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  • 18 July 2019 21:48

Coating Resins Market By Resin Type, Application, And Region & Global Forecast To 2028

Coating Resins Market By Resin Type (Acrylic, Alkyd, Vinyl, Polyurethane, And Others), By Application (Architectural Coatings, Automotive Coatings, General Industrial Coatings, And Others), And Region - Global Forecast To 2028

Global Coating Resins Market: Introduction

Coating resins are polymer compounds manufacture from synthetic and natural origin. These resins are utilized as primary components in production of coatings and paints. These resins act as a shield layer for various objects and are primarily used to offer resistance to corrosion, weather, hardness, and stain. The global Coating Resins Market is estimated to value at nearly US$ 36 Bn in 2019, and is expected to register a CAGR of 6.3%.

Global Coating Resins Market: Dynamics

High utilization of coating resins in a wide range of applications such as architectural coatings, industrial coatings, liquid coatings, metal coatings, paint and coatings, paint resin manufacturing, and wood coatings, coupled with increasing investments by major players for construction of new manufacturing plants and expansion are other key factors expected to drive growth of the global coating resins market in the near future.

Increasing developments related to interior and exterior wall coatings to enable temperature control in buildings, and growing use of additives in mortar and cement to enhance strength of buildings and weather-proofing are some other key factors expected to drive market growth to a significant extent

Coating resins also enhance properties of mortar, improve brittleness of traditional cement, enhance flexibility and tensile bond strength, and reduce incidence of cracks in cement. Polymer and cement mortar form an interpenetrating network structure and a continuous polymer film in pores. As a result, polymer modified mortar is superior to ordinary cement mortar in all properties after hardening. This is expected to result in high demand for such products.

Analysis By Segmentation:

The market report has been segmented on the basis of resin type, application, and region. The resin type segments include acrylic, alkyd, vinyl, polyurethane, epoxy, amino, unsaturated polyester, and saturated polyester. The application segment includes architectural coatings, automotive coatings, general industrial coatings, high performance coatings, wood coatings, and packaging coatings. The region includes the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Resin Type:

The saturated polyester segment is expected to register highest CAGR of over 6.8% over the forecast period in the global market

By Application:

The architectural coatings segment is expected to register highest CAGR of over 6.5% over the next 10 years

By Region:

The market in Asia Pacific is expected to register highest CAGR of over 6.7% in the global coating resins market

Global Coating Resins Market: Competitive Analysis

The research report on the global coating resins market includes profiles of some of the major companies such as Arkema S.A., BASF S.E, Royal DSM N.V., DowDuPont Inc. (E. I. du Pont de Nemours and Company and The Dow Chemical Co.), Allnex Belgium SA/NV, Hexion Inc. (Momentive Specialty Chemicals GmbH), Evonik Industries AG, The Sherwin-Williams Company (The Valspar Corporation), and Polynt S.p.A. (PCCR USA, Inc.).

The Global Coating Resins Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global coating resins market for 2018–2028.

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