According to a new market research report published by Global Insight Services “Coating Resins Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Coating resins are a type of synthetic resin that are typically used as a protective or decorative coating. They are often applied to surfaces in order to improve the appearance or durability of the material. There are many different types of coating resins available on the market, each with its own unique set of properties. Some common examples include acrylics, polyurethanes, and epoxies.
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Key Players
The Coatings Resins Market includes players such as Bayer AG, Royal DSM, The Sherwin-Williams Company, Polynt SpA, Allnex group, Arkema Group, BASF SE, Hexion Inc, The Dow Chemical Company and Evonik Industries AG.
Key Trends
There are several key trends in coating resin technology.
One is the development of more environmentally-friendly resins. This is being driven by regulations in many countries that are becoming more stringent with respect to the VOCs (Volatile Organic Compounds) emitted by coatings. Water-based resins are one type of resin that is becoming more popular for this reason.
Another key trend is the development of resins that have better performance properties, such as improved durability, scratch resistance, and UV resistance. This is being driven by the need for coatings that can withstand more demanding conditions, such as those found in the automotive and aerospace industries.
Key Drivers
The key drivers of the coating resins market are the growing construction and automotive industries, the increasing demand for eco-friendly products, and the need for high-performance coatings.
The construction industry is the largest user of coating resins, and the automotive industry is the second-largest user.
The demand for eco-friendly products is increasing due to the growing awareness of the environmental impact of coatings.
The need for high-performance coatings is driven by the increasing demand for durable and corrosion-resistant products.
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Market Segments
The Coatings Resins Market is segmented by type, technology, application and region. Based on resin type, the market is categorized into acrylic, epoxy, polyurethane, alkyd, vinyl, and others. Based on technology, the market is divided into waterborne, conventional solvent borne, high solid solvent borne, and others. Based on application, the market is classified into architectural, industrial, protective & marine, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Coating Resins Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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