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Coating Resins Market Top Leading Players, Emerging Trends, Re

  • The global coating resins  market is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins. This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Industry Analysis, By Resins (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Formulating Technology (Water-based, Solvent-based, Powder, and Others), By End-use Industry (Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.

    How Did We Create This Report?

    As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.

    Drivers & Restraints-

    Increasing Need to Develop Environmental-compatible  Processes to Boost Growth

    Nowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in the increasing research and development activities worldwide. These are meant for the development of bio-based polymers. Several manufacturers are striving to provide environmental-compatible goods and processes for a wide range of industries. Commercial epoxy resins can be easily epoxidized and they are cost-effective. These factors are expected to bolster the coating resins market growth in the coming years.

     

    Segment-

    Architectural Coatings Segment to Grow Rapidly Owing to High Demand for Durable Coatings

    Based on the end-use industry, the architectural coatings segment is set to earn the largest coating resins market share throughout the forthcoming years. This growth is attributable to the surging demand for durable and high-performance coating resins for developing construction components. Besides, the increasing infrastructure spending would aid growth.

    Regional Insights-

    Asia Pacific to Dominate Stoked by Increasing Construction Activities

    Geographically, Asia Pacific earned USD 14,158.9 million in terms of the coating resins market share in 2019. The region is anticipated to retain its dominant position in the coming years because of the rising production of automotive and increasing construction activities in the region. Besides, the high consumer spending and general industrial production would propel growth.

    A list of the renowned coating resins manufacturers operating in the global market:

    • BASF SE (Ludwigshafen, Germany)
    • ALLNEX NETHERLANDS B.V. (Bergen Op Zoom, The Netherlands)
    • Covestro AG (Leverkusen, Germany)

     

    Browse Summary of This Research:

     https://www.fortunebusinessinsights.com/coating-resins-market-104535