Global Coating Resins
Market Report
2025
Global Coating Resins market size will be USD 50.64 Billion by 2030. Coating Resins Industry's Compound Annual Growth Rate will be 5% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Coating Resins Market Report 2024.
According to Cognitive Market Research, the global Coating Resins market size was USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|---|
Global Coating Resins Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Form |
|
Market Split by End User |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Report scope is customizable as we have a huge database of Coating Resins industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Coating Resins Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Polymer compounds known as coating resins are employed as the main ingredients in the coatings manufacturing process. These cutting-edge materials are utilized for corrosion, toughness, weather resistance, and stain resistance since they act as protective layers.
The growing end-use industries and technical advancements are driving the market's rapid expansion. In addition, stringent environmental regulations and the expansion of economies in developing nations are expected to propel the market. Throughout the forecast period, the market is anticipated to be substantially driven by the expanding automobile manufacturing sector. Growth would also be aided by the rapid economic expansion of developing nations, increased infrastructure investment, greater purchasing power, and growing demand for eco-friendly coatings.
Several coating resins are widely utilized in industrial coatings and electrodeposition (ED) coatings, especially in the transportation, maritime, and industrial maintenance industries. Additionally, epoxy resins are frequently utilized in powder coatings. Nowadays, liquid epoxy resin formulas with high and ultra-high solids are becoming increasingly common. For example, The EPICLON EXA-4850 Series is an innovative high-performance liquid epoxy resin that significantly enhances the hard, brittle characteristics of epoxy resins.
Source-https://www.dic-global.com/ap/products/epoxy/high_performance/lineup/exa4850.html
Liquid epoxy resin is used to achieve 100% solid epoxy compositions used as tank linings, concrete surfaces, and other related applications. To enhance its properties and performance, phenoxy and novolac resins are frequently utilised. Waterborne epoxy resin technology is becoming more effective, which makes it favourable to utilize it more frequently. The significant use of metal coatings limited the amount of technology that could be accomplished.
Growing environmental and economic concerns, coupled with the unpredictability that comes with finite petrochemical resources, have led to a sharp increase in the development of bio-based polymer research and development in recent years. Producers are attempting to replace petroleum-based materials in polymers made from naturally occurring feedstocks in order to meet the industry need for environmentally friendly products and processes that support sustainable growth. Furthermore, it is highly desirable to create safer processes for producing polymers, including the use of safer additives and building blocks. Commercial epoxy resins are typically made from Novolac resins' diglycidyl ethers, cycloaliphatic epoxies, or DGEBA. For example, DIC offers a novolac phenol resin for epoxy resin curing agents called PHENOLITE. When compared to other epoxy resin curing agents, the cross-linking density of the cured material is higher and it exhibits superior heat, moisture, and chemical resistance when novolac phenol resin is utilized.
(Source- https://www.dic-global.com/ap/products/epoxy/phenolite/ )
Renewable natural resources can now be used as the building blocks of polymers because of their affordability, environmental friendliness, and ease of epoxidization.
Thus, the increase in the utilization of Liquid and Bio-Based Epoxy Resin to accelerate market growth.
Producers of coating resins have been able to lower production costs because of advances in manufacturing technology. As a result, coating resins now have a greater cost-to-performance ratio. Typically, one coat is applied while applying powder coatings. Generally speaking, the coat is thicker than when using a solvent-based finish. Resins are used in powder coatings in a dry, powdered state without the usage of volatile organic solvents. For example, according to Allnex, a leading manufacturing company, It is possible to reuse overspray from powder coating applications, which minimizes waste and costs.
Since clean, dry compressed air serves as the coating's solvent and fluidization agent, volatile solvents are not needed. Solvents are removed from the entire process thus, no volatile organic compounds are released. Solvents need not be used during the cleaning process because compressed air can be used to clean the coating equipment. Since VOCs are eliminated, costly VOC destruction machinery (such as carbon adsorbers or incinerators) is not needed.
Thus, high efficiency along with lower costs will fuel market growth for coating resins.
The development of dust coating technologies, such as thin-coating dust, Ultra Violet-cured dust specks, less-temperature cured dust specks, and dust specks that are typically resistant to clear coating materials that require significant heat, is propelling the market's expansion. For eample, Allenex has introduced an amorphous unsaturated polyester resin for use in UV curable powder coatings called UVECOAT® 2100.
Dust coating has become more popular on heat-fragile substrates due to advancements in curing processes, inventive applications, and powder coating elements with cutting edge technology. The biggest development in dust coatings is Medium Density Fibreboard, a blend of wood particles and bonding synthetic resin. Thus, the advancement in technology in coating resins production will increase the demand in the coating resins market.
In addition to providing superior quality and strength, these coatings have superior mechanical qualities and can protect cars against scuffs, harsh weather, and material exposure. For example, A hydroxy functional acrylic called SYNOCURE 9299 BA 70 is intended to crosslink with polyisocyanates either at room temperature or by forced air drying.For all high performance industrial applications where high performance is required, SYNOCURE 9299 BA 70 is especially advised.
(Source-https://coatingresins.arkema.com/en/product-finders/product/f/acr_Industrial/p/synocure-9299-ba-70/ )
Inside vehicle coatings are applied on the car's exterior, flat surface. The demand for travel cars has been fueled by the growth in consumers' discretionary spending, especially in developing nations. Since these developing countries have cheap labor, pro-business laws, easy access to natural resources, and booming economies like China, India, Thailand, and Brazil, automakers are setting up assembly lines there. These manufacturers are gradually shifting to OEM coatings with low cost and superior performance. The interest in coating resins is sparked by the fact that car restoration also satisfies OEM need for coatings. For example, DAOTAN® TW 7061/35WA is offered by Allnex and is most adaptable PUD for use in automotive applications is XX. It offers exceptional stone chip resistance, exceptional humidity resistance, and excellent aluminum flake orientation in aqueous metallic basecoats.
Source- https://allnex.com/en/product/45982231-9ec9-449b-a45b-eae8bb418e8f/daotan-tw-7061-35wa
Thus, the rising application in the automotive sector will lead to a consistent rise in demand for coating resins.
Globally, resins are widely utilized in almost every type of end-use coating. However, as Volatile Organic Carbon (VOC) restrictions continue to drop, the use of alkyd resins is rapidly declining, especially in North America and Europe. For formulations that are water-based and include larger solids, the need has shifted to alternative resin types. The industry is seeing the introduction of new water-based alkyd systems, in part because to the growing demand for resins made with more sustainable resources. Solvent-based alkyds were the first to be made, but the overabundance of solvents in these coatings was harmful to both the environment and human health. Stricter VOC laws are putting a lot of pressure on the coatings sector to lower the VOC level of solvent-based coatings in order to comply with these rules. Due to their high volatile organic compound (VOC) content, solvent-based alkyd coatings have lost market share to rival technologies like water-borne, powder, and UV-curable coatings. Therefore, lowering their VOC levels is crucial to meeting the strict VOC requirements and maintaining outstanding efficiency in order to help these coatings regain their market dominance.
Manufacturers of resin, pigments, additives, and final coating formulas have put more of an emphasis on creating environmentally friendly procedures that consume less energy and produce less waste and emissions. The most prosperous organizations created formal programs to raise awareness, stimulate innovation, and make it easier for sustainable operations to continue developing and getting better. In addition to being good for the environment, green manufacturing has a noticeable and substantial impact on profitability and productivity. Green chemistry emphasizes efficacy and hazard avoidance as a means of developing environmentally friendly processes.
Hence, reducing energy consumption is a key goal because it is directly related to reducing carbon dioxide emissions.
It is another top priority for many companies. Energy conservation is a top priority for many companies in the coating resins industry as they work to develop and implement more environmentally friendly manufacturing techniques. Producing greater value with fewer resources is crucial for producers of resins as well as coating suppliers. In terms of production, this entails utilizing more energy-efficient goods and raw materials in their processes. Thus, it would guarantee higher-quality energy, which would improve the fuel mix for energy-intensive processes and optimize the formulation to reduce the product's environmental impact.
The onset of the COVID-19 pandemic has hindered market expansion. The top manufacturers of industrial coatings are worried due to the rising number of coronavirus positive cases and the declining demand, despite the fact that production has resumed in numerous coating production facilities in an astounding manner. The nationwide pandemic and lockdown have severely disrupted the coatings market's entire supply chain and manufacturing process. Additionally, because a large percentage of workers have been forced to return to their hometowns due to the epidemic, businesses are experiencing a serious scarcity of both skilled and unskilled labor. The automotive, manufacturing, electronics, and white goods industries had reduced their demand for coatings because of the pandemic crisis. Although automobile sales have increased, several automakers believe that the economic downturn brought on by the epidemic will worsen the industry's circumstances. Both the general economic slowdown and the weakening sector would continue to have an impact on automotive coatings.
We have various report editions of Coating Resins Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The market is characterised by fragmentation, as there are multiple major companies as well as a number of global and regional small- and medium-sized businesses operating worldwide. Numerous businesses are in competition with one another about the quality of their products and the technology employed in the coating resin manufacturing process. Major firms spend in R&D facilities, build infrastructure, grow their manufacturing facilities, engage in mergers and acquisitions, and explore for chances to integrate vertically throughout the value chain.
Recent Developments in the Coatings Resins Market
Top Companies Market Share in Coating Resins Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia Pacific accounted for the largest revenue share in the Coating Resins market in 2023. The region is expected to continue to hold a substantial market share throughout the forecast period. The region's demand is heavily influenced by government subsidies, automobile production, construction activities, interest rates, and consumer spending—all of which are significant components of GDP.
In Europe, developments in the oil and gas sector and infrastructure investments are anticipated to support growth. Additionally, the use of powder coatings is anticipated to increase due to the advancements in technology over the last several years and the growing awareness of their environmental credentials.
It is anticipated that North America's manufacturing sector will rebound at a moderate rate. Due to the expansion of industrial manufacturing, there is a significant demand in the area. increased construction activity, accident rates, and increased car sales are all expected to contribute to this region's market expansion.
The current report Scope analyzes Coating Resins Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Coating Resins Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Coating Resins Industry growth. Coating Resins market has been segmented with the help of its Type, Form End User , and others. Coating Resins market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The acrylic segment accounted for the largest revenue share in 2023. The coating resins market is divided into segments based on types of resins, including polyester, epoxy, alkyd, polyurethane, and acrylic. Since ceramic is being used more and more in the biomedical sector, the acrylic segment maintained a significant market share. The coatings' constituent parts are all held together by binders, or resins. Polymers used in coating resins are selected based on the desired chemical and physical characteristics of the final product. Acrylics provide a strong, glossy finish that is well-suited to weather and chemical resistance. Naturally, the largest application field for solution-polymerized acrylic resins is solvent-borne coatings.
Alkyds are regarded as a "general purpose" coating due to their versatility and comparatively inexpensive cost. They are widely utilized in a variety of solvent-based coating processes. They are a kind of polyester composed of acids, vegetable oils, and polyols.
Epoxies offer exceptional chemical resistance, abrasion resistance, and water resistance. Nevertheless, they may become less glossy if exposed to UV rays.
Polyurethanes provide exceptional water resistance, resistance to chemical stains, high gloss, and flexibility.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Coating Resins Industry. Request a Free Sample PDF!
The predominant market share was held by the water-based segment. The market is divided into segments according to form as- powder, solvent-based, water-based, and others. Water-based resins segment has several benefits during application, including lesser volatile organic compound (VOC) emissions, easier cleaning, potential fire safety, and less worker exposure to organic vapors. Additionally, this method reduces the coating process's cost. Manufacturers of coatings benefit from them, as they offer a favorable payback period and cost-effectiveness for any expenditure needed to modify the application line to accommodate water-based resins. Important characteristics of these resins, like hardness and chemical and water resistance, can be adjusted to meet product requirements.
The coating solids are transferred to the painted portion using solvent resins. They are also added to coatings to facilitate application by making the coating easier to apply by lowering its viscosity. Because solvents release volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) during the curing process, they are a major environmental problem in coating applications.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Architectural coatings segment driven by growing infrastructure spending to lead the market. Coating resins are divided into several segments based on the end-use industry: Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings and Others. The growing need for long-lasting and high-performance coating materials for building components, along with rising infrastructure spending, are projected to propel the architectural coatings market. These coatings are used to stop rust and corrosion in metallic parts of tanks, radiators, fences, and metal furniture.
The architectural business is seeing profitable potential due to the expected increase in infrastructure construction activities and the growing middle-class population. industrial coatings are becoming more and more used in general industries due to its qualities, which include high levels of corrosion resistance, chemical resistance, UV degradation, or weather ability with a cost-saving reduction. Several factors, including low volatile organic compounds and water-borne systems, high durability, chemical resistance, sustainability, and scratch resistance, are major forces behind the automotive coatings market, which includes both OEM and refinishing. The market for these goods is expected to rise due to the increasing use of automotive, industrial, and other coatings.
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Coating Resins Market is witnessing significant growth in the near future.
In 2023, the Acrylic segment accounted for noticeable share of global Coating Resins Market and is projected to experience significant growth in the near future.
The Water-based segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Allnex Belgium SA/Nv, BASF SE and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others |
Form | Water-based, solvent-based, Powder, Others |
End User | Waterborne, Solvent Borne, High Solid, Powder Coating, Radiation Cured |
List of Competitors | Allnex Belgium SA/Nv, Arkema S.A., BASF SE, Bayer AG, Momentive Specialty Chemicals Inc., Nuplex Industries Ltd., Royal DSM N.V., The DOW Chemical Company, The Valspar Corporation, PCCR USA Inc. |
This chapter will help you gain GLOBAL Market Analysis of Coating Resins. Further deep in this chapter, you will be able to review Global Coating Resins Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Coating Resins. Further deep in this chapter, you will be able to review North America Coating Resins Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Coating Resins. Further deep in this chapter, you will be able to review Europe Coating Resins Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Coating Resins. Further deep in this chapter, you will be able to review Asia Pacific Coating Resins Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Coating Resins. Further deep in this chapter, you will be able to review South America Coating Resins Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Coating Resins. Further deep in this chapter, you will be able to review Middle East and Africa Coating Resins Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Coating Resins. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Form Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Coating Resins market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Acrylic have a significant impact on Coating Resins market? |
What are the key factors affecting the Acrylic and Alkyd of Coating Resins Market? |
What is the CAGR/Growth Rate of Water-based during the forecast period? |
By type, which segment accounted for largest share of the global Coating Resins Market? |
Which region is expected to dominate the global Coating Resins Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|