The Resins in Paints and Coatings Market size is estimated at USD 37.45 billion in 2024, and is expected to reach USD 48.05 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
The outbreak of COVID-19 brought several short-term and long-term consequences across various industries, which, in turn, affected the resins in paints and coatings market across the world. Restrictions on industrial activities, supply chain disruptions, and labor shortages negatively affected the market studied. However, the sector has been recovering since 2021 and witnessed growth in 2022 as well.
The global resins in paints and coatings market is fragmented in nature. Some of the major players in the market include Arkema, BASF SE, Dow, Evonik Industries AG, and Covestro.
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