Coating Resins Market
Global Coating Resins Market Size, Share & Trends Analysis Report by Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Vinyl, Polyurethane, and Others), By Formulating Technology (Water-Borne Coatings, Solvent-Borne Coatings, Powder Coatings, and Others), By End-Use Industry (Building & Construction, Transportation, Packaging, Consumer Goods, and Others) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global coating resins market is projected to grow at a CAGR of 3.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the increasing demand for the coating resins from the end-use industries such as building & construction, transportation, packaging, consumer goods, and others. A growing number of investments, infrastructural development across the globe, development of advanced vehicles, rising aerospace industry are some other factors that enhance the demand for these coatings, which, hence, contributes to the growth of the market during the forecast period.
Technological advancements in the coating resin are another major aspect that drives the growth of the market during the forecast period. The advent of thin-film powders, UV-cured powders, lower-temperature cured powders, and high-heat resistant powders are some of the technologically advanced coating resins that contribute to the growth of the market. Medium-density fiberboard (MDF), which is a combination panel bonding synthetic resin with wood particles, is considered as one of the most important advancements in powder coatings.
It possesses various properties such as low porosity and homogeneous surface, due to which it is highly suitable for powder coating for finishing applications. End products such as doors, kitchen and bath cabinets, office furniture, store fixtures, and displays, and ready-to-assemble furniture for offices and homes are some of the end products on which this coating is done. Hence, the advancements in the coating are likely to aid the market growth during the forecast period.
Segmental Outlook
The global coating resins market is segmented on the basis of resin type, formulating technology, and end-use industry. Based on the resin type, the market is segmented as acrylic, epoxy, polyester, alkyd, vinyl, polyurethane, and others. Based on the formulating technology, the market is segmented as water-borne coatings, solvent-borne coatings, powder coatings, and others. Whereas, based on the end-use industry, the market is segmented as building & construction, transportation, packaging, consumer goods, and others.
Building & Construction Industry to Hold a Significant Share in the Global Coating Resins Market
Amongst the end-use industry segment of the global coating resins, the building & construction industry segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to an increased demand for the coating resins from the building & construction industry across the globe. Rapid urbanization, industrialization, and infrastructural development across the globe are some of the key aspects that contribute to the growth of the building & construction industry across the globe, which, in turn, encourages the demand for the coating resins market during the forecast period. On the other hand, the transportation industry is also likely to significantly contribute to the growth of the global coating resins market during the forecast period.
Global Coating Resins Market, By End-Use Industry 2020 (%)
Regional Outlook
The global coating resins market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the coating resins market in the region. The regional growth of the market is accredited to the growing transportation industry in the region. China is the global leader in automotive production and sales.
Moreover, the Chinese Central Government expects that China’s automotive output will touch 30 million units by 2020 and 35 million by 2025. Also, China occupies about 30% of the total vehicle market and 35% of the passenger vehicle market. These facts and figures provide an immense opportunity for the coating resins market in the country. Similarly, the Indian automotive industry is also on the rise supported by various government schemes which are also likely to significantly contribute to the growth of the market during the forecast period.
Global Coating Resins Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global coating resins market include Arkema SA, BASF SE, Bayer AG, Covestro AG, Eastman Chemical Co., Evonik Industries AG, Huntsman International LLC, Mitsubishi Chemical Corp., Royal DSM NV, The Dow Chemical Co., and Toray Industries Inc. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global coating resins market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Coating Resins Industry
• Recovery Scenario of Global Coating Resins Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Impact of Covid on Key Players
3.4. Key Company Analysis
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Coating Resins Market by Resin Type
5.1.1. Acrylic
5.1.2. Epoxy
5.1.3. Polyester
5.1.4. Alkyd
5.1.5. Vinyl
5.1.6. Polyurethane
5.1.7. Others
5.2. Global Coating Resins Market by Formulating Technology
5.2.1. Water-Borne Coatings
5.2.2. Solvent-Borne Coatings
5.2.3. Powder Coatings
5.2.4. Others
5.3. Global Coating Resins Market by End-Use Industry
5.3.1. Building & Construction
5.3.2. Transportation
5.3.3. Packaging
5.3.4. Consumer Goods
5.3.5. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Allnex Netherlands BV
7.2. Arkema SA
7.3. BASF SE
7.4. Bayer AG
7.5. Covestro AG
7.6. Eastman Chemical Co.
7.7. Evonik Industries AG
7.8. Hexion Inc.
7.9. Huntsman International LLC
7.10. Mitsubishi Chemical Corp.
7.11. Polynt-Reichhold SPA
7.12. Royal DSM NV
7.13. The Dow Chemical Co.
7.14. The Sherwin-Williams Co.
7.15. Toray Industries Inc.
7.16. Wacker Chemie AG
1. GLOBAL COATING RESINS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2020-2027 ($ MILLION)
2. GLOBAL ACRYLIC COATING RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL EPOXY COATING RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL POLYESTER COATING RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL ALKYD COATING RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL VINYL COATING RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL POLYURETHANE COATING RESINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OTHER COATING RESIN TYPES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL COATING RESINS MARKET RESEARCH AND ANALYSIS BY FORMULATING TECHNOLOGY, 2020-2027 ($ MILLION)
10. GLOBAL WATER-BORNE COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL SOLVENT-BORNE COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL POWDER COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL OTHER TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL COATING RESINS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2020-2027 ($ MILLION)
15. GLOBAL BUILDING & CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL OTHER END-USE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL COATING RESINS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
21. NORTH AMERICAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. NORTH AMERICAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2020-2027 ($ MILLION)
23. NORTH AMERICAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY FORMULATING TECHNOLOGY, 2020-2027 ($ MILLION)
24. NORTH AMERICAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2020-2027 ($ MILLION)
25. EUROPEAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. EUROPEAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2020-2027 ($ MILLION)
27. EUROPEAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY FORMULATING TECHNOLOGY, 2020-2027 ($ MILLION)
28. EUROPEAN COATING RESINS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2020-2027 ($ MILLION)
29. ASIA-PACIFIC COATING RESINS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
30. ASIA-PACIFIC COATING RESINS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2020-2027 ($ MILLION)
31. ASIA-PACIFIC COATING RESINS MARKET RESEARCH AND ANALYSIS BY FORMULATING TECHNOLOGY, 2020-2027 ($ MILLION)
32. ASIA-PACIFIC COATING RESINS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2020-2027 ($ MILLION)
33. REST OF THE WORLD COATING RESINS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2020-2027 ($ MILLION)
34. REST OF THE WORLD COATING RESINS MARKET RESEARCH AND ANALYSIS BY FORMULATING TECHNOLOGY, 2020-2027 ($ MILLION)
35. REST OF THE WORLD COATING RESINS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2020-2027 ($ MILLION)
1. GLOBAL COATING RESINS MARKET SHARE BY RESIN TYPE, 2020 VS 2027 (%)
2. GLOBAL COATING RESINS MARKET SHARE BY FORMULATING TECHNOLOGY, 2020 VS 2027 (%)
3. GLOBAL COATING RESINS MARKET SHARE BY END-USE INDUSTRY, 2020 VS 2027 (%)
4. GLOBAL COATING RESINS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. US COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
6. CANADA COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
7. UK COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
8. FRANCE COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
9. GERMANY COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
10. ITALY COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
11. SPAIN COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
12. ROE COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
13. INDIA COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
14. CHINA COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
15. JAPAN COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
16. ASEAN COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
17. SOUTH KOREA COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF ASIA-PACIFIC COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
19. REST OF THE WORLD COATING RESINS MARKET SIZE, 2020-2027 ($ MILLION)
