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Coating Resins Market Expected to Grow at 48.8 Billion In Revenue by 2025

04-24-2020 07:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Coating Resins Market Expected to Grow at 48.8 Billion In Revenue

According to Market Study Report, Coating Resins Market provides a comprehensive analysis of the Coating Resins Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Coating Resins Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Coating Resins Market is projected to grow from USD 38.7 Billion in 2020 to USD 48.8 Billion by 2025, at a CAGR of 4.7% between 2020 and 2025. This report spread across 207 pages, profiling 32 companies and supported with 133 tables and 53 figures are now available in this research.

Top Key Players Profiled in the Coating Resins Market:
o Arkema (France)
o BASF (Germany)
o DSM (Netherlands)
o Allnex Netherlands B.V. (Germany)
o Dow (US)
o The Sherwin-Williams Company (US)

"Architectural coatings application is projected to be the largest segment of the coating resins market."
The architectural coatings application is expected to lead the overall coating resins market, in terms of value, between 2020 and 2025.Architectural coatings include decorative and functional products, such as paints, stains, lacquers, and primers. These products include interior and exterior coatings- solvent-borne and waterborne. Their primary applications include residential and commercial coatings. The drivers for the global architectural coatings market are with the increasing construction activities.

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"Polyurethane resin is the fastest-growing segment of the coating resins market."
Polyurethane is a versatile material, which can be tailored based on hardness, cure speeds, viscosities, mechanical, and thermal properties for many different applications. The radiation-cured polyurethanes are often used on plastic substrates that require only low or moderate curing temperatures, such as clear overprint lacquers on vinyl decals, electronic circuit boards, "no-wax" vinyl floorings, and tiles.

"APAC is the largest coating resins market."
APAC is projected to be the largest as well as the fastest-growing market in terms of both volume and value during the forecast period. The region encompasses countries with different levels of economic development. The market growth in the region is mainly attributed to its high economic growth rate and heavy investments across industries, such as automotive, consumer goods & appliances, building & construction, and furniture.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 27%, Tier 2 - 37%, and Tier 3 - 36%
o By Designation: C Level - 33%,D Level - 25%, and Others - 42%
o By Region: APAC - 37%, North America - 18%, Europe - 27%, South America- 9%,and the Middle East & Africa- 9%

Competitive Landscape of Coating Resins Market
1 Overview
2 Key Market Players
3 Competitive Scenario
3.1 Merger & Acquisition
3.2 New Product Launch
3.3 Investment & Expansion
3.4 Joint Venture & Agreement

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Research Coverage:
The coating resins market has been segmented based on resin type (acrylic, alkyd, polyurethane, vinyl, epoxy), technology (waterborne, solvent-borne), and application (architectural, general industrial, automotive, wood, packaging), and region (APAC, Europe, North America, Middle East &Africa, and South America). The applications and type segments are further analyzed for each country in the respective regions.

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