Coatings Resins Market 2019 Forecast Analysis by 2025
Global Coatings Resins Industry was valued at USD 33.38 Billion in the year 2018. Global Coatings Resins Industry is further estimated to grow at a CAGR of 4.7% from 2019 to reach USD 47.41 Billion by the year 2025.
Asia Pacific region holds the highest Industry share and is considered as the fastest growing industry in the forecasted period. At a country, China, India, and South Korea in Asia-Pacific are projected to grow strongly in the coming years owing to the growth of end infrastructure & electronics industry coupled with population expansion with increasing middle-class disposable income levels.
Based on resin type, the Industry is categorized into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. Based on technology, the Industry is divided into waterborne, conventional solvent-borne, high solids solvent-borne, powder coating, radiation cured, and others of which the radiation-cured coating resins segment holds the highest Industry share in 2016. Based on application, the Industry is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others, of these the architectural segment, is estimated to grow at the highest CAGR during the forecast period.
Major market players in Coatings Resins Industry are The Dow Chemical Company, Royal DSM NV, BASF SE, Bayer AG, Royal DSM., Polynt SpA, The Sherwin-Williams Company (The Valspar Corporation), Arkema Group, Allnex group, Hexion Inc., Evonik Industries AG, Arkema S.A. and 6 more companies detailed information is provided in the report.
SWOT Analysis of Coatings Resins Industry
Strength:
Demand for green & Environment-friendly Coating Systems
The rise in the global automotive industry
Weakness:
Changing government regulations and norms.
Opportunities:
Advancement in Coatings Resins Technology
Development of bio-based coatings
Threats:
Fluctuating raw material prices
Stringent Regulatory approval procedures
Coatings Resins Industry Segmentation:
Coatings Resins Industry Overview, By Type
• Acrylic Coating Resins
• Alkyd Coating Resins
• Vinyl Coating Resins
• Polyurethane Coating Resins
• Epoxy Coating Resins
• Amino Coating Resins
• Unsaturated Polyester Coating Resins
• Saturated Polyester Coating Resins
• Other Coating Resins
Coatings Resins Industry Overview, By Technology
• Water-Borne
• Solvent-Borne
• High Solid
• Powder Coating
• Radiation Cured
Coatings Resins Industry Overview, By Application
• Architectural
• Industrial
• Protective & marine
• Automotive OEM
• Vehicle furnishes
• Others
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