The coating resins market size, in terms of value, is
estimated to reach USD 38.15 Billion by 2020, signifying a firm CAGR of over
5.61% between 2015 and 2020. The drivers identified for the coating resins
market are green, environment-friendly & healthier coating systems; more
durable coatings with better performance & better aesthetics; and lower
costs in terms of price and efficiency in use.
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The market size, in terms of value, of coating resins is
estimated to be USD 29.03 Billion in 2015 and is projected to reach USD 38.15
Billion by 2020, at a CAGR of 5.61% between 2015 and 2020. The coating resins
market, along with its applications, witnessed a moderate-to-high growth in the
past few years and is likely to continue soin the coming years. The growth of
the coating resins market is primarily triggered by economic growth in
developing countries, growth in end-use industries, increasing investment in
infrastructure, stringent environmental regulations, and increasing purchasing
power.
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99 market tables and 67 figures spread through 202 pages and in-depth TOC on
"Coating Resins Market by Type (Acrylic, Alkyd, Vinyl, PU, Epoxy, Amino,
UPR, SPR & Others), by Technology (Waterborne, Powder, High Solvents, High
Solids, UV Cure), by Application (Architectural, Automotive, Wood, &
Others) - Global Forecast to 2020"
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Research Methodology
This study aims to estimate the market of coating resins for
2015 and project its demand by 2020. It also provides a detailed qualitative
and quantitative analysis of the coating resins market. Various secondary
sources such as directories, industry journals, and databases have been used to
identify and collect information useful for this extensive commercial study of
the coating resins market. Primary sources such as experts from related
industries and suppliers have been interviewed to obtain and verify critical
information as well as to assess prospects of the coating resins market. To
know about assumptions, download pdf brochure.
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Acrylic resin is the fastest-growing coating resin. It is
used in a wide range of applications for their chemical characteristics and
unique aesthetic properties. Currently, the strongest demand for acrylic resins
comes from the automotive, medical device, paints & coatings, adhesive
& sealant, and construction & architecture industries. Besides acrylic,
epoxy and polyurethane coating resins are also high growth segments in the
market.
High performance coatings , automotive, and wood coating
applications are estimated to witness the best growth prospects for coating
resins. High performance coatings include yacht, marine, and aerospace
coatings, where there is an increase in demand for green coating products along
with improved performance and durability. The use of green coating is expected
to help in reducing the costs in the aerospace industry. The marine coatings
market is strongly dependent on new building activity, while maintenance and
repair is a less cyclical business.
The biggest market for coating resins is Asia-Pacific,
followed by Western Europe and North America. It is estimated that Western
Europe will record a moderate growth due to strong regulations for coating
resins. Factors such as huge and increasing addressable population base,
rapidly growing construction activity, and increase in the number of
automobiles, wooden furniture, and other electronic appliances are driving the
growth of the Asia-Pacific coating resins market.
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M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
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