Coatings Resins Market Size, Share & Trends Report

Coatings Resins Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR925
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The global coatings resins market is expected to show substantial growth over the next six years, on account of the rising global demand for architectural coatings. Coating resins consumption was the highest for the architectural coating market over the past few years owing to increasing residential and commercial constructions. Increasing demand for roadway markings is expected to drive coating resins demand over the forecast period. An increasing number of roadway networks prompts marking of proper safety signage usages such as zebra crossing and lane changing. Coating resins based roadway markings offer weather resistance properties which also reduces road maintenance costs.

Increasing production of automobiles is expected to significantly augment coating resins market growth over the forecast period. Automotive manufacturers majorly use automotive original equipment manufacturer (OEM) coatings for passenger cars, light and heavy duty commercial vehicles. Also, the growth of refinishing automobiles coatings is expected to drive coating resins demand owing to vehicles aging or accident. Increasing demand for aesthetic architectural structures and appealing furniture is expected to boost market growth over the forecast period. The demand for coating resins in structures and furniture is high owing to growing need to protect wooden structures from pests and humid conditions. 

Increasing demand of electrical wires from industrial, residential, and commercial applications is expected to fuel coatings resins market over the next six years. Fluctuating raw material prices coupled with depleting petrochemical reserves is expected to hamper coating resins industry participants’ growth. Increasing demand for green coating resins based technologies is expected to provide key opportunities for industry participants. Environmentally friendly products are gaining more importance for coating resins manufacturing. This coatings resins market is majorly driven by tight EU regulation and industry participants seeking a green image of their respective company. The companies are developing water-based alkyd technologies and are replacing a solvent-based system for coating resins manufacturing. 

Major demand is expected from emerging economies of Asia Pacific and Latin America. Countries in these regions such as China, India, South Korea, and Brazil are expected to witness higher growth rates owing to the growth of end infrastructure & electronics industry coupled with population expansion with increasing middle-class disposable income levels. Key regions such as Europe and North America are expected to witness moderate growth over the forecast period. Key industry participants include Dow Chemical, Arkema Coating resins, Momentive Specialty Chemicals, Inc., PCCR USA, and BASF. Other major players include Allnex, Evonik, Royal DSM N.V., Bayer A.G., and Nuplex Industries Limited.

Pricing & Purchase Options

Service Guarantee

  • Quality assurance

    Insured Buying

    This report has a service guarantee. We stand by our report quality.

  • Information security

    Confidentiality

    We are in compliance with GDPR & CCPR norms. All interactions are confidential.

  • grand view research PCI DSS complaint grand view research gdpr verified
  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities