Coatings Resins Market Analysis and Forecast to 2025 by Recent Trends, Developments in Manufacturing

The global coating resins market has been on the rise, reaching $35.10 billion in 2017 and projected to hit $52.90 billion by 2025, with a compound annual growth rate (CAGR) of 5.3% from 2018 to 2025. This growth is attributed to factors like the demand for eco-friendly coating systems, the global automotive industry's expansion, increased architectural coatings demand, and a surge in coating resins for roadway markings. Despite these positives, challenges like raw material price fluctuations and potential substitutes hinder market growth. However, opportunities arise with the development of bio-based coatings and a focus on green initiatives.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/4696

The COVID-19 pandemic impacted the industry, leading to a temporary reduction in coating resins revenue due to restrictions on application industries such as protective & marine, automotive OEM, and vehicle refinish. The non-essential categorization of coating resins affected their supply chain and manufacturing during the global lockdown.

The report provides a detailed segmentation of the market based on type, technology, application, and region. Saturated polyester resin dominated in 2017, maintaining its position, while the alkyd segment is expected to witness a 5.5% CAGR. Radiation cured coating resin technology held the largest share and is anticipated to continue leading with a 6.3% CAGR.

Architectural applications held the largest share and are expected to maintain it, exhibiting the highest CAGR. Region-wise, Asia-Pacific and Europe contributed the most, holding nearly four-fifths of the market share in 2017, with the European Union's economy expected to grow significantly from 2018 to 2025.

Key players in the market include Bayer AG, The Sherwin-Williams Company, Royal DSM, Polynt SpA., Allnex Belgium SA/Nv, BASF SE, Arkema S.A., The DOW Chemical Company, Momentive Specialty Chemicals, Inc., and Evonik Industries AG.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/coatings-resins-market

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