Coating Resins Market- Forecast (2018-2023)Posted by Venkatesh on October 3rd, 2018 In the Report “Coating Resins Market: By Type (Acrylic, Alkyd, Amino, Epoxy, Others); By Formulation (Water, Solvent, Hot Melt, Others); By Application (Architectural, Automotive, F&B, Industrial, Others); By Geography - (2018-2023)” published by IndustryARC, the market drivers identifiedare the development of green, environmental-friendly and healthier coatingsystems,more durable coatings with better performance and better aesthetics, and lower costs and efficiency in use that will continue in coming years. America continues leading growth in the Coating Resins Market America’s Coating Resins Market is predicted to expand rapidly as compared to other regions,to generate a revenue of .78million by 2023. Reason behind fastest growth is that the region has been the pioneer in coatings and related chemicals, mainly driven by innovation, scale of manufacturing and robust chemical industry. Americas host many major suppliers of coating resins including Dow Chemicals and Momentive Specialty Chemicals, Inc. Asia-Pacific with increased concentration of industrial clusters, accounted for 47% of theglobal market and is forecast to maintain itspowerover the coming years. The APAC region is forecast to be the second fastest growing market for coating resins globally. The region accounted for a revenue of .50 billion in 2017 and is estimated to grow with a CAGR of 4.4% through the forecast period to reach .22 billion by 2023. Selected Type Analysis done in the full Report: Acrylic resinholds the highest share for coating resins market revenue due to the increasing demand from the end user segments such as architecture and automotive applications. New developments in waterborne acrylic technology are pushing the limits of their performance.Acrylic resins generated the maximum share of 31% in 2017, which accounted for .7 billion in the overall coating resins market. It is anticipated to grow at a CAGR of 5.4% and to reach .55 billion by 2023. The market is followed by alkyd resin,which also holds a considerable share of 16% in the global coating resins market.The alkyd resin market is set to experience a shift from using solvent to water based coatings. The global market revenue of alkyds in coatingresins is estimated to reach .14 billionat a CAGR of 2.9% during the forecast period of 2018 to 2023. The market revenue of amino resin coatings in application is estimated to reach .25 billion at a CAGR of 7.9% during the forecast 2018 to 2023. Epoxies are undoubtedly the most extensively used coatings in the wastewater field. The market revenue for epoxy resinsin coating application is estimated to grow at a CAGR of 6.0% and to reach a revenue of .70 billion by 2023.Ethylene was majorly seen in high demand, where the suppliers of North America polyvinyl chloride (PVC) had announced aprice increase of up to 0/ton. The rise in cost was caused by the increasing demand for resin from India and China. The market for vinyl resins is estimated to reach .7 billion at a CAGR of 2.6% during the forecast period 2018-2023. Polyurethane resinis a highly potential market which has displayed a robust growth over the past few years. Automotive and Appliances segments are the largest end-user segment for polyurethane. Some key drivers for growth in the global polyurethane market are cost effectiveness and adaptability of polyurethane foams in their application industries.The polyurethane coatingmarket is expected to reach billion by 2023. Saturated Polyester Resinsis estimated to reach a CAGR of 6.9%,followed by UnsaturatedPolyester Resins. To access / purchase the Coating Resins Market report browse the link below https://industryarc.com/Report/11680/coating-resins-market.html Excerpts on Market Growth Factors • South-East countries are undergoing a transformational change in terms of both the economic and infrastructural developments. So, new investments mainly in China in the sectors of infrastructure, automotive and food &beverage sectors would present high opportunities for coating resinfillingmarket. Key players of the Coating Resins Market The major manufacturers of coating resin are the Dow Chemical Company, BASF SE and many others. HELIOS Group, Reichhold LLC, Allnex Belgium SA/NV are some of the players that produce coating resins for architectural coatings application market. DSM Coating Resins, Allnex Belgium SA/NV are some of the players that produce coating resins for automotive coatings application market. OMNOVA Solutions Inc., Nuplex Industries Ltd., BASF SE are some of the players that produce coating resins for industrial coatings application market. Michelman, Inc., and AkzoNobel N.V. are some of the players that produce coating resins for paper and pulp coatings application market. Coating Resins Market report is segmented as below A. Coating Resins Market: By Type 1. Acrylic Resins B. Coating Resins Market – By Formulation 1. Water Based C. Coating Resins Market – By Application 1. Architectural D. Cloud Billing Market by Geography (covers 10+ countries) Companies Cited / Interviewed 1. Koninklijke Dsm N.V What can you expect from the report? The Coating Resins Market Report is Prepared with the Main Agenda to Cover the following 20 points: 1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume) Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. Media Contact: Mr. Venkat Reddy About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. Like it? Share it!More by this author |