Coating Resins Market Growth Report 2022-2027

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Global Coating Resins Market Research Report:

According to the latest report by IMARC Group, titled “ Coating Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2 027

” the global coating resins market reached a strong growth in 2021.

Coating resins refer to polymer compounds that are utilized in the production of coatings as primary components. These materials act as protective layers and are specifically used for toughness, corrosion, weather, and stain resistance. They possess water repellency, high ductility, elegant and captivating aesthetic, quick cleaning capabilities, and no strong or unpleasant aroma. They help update vintage furniture and furnishing items such as fireplaces and pellet stoves. Currently, they are being used to expand the life of concrete floors in warehouses, industrial facilities, and logistic centers. In recent years, coating resins have gained momentum due to their applications in various industry verticals like construction, automotive, and aerospace.

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Global Coating Resins Market Trends :

One of the primary factors driving the market is the escalating demand for architectural coatings on account of the rising residential and commercial construction across the globe. Additionally, the increasing usage of roadway markings, including lane changing and zebra crossing, for the safety of the masses is creating a positive market outlook. Besides this, the growing need to protect wooden structures from pests and humid conditions is accelerating product sales. Apart from this, these resins are used in passenger cars and light and heavy-duty commercial vehicles to provide mechanical strength, heat resistance, and adhesion to metals. Furthermore, coating resins are also used in electrical wires to provide electrical insulation. Another growth-inducing factor includes extensive investment in research and development (R&D) activities to launch various product innovations. For instance, market players have introduced green coating resins to develop environmentally friendly products. They are also focusing on introducing water-based alkyd technologies, which are expected to propel the market growth in the near future.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

by

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Competitive Landscape with Key Players:

Arkema S.A.

BASF SE

Covestro AG Dow Inc.

Evonik Industries AG

Hexion Inc.

Huntsman Corporation

Mitsubishi Chemical Holdings Corporation Polynt S.p.A.

• The Sherwin-Williams Company.

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