Coating Resins Market Size, Drivers Analysis and Application, Forecast To 2026

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Coating Resins Market To Reach USD 44.07 Billion
By 2026
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Market Size USD 30.40 Billion in 2018, Market
Growth - CAGR of 4.7, Market Trends-Emergence of
eco-friendly coatings for newer applications
Market Summary
The coating resins market is expected to reach
USD 44.07 Billion by 2026, according to a new
report by Reports and Data. Coating resins are
coatings used on the surface of the object to
obtain corrosion resistance, hardness, weather
resistance, and spot resistance. Resins provide
gloss retention, fast drying times, and excellent
weathering to coatings. Development in
architectural coatings demands to stimulate the
growth of the market. Also, the increase in
demand for green and environment-friendly coating
systems in architectural designs are anticipated
to boost the market growth. There is a huge
demand for coating resins in the roadways
marking, owing to its weather resistance
properties, which in turn is efficient for
reducing the maintenance cost of roads. The rise
in production of automobiles is also another
factor anticipated to increase the growth of the
market.
APAC is anticipated to witness the highest CAGR
of 5.3 during the forecast period. This growth
is due to the emerging construction industry and
demand for environment-friendly coatings, along
with the rising population and disposable income
leading massive demand for coating resins in the
region.
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Market Summary
Key Players
Arkema Coating Resins, Dow Chemical, Momentive
Specialty Chemicals, Inc., Westlake Chemical
Corporation, BASF, Allnex, Royal DSM N.V., Ferro
Coating Resins, Nippon Shokubai Co. Ltd., Aekyung
Chemical Co. Ltd., Evonik, Bayer A.G., PCCR USA,
and Nuplex Industries Limited.
Segmentation
Product (Revenue, USD Million 20162026) Acrylic
Alkyd Polyurethane Vinyl Epoxy
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Market Summary
Application Type Outlook (Volume, Million Meters
Revenue, USD Billion 2016-2026) Solvent
Borne Powder Coating Waterborne High
Solid Radiation Cured End-user Type Outlook
(Volume, Million Meters Revenue, USD Billion
2016-2026) Architectural Industrial Protective
and Marine Vehicle Refinish Others
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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