Coating Resins (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy) Market 2019 - Global Forecast to 2023

Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- 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 global coating resins market was valued at USD 28.05 billion in 2017 and is projected to reach USD 37.93 billion by 2023, at a CAGR of 5.1%, between 2018 and 2023.

Coating resins bind the coating ingredients together and enable them to stick to the surface to which the coating has been applied. They determine the performance of the coatings and appearance characteristics, such as water or scratch resistance, ability to protect against corrosion, and gloss or matt finish.

The global coating resins market is witnessing high growth on account of increasing applications, technological advancements, and growing demand in the APAC region. Coating resins are largely used in the architectural as well as industrial applications. The rapid growth of the coating resins market is driven by the rise in end-use industries, such as building & construction and automotive. Polyurethane resin is a major market and is mainly used in floor coatings, wood coatings, and textile coatings.

The growth of the coating resins market is primarily triggered by the economic growth in developing countries, growth in end-use industries, increasing investment in infrastructure, stringent environmental regulations, and growing purchasing power. The restraints include low availability and the high cost of specialized raw materials needed for specific coatings, the economic slowdown in Europe and the US, thus affecting the economy of other developed countries.

The environmentally-friendly characteristic has actually been one of the most important trends in the coatings industry since the last 10 years, largely influenced by tighter EU regulation regarding factors, such as the reduction of volatile organic compounds (VOC) emission in coating resins.

The demand has shifted from solvent-based coatings to environmentally-friendly products, such as water-based, powder, high solid, and UV/EB (Ultraviolet/Electron Beam) curable coatings (these products do not contain solvents that evaporate during the curing phase; they only need a special ultraviolet light to cure instantly).

Resins are the key to innovation in coatings and in turn influence the major trends in the coatings market. Architectural coatings are expected to continue to represent the bulk of the end-use demand for coating resins because of general economic trends along with construction and industrial activity.

Key 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
7.2.1 Acrylic Resins are the Largest Category of Binder Resins Used for Coating Applications
7.3 Alkyd Resin
7.3.1 Higher Resistance Property of Alkyd Resin to Drive the Market
7.4 Vinyl Resin
7.4.1 Increasing Development of Vinyl Resin to Boost the Market During the Forecast Period
7.5 Polyurethane Resin
7.5.1 Polyurethane to Be the Largest Resin Type of Coating Resins Market
7.6 Epoxy Resin
7.6.1 Diverse Applications of Epoxy Resins to Drive the Coating Resins Market
7.7 Unsaturated Polyester Resin
7.7.1 Relative Ease of Manufacture and Cost Effectiveness of Unsaturated Polyester Resins to Drive the Market
7.8 Saturated Polyester Resin
7.8.1 Growing Use of Saturated Polyester Resin to Drive the Market
7.9 Amino Resin
7.9.1 Paper and Textile Industries to Boost the Market
7.1 Other Coating Resins

8 Coating Resins Market, By Technology
8.1 Introduction
8.2 Waterborne Coatings
8.2.1 Types of Waterborne Coatings
8.2.2 Resin Types Used for Waterborne Coatings
8.2.3 Applications
8.2.4 Advantages and Disadvantages
8.3 Coating Resins for Solventborne Coatings
8.3.1 Advantages & Disadvantages
8.4 Powder Coatings
8.5 High Solids Coatings
8.5.1 Types of High Solids Coating Systems
8.5.2 Applications
8.5.2.1 Product Finishing
8.5.2.2 Automotive Applications
8.5.3 Advantages and Disadvantages
8.6 Radiation Curable Coatings
8.6.1 Resin Systems
8.6.2 Applications
8.6.3 Advantages
8.6.4 Limitations
8.7 Other Technologies

9 Coating Resins Market, By Application
9.1 Introduction
9.2 Architectural Coatings
9.2.1 Residential and Commercial Applications to Drive the Market
9.3 Marine & Protective Coatings
9.3.1 Increasing Use of Epoxy Resin to in Marine & Protective Coatings
9.4 General Industrial Coatings
9.4.1 Increasing Per Capita Income to Boost the Market
9.5 Automotive Coatings
9.5.1 Passenger Cars in Developing Countries Will Lead the Market
9.6 Wood Coatings
9.6.1 New Home Building Activities to Drive the Market
9.7 Packaging Coatings
9.7.1 Food & Beverage Industry to Drive Packaging Coatings
9.8 Other Coatings
9.8.1 Aerospace
9.8.2 Graphic Arts

10 Coating Resins Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Key Market Players
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 New Product Launches
11.3.3 Investments & Expansions
11.3.4 Joint Ventures & Agreements

12 Company Profiles

• Alberdingk Boley GmbH
• Allnex Netherlands B.V.
• Arakawa Chemical Industries, Ltd.
• Arkema S.A.
• BASF SE
• CBC Co., Ltd.
• Covestro
• DIC Corporation
• DowDuPont Inc.
• Eternal Chemical Co. Ltd.
• Evonik Industries AG
• Huntsman International LLC.
• Jiangsu Sanmu Group Corporation
• Nippon Gohsei
• Perstorp Holding AB
• Polynt-Reichhold
• Qualipoly Chemical Corporation
• Royal DSM N.V.
• The Sherwin\Williams Company
• Wacker Chemie
• Wanhua Chemical Group Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/4l47mc/coating_resins?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

                    CONTACT: ResearchAndMarkets.com
                             Laura Wood, Senior Press Manager
                             press@researchandmarkets.com
                             For E.S.T Office Hours Call 1-917-300-0470
                             For U.S./CAN Toll Free Call 1-800-526-8630
                             For GMT Office Hours Call +353-1-416-8900
                    Related Topics: Paints and Coatings