Global Coating Resins Market Size, Trends, & Growth Opportunity By Type (Saturated Polyester Resin, Unsaturated Polyester Resin, Vinyl, Alkyd) , By Technology (Radiation Cured, Powder Coating, High Solid, Solvent Borne) By Application (Vehicle Refinish, Automotive OEM, Protective & Marine, Industrial), By Region and Forecast till 2027.
Global Coating Resins Market
The global coating resins market was valued at USD 39.10 billion by 2021 and is expected to reach USD 50.88 billion by 2027 at a CAGR of 4.53 %from 2022-2027.
Coating resins are polymer compounds that are utilized as main ingredients in the production of paints and coatings. These resins serve as protective layers for numerous things and are solely used to give hardness, corrosion, stain, and weather resistance. The manufacturing of formation coating resins is based on several procedures, such as radiation curing, powder coating, high-solids, solvent borne, and water-borne.
Market Drivers
Increased demand from end-use sectors such as automotive, protective & marine, industrial, and architectural is predicted to drive the expansion of the worldwide coating resins business. Furthermore, an increase in demand for roadway markings, as well as an increase in residential and commercial construction are industry boosting factors predicted to push market expansion during the projection period. Additionally, the increased production of automobiles is likely to promote the expansion of the worldwide coating resin market. The high demand for coating resins due to their weather resilience will significantly fuel market growth throughout the forecast period.
Market Restraints
However, volatility in raw material prices, as well as rigorous laws and regulations, are projected to limit the growth of the worldwide coating resins market.
Market Segmentation
Global Coating Resins The market is segmented into type, such as saturating polyester resin, unsaturating polyester resin, vinyl, alkyd, polyurethane, epoxy, acrylic, and others, and by technology, such as radiation curing, powder coating, high solids, solvent-borne, and water-borne. Further, the market is segmented into application, such as vehicle refinish, automotive OEM, protective & marine, industrial, architectural, and others.
Regional Analysis Also, the global coatings market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific has long been recognised. The region features several different types of economies, all of which are at various stages of growth. Rapid economic growth and considerable investments in sectors such as automotive, consumer goods and appliances, building and construction, and furnishings have significantly contributed to the region's wealth.
Market Key Players
Various key players are discussed in this report, such as Mitsubishi Chemical Corporation, Huntsman International L.L.C., Covestro, Polynt-Reichhold, Evonik Industries Ag, The Sherwin Williams Company, Dow, Allnex Netherlands B.V., DSM, and BASF SE.
Market Taxonomy
By Type
- Saturated Polyester Resin
- Unsaturated Polyester Resin
- Vinyl
- Alkyd
- Polyurethane
- Epoxy
- Acrylic
- Others
- Radiation Cured
- Powder Coating
- High Solid
- Solvent Borne
- Waterborne
- Vehicle Refinish
- Automotive OEM
- Protective & Marine
- Industrial
- Architectural
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Coating Resins Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Coating Resins Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Coating Resins Market Share Analysis, By Type
- 5.3 Global Coating Resins Market Size and Forecast, By Type
- 5.3.1 Saturated Polyester Resin
- 5.3.2Unsaturated Polyester Resin
- 5.3.3Vinyl
- 5.3.4Alkyd
- 5.3.5Polyurathane
- 5.3.6Epoxy
- 5.3.7Acrylic
- 5.3.8Others
- 6 Global Coating Resins Market, By Technology
- 6.1 Y-o-Y Growth Comparison, By Technology
- 6.2 Global Coating Resins Market Share Analysis, By Technology
- 6.3 Global Coating Resins Market Size and Forecast, By Technology
- 6.3.1 Radiation Cured
- 6.3.2 Powder Coating
- 6.3.3 High Solid
- 6.3.4Solvent Borne
- 6.3.5Waterborne
- 7 Global Coating Resins Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Coating Resins Market Share Analysis, By Application
- 7.3 Global Coating Resins Market Size and Forecast, By Application
- 7.3.1 Vehicle Refinish
- 7.3.2 Automotive OEM
- 7.3.3Protective & Marine
- 7.3.4Industrial
- 7.3.5Architectural
- 7.3.6Others
- 8Global Coating Resins Market, By Region
- 8.1 Global Coating Resins Market Share Analysis, By Region
- 8.2 Global Coating Resins Market Share Analysis, By Region
- 8.3 Global Coating Resins Market Size and Forecast, By Region
- 9 North America Coating Resins Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Coating Resins Market Share Analysis, By Type
- 9.3 North America Coating Resins Market Size and Forecast, By Technology
- 9.4 North America Coating Resins Market Size and Forecast, By Application
- 9.5 North America Coating Resins Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Coating Resins Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Coating Resins Market Share Analysis, By Type
- 10.3 Europe Coating Resins Market Size and Forecast, By Technology
- 10.4 Europe Coating Resins Market Size and Forecast, By Application
- 10.5 Europe Coating Resins Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Coating Resins Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Coating Resins Market Share Analysis, By Type
- 11.3 Asia Pacific Coating Resins Market Size and Forecast, By Technology
- 11.4 Asia Pacific Coating Resins Market Size and Forecast, By Application
- 11.5 Asia Pacific Coating Resins Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Coating Resins Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Coating Resins Market Share Analysis, By Type
- 12.3 Latin America Coating Resins Market Size and Forecast, By Technology
- 12.4 Latin America Coating Resins Market Size and Forecast, By Application
- 12.5 Latin America Coating Resins Market Size and Forecast, Country
- 13Middle East Coating Resins Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Coating Resins Market Share Analysis, By Type
- 13.3 Middle East Coating Resins Market Size and Forecast, By Technology
- 13.4 Middle East Coating Resins Market Size and Forecast, By Application
- 13.5 Middle East Coating Resins Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Mitsubishi Chemical Corporation
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Huntsman International LLC
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Covestro
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Polynt-Reichhold
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Evonik Industries AG
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 The Sherwin Williams Company
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 DOW
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Allnex Netherlands B.V
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 DSM
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 BASF SE
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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