In the Report “Coating Resins Market:
By Type (Acrylic, Alkyd, Amino, Epoxy, Others); By Formulation (Water, Solvent,
Hot Melt, Others); By Application (Architectural, Automotive, F&B,
Industrial, Others); By Geography - (2018-2023)” published by IndustryARC, the market drivers
identified are the development of green, environmental-friendly and healthier
coating systems, more durable coatings with better performance and better
aesthetics, and lower costs and efficiency in use that will continue in coming
years.
America continues leading growth in the Coating Resins
Market
America’s coating resins market is predicted to expand rapidly as
compared to other regions, to generate a revenue of $11.78 million by 2023. Reason
behind fastest growth is that the region has been the pioneer in coatings and
related chemicals, mainly driven by innovation, scale of manufacturing and
robust chemical industry. Americas host many major suppliers of coating resins including
Dow Chemicals and Momentive Specialty Chemicals, Inc.
In recent years, Brazil and Mexico has attracted significant investments
in the manufacturing and infrastructure sectors. This expands the scope of coating
resins market in this region. Architectural industry has always been the
visible end-use industry for coating resins in America. The industry is mainly
driven by the strong infrastructural industry and the rise in reconstruction trend.
EU’s economy is largely influenced by the dynamics of developed countries of
Western Europe. However, the development is changing with the increasing investments
in Eastern Europe. Countries like Russia and Turkey are actively partnering
with private companies to invest in the development of infrastructure which
drives the use of high quality coating resins. The European market for coating
resins is expected to grow at a CAGR of 4% and to reach a revenue of $9.19
billion by 2023.
Asia-Pacific with increased concentration of industrial clusters,
accounted for 47% of the global market and is forecast to maintain its power over
the coming years. The APAC region is forecast to be the second fastest growing
market for coating resins globally. The region accounted for a revenue of $16.50
billion in 2017 and is estimated to grow with a CAGR of 4.4% through the
forecast period to reach $20.22 billion by 2023.
Coating Resins Market Type Analysis done in the full Report:
Acrylic resin holds the highest share for coating
resins market revenue due to the increasing demand from the end user segments
such as architecture and automotive applications. New developments in
waterborne acrylic technology are pushing the limits of their performance. Acrylic
resins generated the maximum share of 31% in 2017, which accounted for $10.7
billion in the overall coating resins market. It is anticipated to grow at a
CAGR of 5.4% and to reach $14.55 billion by 2023. The market is followed by alkyd
resin, which also holds a considerable share of 16% in the global coating
resins market. The alkyd resin market is set to experience a shift from using
solvent to water based coatings. The global market revenue of alkyds in coating
resins is estimated to reach $6.14 billion at a CAGR of 2.9% during the
forecast period of 2018 to 2023. The market revenue of amino resin coatings in application is estimated
to reach $3.25 billion at a CAGR of 7.9% during the forecast 2018 to 2023.
Epoxies are undoubtedly the most extensively used coatings in the
wastewater field. The market revenue for epoxy resins in coating application is
estimated to grow at a CAGR of 6.0% and to reach a revenue of $3.70 billion by
2023. Ethylene was majorly seen in high demand, where the suppliers of North
America polyvinyl chloride (PVC) had announced a price increase of up to
$100/ton. The rise in cost was caused by the increasing demand for resin from
India and China. The market for vinyl resins is estimated to reach $4.7 billion
at a CAGR of 2.6% during the forecast period 2018-2023. Polyurethane resin is a
highly potential market which has displayed a robust growth over the past few
years. Automotive and Appliances segments are the largest end-user segment for
polyurethane. Some key drivers for growth in the global polyurethane market are
cost effectiveness and adaptability of polyurethane foams in their application
industries. The polyurethane coating market is expected to reach $5 billion by
2023. Saturated Polyester Resins is estimated to reach a CAGR of 6.9%, followed
by Unsaturated Polyester Resins.
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of our sales representative about the Coating Resins Market report by providing your details
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Excerpts on Coating Resins Market Growth Factors
·
South-East countries
are undergoing a transformational change in terms of both the economic and
infrastructural developments. So, new investments mainly in China in the
sectors of infrastructure, automotive and food & beverage sectors would
present high opportunities for coating resin filling market.
·
New applications
for the waterborne acrylic resins are the growth factors for this industry. Thermal
insulation coatings and sound damp coatings are the acrylic resins which is
trending and since resins find their applications here, the overall market will
see an opportunity to grow.
·
There has
been a shift from solvent borne coatings to waterborne coatings in the
architectural space owing to the latest advancements which favors the companies
with innovative resin offerings.
·
Residential
construction and interior design is picking up pace with the rise in the middle
class group. However, the infrastructure construction is expected to trigger in
the coming years, subduing the demand for coatings and related resins.
To access the
Coating Resins Market report browse the link below
Key players
of the Coating Resins Market
The major manufacturers of coating resin are the Dow
Chemical Company, BASF SE and many others. HELIOS Group, Reichhold LLC, Allnex
Belgium SA/NV are some of the players that produce coating resins for
architectural coatings application market. DSM Coating Resins, Allnex Belgium
SA/NV are some of the players that produce coating resins for automotive
coatings application market. OMNOVA Solutions Inc., Nuplex Industries Ltd.,
BASF SE are some of the players that produce coating resins for industrial
coatings application market. Michelman, Inc., and AkzoNobel N.V. are some of
the players that produce coating resins for paper and pulp coatings application
market.
Coating
Resins Market report is segmented as below
A.
Coating
Resins Market: By Type
1.
Acrylic
Resins
2.
Alkyd Resins
3.
Amino Resins
4.
Epoxy Resins
5.
Vinyl Resins
6.
Polyurethane
Resins
7.
Saturated
Polyester Resins
8.
Unsaturated
Polyester Resin
9.
Others
B.
Coating
Resins Market – By Formulation
1.
Water Based
2.
Solvent Based
3.
Hot Melt
Based
4.
Radiation
Cured
5.
Powder Based
6.
Hot Melt
Based
C.
Coating
Resins Market – By Application
1.
Architectural
2.
Automotive
3.
Food
Packaging
4.
Industrial
5.
Paper and
Pulp
6.
Marine
7.
Wood
8.
Others
D.
Cloud Billing
Market by Geography (covers 10+ countries)
E.
Cloud Billing
Market Entropy
Companies Cited / Interviewed in Coating Resins Market
1. Koninklijke Dsm N.V
2. Arkema Sa
3. Evonik Industries Ag
4. Ineos Capital Limited
5. Hexion Inc.
6. Nuplex Industries Ltd
7. Resiquimica - Resinas Quimicas, S.A.
8. Ring International Holding Ag
9. Bayer Ag (Covestro)
10. The Valspar Corporation
11. Lubrizol Corporation
12. Company 14+
Related
Report:
A.
Polyvinyl Chloride Resins Market
B.
Antimicrobial Coatings Market
What can you
expect from the report?
The Coating
Resins Market Report is Prepared with the Main Agenda to Cover the following 20
points:
1. Market Size
by Product Categories & Application
11. Demand Analysis (Revenue & Volume)
2. Market
trends & Relevant Market Data 12.
Country level Analysis
3.
Manufacturer Landscape 13. Competitor Analysis
4.
Distributor Landscape 14.
Market Shares Analysis
5. Pricing
Analysis 15.
Value Chain Analysis
6. Top 10 End
user Analysis 16.
Supply Chain Analysis
7. Product
Benchmarking 17.
Strategic Analysis
8. Product
Developments 18.
Current & Future Market Landscape Analysis
9. Mergers
& Acquisition Analysis 19.
Opportunity Analysis
10. Patent
Analysis 20.
Revenue and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC publish country or application based reports in Coating
Resins Market segment?
Response: Yes, we do have separate reports
as mentioned below:
1. Americas Coating Resins Market Report (2018-2023)
2. Asia Pacific Coating Resins Market Analysis (2018-2023)
3. Europe Coating Resins Market Size (2018-2023)
4. Type Coating Resins Market Share (2018-2023)
5. Formulation Coating Resins Market Trends (2018-2023)
6. Application Coating Resins Industry Analysis (2018-2023)
Q. Does
IndustryARC provide customized reports and charge additionally for limited
customization?
Response: Yes, we can customize the
report by extracting data from our database of reports and annual subscription
databases. We can provide the following free customization:
1. Increase
the level of data in application or end user industry.
2. Increase
the number of countries in geography chapter.
3. Find out
market shares for other smaller companies or companies which are of interest to
you.
4. Company
profiles can be requested based on your interests.
5. Patent
analysis, pricing, product analysis, product benchmarking, value and supply
chain analysis can be requested for a country or end use segment.
Any other
custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our
consulting services.
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details in the below link:
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Sales: +1-614-588-8538 (Ext-101)
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IndustryARC:
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