture.

Key Market Players

Arkema (France), BASF (Germany), DSM (Netherlands), Allnex Netherlands B.V. (Germany), Dow (US), and The Sherwin-Williams Company (US) are the major players in the coating resins market. Some of the other players operating in the market include Evonik Industries AG (Germany), Polynt-Reichhold (Italy), and Covestro (Germany).

Arkema (is a global player in the field of specialty chemicals and advanced materials. Arkema Coating Resins (ACR) is a global product line offering an extensive range of products to support customers in the coatings, adhesives, inks, and construction products markets. The company offers coating resins through its coating solutions business segment. It has 144 production sites across 55 countries.

Scope of the report

Report Metric	Details
Years considered for the study	2018-2025
Base year	2019
Forecast period	2020�C2025
Units considered	Value (USD million) and Volume (Kiloton)
Segments	Resin Type, Technology, Application, and Region
Regions covered	APAC, Europe, North America, Middle East & Africa, South America
Companies profiled	Arkema (France), BASF (Germany), DSM (Netherlands), Allnex Netherlands B.V. (Germany), Dow (US), and The Sherwin-Williams Company (US). Some of the other players operating in the global market include Evonik Industries AG (Germany), Polynt-Reichhold (Italy), and Covestro (Germany). A total of 32 players have been covered.

This research report categorizes the coating resins market based on resin type, technology, application, and region.

By Resin Type:

Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Unsaturated polyester
Saturated polyester
Amino

By Technology:

Waterborne coatings
Solvent-borne coatings
Powder coatings
Others (high solids, radiation curable)

By Application:

Architectural coatings
Marine & protective coatings
General industrial coatings
Automotive coatings
Packaging coatings
Others (coil, aerospace, graphic arts)

By Region

APAC
Europe
North America
Middle East & Africa
South America

Recent Developments

In January 2020, Arkema announced that effective from March 1, 2020, Brenntag Canada will be the primary distributor in Canada for all Arkema��s waterborne resins sold under the ENCOR, CELOCOR, SNAP, and NEOCAR trade names. These resins are used to formulate products across multiple industries, including architectural and industrial coatings, adhesives, caulks and sealants, construction products, and traffic markings.
In August 2018, Arkema Coating Resins, a business unit of Arkema Inc., announced a project to expand manufacturing capability for its SYNAQUA technology platform at the company��s Grand Rapids, MI, facility. This new manufacturing capacity was scheduled to come online in the second quarter of 2019.

Critical questions the report answers:

Where will all these developments take the industry in the mid-to-long term?
What are the upcoming applications of coating resins?
Which segment has the potential to register the highest market share?
What is the current competitive landscape in the coating resins market in terms of new technologies, production, and sales?
What will be the future of coating resins?

Frequently Asked Questions (FAQ):

What are the factors Influencing the growth of coating resins?

The growth of the coating resins is driven by the paints & coatings market which is influenced by stringent European Union (EU) regulations such as the reduction of VOC emission and use of low-polluted coating technologies. With growing awareness regarding the harmful effects of VOC emissions, supported by the regulations, there has been a gradual shift in demand from solventborne coatings to environment-friendly products.

What are the major end-use industries for coating resins?

The major end-use industries for coating resins are building & construction, packaging, general industrial, automotive, marine, aerospace, and furniture.

Which end-use industry accounts for largest share in coating resins industry?

The architectural coatings application segment accounted for the largest share of the overall coating resins market in 2019. Booming construction activities globally, rise in awareness about environment-friendly products and green environmental regulations, rise in per capita paint consumption, and increase in the popularity of tilt-up concrete in the architectural industry are expected to drive the demand for coating resins, globally.

Which resin type is expected to grow at the highest CAGR in the next five years?

The polyurethane segment is projected to grow at the highest CAGR during next five years because of its use in varied applications. The major end-use industries for powdered polyurethanes are main appliance market coatings, such as refrigerators, dryer drums, and range cabinets.

Which technology is expected to grow at the highest CAGR in the coating resins market?

The powder coating technology is projected to register highest CAGR among the technology segments in the global coating resins market. This technology is mainly used in automotive, appliance finishing, outdoor furniture manufacturing, and architectural & building industries. The major factors driving this growth is the growth of the powder coatings market due to increasing stringent environmental regulations for zero or non-VOC coatings.

Who are the major manufacturers?

The major players operating in the coating resins market include Arkema S.A. (France), BASF SE (Germany), Royal DSM N.V. (Netherlands), Allnex Netherlands B.V. (Germany), and DowDuPont (US).

What is the biggest restraint for coating resins?

In coating resin industry, the water-based technology takes longer duration for drying and curing than the solvent-based technology. In addition, water-based technology has excellent flow properties that change with humidity, affecting the coating process. Water does not easily evaporate during high humidity, resulting in poor cure and decrease in performance. Water-based technology are also sensitive to freezing conditions, and many of them are not usable when frozen.

How do you see the demand for bio-based coating resin market?

The paints and coatings industry is increasingly training the spotlight on sustainability initiatives, a number of which have been launched all along the value chain. However, the fall in prices of petrochemical feedstocks in recent years has made it increasingly difficult to introduce renewable raw materials on a wide scale. More and more, the ingredients made from these greener materials need to offer more than simply the cachet �bio-based.�.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
    2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 32)

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES IN COATING RESINS MARKET
    4.2 COATING RESINS MARKET, BY RESIN TYPE
    4.3 APAC: COATING RESINS MARKET, BY APPLICATION AND COUNTRY, 2019
    4.4 COATING RESINS MARKET, BY MAJOR COUNTRIES
    4.5 COATING RESINS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES
    4.6 COATING RESINS MARKET: GROWING DEMAND FROM APAC

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand from end-use industries
                    5.2.1.2 Eco-friendly coating systems
                    5.2.1.3 Durable coatings with better performance and aesthetics
                    5.2.1.4 Lower price and higher efficiency in use
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatile raw material prices and fluctuation in demand due to competition from other industries using resins
                    5.2.2.2 Reduced export demand from European economies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growth potential in less regulated regions
                    5.2.3.2 Development of bio-based coatings
                    5.2.3.3 Investments in emerging markets
           5.2.4 CHALLENGES
                    5.2.4.1 Growing price-cutting measures
                    5.2.4.2 Stringent regulatory policies
    5.3 VALUE CHAIN ANALYSIS
           5.3.1 VALUE CHAIN ANALYSIS (COATING RESINS): COST POINTS IN DIFFERENT SEGMENTS
    5.4 PORTER��S FIVE FORCES ANALYSIS
           5.4.1 THREAT OF NEW ENTRANTS
           5.4.2 THREAT OF SUBSTITUTES
           5.4.3 BARGAINING POWER OF SUPPLIERS
           5.4.4 BARGAINING POWER OF BUYERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 MACRO INDICATOR ANALYSIS
           5.5.1 INTRODUCTION
           5.5.2 TRENDS AND FORECAST OF GDP
           5.5.3 TRENDS AND FORECAST OF GLOBAL AUTOMOTIVE INDUSTRY
           5.5.4 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY
           5.5.5 COVID-19 IMPACT

6 COATING RESINS MARKET, BY RESIN TYPE (Page No. - 56)
    6.1 INTRODUCTION
           6.1.1 THERMOPLASTIC COATINGS
           6.1.2 THERMOSET COATINGS
    6.2 ACRYLIC
           6.2.1 LARGEST CATEGORY OF BINDER RESINS USED FOR COATING APPLICATIONS
    6.3 ALKYD
           6.3.1 HIGHER RESISTANCE PROPERTY OF ALKYD RESIN TO DRIVE THE MARKET
    6.4 VINYL
           6.4.1 DEVELOPMENT OF DISPERSION TYPE OF VINYL RESIN TO BOOST THE MARKET
    6.5 POLYURETHANE
           6.5.1 POLYURETHANE TO BE ONE OF THE LARGEST RESIN TYPES
    6.6 EPOXY
           6.6.1 DIVERSE APPLICATIONS OF EPOXY RESINS TO DRIVE THE MARKET
    6.7 UNSATURATED POLYESTER
           6.7.1 RELATIVELY EASY MANUFACTURING AND COST-EFFECTIVENESS TO PROPEL THE DEMAND
    6.8 SATURATED POLYESTER
           6.8.1 GROWING USE OF SATURATED POLYESTER RESIN TO DRIVE THE MARKET
    6.9 AMINO
           6.9.1 EXCELLENT TENSILE STRENGTH, HARDNESS, AND IMPACT RESISTANCE TO BOOST THE DEMAND FOR AMINO RESINS
    6.1 OTHERS

7 COATING RESINS MARKET, BY TECHNOLOGY (Page No. - 72)
    7.1 INTRODUCTION
    7.2 WATERBORNE COATINGS
           7.2.1 TYPE
           7.2.2 RESIN TYPE
           7.2.3 APPLICATION
           7.2.4 ADVANTAGES AND DISADVANTAGES
    7.3 SOLVENT-BORNE COATINGS
           7.3.1 ADVANTAGES AND DISADVANTAGES
    7.4 POWDER COATINGS
           7.4.1 TYPE
    7.5 OTHERS
           7.5.1 HIGH SOLIDS COATINGS
                    7.5.1.1 Type
                    7.5.1.2 Application
                               7.5.1.2.1 Product finishing
                               7.5.1.2.2 Automotive applications
                    7.5.1.3 Advantages and disadvantages
           7.5.2 RADIATION CURABLE COATINGS
                    7.5.2.1 Type
                    7.5.2.2 Resin systems
                    7.5.2.3 Application
                    7.5.2.4 Advantages
                    7.5.2.5 Disadvantages

8 COATING RESINS MARKET, BY APPLICATION (Page No. - 89)
    8.1 INTRODUCTION
    8.2 ARCHITECTURAL COATINGS
           8.2.1 RESIDENTIAL AND COMMERCIAL APPLICATIONS TO BOOST THE MARKET
    8.3 MARINE & PROTECTIVE COATINGS
           8.3.1 INCREASING USE OF EPOXY RESINS IN MARINE & PROTECTIVE COATINGS TO INFLUENCE THE MARKET GROWTH
    8.4 GENERAL INDUSTRIAL COATINGS
           8.4.1 INCREASING PER CAPITA INCOME TO BOOST THE MARKET
    8.5 AUTOMOTIVE COATINGS
           8.5.1 PASSENGER CARS SALES IN DEVELOPING COUNTRIES TO LEAD THE MARKET
    8.6 WOOD COATINGS
           8.6.1 NEW HOME BUILDING ACTIVITIES TO PROPEL THE DEMAND
    8.7 PACKAGING COATINGS
           8.7.1 FOOD & BEVERAGE INDUSTRY TO POSITIVELY AFFECT THE PACKAGING COATINGS SEGMENT
    8.8 OTHERS
           8.8.1 COIL
           8.8.2 AEROSPACE
           8.8.3 GRAPHIC ARTS

9 COATING RESINS MARKET, BY REGION (Page No. - 103)
    9.1 INTRODUCTION
    9.2 APAC
           9.2.1 CHINA
                    9.2.1.1 Construction industry to drive the coating resins market
           9.2.2 INDIA
                    9.2.2.1 Construction and automotive industries to be the prime consumers of coating resins
           9.2.3 JAPAN
                    9.2.3.1 Demand for architectural coatings market to increase in the country
           9.2.4 SOUTH KOREA
                    9.2.4.1 Decorative, automotive, and marine coatings segment to boost the market
           9.2.5 THAILAND
                    9.2.5.1 Largest automobile producer among Southeast Asian countries
           9.2.6 INDONESIA
                    9.2.6.1 Investments in new automotive manufacturing capacities to increase the use of coating resins
           9.2.7 VIETNAM
                    9.2.7.1 Government efforts to urbanize underprivileged rural areas to boost the demand for coating resins
           9.2.8 REST OF APAC
    9.3 EUROPE
           9.3.1 GERMANY
                    9.3.1.1 Expansion of production capacity by major automotive companies to increase the demand for coating resins
           9.3.2 FRANCE
                    9.3.2.1 Reviving economy after the 2011 slowdown expected to boost coating resins demand
           9.3.3 ITALY
                    9.3.3.1 Construction industry expected to boost the demand for coating resins
           9.3.4 UK
                    9.3.4.1 Growing construction industry to boost the demand for coating resins
           9.3.5 TURKEY
                    9.3.5.1 One of the leading paints & coatings markets in Europe
           9.3.6 SPAIN
                    9.3.6.1 One of the largest exporters of automotive vehicles
           9.3.7 RUSSIA
                    9.3.7.1 Higher demand in architectural coatings application due to high population
           9.3.8 REST OF EUROPE
    9.4 NORTH AMERICA
           9.4.1 US
                    9.4.1.1 Growing residential and non-residential housing sectors to boost the market
           9.4.2 CANADA
                    9.4.2.1 Construction industry to be the major contributor to coating resins market growth
           9.4.3 MEXICO
                    9.4.3.1 Automobile sales estimated to show robust growth
    9.5 MIDDLE EAST & AFRICA
           9.5.1 SAUDI ARABIA
                    9.5.1.1 Saudi Vision 2020 to boost the coating resins demand
           9.5.2 SOUTH AFRICA
                    9.5.2.1 One of the leading consumers of coating resins in Africa
           9.5.3 REST OF MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA
           9.6.1 BRAZIL
                    9.6.1.1 Developments in the construction and automotive industries to increase the consumption of coating resins
           9.6.2 ARGENTINA
                    9.6.2.1 Increase in population and improved economic conditions to be the main market drivers
           9.6.3 COLOMBIA
                    9.6.3.1 Demographic shifts & urbanization and labor productivity growth to be the major demand drivers for coating resins
           9.6.4 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE (Page No. - 142)
     10.1 OVERVIEW
     10.2 KEY MARKET PLAYERS
     10.3 COMPETITIVE SCENARIO
             10.3.1 MERGER & ACQUISITION
             10.3.2 NEW PRODUCT LAUNCH
             10.3.3 INVESTMENT & EXPANSION
             10.3.4 JOINT VENTURE & AGREEMENT

11 COMPANY PROFILES (Page No. - 148)
     (Business overview, Products offered, Recent developments, SWOT analysis & Right to win)*
     11.1 ARKEMA
     11.2 BASF SE
     11.3 DSM
     11.4 ALLNEX NETHERLANDS B.V.
     11.5 DOW
     11.6 THE SHERWIN�\WILLIAMS COMPANY
     11.7 EVONIK INDUSTRIES AG
     11.8 POLYNT-REICHHOLD
     11.9 COVESTRO
     11.10 HUNTSMAN INTERNATIONAL LLC.
     11.11 MITSUBISHI CHEMICAL CORPORATION
     11.12 TORAY INDUSTRIES, INC.
     11.13 MITSUI CHEMICALS, INC.
     11.14 SOLVAY
     11.15 EASTMAN
     11.16 DIC CORPORATION
     11.17 THE LUBRIZOL CORPORATION
     11.18 MOMENTIVE PERFORMANCE MATERIALS INC.
     11.19 CELANESE CORPORATION
     11.20 OLIN CORPORATION
     11.21 WACKER CHEMIE
     11.22 HEXION INC.
     11.23 KRATON
     11.24 ETERNAL MATERIALS CO., LTD.
     11.25 PERSTORP HOLDING AB
     11.26 CBC CO., LTD.
     11.27 WANHUA CHEMICAL GROUP CO., LTD.
     11.28 KUKDO CHEMICAL CO., LTD.
     11.29 ARAKAWA CHEMICAL INDUSTRIES, LTD.
     11.30 JIANGSU SANMU GROUP CORPORATION
     11.31 ALBERDINGK BOLEY GMBH
     11.32 QUALIPOLY CHEMICAL CORPORATION
*Details on Business overview, Products offered, Recent developments, SWOT analysis & Right to win might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 201)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

LIST OF TABLES (133 Tables)

TABLE 1 ASSUMPTIONS
TABLE 2 COATING RESINS MARKET SNAPSHOT, 2020 VS. 2025
TABLE 3 GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2019�C2024
TABLE 4 AUTOMOTIVE INDUSTRY PRODUCTION (2017-2018)
TABLE 5 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 6 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
TABLE 7 PROPERTIES AND APPLICATIONS OF ACRYLIC COATING RESINS
TABLE 8 ACRYLIC COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 9 ACRYLIC COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 10 PROPERTIES AND APPLICATIONS OF ALKYD COATING RESINS
TABLE 11 ALKYD COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 12 ALKYD COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 13 PROPERTIES AND APPLICATIONS OF VINYL COATING RESINS
TABLE 14 VINYL COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 15 VINYL COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 16 PROPERTIES AND APPLICATIONS OF POLYURETHANE COATING RESINS
TABLE 17 POLYURETHANE COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 18 POLYURETHANE COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 19 PROPERTIES AND APPLICATIONS OF EPOXY COATING RESINS
TABLE 20 EPOXY COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 21 EPOXY COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 22 PROPERTIES AND APPLICATIONS OF UNSATURATED POLYESTER COATING RESINS
TABLE 23 UNSATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 24 UNSATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 25 PROPERTIES AND APPLICATIONS OF SATURATED POLYESTER COATING RESINS
TABLE 26 SATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 27 SATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 28 PROPERTIES AND APPLICATIONS OF AMINO COATING RESINS
TABLE 29 AMINO COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 30 AMINO COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 31 OTHER COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 32 OTHER COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 33 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 34 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
TABLE 35 WATERBORNE COATINGS: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 36 WATERBORNE COATINGS: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 37 TRADITIONAL FORMULATION SOLVENT USED FOR EACH RESIN TYPE
TABLE 38 SOLVENT-BORNE COATINGS: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 39 SOLVENT-BORNE COATINGS: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 40 POWDER COATINGS: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 41 POWDER COATINGS: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 42 OTHER TECHNOLOGIES: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 43 OTHER TECHNOLOGIES: COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 44 COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 45 COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 46 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 47 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 48 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 49 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 50 COATING RESINS MARKET SIZE IN ARCHITECTURAL COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 51 COATING RESINS MARKET SIZE IN ARCHITECTURAL COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 52 COATING RESINS MARKET SIZE IN RESIDENTIAL ARCHITECTURAL COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 53 COATING RESINS MARKET SIZE IN RESIDENTIAL ARCHITECTURAL COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 54 COATING RESINS MARKET SIZE IN NON-RESIDENTIAL ARCHITECTURAL COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 55 COATING RESINS MARKET SIZE IN NON-RESIDENTIAL ARCHITECTURAL COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 56 COATING RESINS MARKET SIZE IN MARINE & PROTECTIVE COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 57 COATING RESINS MARKET SIZE IN MARINE & PROTECTIVE COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 58 COATING RESINS MARKET SIZE IN GENERAL INDUSTRIAL COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 59 COATING RESINS MARKET SIZE IN GENERAL INDUSTRIAL COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 60 COATING RESINS MARKET SIZE IN AUTOMOTIVE COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 61 COATING RESINS MARKET SIZE IN AUTOMOTIVE COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 62 COATING RESINS MARKET SIZE IN WOOD COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 63 COATING RESINS MARKET SIZE IN WOOD COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 64 COATING RESINS MARKET SIZE IN PACKAGING COATINGS APPLICATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 65 COATING RESINS MARKET SIZE IN PACKAGING COATINGS APPLICATION, BY REGION, 2018-2025 (KILOTON)
TABLE 66 COATING RESINS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018-2025 (USD MILLION)
TABLE 67 COATING RESINS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018-2025 (KILOTON)
TABLE 68 COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 69 COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 70 APAC: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 71 APAC: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 72 APAC: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 73 APAC: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
TABLE 74 APAC: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 75 APAC: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
TABLE 76 APAC: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 77 APAC: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 78 APAC: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 79 APAC: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 80 APAC: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 81 APAC: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 82 EUROPE: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 83 EUROPE: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 84 EUROPE: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 85 EUROPE: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
TABLE 86 EUROPE: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 87 EUROPE: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
TABLE 88 EUROPE: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 89 EUROPE: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 90 EUROPE: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 91 EUROPE: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 92 EUROPE: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 93 EUROPE: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 94 NORTH AMERICA COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 95 NORTH AMERICA COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 96 NORTH AMERICA: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 97 NORTH AMERICA: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
TABLE 98 NORTH AMERICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 99 NORTH AMERICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
TABLE 100 NORTH AMERICA: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 101 NORTH AMERICA: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 102 NORTH AMERICA: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 103 NORTH AMERICA: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 104 NORTH AMERICA: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 105 NORTH AMERICA: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 106 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 107 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 108 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
TABLE 110 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 111 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
TABLE 112 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 113 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 114 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 116 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 118 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 119 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 120 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
TABLE 121 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
TABLE 122 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 123 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
TABLE 124 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 125 SOUTH AMERICA: COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 126 SOUTH AMERICA: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 127 SOUTH AMERICA: COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 128 SOUTH AMERICA: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 129 SOUTH AMERICA: COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 130 MERGER & ACQUISITION, 2016 AND 2020
TABLE 131 NEW PRODUCT LAUNCH, 2016-2020
TABLE 132 INVESTMENT & EXPANSION, 2016-2020
TABLE 133 JOINT VENTURE & AGREEMENT, 2016-2020

LIST OF FIGURES (53 Figures)

FIGURE 1 COATING RESINS MARKET: RESEARCH DESIGN
FIGURE 2 COATING RESINS MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 5 COATING RESINS MARKET: DATA TRIANGULATION
FIGURE 6 ACRYLIC RESIN TYPE HELD THE LARGEST MARKET SHARE IN 2019
FIGURE 7 WATERBORNE TECHNOLOGY CAPTURED THE LARGEST MARKET SHARE IN 2019
FIGURE 8 ARCHITECTURAL COATINGS SEGMENT WAS THE LARGEST APPLICATION IN 2019
FIGURE 9 APAC TO BE THE FASTEST-GROWING REGION IN THE COATING RESINS MARKET
FIGURE 10 APAC DOMINATED THE COATING RESINS MARKET IN 2019
FIGURE 11 COATING RESINS MARKET TO WITNESS MODERATE GROWTH BETWEEN 2020 AND 2025
FIGURE 12 POLYURETHANE TO BE THE FASTEST-GROWING SEGMENT BETWEEN 2020 AND 2025
FIGURE 13 ARCHITECTURAL COATINGS SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARES
FIGURE 14 INDIA TO EMERGE AS A LUCRATIVE MARKET FOR COATING RESINS BETWEEN 2020 AND 2025
FIGURE 15 DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS
FIGURE 16 CHINA TO ACCOUNT FOR THE LARGEST MARKET SHARE
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COATING RESINS MARKET
FIGURE 18 COATING RESINS: VALUE CHAIN ANALYSIS
FIGURE 19 VALUE CHAIN ANALYSIS (COATING RESINS): COST POINTS IN DIFFERENT SEGMENTS
FIGURE 20 PORTER��S FIVE FORCES ANALYSIS OF THE COATING RESINS MARKET
FIGURE 21 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2017�C2025
FIGURE 22 PERCENTAGE CHANGE IN CHEMICAL PRODUCTION DUE TO COVID-19 OUTBREAK WORLDWIDE BETWEEN DECEMBER 2019 AND FEBRUARY 2020, BY TYPE
FIGURE 23 ECONOMIC TRADE IMPACT (USD MILLION)
FIGURE 24 ACRYLIC TO BE THE LARGEST RESIN TYPE BETWEEN 2020 AND 2025
FIGURE 25 WATERBORNE COATINGS TO BE THE LARGEST TECHNOLOGY SEGMENT OF THE MARKET
FIGURE 26 TYPES OF WATERBORNE COATINGS
FIGURE 27 DRIVERS AND RESTRAINTS IN THE WATERBORNE COATINGS MARKET
FIGURE 28 TYPES OF POWDER COATINGS
FIGURE 29 DRIVERS AND RESTRAINTS IN THE POWDER COATINGS MARKET
FIGURE 30 TYPES OF HIGH SOLIDS COATINGS
FIGURE 31 DRIVERS AND RESTRAINTS IN THE HIGH SOLIDS COATINGS MARKET
FIGURE 32 TYPES OF RADIATION CURABLE COATINGS
FIGURE 33 DRIVERS AND RESTRAINTS IN THE RADIATION CURABLE COATINGS MARKET
FIGURE 34 ARCHITECTURAL COATINGS APPLICATION TO LEAD THE COATING RESINS MARKET
FIGURE 35 INDIA TO REGISTER THE HIGHEST CAGR BETWEEN 2020 AND 2025
FIGURE 36 APAC: COATING RESINS MARKET SNAPSHOT
FIGURE 37 EUROPE: COATING RESINS MARKET SNAPSHOT
FIGURE 38 NORTH AMERICA: COATING RESINS MARKET SNAPSHOT
FIGURE 39 COMPANIES ADOPTED EXPANSION AS THE KEY GROWTH STRATEGY BETWEEN 2016 AND 2020
FIGURE 40 ARKEMA: COMPANY SNAPSHOT
FIGURE 41 ARKEMA: SWOT ANALYSIS
FIGURE 42 BASF SE: COMPANY SNAPSHOT
FIGURE 43 BASF SE: SWOT ANALYSIS
FIGURE 44 DSM: COMPANY SNAPSHOT
FIGURE 45 DSM: SWOT ANALYSIS
FIGURE 46 ALLNEX NETHERLANDS B.V.: SWOT ANALYSIS
FIGURE 47 DOW: COMPANY SNAPSHOT
FIGURE 48 DOW: SWOT ANALYSIS
FIGURE 49 THE SHERWIN�\WILLIAMS COMPANY: COMPANY SNAPSHOT
FIGURE 50 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
FIGURE 51 POLYNT-REICHHOLD: COMPANY SNAPSHOT
FIGURE 52 COVESTRO: COMPANY SNAPSHOT
FIGURE 53 HUNTSMAN INTERNATIONAL LLC.: COMPANY SNAPSHOT

The study involves four major activities in estimating the current market size of coating resins. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; food safety organizations; regulatory bodies; trade directories; and databases.

Primary Research

The coating resins market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in applications, such as architectural coatings, marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, and others. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Coating Resins Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the coating resins market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and markets have been identified through extensive secondary research.
The industry��s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-+using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

To analyze and forecast the coating resins market in terms of value and volume
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
To analyze and forecast the size of the market based on resin type, technology, and application
To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa, and South America
To estimate and forecast the coating resins market at the country-level in each of the regions
To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
To analyze the competitive developments, such as new product launch, investment & expansion, merger & acquisition, and partnership & agreement in the market
To strategically identify and profile the key market players and analyze their core competencies1

Note: Core competencies1 of the companies are determined in terms of their key developments and key strategies to sustain in the market.

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the coating resins market, by country

Get in-depth analysis of the COVID-19 impact on the Coating Resins Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Coating Resins Market

Request For Special Pricing

Growth opportunities and latent adjacency in Coating Resins Market

Dr. Beth Ann9/13/2019 1:00:49 AM

Competitive analysis on coatings and resins

Luciano Izidoro11/30/2018 9:59:48 PM

Information on the resins market

Bree10/11/2018 12:33:43 AM

Want to get infor on resins: acrylic, PU, & Epoxy for building and construction Application

Anubhav3/31/2017 12:23:54 AM

Interested in specific information on historical and forecast growth of segments

Daniel5/30/2016 7:38:46 AM

Interested in Architectural Coatings market for Oceania

Report Code

CH 2772

Published ON

Apr, 2020

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Coating Resins Market

Coating Resins Market by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology (Waterborne, Solvent-borne), Application (Architectural, General Industrial, Automotive, Wood, Packaging), and Region - Global Forecast to 2025

The general industrial application segment is projected to witness the fastest growth during the forecast period.

The acrylic resin segment accounted for the largest share of the coating resins market in 2019.

APAC is the fastest-growing coating resins market.

Key Market Players

Scope of the report

By Resin Type:

By Technology:

By Application:

By Region

Recent Developments

Critical questions the report answers:

Frequently Asked Questions (FAQ):

What are the factors Influencing the growth of coating resins?

What are the major end-use industries for coating resins?

Which end-use industry accounts for largest share in coating resins industry?

Which resin type is expected to grow at the highest CAGR in the next five years?

Which technology is expected to grow at the highest CAGR in the coating resins market?

Who are the major manufacturers?

What is the biggest restraint for coating resins?

How do you see the demand for bio-based coating resin market?

Secondary Research

Primary Research

Market Size Estimation

Data Triangulation

Report Objectives

Available Customizations

Product Analysis

Regional Analysis

Company Information

Get in-depth analysis of the COVID-19 impact on the Coating Resins Market

Growth opportunities and latent adjacency in Coating Resins Market

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