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Asia Pacific Coating Resins Market By Type, By Formulation, By Application and Geography
Asia Pacific Coating Resins Market By Type, By Formulation, By Application and Geography
Asia Pacific Coating Resins Market size was valued at US$ x billion in 2022 and is expected to reach US$ x billion by 2029, at a CAGR of x% during the forecast period 2023 to 2029. Some of the key factors responsible for the market growth include development of bio-based coatings, high growth in emerging economies, durable coatings with better performance and aesthetics and demand for coating resins from the automotive industry. Moreover, growth of the construction and manufacturing projects offer lucrative opportunities for the players operating in the market. Moreover, the regional growth can be attributed to the region's industrial development and progressing economic conditions. Pigments, solvents, and additives are some of the common raw materials used in manufacturing of the resins. Major restraint identified in the coating resins market is the growing raw materials prices. Increasing prices of the raw materials result in extra investment in production process of the resins. In the recent years, the prices of raw materials such as epoxy and titanium dioxide have risen considerably across the globe, compelling the leading painting and coating producers to increase the prices of their products. Therefore, the increase in prices of raw materials is expected to hamper the growth of the market. This report studies Asia Pacific market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Asia Pacific market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Asia Pacific market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Major factor driving the growth of the coating resins market is the growing construction industry in countries such as the China and India. Owing to the rise in population, these countries are witnessing rapid growth in construction industry resulting in large-scale investment in construction projects such as hotels, apartments, offices, retail centers, and civic infrastructures. Coating resins consumption was the highest for architectural coating market over the past few years owing to increasing residential and commercial constructions. For instance, in 2017, construction activities in China grew by 10%, as compared to previous year. Such growth in the construction industry in APAC is fueling the market growth.
China accounted for larger revenue share in Asia Pacific market with considerable CAGR. The growth in the infrastructure industry is majorly seen across the developing countries of the region, such as China, which is expected to further drive this market over the estimated time span. Additionally, the region’s flourishing electronics industry is also contributing positively toward the growth of the coating resins market in the Asia Pacific region.
Latin America
Europe
Asia Pacific
Middle East
North America
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2023 is the base year and 2029 is the forecast year.
The report covers the asia pacific coating resins market data: China, India, Japan, Australia & New Zealand
The asia pacific coating resins market key players are Aekyung Chemical Co. Ltd (South Korea), Allnex Group (Germany), Arkema SA (France), BASF SE (Germany), DIC Corporation (Japan), DowDuPont (US), Ferro Coating Resins (South Africa), Neville Chemical Company (US), Nippon Shokubai Co. Ltd (Japan), Royal DSM NV (Netherlands), Tosoh Corporation (Japan), Wacker Chemie AG (Germany), Westlake Chemical Corporation (US)
| 1.Executive Summary |
| 2. Asia Pacific Coating Resins Market Introduction |
| 2.1. Asia Pacific Coating Resins Market - Taxonomy |
| 2.2. Asia Pacific Coating Resins Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Formulation |
| 2.2.3.Application |
| 2.2.4.Region |
| 3. Asia Pacific Coating Resins Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Asia Pacific Coating Resins Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Coating Resins Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Thermosetting, |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Thermoplastic and |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Amino Resins |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Asia Pacific Coating Resins Market By Formulation, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Hot Melt Based, |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Powder Based, |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Radiation Cured, |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Solvent Based, |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Water Based and |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Asia Pacific Coating Resins Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Wood, |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Paper and Pulp, |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Marine, |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Industrial, |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Wood, |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Industrial Plastics, |
| 7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. High End Flooring, |
| 7.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Graphic Arts, |
| 7.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 7.9. Food Packaging, |
| 7.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.9.3. Market Opportunity Analysis |
| 7.10. Decorative Paints, |
| 7.10.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.10.3. Market Opportunity Analysis |
| 7.11. Consumer Electronics, |
| 7.11.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.11.3. Market Opportunity Analysis |
| 7.12. Others |
| 7.12.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.12.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.12.3. Market Opportunity Analysis |
| 8. Asia Pacific Coating Resins Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. China |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. India |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Australia and New Zealand (ANZ) |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Japan |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Rest of APAC |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.China Coating Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Thermosetting, |
| 9.1.2.Thermoplastic and |
| 9.1.3.Amino Resins |
| 9.2. Formulation Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hot Melt Based, |
| 9.2.2.Powder Based, |
| 9.2.3.Radiation Cured, |
| 9.2.4.Solvent Based, |
| 9.2.5.Water Based and |
| 9.2.6.Others |
| 9.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Wood, |
| 9.3.2.Paper and Pulp, |
| 9.3.3.Marine, |
| 9.3.4.Industrial, |
| 9.3.5.Wood, |
| 9.3.6.Industrial Plastics, |
| 9.3.7.High End Flooring, |
| 9.3.8.Graphic Arts, |
| 9.3.9.Food Packaging, |
| 9.3.10.Decorative Paints, |
| 9.3.11.Consumer Electronics, |
| 9.3.12.Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.India Coating Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Thermosetting, |
| 10.1.2.Thermoplastic and |
| 10.1.3.Amino Resins |
| 10.2. Formulation Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hot Melt Based, |
| 10.2.2.Powder Based, |
| 10.2.3.Radiation Cured, |
| 10.2.4.Solvent Based, |
| 10.2.5.Water Based and |
| 10.2.6.Others |
| 10.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Wood, |
| 10.3.2.Paper and Pulp, |
| 10.3.3.Marine, |
| 10.3.4.Industrial, |
| 10.3.5.Wood, |
| 10.3.6.Industrial Plastics, |
| 10.3.7.High End Flooring, |
| 10.3.8.Graphic Arts, |
| 10.3.9.Food Packaging, |
| 10.3.10.Decorative Paints, |
| 10.3.11.Consumer Electronics, |
| 10.3.12.Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.Australia and New Zealand (ANZ) Coating Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Thermosetting, |
| 11.1.2.Thermoplastic and |
| 11.1.3.Amino Resins |
| 11.2. Formulation Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hot Melt Based, |
| 11.2.2.Powder Based, |
| 11.2.3.Radiation Cured, |
| 11.2.4.Solvent Based, |
| 11.2.5.Water Based and |
| 11.2.6.Others |
| 11.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Wood, |
| 11.3.2.Paper and Pulp, |
| 11.3.3.Marine, |
| 11.3.4.Industrial, |
| 11.3.5.Wood, |
| 11.3.6.Industrial Plastics, |
| 11.3.7.High End Flooring, |
| 11.3.8.Graphic Arts, |
| 11.3.9.Food Packaging, |
| 11.3.10.Decorative Paints, |
| 11.3.11.Consumer Electronics, |
| 11.3.12.Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.Japan Coating Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Thermosetting, |
| 12.1.2.Thermoplastic and |
| 12.1.3.Amino Resins |
| 12.2. Formulation Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hot Melt Based, |
| 12.2.2.Powder Based, |
| 12.2.3.Radiation Cured, |
| 12.2.4.Solvent Based, |
| 12.2.5.Water Based and |
| 12.2.6.Others |
| 12.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Wood, |
| 12.3.2.Paper and Pulp, |
| 12.3.3.Marine, |
| 12.3.4.Industrial, |
| 12.3.5.Wood, |
| 12.3.6.Industrial Plastics, |
| 12.3.7.High End Flooring, |
| 12.3.8.Graphic Arts, |
| 12.3.9.Food Packaging, |
| 12.3.10.Decorative Paints, |
| 12.3.11.Consumer Electronics, |
| 12.3.12.Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.Rest of APAC Coating Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Thermosetting, |
| 13.1.2.Thermoplastic and |
| 13.1.3.Amino Resins |
| 13.2. Formulation Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Hot Melt Based, |
| 13.2.2.Powder Based, |
| 13.2.3.Radiation Cured, |
| 13.2.4.Solvent Based, |
| 13.2.5.Water Based and |
| 13.2.6.Others |
| 13.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Wood, |
| 13.3.2.Paper and Pulp, |
| 13.3.3.Marine, |
| 13.3.4.Industrial, |
| 13.3.5.Wood, |
| 13.3.6.Industrial Plastics, |
| 13.3.7.High End Flooring, |
| 13.3.8.Graphic Arts, |
| 13.3.9.Food Packaging, |
| 13.3.10.Decorative Paints, |
| 13.3.11.Consumer Electronics, |
| 13.3.12.Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Aekyung Chemical Co. Ltd (South Korea) |
| 14.2.2.Allnex Group (Germany) |
| 14.2.3.Arkema SA (France) |
| 14.2.4.BASF SE (Germany) |
| 14.2.5.DIC Corporation (Japan) |
| 14.2.6.DowDuPont (US) |
| 14.2.7.Ferro Coating Resins (South Africa). |
| 14.2.8.Neville Chemical Company (US), |
| 14.2.9.Nippon Shokubai Co. Ltd (Japan) |
| 14.2.10.Royal DSM NV (Netherlands) |
| 14.2.11.Tosoh Corporation (Japan) |
| 14.2.12.Wacker Chemie AG (Germany) |
| 14.2.13.Westlake Chemical Corporation (US) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.