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Coatings Resins Market is Gaining Momentum with Key Players
Coatings Resins Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/4696
Market Overview:
Coating resins are organic compounds widely used in decorative and industrial coatings to protect surfaces from extreme environmental conditions. These resins offer superior properties such as high durability, adhesion, corrosion resistance, and wear resistance. Key application industries include furniture, automotive, marine, and protective coatings. The market has seen the development of innovative bio-based coatings, further contributing to its growth potential.
Market Segmentation
By Resin Type:
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
- Vinyl
- Unsaturated Polyester Resin
- Saturated Polyester Resin (Most lucrative segment due to mechanical and chemical balance, dimensional stability, and ease of processing)
- Others
By Technology:
- Waterborne
- Conventional Solvent-Borne
- High-Solid Solvent-Borne
- Powder Coating
- Radiation-Cured (Fastest-growing segment due to lower VOC content and high resistance to scratches, impact, abrasion, and chemicals)
- Others
By Application:
- Architectural (Fastest-growing segment due to increasing housing market demand)
- Industrial
- Protective & Marine
- Automotive OEM
- Vehicle Refinish
- Others
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/coatings-resins-market/purchase-options
Key Market Insights:
- Radiation-cured coating resins are projected to grow at a significant CAGR of 6.30% from 2018 to 2025.
- Alkyd resins are expected to grow at a CAGR of 5.50% during the forecast period.
- The Asia-Pacific market is expected to grow at the highest CAGR of 5.80%, driven by rapid economic development and large-scale construction projects.
- Europe accounted for over 43% of the global market share in 2017.
- The U.S. held more than 57% of the North American market in 2017.
- In 2017, Asia-Pacific and Europe collectively contributed over 79% of the global coating resins market, driven by economic growth, increasing industrialization, urbanization, and favorable trade policies.
Key Market Players:
- Bayer AG
- Royal DSM
- The Sherwin-Williams Company (The Valspar Corporation)
- Polynt SpA
- Allnex Belgium SA/Nv
- Arkema S.A.
- BASF SE
- Momentive Specialty Chemicals, Inc.
- The Dow Chemical Company
- Evonik Industries AG
Conclusion
The global coating resins market is experiencing steady growth due to increasing demand in architectural and industrial applications. Innovations in bio-based coatings and eco-friendly technologies are further driving market expansion. With strong growth potential in Asia-Pacific and Europe, the market is expected to witness significant advancements in the coming years.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/coatings-resins-market
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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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