Coating Resins Market Demand, Application, Growth, Overview, Share, Forecast 2019-2028

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Coating resins, also known as binders, are polymer materials that hold a coating formulation.

Coating resins, also known as binders, are polymer materials that hold a coating formulation together and provide adhesion to the substrate on which the coating is applied. Coating resins are polymers or polymer latex. A typical liquid coating formulation consists of several other components such as pigments, additives, and solvents. Coating resins bind the entire coating system together. Powder coating systems have a similar composition, except for the presence of solvents. The products of coating resins are used in an extensive range of applications:

Growing green, environmentally-friendly, and healthier coating systems, durable coatings with better performance and aesthetics and advancement in technology are some of the factors driving the coating resins market. Furthermore, lower price and efficiency in use is also the major factor driving the coating resins market. However, volatility in raw material prices is hampering the coating resins market globally.

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COATING RESINS MARKET REGIONAL TRENDS

Based on geography, the market is segmented into Asia-Pacific, North America, Europe and RoW. Asia Pacific region accounted for the largest market share in global coating resins market. Because the countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing remarkable surge in the usage of coating resins in the construction activity and rise in the number of automobiles, and wooden furniture are propelling the growth of the coating resins market.

COATING RESINS MARKET SEGMENTAL HIGHLIGHTS

The resin type studied in the report are acrylic resin, alkyd resin, amino resin, epoxy resin, polyurethane resin, saturated polyester resin, unsaturated polyester resin, vinyl resin and other coating resins. Acrylic is a low cost material which is used in diverse applications for water and chemical resistance, improved adhesion and blocking, and better blistering. It finds widespread usage in numerous industrial processes such as which include injection molding, compression molding, or extrusion. 

COATING RESINS MARKET KEY PLAYERS

The global coating resins market is led by key companies such as Alberdingk Boley Gmbh, Allnex Netherlands B.V., Arkema S.A., BASF SE, Covestro, Dic Corporation, Dowdupont Inc., Eternal Chemical Co. Ltd., Evonik Industries AG, Huntsman International LLC., Jiangsu Sanmu Group Corporation, Nippon Gohsei, Perstorp Holding Ab, Polynt-Reichhold, Royal DSM N.V., The Sherwin-Williams Company and Wacker Chemie. Foremost companies have invested huge capital in mergers acquisitions and research development activities to develop advanced products in the market. 

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