openPR Logo
Press release

Coating Resins Market - Positive Long-Term Growth Outlook 2023

Coating Resins Market - Positive Long-Term Growth Outlook 2023

The coating resins market in Asia Pacific demonstrates a highly fragmented vendor landscape, with the top eight companies holding approximately 59.5% of the market in 2014. The market is largely split between large-scale and medium-scale manufacturers. Due to the high level of competition prevailing in the market, the majority of the players have had to settle for marginal profits in their coating resins businesses, finds Transparency Market Research.

Development of waterborne technologies and innovation are expected to be key strategies adopted by the market players over the next few years. This will enable companies to gain a competitive advantage in the global coating resins market.

This 155 page report gives readers a comprehensive overview of the Coating Resins market. Browse Market Research Report @

Demand for Coating Resins to Increase in Response to Rising Construction Activities

“The uptick in construction activities in Asia Pacific is primarily fuelling demand for coating resins from the region,” said a lead TMR analyst. The overall living standard in the region has risen in response to the rising disposable income levels of consumers and rapid urbanization, subsequently accelerating construction activities in Asia Pacific. Since the use of advance building materials is regarded as being essential to meet the quality requirements for manufacturing decorative, protective, and architectural coatings, the demand for coating resins is expected to increase in Asia Pacific.

Furthermore, the use of coating resins has significantly increased in infrastructural construction as these are used in residential and non-residential constructions as well. These factors are creating lucrative opportunities for the coating resins manufacturers in Asia Pacific. Besides this, the demand for coating resins is also expected to increase from the automotive industry.

Overall, a paradigm shift has been noticed in consumer preference for vehicles as the focus has now shifted on cleaner fuels and lower emissions. At the same time, the aesthetic appeal, comfort, and safety in vehicles continues to remain a purchase decision influencer. Coating resins are often applied to protect their plastic and metal components of vehicles such as suspension and chassis under construction. They are also used to protect hard-wearing metal components in trucks.

Price Fluctuation of Raw Materials to Negatively Influence Coating Resins Sales in Asia Pacific

Fluctuations in the prices of raw materials are expected to dampen the market’s growth in Asia Pacific to an extent. Raw materials that go into the production of coating resins are derived from petrochemicals. Due to the wide application of these raw materials across diverse industries, their price tends to fluctuate by a wide range. This existing volatility in raw material prices is negatively influencing the coating resins market in Asia Pacific. “Besides fluctuating raw material prices, stringent government regulations intended to curb VOC emissions will have an adverse impact on the market,” added the TMR analyst.
Nevertheless, coating resins manufacturers are expected to witness lucrative opportunities in Vietnam. According to TMR, Vietnam is expected to emerge as the fastest growing market for coating resins by the end of 2023. Rapid urbanization and industrialization witnessed in the country are expected to fuel demand for coating resins from its construction, marine, and building and automotive industries. This will provide lucrative opportunities for the coating resins manufacturers to capitalize on in the near future.

Get accurate market forecast and analysis on the Coating Resins market. Request a sample to stay abreast on the key trends impacting this market@

According to TMR, the global coating resins market stood at US$4.3 bn in 2014. Rising at a CAGR of 5.9%, the market is expected to reach US$7.2 bn by the end of 2023. By end users, the building and construction segment led the market with a share of 38.2% in terms of volume in 2014. China in the same year emerged as the largest market for coating resins holding over 59.5% of the market in terms of volume.

This review is based on information published by TMR in a report, titled “Coating Resins Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways:
Building and construction segment to account for 2% of the demand for coating resins reported in Asia Pacific in 2014.
China contributed to 59.5% of the overall demand for coating resins in Asia Pacific in 2014.
Rising demand for coating resins in Vietnam to fuel market’s growth in the near future.

The coating resins market in Asia Pacific has been segmented as follows:

Coating Resins Market - Asia Pacific Product Segment Analysis
Unsaturated polyesters
Others (Including amino coating resins, etc.)

Coating Resins Market – Asia Pacific Technology Analysis
High solids/radiation cures
Others (Including hybrid technology, etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Visit Blog :

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Coating Resins Market - Positive Long-Term Growth Outlook 2023 here

News-ID: 552181 • Views: 248

More Releases from Transparency Market Research

Powder Coatings Market to Reach US$ 16,203.14 Mn by 2026 Need for Increased Agri …
The demand within the global powder coatings market is slated to grow by leaps and bounds in the years to follow. The need for coating several materials and products with protective layers has played a vital role in the growth of the global powder coatings market. Request Overview - Furthermore, advancements in organic as well as polymer chemistry have paved way for key developments within the market. Several industrial manufacturers acknowledge
Fumigation Products Market to Reach a Value of US$ 1.2 Bn by 2027-Lack of Awaren …
Fumigation Products Market: Key Highlights The global fumigation products market was valued at ~US$ 820 Mn in 2018, and is anticipated to expand at a CAGR of ~4% during the forecast period. The global fumigation products market is driven by the rise in the demand for warehouses/storage and residential applications North America accounts for a major share of the global fumigation products market, led by an increase in the demand for residential housing,
Inks Market will Generate Revenue of US$ 21.2 Bn by 2027- Technological Advancem …
Global Inks Market: Key Highlights The global inks market was valued at ~US$ 15.9 Bn in 2018, and is anticipated to expand at a CAGR of ~3% from 2019 to 2027. Rise in population and urbanization is fueling global trade, and subsequently, the use of packaging. Online trade is further increasing the need for packaging. Products are also being consumed immediately, which is driving the need for food service packaging and
Zinc-Bromine Battery Market to Reach Value US$ 23 Mn by 2027 Enhancing Storage i …
The global zinc-bromine battery market was valued at ~US$ 5 Mn in 2018, and is anticipated to expand at a CAGR of ~18% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR). Increase in the demand for zinc-bromine batteries in power distribution applications is one of the major factors driving the zinc-bromine battery market. In terms of consumption, Asia Pacific accounted for a

All 5 Releases

More Releases for Asia

RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the