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Coating Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: CC7F63F6FC48EN
IMARC Group

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Market Overview:

The global coating resins market size reached US$ 38.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

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 2023-2028. 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

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL COATING RESINS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Acrylic
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Epoxy
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Polyurethane
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Alkyd
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Vinyl
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6Polyester
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7Others
  6.7.1 Market Trends
  6.7.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1Water-based Coatings
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Solvent-borne Coatings
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Powder Coatings
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Architectural
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Industrial
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Protective and Marine
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Automotive OEM
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Vehicle Refinish
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North 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
9.2Asia-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
9.3Europe
  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
9.4Latin 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
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1Allnex (PTT Global Chemical Public Company Limited)
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2Arkema 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
  14.3.3BASF SE
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4Covestro AG
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5Dow Inc.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
  14.3.6Evonik 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
  14.3.7Hexion Inc.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8Huntsman Corporation
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9Mitsubishi 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
  14.3.10Polynt S.p.A.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 SWOT Analysis
  14.3.11The 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

LIST OF TABLES

Table 1: Global: Coating Resins Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Coating Resins Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Coating Resins Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Coating Resins Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Coating Resins Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Coating Resins Market: Competitive Structure
Table 7: Global: Coating Resins Market: Key Players

LIST OF FIGURES

Figure 1: Global: Coating Resins Market: Major Drivers and Challenges
Figure 2: Global: Coating Resins Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Coating Resins Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Coating Resins Market: Breakup by Type (in %), 2022
Figure 5: Global: Coating Resins Market: Breakup by Technology (in %), 2022
Figure 6: Global: Coating Resins Market: Breakup by Application (in %), 2022
Figure 7: Global: Coating Resins Market: Breakup by Region (in %), 2022
Figure 8: Global: Coating Resins (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Coating Resins (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Coating Resins (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Coating Resins (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Coating Resins (Polyurethane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Coating Resins (Polyurethane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Coating Resins (Alkyd) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Coating Resins (Alkyd) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Coating Resins (Vinyl) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Coating Resins (Vinyl) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Coating Resins (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Coating Resins (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Coating Resins (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Coating Resins (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Coating Resins (Water-based Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Coating Resins (Water-based Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Coating Resins (Solvent-borne Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Coating Resins (Solvent-borne Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Coating Resins (Powder Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Coating Resins (Powder Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Coating Resins (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Coating Resins (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Coating Resins (Architectural) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Coating Resins (Architectural) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Coating Resins (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Coating Resins (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Coating Resins (Protective and Marine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Coating Resins (Protective and Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Coating Resins (Automotive OEM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Coating Resins (Automotive OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Coating Resins (Vehicle Refinish) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Coating Resins (Vehicle Refinish) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Coating Resins (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Coating Resins (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Coating Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Coating Resins Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Coating Resins Market Forecast: Sales Value (in Million US$), 2023-2028
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


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