The global coating resins market is anticipated to grow significantly at a CAGR of 3.8% over the forecast period (2024-2031). The key aspect that drives the growth of the global coating resins market includes the presence of the key players operating in the market serving across all the end-use industries including building & construction, transportation, packaging, consumer goods, and others. The presence of the key players continuously innovating novel technologies also enhances market growth. Players such as Arkema SA, BASF SE, Bayer AG, Covestro AG, Eastman Chemical Co., Evonik Industries AG, Huntsman International LLC, Mitsubishi Chemical Corp., Royal DSM NV, The Dow Chemical Co., and Toray Industries Inc. among others substantially contribute to the market growth.
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For instance, in February 2021, Arkema launched a new formulation, ENCOR 2793 functionalized pure acrylic binder that is dedicated to multiple substrate primers and renovation paints. It is formulated without alkylphenolethoxylates and is formaldehyde releaser-free. ENCOR 2793 pure acrylic possesses various properties including an excellent adhesion profile on ceramic, plastics, wood, concrete, and many others. The newly launched product by the company is also easy to formulate; which allows a broad range of applications, such as wall paints, multi-substrate primer, wood lacquers, stain, and tannin blocking primer, or two-coat renovation paints. Further, in April 2021, Azelis publicly announced the new agreement with BASF for the dispersions, additives, and resins range in Australia and New Zealand. The products subject to the agreement are commonly used in sealants, coatings, adhesives, and elastomers (CASE), and construction applications.
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Market Coverage
- Segment Covered- By Resin Type, Formulating Technology, and End-Use Applications
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Arkema SA, BASF SE, Bayer AG, Covestro AG, Eastman Chemical Co., Evonik Industries AG, Huntsman International LLC, Mitsubishi Chemical Corp., Royal DSM NV, The Dow Chemical Co., and Toray Industries Inc. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Coating Resins Market – Segmentation
By Resin Type
- Acrylic
- Epoxy
- Polyester
- Alkyd
- Vinyl
- Polyurethane
- Others
By Formulating Technology
- Water-Borne Coatings
- Solvent-Borne Coatings
- Powder Coatings
- Others
By End-Use Industry
- Building & Construction
- Transportation
- Packaging
- Consumer Goods
- Others
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