The Global Coating Resins Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively. The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.
Coating resins are powdered coatings basically made from synthetic material resin. Resin coatings are applied instead of paints to wood or metal surface with a static electric charge. These coating are prepared from raw materials like polyester, nylon and epoxy and acrylics. Thermoplastic powders, radiation cured powders and thermosetting powders are three major coating powder materials from which coating resins can be produced. Coating resins find a wide range of application in the consumer electronic appliances, metal coating, construction and automotive spare parts.
Construction is the major end-user segment dominating the rapid growth of the global coating resins market. Increased demand for high quality furniture from rich aspects of the modern society significantly boosts growth of this market. Coating resins provide an aesthetic appeal to wooden furniture and metal spare parts of automotive. This in turn is expected to upsurge the global coating resins market for the forecast. Increased demand for secure electronic appliance and wires is expected to open key opportunities for this market. Growth of the aerospace and marine industry is further expected to empower market growth for the forecast.
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Key players in the global coating market are:
- PCCR USA
- BASF SE
- Allnex
- Evonik
- Royal DSM N.V.
- Bayer A.G.
- Nuplex Industries Ltd.
- Dow Chemical
- Arkema Coating resins
- Momentive Specialty Chemicals, Inc.
SEGMENTATIONS IN REPORT:
Coating Resins By Product
- Acrylics
- Alkyds
- Epoxies
- Unsaturated Polyesters
- Urethanes
- Others (Including Amino Coating Resins, Etc.)
Coating Resins By Technology
- Solvent Borne
- Waterborne
- High Solids/Radiation Cures
- Powder
- Others (Including Hybrid Technology, Etc.)
Coating Resins By End-User
- Building & Construction
- Automotive
- Marine
- Electronics
- Furniture
- Others (Including Aerospace, Etc.)
Coating Resins By Geography
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
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The Global Coating Resins Market has been exhibited in detail in the following chapters –
Chapter 1 Coating Resins Market Preface
Chapter 2 Executive Summary
Chapter 3 Coating Resins Industry Analysis
Chapter 4 Coating Resins Market Value Chain Analysis
Chapter 5 Coating Resins Market Analysis By Product
Chapter 6 Coating Resins Market Analysis By Technology
Chapter 7 Coating Resins Market Analysis By End-User
Chapter 8 Coating Resins Market Analysis By Geography
Chapter 9 Competitive Landscape Of Coating Resins Companies
Chapter 10 Company Profiles Of Coating Resins Industry
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The global coating resins market is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins.
This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Industry Analysis, By Resins (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Formulating Technology (Water-based, Solvent-based, Powder, and Others), By End-use Industry (Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.How Did We Create This Report?As customer expectations are changing, the aspirations of dealers are also transforming rapidly.
To provide our clients with detailed information, we have conducted extensive primary and secondary research.
We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities.
We have also conducted a techno-economic study.Drivers & Restraints-Increasing Need to Develop Environmental-compatible Processes to Boost GrowthNowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in the increasing research and development activities worldwide.
These are meant for the development of bio-based polymers.
In the Report “Coating Resins Market: By Type (Acrylic, Alkyd, Amino, Epoxy, Others); By Formulation (Water, Solvent, Hot Melt, Others); By Application (Architectural, Automotive, F, Industrial, Others); By Geography - (2018-2023)” published by IndustryARC, the market drivers identified are the development of green, environmental-friendly and healthier coating systems, more durable coatings with better performance and better aesthetics, and lower costs and efficiency in use that will continue in coming years.America continues leading growth in the Coating Resins Market:America’s coating resins market is predicted to expand rapidly as compared to other regions,to generate a revenue of $11.78 million by 2023.
The European market for coating resins is expected to grow at a CAGR of 4% and to reach a revenue of $9.19 billion by 2023.Asia-Pacific with increased concentration of industrial clusters, accounted for 47% of the global market and is forecast to maintain its power over the coming years.
The region accounted for a revenue of $16.50 billion in 2017 and is estimated to grow with a CAGR of 4.4% through the forecast period to reach $20.22 billion by 2023.Selected Type Analysis done in the full Report:Acrylic resin holds the highest share for coating resins market revenue due to the increasing demand from the end user segments such as architecture and automotive applications.
The rise in cost was caused by the increasing demand for resin from India and China.
So, new investments mainly in China in the sectors of infrastructure, automotive and food sectors would present high opportunities for coating resin filling market.• New applications for the waterborne acrylic resins are the growth factors for this industry.
HELIOS Group, Reichhold LLC, Allnex Belgium SA/NV are some of the players that produce coating resins for architectural coatings application market.
