Coating Resins Market to be Dominated by Waterborne Coatings Segment Through 2027
Increasing demand from the construction & automobiles
sector, especially in developing countries, are expected to drive the demand for
the global coating resins market in the forecast period, 2023-2027.
According to TechSci Research
report, “Coating Resins Market - By
Region, Competition Forecast and Opportunities, 2017-2027”, The global coating
resins market is projected to grow at an impressive rate in the forecast
period, 2023-2027. Increasing demand from the construction & automobile
sector, especially in developing countries, is the primary factor that will
primarily affect the coating resins market's share. Due to its stiffness,
resilience, abrasion, impact, and chemical endurance, the demand for coating
resins is expected to rise among manufacturers.
Growing pervasiveness,
increasing application, and initiatives by government and international bodies
are the primary factor for market growth. Additionally, increasing demand for
architectural coatings, marine & protective coatings, general industrial
coatings, automotive coatings, wood coatings, and packaging coatings are vital
for propelling the market share. Thus, the abovementioned reasons are turning
the product's growth and directly impacting the global coating resin market.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global Coating
Resins market"
The global coating
resins market is segmented based on type, technology, and application.
Based on the
type, the market is divided into acrylic, alkyd, vinyl, polyurethane, epoxy,
and others. The acrylic segment will hold the largest market share in 2022. Due
to its different applications & characteristic of excellent transparency
and durability, demand from various industries is growing to fulfill their
needs. The growth of cosmetics, consumers, painting, dentistry, and different
product impact the increase in demand and make the acrylic segment dominate the
market.
Based on the
technology, the market is divided into waterborne coatings, solvent-borne
coatings, and powder coatings. The waterborne coatings segment will hold the
largest market share in 2022. It is highly demanded in the infrastructural sector
due to its eco-friendly characteristics and result. Thus, the rise in
Infrastructural and construction activities led to an increase in demand for
waterborne coating demand in the projected period and dominated the market.
Based on the
application, the market is divided into architectural coatings, marine &
protective coatings, general industrial coatings, automotive coatings, wood
coatings, packaging coatings, and others. As per estimates, the architectural
coatings segment will experience the highest market share during the forecast
period. Due to industrialization and urbanization, infrastructural and
construction activities are rising where architectural coatings are required
and leading to an increase in the demand for waterborne coating demand in the
projected period.
Major
companies operating in global coating resins market are:
·
BASF SE
·
Covestro AG
·
Arkema S.A.
·
Dow Chemical Company
·
Allnex USA Inc.
·
Evonik Industries AG
·
The Sherwin-Williams Company
·
Huntsman International LLC
·
Mitsubishi Chemicals Corporation
·
Toray Industries, Inc.
Download Free Sample Report@ https://www.techsciresearch.com/sample-report.aspx?cid=13061
Customers can
also request for 10% free customization on this report.
" The
Asia- Pacific region is expected to dominate the global coating resins market
in the coming years owing to its manufacturing expertise, growing economies,
and rapidly rising population. A large number of production activities of the
coating resin granules are done in the region, as well as consumption due to
growing infrastructural activities. Increasing R&D investment and practices,
diverse application of Coating Resins, appropriate marketing environment, and
marketers' efforts are expected to influence the market growth of coating
resins." said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Coating Resins Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented
By Type (Acrylic, Alkyd, Vinyl, Polyurethane, Epoxy, Others), By Technology
(Waterborne Coatings, Solvent-borne Coatings, Powder Coatings), By Application
(Architectural Coatings, Marine & Protective Coatings, General Industrial
Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, Others)By
Company, By Region, Competition Forecast and
Opportunities, 2027, has
evaluated the future growth potential of global coating resins market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global coating resins market.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com