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Coating Resins Market Report by Type (Acrylic, Epoxy, Polyurethane, Alkyd, Vinyl, Polyester, and Others), Technology (Water-based Coatings, Solvent-borne Coatings, Powder Coatings, and Others), Application (Architectural, Industrial, Protective and Marine, Automotive OEM, Vehicle Refinish, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 145 Pages I IMARC Group
The global coating resins market size reached US$ 40.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 56.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Coating resins are applied on the surface of different objects to achieve hardness and durability and abrasion, impact and chemical resistance. They have high ductility, water repellency, elegant and captivating aesthetic, quick cleaning capabilities, and no strong or unpleasant odors. They assist in updating vintage furniture and furnishing items, such as pellet stoves and fireplaces. At present, coating resins are used to extend the life of concrete floors in industrial facilities, warehouses, and logistic centers. They also find extensive applications in automotive, construction, and aerospace industries across the globe.
Coating Resins Market Trends:
At present, there is a rise in the demand for architectural coatings due to increasing residential and commercial constructions around the world. This, along with the growing utilization of roadway markings, such as zebra crossing and lane changing for the safety of the masses, represents one of the key factors driving the market. In addition, there is an increase in the employment of coating resins to protect wooden structures from pests and humid conditions. This, coupled with the escalating demand for these resins in passenger cars and light and heavy-duty commercial vehicles to achieve mechanical strength, adhesion to metals, and heat resistance, is propelling the growth of the market. Apart from this, the growing use of coating resins in electrical wires to provide electrical insulation is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce green coating resins to develop environment-friendly products. They are also focusing on introducing water-based alkyd technologies. These innovations are projected to bolster the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global coating resins market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, technology and application.
Breakup by Type:
Acrylic
Epoxy
Polyurethane
Alkyd
Vinyl
Polyester
Others
Breakup by Technology:
Water-based Coatings
Solvent-borne Coatings
Powder Coatings
Others
Breakup by Application:
Architectural
Industrial
Protective and Marine
Automotive OEM
Vehicle Refinish
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allnex (PTT Global Chemical Public Company Limited), Arkema S.A., BASF SE, Covestro AG, Dow Inc., Evonik Industries AG, Hexion Inc., Huntsman Corporation, Mitsubishi Chemical Holdings Corporation, Polynt S.p.A. and The Sherwin-Williams Company.
Key Questions Answered in This Report:
How has the global coating resins market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global coating resins market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global coating resins market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Coating Resins Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Acrylic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Epoxy
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polyurethane
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Alkyd
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Vinyl
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Polyester
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Technology
7.1 Water-based Coatings
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Solvent-borne Coatings
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Powder Coatings
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Architectural
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Industrial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Protective and Marine
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Automotive OEM
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Vehicle Refinish
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allnex (PTT Global Chemical Public Company Limited)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Arkema S.A.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 BASF SE
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Covestro AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Dow Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Evonik Industries AG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Hexion Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Huntsman Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Mitsubishi Chemical Holdings Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Polynt S.p.A.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
14.3.11 The Sherwin-Williams Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
Figure 1: Global: Coating Resins Market: Major Drivers and Challenges
Figure 2: Global: Coating Resins Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Coating Resins Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Coating Resins Market: Breakup by Type (in %), 2023
Figure 5: Global: Coating Resins Market: Breakup by Technology (in %), 2023
Figure 6: Global: Coating Resins Market: Breakup by Application (in %), 2023
Figure 7: Global: Coating Resins Market: Breakup by Region (in %), 2023
Figure 8: Global: Coating Resins (Acrylic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Coating Resins (Acrylic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Coating Resins (Epoxy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Coating Resins (Epoxy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Coating Resins (Polyurethane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Coating Resins (Polyurethane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Coating Resins (Alkyd) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Coating Resins (Alkyd) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Coating Resins (Vinyl) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Coating Resins (Vinyl) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Coating Resins (Polyester) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Coating Resins (Polyester) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Coating Resins (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Coating Resins (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Coating Resins (Water-based Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Coating Resins (Water-based Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Coating Resins (Solvent-borne Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Coating Resins (Solvent-borne Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Coating Resins (Powder Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Coating Resins (Powder Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Coating Resins (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Coating Resins (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Coating Resins (Architectural) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Coating Resins (Architectural) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Coating Resins (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Coating Resins (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Coating Resins (Protective and Marine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Coating Resins (Protective and Marine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Coating Resins (Automotive OEM) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Coating Resins (Automotive OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Coating Resins (Vehicle Refinish) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Coating Resins (Vehicle Refinish) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Coating Resins (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Coating Resins (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia-Pacific: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia-Pacific: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Coating Resins Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Coating Resins Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Coating Resins Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Coating Resins Industry: SWOT Analysis
Figure 92: Global: Coating Resins Industry: Value Chain Analysis
Figure 93: Global: Coating Resins Industry: Porter's Five Forces Analysis
Table 1: Global: Coating Resins Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Coating Resins Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Coating Resins Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Coating Resins Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Coating Resins Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Coating Resins Market: Competitive Structure
Table 7: Global: Coating Resins Market: Key Players
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