Coatings Resins Market Size, Share, Competitive Landscape and Trend Analysis Report Forecast

The global coating resins market is witnessing significant growth, driven by the increasing demand for eco-friendly coating systems, expansion in the automotive industry, and rising need for architectural coatings. According to Allied Market Research, the market generated $35.10 billion in 2017 and is projected to reach $52.90 billion by 2025, growing at a CAGR of 5.3% from 2018 to 2025. This growth is propelled by advancements in green technologies and bio-based coatings, though it faces challenges from fluctuating raw material prices and substitute products.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/4696

Key Drivers and Opportunities:

- Sustainability Focus: Growing awareness and regulatory pressures have led to an increased demand for environment-friendly and bio-based coatings, which create significant growth potential for the market.
- Automotive Industry Boom: With the expansion of the global automotive sector, the demand for coating resins, particularly in vehicle refinishing and OEM, is increasing.
Architectural Coatings Surge: The architectural segment is set to maintain its dominance due to the ongoing construction boom, registering the highest CAGR during the forecast period.
- Roadway Markings: There is also a rise in demand for durable coating resins for roadway markings, which contributes to market growth.

Challenges:

Raw Material Price Volatility: Fluctuating prices of raw materials pose a challenge to consistent market growth, alongside the development of alternatives to traditional coating resins.

Market Segmentation:

- By Type: Saturated polyester resins held the largest market share in 2017 and are expected to continue dominating the market, while the alkyd segment is projected to grow at a CAGR of 5.5%.
- By Technology: The radiation-cured coating resin segment accounted for the largest share in 2017 and is anticipated to register the highest growth with a CAGR of 6.3%.
- By Application: The architectural coatings segment accounted for the largest share and is forecasted to maintain this position, driven by the growing construction sector.
- Regional Outlook: Asia-Pacific and Europe collectively dominated the market, accounting for nearly 80% of the total market share in 2017. These regions are expected to maintain their leadership throughout the forecast period, with significant growth anticipated in the European Union.

Key Players: Leading companies in the market include Bayer AG, Sherwin-Williams (Valspar), Royal DSM, Polynt SpA, Allnex Belgium SA, BASF SE, Arkema S.A., Dow Chemical, Momentive Specialty Chemicals, and Evonik Industries AG.

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

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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.

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