Coatings Resins Market was valued at USD 35 Billion in 2022 and is projected to reach USD 50 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The coatings resins market exhibited a significant size in 2022, with an estimated valuation of approximately USD 42.5 billion. This market demonstrated a robust growth trajectory, characterized by a Compound Annual Growth Rate (CAGR) of around 5.6% during the forecast period from 2023 to 2030. Key factors driving this growth include increased demand from the automotive, construction, and industrial sectors, which are bolstering the adoption of high-performance coatings for various applications. Additionally, the rising emphasis on eco-friendly and sustainable products is fostering innovation and development in the coatings resins sector, further propelling market expansion.
Emerging markets are presenting notable opportunities for growth within the coatings resins industry. Regions such as Asia-Pacific, Latin America, and the Middle East are experiencing accelerated urbanization and infrastructure development, leading to heightened demand for coatings in these areas. The rapid industrialization in these emerging markets is anticipated to create substantial growth prospects, particularly for advanced and specialty resins. Furthermore, regulatory changes favoring environmentally compliant products are encouraging market players to invest in the development of novel, sustainable coating solutions, thereby enhancing the overall market dynamics.
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Bayer AG
Royal DSM
The Sherwin-Williams Company (The Valspar Corporation)
aPolynt SpA
Allnex Belgium SA/Nv
Arkema S.A.
BASF SE
Momentive Specialty Chemicals
The DOW Chemical Company
Evonik Industries AG
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Coatings Resins Market
Architectural
Industrial
Protective & Marine
Automotive OEM
Vehicle Refinish
Others
Based on Types the Market is categorized into Below types that held the largest Coatings Resins market share In 2023.
Acrylic
Epoxy
Polyurethane
Alkyd
Vinyl
Unsaturated Polyester Resin
Saturated Polyester Resin
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Coatings Resins Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Coatings Resins Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Coatings Resins Market, By Type
6. Global Coatings Resins Market, By Application
7. Global Coatings Resins Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Coatings Resins Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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