The Global Coating Resins market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
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The Coating Resins Market size is projected to grow from US$ 29.5 Billion in 2018 to US$ 37.9 Billion by 2023, at a CAGR of 5.1%. The coating resins market is expected to witness growth owing to the growth of end-use industries, such as building & construction, packaging, general industrial automotive, marine, aerospace, and furniture; which is a key factor driving the growth of the coating resins market.
Most Popular Companies in the Coating Resins Market include are Arkema S.A. (France), BASF SE (Germany), Royal DSM N.V. (Netherlands), Allnex Netherlands B.V. (Germany), and DowDuPont (US).
The Polyurethane segment accounted for the largest share in coating resins market. Moreover, it is also projected to witness the highest CAGR during the forecast period because of its usage in varied applications. Powdered polyurethanes are mostly used in appliance coatings; for instance, refrigerators, dryer drums, range cabinets, and so on.
Complete report on Coating Resins Market spread across 181 pages, profiling 11 companies and supported with tables and figures is now available @ https://www.reportsnreports.com/contacts/discount.aspx?name=300691
The Powder coatings technology segment is projected to register highest growth rate in the global coating resin market. Powder coatings are used in various end-use industries, such as automotive, appliance finishing, outdoor furniture manufacturing, and building & construction. The major factors driving this growth are the growth of powder coatings due to increasing stringent environmental regulations for zero or non-VOC coatings.
APAC is Projected expected to be the fastest-growing market for coating resins. This growth is mainly attributed to factors, such as huge and increasing addressable population base, rapid and growing construction activity, and increase in the number of automobiles, and wooden furniture. Compared to the mature markets, the market in APAC is projected to grow at a high rate from 2018 to 2023.