Feb 5, 2019   SOURCE: BusinessWire

Coating Resins - Worldwide Market Outlook to 2023: Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy - ResearchAndMarkets.com

The "Coating Resins Market by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology (Waterborne, Solventborne, Powder, High Solids), Application (Architectural, General Industrial, Automotive), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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 is expected to account for the largest share of the overall coating resins market during the forecast period

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.

The coating resins market in powder coatings is expected to witness the highest CAGR during the forecast period

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.

The report 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).

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Coating Resins Market

4.2 Coating Resins Market Growth, By Resin Type

4.3 APAC: Coating Resins Market Share in APAC, By Application, and Country

4.4 Coating Resins Market: Major Countries

4.5 Coating Resins Market, Developed vs. Developing Countries

4.6 Coating Resins Market: Growing Demand From APAC

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Demand From End-Use Industries

5.2.1.2 Green, Environmentally-Friendly & Healthier Coating Systems

5.2.1.3 Durable Coatings With Better Performance and Aesthetics

5.2.1.4 Lower Costs in Terms of Price, and Efficiency in Use

5.2.2 Restraints

5.2.2.1 Volatility in Raw Material Prices and Fluctuation in Demand Due to Competition From Other Industries Using Resins

5.2.2.2 Reduced Export Demand From Western Economies

5.2.3 Opportunities

5.2.3.1 Opportunities in Non-regulated Regions

5.2.3.2 Development of Bio-Based Coatings

5.2.3.3 Investments in Emerging Markets

5.2.4 Challenges

5.2.4.1 Growing Price-Cutting Measures

5.2.4.2 Stringent and Time-Consuming Regulatory Policies

5.3 Porters Five Forces Analysis

6 Macro Indicator Analysis

6.1 Introduction

6.2 Trends and Forecast of GDP

6.3 Trends in the Automotive Industry

6.4 Trends and Forecast of the Global Construction Industry

7 Coating Resins Market, By Resin Type

7.1 Introduction

7.2 Acrylic Resin

7.3 Alkyd Resin

7.4 Vinyl Resin

7.5 Polyurethane Resin

7.6 Epoxy Resin

7.7 Unsaturated Polyester Resin

7.8 Saturated Polyester Resin

7.9 Amino Resin

7.1 Other Coating Resins

8 Coating Resins Market, By Technology

8.1 Introduction

8.2 Waterborne Coatings

8.3 Coating Resins for Solvent-borne Coatings

8.4 Powder Coatings

8.5 High Solids Coatings

8.6 Radiation Curable Coatings

8.7 Other Technologies

9 Coating Resins Market, By Application

9.1 Introduction

9.2 Architectural Coatings

9.3 Marine & Protective Coatings

9.4 General Industrial Coatings

9.5 Automotive Coatings

9.6 Wood Coatings

9.7 Packaging Coatings

9.8 Other Coatings

10 Coating Resins Market, By Region

10.1 Introduction

10.2 APAC

10.3 North America

10.4 Europe

10.5 Middle East & Africa

10.6 South America

11 Competitive Landscape

11.1 Overview

11.2 Key Market Players

11.3 Competitive Scenario

12 Company Profiles

12.1 Arkema

12.2 BASF

12.3 Royal DSM

12.4 Allnex Netherlands

12.5 DowDuPont

12.6 The Sherwin Williams Company

12.7 Evonik Industries

12.8 Polynt-Reichhold

12.9 Covestro

12.10 Huntsman International

12.11 Others Companies

12.11.1 Wacker Chemie

12.11.2 Alberdingk Boley

12.11.3 Jiangsu Sanmu Group Corporation

12.11.4 Eternal Chemical

12.11.5 Perstorp Holding

12.11.6 DIC Corporation

12.11.7 Nippon Gohsei

12.11.8 Qualipoly Chemical Corporation

12.11.9 CBC

12.11.10 Arakawa Chemical Industries

12.11.11 Wanhua Chemical Group

For more information about this report visit https://www.researchandmarkets.com/research/43q343/coating_resins?w=4