Global Coating Resins Market By Overview
Coating Resins Market was valued at US$ 58.7 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 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.
Global Coating Resins Market By Dynamics
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.
Global Coating Resins Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global 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:
The Coating Resins Market was valued at US$ 58.7 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 98 Billion by 2034. On region the global 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.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024– 2034 |
|
Market Segmentation |
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 |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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 global coatings resins market report based on type, application, and region.
Global Coatings Resins Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Coating Resins Market By Key Players
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.
Global Coating Resins Market By Company Profile
- Arkema Coating Resins Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Westlake Chemical Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Momentive Specialty Chemicals, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Royal DSM N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Shokubai Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aekyung Chemical Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evonik Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bayer A.G.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ferro Coating Resins
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nuplex Industries Limited.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Coating Resins Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Coatings Resins Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Coating Resins Market, By Type 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Epoxy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Polyurethane
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Alkyd
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Acrylic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Vinyl
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Amino
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Unsaturated Polyester
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Saturated Polyester
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Coating Resins Market, By Application 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Architectural Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- General Industrial Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- High Performance Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Wood Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Packaging Coatings
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Coating Resins Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Arkema Coating Resins Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Westlake Chemical Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Momentive Specialty Chemicals, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Royal DSM N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Shokubai Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aekyung Chemical Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evonik Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bayer A.G.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ferro Coating Resins
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nuplex Industries Limited.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Global Coating Resins Market is segmented on basis of type, application and region.
The increasing demand for architectural coatings is the major factor to positively driving the global coating resins market globally.
On the basis of region, the target 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.
Key players contributing to the global coating resins market are 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.