Coating Resins Market worth 37.9 Billion US$ till 2023 | Growth Factors, Business Developments, Segmentation and Technologies

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The Coating Resins Market size is projected to grow from US$ 29.5 Billion in 2018 to US$ 37.9 Billion by 2023, at a CAGR of 5.1%.The coating resins market is expected to witness growth owing to the growth of end-use industries, such as building & construction, packaging, general industrial automotive, marine, aerospace, and furniture; which is a key factor driving the growth of the coating resins market.

Top Key Players in the “Coating Resins Market” include are
• Arkema S.A. (France)
• BASF SE (Germany)
• Royal DSM N.V. (Netherlands)
• Allnex Netherlands B.V. (Germany)

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The polyurethane segment accounted for the largest share in coating resins market. Moreover, it is also projected to witness the highest CAGR during the forecast period because of its usage in varied applications. Powdered polyurethanes are mostly used in appliance coatings; for instance, refrigerators, dryer drums, range cabinets, and so on.

APAC is projected expected to be the fastest-growing market for coating resins. This growth is mainly attributed to factors, such as huge and increasing addressable population base, rapid and growing construction activity, and increase in the number of automobiles, and wooden furniture. Compared to the mature markets, the market in APAC is projected to grow at a high rate from 2018 to 2023.

The Study Objectives of this report are:

• To understand the structure of the coating resins industry by identifying its various subsegments

• To analyze the micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market

• To define, segment, and project the global market size of coating resins

• To analyze the competitive developments, such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements in the coating resins market

• To project the size of the market and its submarkets, in terms of value, with respect to the four major regions (along with their respective key countries)

• To profile key players and comprehensively analyze their core competencies

• To understand the competitive landscape and identify major growth strategies adopted by players across the key regions

#Complete report on Coating Resins Market spread across 181 Pages, profiling 11 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=300691 .

Reason to buy this report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenue numbers of the overall coating resins market and its sub segments. This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies

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