Coating Resins Market Overview :
Maximize Market Research, a leading firm, has published a comprehensive report on the Coating Resins Market. The report provides an overview of the market, including its scope, research methodology, gross profit margin, cost market share, market capability, and supply and demand analysis. This data helps identify key drivers that impact market growth. The report also highlights key industries and presents widely available data.
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Coating Resins Market Scope :
The Coating Resins market heavily relies on pictorial, graphical, and numerical data, which are analyzed and presented comprehensively within the market scope. The scope of the report showcases various opportunities and mediums for market analysis. Primary data refers to authentic information obtained from reliable sources, while secondary data consists of existing information used for research, analysis, and decision-making purposes. The report includes an in-depth analysis of the Coating Resins market and its segmentation. It also provides a regional analysis of market dynamics, enabling investors and readers to compare past and current market trends. SWOT analysis is performed to identify market strengths and weaknesses, while PESTLE analysis is conducted to understand the business direction, growth targets, and upcoming risks. The report also covers current market trends and provides forecasts for the upcoming years.
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Coating Resins Market Segmentation :
The most popular resins in the coating resins sector, according to resin type, are acrylic coating resins. The coating resins market was dominated by acrylic coating resins, which is anticipated to rise at the highest CAGR of 6.05% throughout the course of the projected period. Because they are mostly used outdoors, acrylic paints are being phased out in favour of water-based acrylic coatings. Water-based acrylic paints are used more frequently in North America and Europe than in APAC due to strict rules demanding low VOC content.
Based on formulating technology, the water-borne coating segment is anticipated to dominate the market for coating resins and expand at the highest CAGR of 6.38% throughout the course of the forecast period. Water-borne coating is an environmentally friendly coating due to the low VOC emissions. Due to customer demand for environmentally friendly coating and government rules restricting VOC emissions, water-borne coating is outselling solvent coating in sales. Building, architecture, industrial wood, protective coating, metal packaging, automotive OEM & refinish, and other industries frequently use water-borne coatings. The architectural sector is the one that uses the most water-borne coatings overall. Water-borne coatings frequently use acrylic-based resins to reduce VOC emissions.
The architectural coating category, which dominated the coating resins market in 2022, is predicted to expand at a CAGR of 5.41% during the course of the forecast. The global market for architectural coatings is still developing. The segment’s growth will be aided by the expanding worldwide construction market, the strengthening US housing market, and the continuous need for environmentally friendly paints, particularly in the developing countries of APAC. Additionally, the market is being driven by shifting consumer preferences and increased consumer awareness of product safety and VOC emissions from architectural coatings. The switch from solvent-borne to water-borne paint formulations will also contribute to the expansion of the global architectural coatings market throughout the time of forecasting.
Coating Resins Market Size, by Resins Type (2023-2029)
• Acrylic Resins
• Alkyd Resins
• Polyurethane Resins
• Epoxy Resins
• Polyester Resins
• Others
Coating Resins Market Size, by Formulating Technology (2023-2029)
• Water-based Coatings
• Solvent-based Coatings
• Powder-based Coatings
• Others
Coating Resins Market Size, by End-Use (2023-2029)
• Architectural Coatings
• General Industrial Coatings
• Powder Coatings
• Wood Coatings
• Automotive OEM Coatings
• Automotive Refinish Coatings
• Protective Coatings
• Packaging Coatings
• Others
Coating Resins Market Key Players :
1. Dow Inc (US)
2. Momentive Inc (US)
3. Coating Technologies LLC (US)
4. The Sherwin-Williams Company (US)
5. Hexion Inc. (US)
6. Valspar Corporation (US)
7. Bayer AG (Germany)
8. Evonik Industries AG (Germany)
9. LANXESS (Germany)
10. BASF SE (Germany)
11. Ceramicoat Limited (UK)
12. Arkema S.A. (France)
13. ICA SpA (Italy)
14. Mutina S.P.A. (Italy)
15. Polynt S.P.A. (Italy)
16. Koninklijke DSM N.V. (Netherlands)
17. Akzo Nobel N.V. (Netherlands)
18. PT. Citra Resins (Indonesia)
19. Allnex Holdings S.A R.L. (Luxembourg)
20. HELIOS Resins (Slovenia)
21. Sumitomo Corporation (Japan)
22. DIC Corporation (Japan)
23. Nuplex Industries Limited (Australia)
24. Eternal Resin Co. Ltd. (Thailand)
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Regional Analysis :
The report emphasizes Coating Resins market strategy and planning through regional analysis. This analysis incorporates various techniques and tactics to enhance understanding. Regional analysis continuously monitors business growth and helps target clients, thereby impacting regional business or market. The report presents different levels of data for regional perspectives, including competitiveness, market pricing, quantity, and quality.
Key Questions Answered in the Coating Resins Market Report:
- What is the definition of the Coating Resins Market?
- What is the forecast period for the Coating Resins Market?
- What is the competitive scenario of the Coating Resins market?
- Which region holds the largest market share in the Coating Resins Market?
- What are the opportunities for the Coating Resins Market?
- What factors are affecting the growth of the Coating Resins market?
- Who are the key players in the Coating Resins market?
- Which company holds the largest share in the Coating Resins market?
- What will be the compound annual growth rate (CAGR) of the Coating Resins market during the forecast period?
- What key trends are likely to emerge in the Coating Resins market in the coming years?
Key Offerings:
- Market Share, Size, and Revenue Forecast | 2023-2029
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Coating Resins
- Landscape: Leading key players and other prominent participants.
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