Coatings are a combination of solvent, binder, pigment and additives. Binders or coating resins are an essential component of any coating solution. Coating resins bind the pigment and form film. Drying and curing process is formulated by these coating resins. These binders or coating resins provide adhesion, durability, flexibility, gloss and other physical properties to the coatings. These coating resins can be either thermoplastic resin or thermosetting resin. Acrylic resin, epoxy, polyester, alkyd resin, etc. are some of the examples of coating resins. Coatings resins are used in different application such as architectural coatings, marine coatings, wood coatings, automotive coatings and others.
MARKET DYNAMICS
Stringent government regulations related to emission norms and increasing demand for coating resins from the electronic market will drive the demand for coating resins market. Furthermore, growing demand for the UV-curable, waterborne coating resins will propel the demand to grow further in the forecasted period. Predominantly, fluctuating raw material prices may hamper the coatings resins market. However, increasing demand for low VOC emitting coating and growing demand for coating resin for housing and construction applications will determine the potential opportunities for coating resins market.
MARKET SCOPE
The "Coating Resins Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the coating resins market with detailed market segmentation by resin type, technology, application and region. The coating resins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coating resins market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The coating resins market is segmented on the basis of resin type, technology, application. On the basis of resin type, the coating resins market is segmented into, acrylic resin, alkyd resin, vinyl resin, polyurethane resin, epoxy resin, unsaturated polyester resin, saturated polyester resin, amino resin, other coating resins. On the basis of technology, the coating resins market is segmented into waterborne coatings, solvent-borne coatings, powder coatings, high solids coatings, radiation curable coatings, others. On the basis of application, the coating resins market is segmented into, architectural coatings, marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the coating resins market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The coating resins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the coating resins market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the coating resins market in these regions.
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MARKET PLAYERSThe reports cover key developments in the coating resins market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from coating resins market are anticipated to lucrative growth opportunities in the future with the rising demand for coating resins in the global market. Below mentioned is the list of few companies engaged in the coating resins market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coating resins market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
-Allnex Netherlands B.V.
-Arkema S.A.
-BASF SE
-Covestro
-Evonik Industries AG
-Huntsman International LLC.
-Polynt-Reichhold
-Royal DSM N.V.
-The Sherwin©\Williams Company
-Wacker Chemie
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