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Coatings Resins Market Analysis and Forecast to 2025 by Recent Trends, Developments in Manufacturing
AMR
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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.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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