According to the new market research report “Coating Resins Market by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology (Waterborne, Solvent-borne), Application (Architectural, General Industrial, Automotive, Wood, Packaging), and Region – Global Forecast to 2025″, The market size for coating resins is projected to grow from USD 38.7 billion in 2020 to USD 48.8 billion by 2025, at a CAGR of 4.7%.
Coating resins are largely used in the architectural as well as industrial applications. The acrylic resin segment is projected to register the largest share because of its usage in varied applications, such as architectural coatings, floor finishes, and automotive coatings. Polyurethane is the second most demanded resin type.
Don’t miss out on business opportunities in Coating Resins Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=72316133
The acrylic resin segment accounted for the largest market share in 2019. Acrylics are available in two types of composition: pure acrylics and complex acrylics (contain additional monomers). Pure acrylics contain only acrylic monomers. To obtain a resin with specific properties, or to reduce its cost, different monomers can be incorporated into the acrylic polymer. In the case of complex acrylics, styrene is the most used, and the resulting resin is known as styrene-acrylic. Styrene monomers are significantly less expensive than acrylic ones. They are known to increase water resistance and offer alkali resistance and improved hardness.
The general industrial coatings segment is projected to be the fastest-growing application of coating resins. The drivers for the market in this segment are population growth, improved standard of living, infrastructural development, global GDP growth, and growth of the construction sector. The demand for motors, generators, and transformers, agricultural equipment, and other industrial equipment is increasing globally, which is driving the demand for coating resins in the general industrial coatings application.
Browse and in-depth TOC on “Coating Resins Market – Global Forecast to 2025”
133 – Tables
53 – Figures
207 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/coating-resins-market-72316133.html
The acrylic resin segment accounted for the largest market share in 2019. Acrylics are available in two types of composition: pure acrylics and complex acrylics (contain additional monomers). Pure acrylics contain only acrylic monomers. To obtain a resin with specific properties, or to reduce its cost, different monomers can be incorporated into the acrylic polymer. In the case of complex acrylics, styrene is the most used, and the resulting resin is known as styrene-acrylic. Styrene monomers are significantly less expensive than acrylic ones. They are known to increase water resistance and offer alkali resistance and improved hardness.
The general industrial coatings segment is projected to be the fastest-growing application of coating resins. The drivers for the market in this segment are population growth, improved standard of living, infrastructural development, global GDP growth, and growth of the construction sector. The demand for motors, generators, and transformers, agricultural equipment, and other industrial equipment is increasing globally, which is driving the demand for coating resins in the general industrial coatings application.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72316133
Arkema (France) is a global player in the field of specialty chemicals and advanced materials. Arkema Coating Resins (ACR) is a global product line offering an extensive range of products to support customers in the coatings, adhesives, inks, and construction products markets. Arkema is expanding its business through new product launches, the establishment of new capacities, and making investments and expansions in the high-growth markets. As a part of the growth strategy, the company opened a new powder coating polyester resins manufacturing unit in Navi Mumbai, India. This new facility also includes a dedicated laboratory to provide both application development and technical support. The facility will help Arkema better serve customers in the fast-growing powder coatings market throughout India, as well as in the Gulf Region and neighboring countries.
BASF SE (Germany) is a diversified chemical company. The company has five business segments: Functional Materials & Solutions, Chemicals, Performance Products, Agricultural Solutions, and Others. It has a strong customer base and operates in many countries in Europe, North America, APAC, Africa, and the Middle East. In February 2016, BASF launched two new polymer dispersion products in the Indian market at Paint India 2016 in Mumbai. The two products – Acronal 7079 and AQAcell HIDE 6299, are designed for paints and coatings to help keep building exteriors clean and durable and improve carbon footprints through the reduction of titanium dioxide (TiO2).
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/coating-resins-market.asp