According to the new market research
report “Coating Resins Market by
Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology
(Waterborne, Solvent-borne), Application (Architectural, General Industrial,
Automotive, Wood, Packaging), and Region – Global Forecast to 2025″,
published by MarketsandMarkets™, the Coating Resins Market size for coating resins is projected
to grow from USD 38.7 billion in 2020 to USD 48.8 billion by 2025, at a CAGR of
4.7%. Coating resins are largely used in the architectural as well as
industrial applications. The acrylic resin segment is projected to register the
largest share because of its usage in varied applications, such as
architectural coatings, floor finishes, and automotive coatings. Polyurethane
is the second most demanded resin type.
PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72316133
Browse
and in-depth TOC on “Coating Resins Market”
133 – Tables
53 – Figures
207 – Pages
The acrylic resin segment accounted for
the largest share of the coating resins market.
The acrylic resin segment accounted for the largest market share in 2019.
Acrylics are available in two types of composition: pure acrylics and complex
acrylics (contain additional monomers). Pure acrylics contain only acrylic
monomers. To obtain a resin with specific properties, or to reduce its cost,
different monomers can be incorporated into the acrylic polymer. In the case of
complex acrylics, styrene is the most used, and the resulting resin is known as
styrene-acrylic. Styrene monomers are significantly less expensive than acrylic
ones. They are known to increase water resistance and offer alkali resistance
and improved hardness.
The general industrial coatings
application is the fastest-growing segment of the overall coating resins
market.
The general industrial coatings segment is projected to be the fastest-growing
application of coating resins. The drivers for the market in this segment are
population growth, improved standard of living, infrastructural development,
global GDP growth, and growth of the construction sector. The demand for
motors, generators, and transformers, agricultural equipment, and other
industrial equipment is increasing globally, which is driving the demand for
coating resins in the general industrial coatings application.
Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=72316133
APAC is the largest coating resins
market.
APAC is the leading market for coating resins. The growth in the region is
fueled by the booming economies of China, India, Indonesia, and Vietnam.
Acrylic resin is a preferred choice for architectural and decorative coatings
in APAC. It is in high demand, as it is a low-cost material that provides good
chemical and photochemical resistance, stain protection, water resistance, and
has better adhesion to surfaces than other resin types. APAC is a rapidly developing region with
growth opportunities for companies willing to invest in high-growth markets.
The green coatings (low VOC) segment is expected to be one of the leading
technology trends in this region.
The key players profiled in the coating resins market report are Arkema (France),
BASF (Germany), DSM (Netherlands), Allnex Netherlands B.V. (Germany), Dow (US),
and The Sherwin-Williams Company (US).
Get 10% Free Customization on This
Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=72316133
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global
high growth markets following the “Growth Engagement Model – GEM”.
The GEM aims at proactive collaboration with the clients to identify new
opportunities, identify most important customers, write “Attack, avoid and
defend” strategies, identify sources of incremental revenues for both the
company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, “Knowledge Store” connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
