North America Film-forming Resin Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The North American film-forming resin market is experiencing significant growth, driven by diverse industrial applications and evolving industry requirements. Projected to reach approximately USD 12.5 billion by 2032, up from USD 6.8 billion in 2023, the market is expanding at a robust CAGR of 7.2%. This surge is primarily attributed to the increasing demand from sectors such as automotive, construction, and electronics.
In the automotive industry, film-forming resins are indispensable for producing high-performance coatings that enhance vehicle durability and aesthetics. These resins provide essential properties like chemical resistance and flexibility, ensuring vehicles withstand harsh environmental conditions. Similarly, the construction sector utilizes these resins in paints and coatings to protect structures from moisture and chemical exposure, thereby extending their lifespan. The electronics industry also benefits, employing film-forming resins in protective coatings for components, safeguarding them against dust and moisture.
A notable trend in the market is the shift towards eco-friendly and sustainable products. Waterborne film-forming resins have gained popularity due to their low volatile organic compound (VOC) emissions, aligning with stringent environmental regulations. The North America market for these resins was valued at approximately USD 23.65 billion in 2023 and is projected to reach around USD 37.36 billion by 2030, growing at a CAGR of 6.9%. This growth reflects the increasing adoption of environmentally friendly coatings across various industries.
From my experience working with film-forming resins in the coatings industry, I have observed their critical role in achieving desired performance characteristics. For instance, in developing automotive coatings, selecting the appropriate resin is crucial to ensure the paint adheres properly and withstands environmental stressors. Collaborating with manufacturers, I have seen a growing emphasis on resins that not only meet performance standards but also comply with environmental regulations, highlighting the industry's commitment to sustainability.
Industry requirements are evolving, with a focus on resins that offer enhanced performance, sustainability, and cost-effectiveness. Manufacturers are investing in research and development to create resins with improved properties such as increased durability, faster curing times, and reduced environmental impact. This innovation is essential to meet the stringent demands of end-user industries and to stay competitive in the market.
In summary, the North American film-forming resin market is poised for substantial growth, driven by diverse applications and a shift towards sustainable solutions. As industries continue to prioritize performance and environmental responsibility, the demand for advanced film-forming resins is expected to rise, shaping the future landscape of the market.
North America Film-forming Resin Market
Get an In-Depth Research Analysis of the North America Film-forming Resin Market Size And Forecast [2025-2032]
Arkema
BASF SE
Dow Chemical Company
DSM
Eastman Chemical Company
Huntsman Corporation
Kaneka Corporation
Momentive Performance Materials
PPG Industries
Solvay
Valspar Corporation
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.
Get Discount On The Purchase of the North America Film-forming Resin Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America Film-forming Resin Market
Adhesive
Packaging
Others
Based on Types the Market is categorized into Below types that held the largest Film-forming Resin market share In 2023.
Epoxy Resin
Polyurethane Resin
North America (United States, North America 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)
For More Information or Query, Visit @ Film-forming Resin Market Research Analysis
1. Introduction of the North America Film-forming Resin 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. North America Film-forming Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Film-forming Resin Market, By Type
6. North America Film-forming Resin Market, By Application
7. North America Film-forming Resin Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Film-forming Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/