𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 2024, Industry Trends, Size, Share, Growth and Forecast Till 2032

IMARC Group's report titled "𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞 (𝐀𝐜𝐫𝐲𝐥𝐢𝐜, 𝐄𝐩𝐨𝐱𝐲, 𝐏𝐨𝐥𝐲𝐮𝐫𝐞𝐭𝐡𝐚𝐧𝐞, 𝐀𝐥𝐤𝐲𝐝, 𝐕𝐢𝐧𝐲𝐥, 𝐏𝐨𝐥𝐲𝐞𝐬𝐭𝐞𝐫, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐖𝐚𝐭𝐞𝐫-𝐛𝐚𝐬𝐞𝐝 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬, 𝐒𝐨𝐥𝐯𝐞𝐧𝐭-𝐛𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬, 𝐏𝐨𝐰𝐝𝐞𝐫 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐀𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐚𝐥, 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥, 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐌𝐚𝐫𝐢𝐧𝐞, 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐎𝐄𝐌, 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐑𝐞𝐟𝐢𝐧𝐢𝐬𝐡, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The global market size reached US$ 40.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 56.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/coating-resins-market/requestsample

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐧𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

• 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲:

A significant driver of the coating resins market is the increasing stringency of environmental regulations. Governments worldwide are imposing stricter controls on volatile organic compound (VOC) emissions, which is leading to a shift towards water-based and high solids resins. These resins emit lower VOCs compared to their solvent-based counterparts. Additionally, there is a growing emphasis on sustainability, with manufacturers increasingly focusing on bio-based resins. These environment-friendly alternatives are derived from renewable resources and offer reduced carbon footprints, aligning with the global push for sustainability.

• 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐞𝐬𝐭𝐡𝐞𝐭𝐢𝐜𝐬:

Changing preferences and the importance of aesthetics are positively influencing the coating resins market. People today are more aware of the environmental impact of products they use, inclining towards eco-friendly coatings. Additionally, the increasing focus on aesthetics, with individuals demanding coatings that offer protection and visual appeal, is propelling the growth of the market. Furniture and decorative coatings are another area where aesthetics are paramount. People look for coatings that not only protect furniture but also enhance its visual appeal. This is driving innovation in the development of coatings that can mimic various wood grains, textures, and colors, allowing furniture manufacturers to create visually stunning pieces.

• 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬:

Innovations in resin technology are leading to the development of products with enhanced properties, such as improved durability, weather resistance, and faster curing times. This technological progression is expanding the application scope of coating resins, catering to more demanding and specialized industrial applications. Moreover, the integration of nanotechnology in resin formulations is resulting in superior performance characteristics. Nanoparticles can be incorporated into resin formulations to enhance specific properties like scratch resistance, self-cleaning capabilities, and antimicrobial properties. This technology has opened up new possibilities in various sectors, including automotive, marine, and construction coatings.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐧𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

• Allnex (PTT Global Chemical Public Company Limited)
• Arkema S.A.
• BASF SE
• Covestro AG
• Dow Inc.
• Evonik Industries AG
• Hexion Inc.
• Huntsman Corporation
• Mitsubishi Chemical Holdings Corporation
• Polynt S.p.A.
• The Sherwin-Williams Company.

𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐓𝐲𝐩𝐞:
• Acrylic
• Epoxy
• Polyurethane
• Alkyd
• Vinyl
• Polyester
• Others

Acrylic represents the largest segment due to its effectiveness and affordability.

𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:
• Water-based Coatings
• Solvent-borne Coatings
• Powder Coatings
• Others

Water-based coating accounted for the biggest market share as they are environment-friendly and easily available.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:
• Architectural
• Industrial
• Protective and Marine
• Automotive OEM
• Vehicle Refinish
• Others

Architectural accounts for the majority of the market share due to their dependence on aesthetic coatings to retain the functionality of structures.

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Asia Pacific's dominance in the coating resins market is attributed to substantial investment in research and development (R&D), leading to the production of coatings integrated with nanoparticles.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐚𝐭𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The development of smart and functional coatings is a direct result of technological advancements in resin chemistry. These coatings can respond to environmental stimuli, such as temperature, light, and pH, changing their properties in response. Electronic gadgets and devices are often coated with resins that provide not only protection but also a sleek and visually pleasing finish. The demand for slim and stylish electronic products is prompting manufacturers to invest in coatings that contribute to the overall aesthetics of their devices.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.imarcgroup.com/coating-resins-market

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/agricultural-testing-market

𝐑𝐮𝐛𝐛𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/rubber-additives-market

𝐏𝐚𝐥𝐦 𝐊𝐞𝐫𝐧𝐞𝐥 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/palm-kernel-oil-market

𝐋𝐢𝐭𝐡𝐢𝐮𝐦 𝐒𝐮𝐥𝐟𝐮𝐫 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/lithium-sulfur-battery-market

𝐈𝐧𝐬𝐞𝐜𝐭 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/insect-protein-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group

Email: sales@imarcgroup.com

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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