Coating Resins Market (By Type: Acrylic, Epoxy, Alkyd, Vinyl, Polyurethane, Amino, Polyester, Others; By Technology: Solvent Based, UV Cured, Water Based, High Solids; By Application: Industrial Coatings, Automotive Coatings, Wood Coatings, Protective Coatings, Architectural Coatings, Marine Coatings) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global coating resins Market is projected worth US$ 51.3 billion by 2026 and the market is projected to show case 5.0% CAGR during the forecast period. The coating resins market is driven by an increase in demand for paint & coatings in the automotive sector.

Market Dynamics

The rapid expansion in the automotive industry is driving the demand for paints and coatings that are durable; prevent corrosion; and improve the fuel efficiency of the vehicles. Growing population and development in economic conditions are the major factors that have resulted in an increase in expenditure on infrastructure development globally. This is projected to expand the demand for decorative coatings in the upcoming years. Also, the strict regulations are being levied on VOC emissions from paints and coatings. The solvent-based coating is the most extensively used coatings. However, the high VOC content in the coatings has led to the replacement by water-based formulations with VOC content. Amino resins and alkyd are the major segments expected to grow significantly in the global coating resins market.

Market Insights

The development of water-based technology is attributed to the surge in the adoption of low VOC emission coatings globally. Also, consumer awareness about the environmental impact of coating products is growing. The water-based coating is anticipated to hold the major share in the global coating resins market. Also, the development in the construction, and automotive industries and widespread adoption of innovative coating technologies are expected to create growth opportunities for the key manufacturers in the global coating resins market.

Market Classification

The global coating resins market is segmented into type, technology, application, and region. On the basis of type, the global coating resins market is segmented into Acrylic, Epoxy, Alkyd, Vinyl, Polyurethane, Amino, Polyester, and others. On the basis of technology, the global coating resins market is segmented into Solvent-based, UV Cured, and High Solids. On the basis of application, the global coating resins market is segmented into Industrial Coatings, Automotive Coatings, Wood Coatings, Protective Coatings, Architectural Coatings, and Marine Coatings. On the basis of the region, the global coating resins market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Based on the application, the global coating resins market can majorly be segmented into six sub-segments, which are industrial coatings, automotive coatings, wood coatings, protective coatings, architectural coatings, and marine coatings. The architectural coatings sub-segment is expected to dominate the global coating resins market. The segment is projected to expand at a significant pace during the forecast period owing to the growth in construction and infrastructure development and rise in consumption of paints and coatings in order to improve the aesthetic appearance of structures. The automotive coatings segment is expected to grow at a rapid pace during the forecast period. Also, the industrial coatings and marine coatings sub-segments are anticipated to create profitable opportunities for the coating resins market.

Regional Insights

The Asia Pacific region is expected to dominate the global coating resins market followed by North America and Europe region. Asia Pacific region is the key manufacturer of the paints and coatings products that are produced from coating resins. The coating resins market in the region is expected to increase at a rapid pace in the coming years owing to the substantial surge in consumption of paints and coatings in the region.

Market Participants

The major players associated with the coating resins market are Royal DSM N.V., Allenex Netherlands B.V., Lanxess, DIC Corporation, BASF SE, Arkema S.A, DosswDuPont, and Celanese Corporation, etc.The coating resins market experiences competition from other industries such as adhesives and packaging, as coating resins are employed in these industries as well.The global coating resins market is ruled by large players. Also, the presence of huge numbers of small and medium players are highly competitive in the global coating resins market.

Key manufacturers in the global coating resins market are focused on investing heavily in research and development activities in order to manufacture innovative coating resins for effective applications. Additionally, the key players in the global coating resins market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their business geographically as well as by capturing huge market share.

Market Segmentation

Market By Type

  • Acrylic
  • Epoxy
  • Alkyd
  • Vinyl
  • Polyurethane
  • Amino
  • Polyester
  • Others

Market By Technology

  • Solvent Based
  • UV Cured
  • Water Based
  • High Solids

Market By Application

  • Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Protective Coatings
  • Architectural Coatings
  • Marine Coatings

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


Related Reports

Oil Spill Dispersants Market (By Application: Onshore, Offshore) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction Oil spill is a general term used for contamination of sea, soil or land by oil or release by accident or mistake. Oil sources are spread throughout the world and are drilled both onshore and offshore. Since oil is a key source of energy, it is important that oil be consistently distributed and shipped. Oil is mainly transported by sea vessels and land pipelines. The ve

Nylon 6 & 66 Market (By Product: Nylon 66, Nylon 6; By Application: Automobile, Engineering Plastics, Electronics & Electrical, Textile, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction Nylon is a lightweight, tough synthetic polymer that is capable of producing as a molded, filamented and sheet object, and has a chemical structure. It is a thermoplastic, silky material that after melting process can be converted into films, fibers and forms. Two synthetic polymers are nylons 6 and 66 known to be polyamides used in the automotive, plastic and textile

Vanadium Market (By Application: Iron & Steel, Energy Storage, Chemical, Titanium Alloys) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

In 2017, the global Vanadium market was approximately 86.47 Kilotons and is expected to grow at the CAGR of 6.6% during the forecasted period 2019-2026. Vanadium is a chemical element discovered by Andrés Manuel del Río and atomic number 23. Owing to its various properties such as ductile and malleable transition metal it has found a wide array of application in vario

Organic Personal Care Market (By Application: Cosmetics, Skin, Oral, Hair Care, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Personal care are the products used for daily tasks for bathing, showering, dressing and toileting, applying creams and lotions, all in the comfort of the home. During last few years, there is a significant increase in the demand for the organic products which has ultimately boosted the market for the organic personal care. Wide arrays of organic products are available in the market which includes hair care, skin care, oral care, cosm

Emulsion Polymers Market (By Type: Acrylics, Vinyl Acetate Polymers, SB Latex; By Application: Paints & Coatings, Adhesives & Sealants, Paper & Paperboard) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Emulsion polymers are obtained through combination of monomer, surfactants, and water. Oil and water based are most commonly used emulsion polymers. Emulsion polymers are majorly used for paints & coatings, automotive applications as they exhibit low VOC. Regulations such as REACH and clean air act are the major factors driving the emulsion polymer market. The market research study on &

Automotive Wrap Films Market (By Film Type: Window Films, Wrap Films, Paint Protection Film; By Vehicle Type: Heavy Duty Vehicle, Medium Duty Vehicle, Light Duty Vehicle; By Application: Advertisement Purpose, Special Purpose) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Automotive wrap films are vinyl based graphic used on the paint of the vehicle for the purpose of enhancing the vehicle’s appearance. Automotive wrap films are also used to protect vehicle’s original paint from environmental hazards such as corrosion and dust. Average shelf life of an automotive wrap film is reported to be approximately five years, thereby making it cost effective. As they are affordable, hence they are al

Cart Summary