Coatings Resins Market Players and their Strategies Analysis, Size, and Forecast

According to Allied Market Research, the global coating resins market generated $35.10 billion in 2017 and is projected to reach $52.90 billion by 2025, registering a CAGR of 5.3% from 2018 to 2025. The report provides an in-depth analysis of evolving market dynamics, key strategies, performance metrics, major segments, and the competitive landscape.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/4696

Market Drivers

- Growing Demand for Environment-Friendly Coating Systems: Increased environmental awareness and regulations are driving the adoption of eco-friendly coating solutions.

- Expansion of the Global Automotive Industry: The rising automotive production boosts the demand for advanced coating resins.

- Increase in Architectural Coatings Demand: Construction and architectural sectors are significantly contributing to the demand for coating resins.

- Surge in Roadway Markings: The need for durable and effective roadway markings fuels the market growth.

Market Constraints

- Fluctuations in Raw Material Prices: Volatile prices of raw materials impact the overall production costs of coating resins.

- Availability of Substitutes: Alternative materials that replace traditional coating resins pose challenges to market expansion.

Opportunities

Advancing Green Initiatives: Growing initiatives towards sustainability and the development of bio-based coatings create new opportunities.

Market Segmentation

- By Type: The saturated polyester resin segment held the largest share in 2017 and is expected to maintain its dominance. The alkyd segment is anticipated to witness a CAGR of 5.5%.

- By Technology: The radiation-cured coating resin segment dominated in 2017 and is projected to continue leading with a CAGR of 6.3%.

- By Application: The architectural segment was the largest in 2017 and is forecasted to grow at the highest CAGR.

Regional Insights

Asia-Pacific and Europe: Together accounted for nearly 80% of the market share in 2017 and will continue to dominate. Europe is expected to witness significant growth through 2025.

Key Market Players

- Bayer AG
- The Sherwin-Williams Company (The Valspar Corporation)
- Royal DSM
- Polynt SpA
- Allnex Belgium SA/Nv
- BASF SE
- Arkema S.A.
- The DOW Chemical Company
- Momentive Specialty Chemicals, Inc.
- Evonik Industries AG

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/coatings-resins-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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