Coating Resins Market By Type (Epoxy, Polyurethane, Alkyd, Acrylic, Vinyl, Amino, Unsaturated Polyester, and Saturated Polyester), By Application (Architectural Coatings, Automotive Coatings, General Industrial Coatings, High Performance Coatings, Wood Coatings, and Packaging Coatings), and By Region – Trends, Analysis, & Forecast till 2034

Coating Resins Market was valued at USD 58.7 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach USD 98 Billion by 2034.

Coating resins are the coverings, which are used on an object’s surface to attain hardness and grow resistance to weather, corrosion, and stain. These resins bid polish retention, quick drying periods, and bigger weather shield. Besides, they are also used in traffic tints, industrial coatings, maritime industry, construction products, inks, and products of graphic arts, among others. Coating resins, are also known as binders or polymer materials that holds a coating formulation together and provide adhesion to the substrate on which the coating is applied. A typical liquid coating formulation consists of several components such as pigments, additives, and solvents. Coating resins bind the entire coating system together. Powder coating arrangements take a similar configuration, except for the attendance of solvents. Epoxy resins are used for the production of adhesives, coatings, paints, plastics, primers and sealers, floors and other items and materials used in building applications.

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Rising industrialization

The increasing demand for architectural coatings is the major factor to positively driving the global coating resins market globally. Other than that, growth in construction, infrastructure, and automotive industries and wide adoption of newer coating technologies also serves as the key players. These coating’s consumption is increasing since the last few years owing to the growing residential and commercial constructions.

However, the fluctuating raw material prices and depletion of petrochemical reserves may hamper the coating resin market at global level.

Coatings resins market is segmented based on type, application, and region.

On the basis of type, the global coating resins market is segmented into epoxy, polyurethane, alkyd, acrylic, vinyl, amino, Unsaturated polyester, saturated polyester, and others. On the basis of application, the target market is consisted of architectural coatings, automotive coatings, general industrial coatings, high performance coatings, wood coatings, and packaging coatings.

Regional Insights:

On region the coatings resins market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the dominating region of the global coating resins market. Asia Pacific, being the key manufacturer of paints and coatings products, which are produced from coating resins. The paints & coatings industry in Europe is also vast and mature. The coatings resins market in Europe and North America is estimated to expand at an inactive pace during the forecast period owing to the mature nature of end-user industries. North America and Europe are technologically advanced regions. The coating resins market in Latin America and Middle East & Africa is anticipated to expand at a considerable pace during the forecast period.

Coating Resins Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the coatings resins market report based on type, application, and region.

Coatings Resins Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the coatings resins market includes Arkema Coating Resins Ltd., Westlake Chemical Corporation, Momentive Specialty Chemicals, Inc., Royal DSM N.V., Nippon Shokubai Co. Ltd., Aekyung Chemical Co. Ltd., Evonik Corporation, Bayer A.G., Ferro Coating Resins, and Nuplex Industries Limited.

Westlake Chemical Corporation:

Westlake had announced, that they had signed an acquisition with Hexion’s global epoxy business for the development of specialty resins, coatings and composites for a variety of industries.

• Arkema Coating Resins Ltd.
• Westlake Chemical Corporation
• Momentive Specialty Chemicals, Inc.
• Royal DSM N.V.
• Nippon Shokubai Co. Ltd.
• Aekyung Chemical Co. Ltd.
• Evonik Corporation
• Bayer A.G.
• Ferro Coating Resins
• Nuplex Industries Limited.