The global coating resins market is expected to generate around USD 43.06 billion by 2025, at a CAGR of around 5.2% between 2019 and 2025. Coating resins are coverings applied on an object’s surface to achieve the hardness and develop resistance to weather, corrosion, and stain.
Coating Resins Market
The report covers a forecast and an analysis of the coating resins market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on volume (Million Liters) and revenue (USD Billion). The study includes drivers and restraints of the coating resins market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the coating resins on a global level.
In order to give the users of this report a comprehensive view of the coating resins, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis, and the product portfolio of various companies according to the region.
The study provides a decisive view of the coating resins by segmenting the market based on type, technology, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes the demand for coating resins based on all segments in major countries, such as the UK, Germany, France, the U.S., and China.
By type, the coating resin market is segmented into alkyd, vinyl, polyurethane, acrylic, and epoxy. By technology, the market is segmented into solvent-borne, high solids, waterborne, radiation-cured, and powder coating. On the basis of application, the market is categorized into industrial, architectural, protective, and marine, vehicle refinish automotive OEM, and others.
Some major players operating in the global coating resins market are Dow Chemical, Arkema Coating Resins, Westlake Chemical Corporation, Momentive Specialty Chemicals, Inc., BASF, PCCR USA, Allnex, Royal DSM N.V., Nippon Shokubai Co. Ltd., Aekyung Chemical Co. Ltd., Evonik, Bayer A.G., Ferro Coating Resins, and Nuplex Industries Limited.
This report segments the global coating resins market into: