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Coating Resins Trends and Forecast
The future of the global coating resins market looks promising with opportunities in the architectural coatings, marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, and coil coatings markets. The global coating resins market is expected to reach an estimated $80.8 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are the upswing in demand from the construction and automotive sectors, progress in powder coating technology, and lower price and higher efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coating Resins by Segment
The study includes a forecast for the global coating resins by resin, technology, application, and region.
Coating Resins Market by Resin [Shipment Analysis by Value from 2018 to 2030]:
• Acrylic
• Alkyd
• Vinyl
• Polyurethane
• Epoxy
• Amino
• Unsaturated Polyester
• Saturated Polyester
• Others
Coating Resins Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Waterborne Coatings
• Solventborne Coatings
• Powder Coatings
Coating Resins Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Architectural Coatings
• Marine & Protective Coatings
• General Industrial Coatings
• Automotive Coatings
• Wood Coatings
• Packaging Coatings
• Coil Coatings
• Others
Coating Resins Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coating Resins Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coating resins companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coating resins companies profiled in this report include-
• Arkema
• BASF
• Covestro
• Allnex
• Dow
Coating Resins Market Insights
Lucintel forecasts that acrylic will remain the largest segment over the forecast period due to low-cost material, better stain protection, and good water resistance.
Within this market, general industrial coatings will remain the largest segment due to high demand for motors, generators and transformers, agricultural equipment, and other industrial equipment.
APAC is expected to witness highest growth over the forecast period due to the affordability of production, along with access to skilled and economical labor, contributes to cost-effectiveness.
Features of the Global Coating Resins Market
Market Size Estimates: Coating resins market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coating resins market size by resin, technology, application, and region in terms of value ($B).
Regional Analysis: Coating resins market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin, technology, application, and regions for the coating resins market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coating resins market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the coating resins market size?
Answer: The global coating resins market is expected to reach an estimated $80.8 billion by 2030.
Q2. What is the growth forecast for coating resins market?
Answer: The global coating resins market is expected to grow with a CAGR of 5.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the coating resins market?
Answer: The major drivers for this market are the upswing in demand from the construction and automotive sectors, progress in powder coating technology and lower price and higher efficiency.
Q4. What are the major segments for coating resins market?
Answer: The future of the coating resins market looks promising with opportunities in the architectural coatings, marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, and coil coatings markets.
Q5. Who are the key coating resins market companies?
Answer: Some of the key coating resins companies are as follows:
• Arkema
• BASF
• Covestro
• Allnex
• Dow
Q6. Which coating resins market segment will be the largest in future?
Answer: Lucintel forecasts that acrylic will remain the largest segment over the forecast period due to low-cost material, better stain protection, and good water resistance.
Q7. In coating resins market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the affordability of production, along with access to skilled and economical labor, contributes to cost-effectiveness.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coating resins market by resin (acrylic, alkyd, vinyl, polyurethane, epoxy, amino, unsaturated polyester, saturated polyester, and others), technology (waterborne coatings, solventborne coatings, and powder coatings), application (architectural coatings, marine & protective coatings, general industrial coatings, automotive coatings, wood coatings, packaging coatings, coil coatings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Coating Resins Market, Coating Resins Market Size, Coating Resins Market Growth, Coating Resins Market Analysis, Coating Resins Market Report, Coating Resins Market Share, Coating Resins Market Trends, Coating Resins Market Forecast, Coating Resins Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Coating Resins Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Coating Resins Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Coating Resins Market by Resin
3.3.1: Acrylic
3.3.2: Alkyd
3.3.3: Vinyl
3.3.4: Polyurethane
3.3.5: Epoxy
3.3.6: Amino
3.3.7: Unsaturated Polyester
3.3.8: Saturated Polyester
3.3.9: Others
3.4: Global Coating Resins Market by Technology
3.4.1: Waterborne Coatings
3.4.2: Solventborne Coatings
3.4.3: Powder Coatings
3.5: Global Coating Resins Market by Application
3.5.1: Architectural Coatings
3.5.2: Marine & Protective Coatings
3.5.3: General Industrial Coatings
3.5.4: Automotive Coatings
3.5.5: Wood Coatings
3.5.6: Packaging Coatings
3.5.7: Coil Coatings
3.5.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Coating Resins Market by Region
4.2: North American Coating Resins Market
4.2.2: North American Coating Resins Market by Application: Architectural Coatings, Marine & Protective Coatings, General Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, Coil Coatings, and Others
4.3: European Coating Resins Market
4.3.1: European Coating Resins Market by Resin: Acrylic, Alkyd, Vinyl, Polyurethane, Epoxy, Amino, Unsaturated Polyester, Saturated Polyester, and Others
4.3.2: European Coating Resins Market by Application: Architectural Coatings, Marine & Protective Coatings, General Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, Coil Coatings, and Others
4.4: APAC Coating Resins Market
4.4.1: APAC Coating Resins Market by Resin: Acrylic, Alkyd, Vinyl, Polyurethane, Epoxy, Amino, Unsaturated Polyester, Saturated Polyester, and Others
4.4.2: APAC Coating Resins Market by Application: Architectural Coatings, Marine & Protective Coatings, General Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, Coil Coatings, and Others
4.5: ROW Coating Resins Market
4.5.1: ROW Coating Resins Market by Resin: Acrylic, Alkyd, Vinyl, Polyurethane, Epoxy, Amino, Unsaturated Polyester, Saturated Polyester, and Others
4.5.2: ROW Coating Resins Market by Application: Architectural Coatings, Marine & Protective Coatings, General Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, Coil Coatings, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Coating Resins Market by Resin
6.1.2: Growth Opportunities for the Global Coating Resins Market by Technology
6.1.3: Growth Opportunities for the Global Coating Resins Market by Application
6.1.4: Growth Opportunities for the Global Coating Resins Market by Region
6.2: Emerging Trends in the Global Coating Resins Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Coating Resins Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Coating Resins Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Arkema
7.2: BASF
7.3: Covestro
7.4: Allnex
7.5: Dow
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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