Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Coating Resins Market: By Type, By Formulation, By Application and Region Forecast 2019-2030
Coating Resins Market: By Type, By Formulation, By Application and Region Forecast 2019-2030
Coating Resins Market size was valued at US$ 52,603.1 million in 2023 and is anticipated to grow at a CAGR of 6.1 % from 2024-2030. Coating resins are essential components in the formulation of coatings, paints, and varnishes. They are polymers that provide the binding, adhesion, durability, and protective properties necessary for the final coating to perform effectively. Coating resins are responsible for holding the pigments and other additives together, forming a continuous film on the surface being coated. This film offers protection against environmental factors such as moisture, UV radiation, chemicals, abrasion, and corrosion.
Growing construction and infrastructure development significantly increase the revenues of the market due to the substantial demand for coatings in various construction-related applications. As construction projects expand, there is a heightened need for coatings that provide both protective and aesthetic qualities, contributing to the overall appearance, durability, and longevity of structures. Coating resins play a pivotal role in formulating coatings that offer essential properties such as adhesion, weather resistance, corrosion protection, and UV resistance. This is particularly crucial in architectural coatings for buildings, bridges, roads, and other infrastructure.
Moreover, the demand for protective coatings is particularly strong in the construction sector as structures are exposed to a range of environmental stressors, including weather, moisture, chemicals, and pollutants. In addition, the expansion of the automotive industry significantly drives the sales of coating resins due to the indispensable role they play in meeting the industry's stringent requirements for aesthetics, durability, and protection. Coating resins are vital components in the formulation of automotive paints and coatings, including primers, basecoats, and clearcoats. As the automotive sector grows, there is an increasing demand for coatings that not only enhance the visual appeal of vehicles but also provide essential protection against environmental factors, corrosion, and wear.
However, a major restraint identified in the market is the growing raw materials prices that further result in extra investment in the production process of the resins. Meanwhile, the rising demand for high-performance coatings in industries such as aerospace, electronics, and marine creates significant opportunities for market expansion. Many key market players are developing innovative solutions to cater to several end-use industries.
Study Period
2024-2030Base Year
2023CAGR
6.1%Largest Market
Asia PacificFastest Growing Market
Europe
Major factor driving the growth of the coating resins market is the growing construction industry in countries such as the U.S., China, India, and the U.K. 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 Europe grew by 3.5% and in China, the activities grew by 10%, as compared to previous year. Such growth in the construction industry in both Europe and APAC is fueling the market growth.
Asia Pacific accounted for larger revenue share in global Coating Resins market with considerable CAGR. The factors that are responsible for the market growth include rapid and growing construction activity, huge and growing addressable population base and increase in the number of automobiles, and wooden furniture. Compared to mature markets, the market in APAC is projected to grow at a high rate.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 52,603.1 million |
|
Market CAGR |
6.1% |
|
By Type |
|
|
By Formulation |
|
|
By Application |
|
|
By Region |
|
Download Free Sample Report
The global coating resins market size was valued at US$ 52,603.1 million in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.
The development of bio-based coating resins stands out as a significant trend within the market.
The market size was valued at US$ 52,603.1 million in 2023
| 1. Executive Summary |
| 2. Global Coating Resins Market Introduction |
| 2.1.Global Coating Resins Market - Taxonomy |
| 2.2.Global Coating Resins Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Formulation |
| 2.2.3.Application |
| 2.2.4.Region |
| 3. Global 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. Global Coating Resins Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Coating Resins Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Thermosetting |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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. Global Coating Resins Market By Formulation, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Hot Melt Based |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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 |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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. Global Coating Resins Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Wood |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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 Wood |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Industrial Plastics |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. High-End Flooring |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Graphic Arts |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Food Packaging |
| 7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Decorative Paints |
| 7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Consumer Electronics |
| 7.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Automotive |
| 7.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Architectural |
| 7.12.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Global Coating Resins Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. North America Coating Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Thermosetting |
| 9.1.2.Thermoplastic |
| 9.1.3.Amino Resins |
| 9.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 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 |
| 9.2.6.Others |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Wood |
| 9.3.5.Industrial Plastics |
| 9.3.6.High End Flooring |
| 9.3.7.Graphic Arts |
| 9.3.8.Food Packaging |
| 9.3.9.Decorative Paints |
| 9.3.10.Consumer Electronics |
| 9.3.11.Automotive |
| 9.3.12.Architectural |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Coating Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (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 |
| 10.1.3.Amino Resins |
| 10.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 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 |
| 10.2.6.Others |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Wood |
| 10.3.5.Industrial Plastics |
| 10.3.6.High End Flooring |
| 10.3.7.Graphic Arts |
| 10.3.8.Food Packaging |
| 10.3.9.Decorative Paints |
| 10.3.10.Consumer Electronics |
| 10.3.11.Automotive |
| 10.3.12.Architectural |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Coating Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (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 |
| 11.1.3.Amino Resins |
| 11.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 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 |
| 11.2.6.Others |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Wood |
| 11.3.5.Industrial Plastics |
| 11.3.6.High End Flooring |
| 11.3.7.Graphic Arts |
| 11.3.8.Food Packaging |
| 11.3.9.Decorative Paints |
| 11.3.10.Consumer Electronics |
| 11.3.11.Automotive |
| 11.3.12.Architectural |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Coating Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (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 |
| 12.1.3.Amino Resins |
| 12.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 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 |
| 12.2.6.Others |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Wood |
| 12.3.5.Industrial Plastics |
| 12.3.6.High End Flooring |
| 12.3.7.Graphic Arts |
| 12.3.8.Food Packaging |
| 12.3.9.Decorative Paints |
| 12.3.10.Consumer Electronics |
| 12.3.11.Automotive |
| 12.3.12.Architectural |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Coating Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (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 |
| 13.1.3.Amino Resins |
| 13.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 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 |
| 13.2.6.Others |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Wood |
| 13.3.5.Industrial Plastics |
| 13.3.6.High End Flooring |
| 13.3.7.Graphic Arts |
| 13.3.8.Food Packaging |
| 13.3.9.Decorative Paints |
| 13.3.10.Consumer Electronics |
| 13.3.11.Automotive |
| 13.3.12.Architectural |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 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.