Chat with us, powered by LiveChat

Loading...

Coatings Resins Market Report

RA00318

Coatings Resins Market, by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy, Others), Technology (Water-Borne, Solvent-Borne, High Solid, Powder Coatings, Radiation Cured), Application (Architectural, Industrial, Marine, Automotive, Vehicle Refinishes, Others), End-User (Building & Construction, Packaging, General Industrial, Automotive, Marine, Aerospace, Furniture): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA00318

Pages: 140

May 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Coatings Resins Market

The global coatings market will witness significant growth due to the growing usage of smart coatings. Developing markets and increasing buying power are some other drivers which are projected to boost market expansion.

Coatings Resins Market, Analysis:

Coatings resins are organic compounds that are mainly used in the production of coatings and paints. The utilization of coatings resins have been the highest for architectural coatings due to growing construction activities in the recent years.  Coatings resins are used to strengthen an object's structure against harsh environmental conditions. These resins are commonly used in the furniture, marine, and transportation sectors.

Increasing demand from end-users is expected to drive the global coatings resins market:

The need for fuel coatings resins for its benefits like fire-resistance and convenience of usability is expected to boost the demand for electrical wire used in automotive, residential, and commercial applications. Increasing usage of automotive refinish coatings in vehicle maintenance is projected to drive the coatings resins market. Moreover, growing demand for elegant architectural structures and stylish furnishings is also estimated to increase the demand for coatings resins over the projected period.

Rising cost of raw materials is anticipated to restrain the growth of the global coatings resin market:

The rising prices of raw materials are the major barrier to the growth of the coatings resin market. Some raw materials used in the manufacturing process of resins are pigments, solvents, and additives. The rising prices of raw materials add extra costs in the resins manufacturing process which eventually increases the price of end-products. This factor is foreseen to decline the growth of the coatings resins market.

Increasing demand for green coatings resins to create enormous opportunities for the global coatings resins market:

Eco-friendly products are increasingly gaining popularity in the worldwide market due to the enforcement of strict EU regulations, which is boosting the demand for coatings resins. Moreover, smart coatings technologies such as waterborne alkyd are replacing traditional ones. Also, the rising demand from the construction and manufacturing sectors is foreseen to provide lucrative opportunities for the growth of the global coatings resins market.

Coatings Resins Market, by Resin Types:

Acrylic resin type segment will be most lucrative till 2027

By resin type, the coatings resin market can be classified into acrylic, alkyd, polyurethane, vinyl, epoxy, and others. Amongst these, the acrylic coatings segment is most commonly used and is highly in-demand as it is waterproof, low in cost, and acts as a protection against stains. The acrylic coatings segment holds a dominating market share and is expected to continue dominating the market in the forecasting period.

Coatings Resins Market, by Technology:

Water-borne resins segment will register a significant growth till 2027

Based on technology, the coatings resins market is segmented into water-borne, solvent-borne, high solid, powder coatings, and radiation cured. Out of these, the water-borne resins segment holds a major market share and is estimated to continue dominating the market in the upcoming period. This is due to the increasing consumption of the water-borne resins by manufacturers of automobiles and décor. Water-borne resins are cost-effective and have superior quality.

Coatings Resins Market, by Applications:

Architectural application segment will be most lucrative till 2027

By applications, the coatings resins market is divided into architectural, industrial, marine, automotive, vehicle refinishes, and others. Out of these, the architectural application is anticipated to be the fastest-growing segment in the upcoming period. This is due to the rising demand for residential construction as a result of the growing population worldwide.

Coatings Resins Market, by End-Users:

Building & construction segment is estimated to dominate the coatings resins market 

Based on end-users, the coatings resins market is bifurcated into building & construction, packaging, general industrial, automotive, marine, aerospace, and furniture. Amongst these, the building & construction segment holds a dominating market share in the coatings resins market. This is due to growing construction activities in developing countries and increasing investments in the coatings resins market.

Coatings Resins Market, by Region:

Asia-Pacific region will have lucrative opportunities for market investors

The global coatings resins market is analyzed across North America, Europe, Asia-Pacific, LAMEA regions. The Asia-Pacific region dominates the market share and is expected to be at the forefront in the upcoming years. This is due to rapid growth in construction activities in emerging nations like India, China, Singapore, and Malaysia. Furthermore, rising government and foreign investments is another factor driving the market growth in these regions.

To explore more about Global Coatings Resins Market, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/318

Key Participants in the Global Coatings Resins Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Key Participants in the Global Coatings Resins Market

Some of the major key players in the global coatings resins market are Dow Inc., Hexion Inc, Koninklijke DSM N.V., BASF SE, The Valspar Co., Arkema S.A, Nuplex Industries Ltd., Allnex, Evonik Industries AG, Bayer AG, and others.

Market Players prefer inorganic growth strategies to expand into local markets. Coatings resins market players are emphasizing more on mergers& acquisitions and advanced product developments. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the Porter’s five forces model is explained in the report.

Aspect

Particulars

  Historical Market Estimations

  2018-2029

  Base Year for Market Estimation

  2019

  Forecast timeline for Market Projection

  2020-2027

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Resin Type

  • Acrylic
  • Alkyd
  • Polyurethane
  • Vinyl
  • Epoxy

  Segmentation by Technology

  • Water-Borne
  • Solvent-Borne
  • High Solid
  • Powder Coatings
  • Radiation Cured

  Segmentation by Application

  • Architectural
  • Industrial
  • Marine
  • Automotive
  • Vehicle Refinishes

  Segmentation by End-User

  • Building & Construction
  • Packaging
  • General Industrial
  • Automotive
  • Marine
  • Aerospace
  • Furniture

  Key Countries Covered

U.S., Canada, Germany, France, Spain,

Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Dow Inc.
  • Hexion Inc
  • Koninklijke DSM N.V.
  • BASF SE
  • The Valspar Co.
  • Arkema S.A
  • Nuplex Industries Ltd.
  • Allnex
  • Evonik Industries AG
  • Bayer AG

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. Dow Inc., Hexion Inc., and Koninklijke DSM N.V. are some of the key players in the global coatings resins market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Technological advancements, product developments along with joint ventures are the key strategies opted by the companies operating in this market.

A. BASF SE, The Valspar Co., and Arkema S.A are the companies that are investing profoundly in R&D activities for developing new products and technologies.

Research Methodology

Purchase Options

Enquire To Buy

Personalize this research

  • Triangulate with your own data
  • Get Data as per your format and defination
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed