Coating Resins Market by Resin, Technology, Application, and Region - Global Forecast to 2023

(Comserve via Comtex)

Japan, Japan, Thu, 22 Jul 2021 06:05:14 / Comserve Inc. / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

The coating resins market size is projected to grow from USD 29.5 billion in 2018 to USD 37.9 billion by 2023, at a CAGR of 5.1%. The coating resins market is expected to witness growth owing to the growth of end-use industries, such as building & construction, packaging, general industrial automotive, marine, aerospace, and furniture; which is a key factor driving the growth of the coating resins market. However, insufficient supply of specialized raw materials is expected to hamper the growth of the coating resins market. The volatility in raw material prices might adversely affect the overall cost of production for the coating resin manufacturers.

The polyurethane segment accounted for the largest share in coating resins market. Moreover, it is also projected to witness the highest CAGR during the forecast period because of its usage in varied applications. Powdered polyurethanes are mostly used in appliance coatings; for instance, refrigerators, dryer drums, range cabinets, and so on. The high-performance characteristics of polyurethanes include its ability to cure at lower baking temperatures, and the improved total coating solids content. These factors combined offset the high cost of polyurethanes.

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"The Final Report will cover the impact analysis of COVID-19 on this industry: Coating Resins Market by Resin Type, Technology, Application, and Region - Global Forecast to 2023

The powder coatings technology segment is projected to register highest growth rate in the global coating resin market. Powder coatings are used in various end-use industries, such as automotive, appliance finishing, outdoor furniture manufacturing, and building & construction. The major factors driving this growth are the growth of powder coatings due to increasing stringent environmental regulations for zero or non-VOC coatings.

APAC is projected expected to be the fastest-growing market for coating resins. This growth is mainly attributed to factors, such as huge and increasing addressable population base, rapid and growing construction activity, and increase in the number of automobiles, and wooden furniture. Compared to the mature markets, the market in APAC is projected to grow at a high rate from 2018 to 2023.

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"The Final Report will cover the impact analysis of COVID-19 on this industry: Coating Resins Market by Resin Type, Technology, Application, and Region - Global Forecast to 2023

Break up of primary participants for the report:
? By Company Type: Tier 1 - 18%, Tier 2 - 36%, Tier 3 - 46%
? By Designation: C level - 18%, Director level - 55%, Others - 27%
? By Region: APAC - 50%, North America - 20%, Europe - 10%, Middle East & Africa - 10%, South America - 10%

As a part of the qualitative analysis, the research study provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Arkema S.A. (France), BASF SE (Germany), Royal DSM N.V. (Netherlands), and Allnex Netherlands B.V. (Germany).

Reasons to Buy the Report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenue numbers of the overall coating resins market and its subsegments. This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. It will also help the stakeholders to understand the pulse of the market and provide information on key market drivers, restraints, and opportunities, and challenges.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SEGMENTATION 19
1.3.1 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 20
1.5 PACKAGE SIZE 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.1.1 Key data from secondary sources 22
2.1.2 PRIMARY DATA 23
2.1.2.1 Key data from primary sources 23
2.1.2.2 Key industry insights 24
2.1.2.3 Breakdown of primary interviews 24
2.2 MARKET SIZE +0000IMATION 25
2.2.1 BOTTOM-UP APPROACH 25
2.2.2 TOP-DOWN APPROACH 26
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.4 ASSUMPTIONS FOR THE STUDY 28
2.5 LIMITATIONS OF THE STUDY 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN THE COATING RESINS MARKET 35
4.2 COATING RESINS MARKET GROWTH, BY RESIN TYPE 36
4.3 APAC: COATING RESINS MARKET SHARE IN APAC, BY APPLICATION, AND COUNTRY 37
4.4 COATING RESINS MARKET: MAJOR COUNTRIES 38
4.5 COATING RESINS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 39
4.6 COATING RESINS MARKET: GROWING DEMAND FROM APAC 39
5 MARKET OVERVIEW 40
5.1 INTRODUCTION 40
5.2 MARKET DYNAMICS 40
5.2.1 DRIVERS 41
5.2.1.1 Increasing demand from end-use industries 41
5.2.1.2 Green, environmentally-friendly, and healthier coating systems 41
5.2.1.3 Durable coatings with better performance and aesthetics 41
5.2.1.4 Lower price and efficiency in use 42
5.2.2 RESTRAINTS 42
5.2.2.1 Volatility in raw material prices and fluctuation in demand due to competition from other industries using resins 42
5.2.2.2 Reduced export demand from Western economies 42

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

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