Coating Resins Market by Type (Acrylic, Epoxy, Polyurethane, Alkyd, Vinyl), by Technology (Waterborne, High Solid, Powder Coating, Radiation Cured), by Application (Architectural, Industrial, Protective & Marine, Automotive, Packaging), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

Coating Resins Market - Global Industry Analysis and Forecast 2020 to 2027

Coating Resins Market: Summary

The Global Coating Resins Market is projected to reach a value of over USD 52 billion by 2027 at a CAGR of around 4.5%.

Coating Resins are polymer or polymer latex materials that hold a coating formulation and provide adhesion to the substrate on which the coating is applied. It offers quick drying times, glosses retention, and superior weathering to coatings. Coating resins applied on the surface of the object to achieve hardness, corrosion resistance, weather resistance, and stain resistance. A liquid coating formulation consists of several other components such as pigments, additives, and solvents. Powder coating systems have a similar composition, except for the presence of solvents.

Coating Resins Market

Coating Resins Market: Drivers & Challenges

Market Driver:

  • Increasing Demand from End-Use Industry

Coating resins offers various advantages to the coatings such as reduce drying time, gloss retention, corrosion resistance, weather resistance, stain resistance and many other advantages. Due to these advantages, it gets widely used in the number of end-use industry such as in Automotive industry coating resins are used for heavy or light-duty vehicles as well as passenger cars to achieve mechanical strength, adhesion to metals, and heat resistance. Moreover, a growing trend of manufacturing furniture that is appealing and resists humidity and pests. Therefore, the furniture industry is increasingly using coating resins for varnish wooden structure. Thus, the increase in demand for coating resins from the various end-use industries has expected to boost the global coating resin market during the assessment period.

Market Restraint:

  • Fluctuating Cost of the Raw Materials

Several materials such as amino, polyester, cellulosic, silicone/polysiloxane, silicate and vinyl, and others can be used for the manufacturing of coating resins. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the assessment period. The price fluctuations are attributed to the mining and extraction of the raw materials, which are dependent on geological and geopolitical factors. These are petroleum-based products, which add up the cost on account of the supply-demand gap of crude oil. Thus, the fluctuating cost of the raw material is expected to hamper the coating resins market.

Coating Resins Market: Key Segments

  • Segmentation based on Type: Acrylic, Epoxy, Polyurethane, Alkyd, Vinyl, Unsaturated Polyester Resins, Saturated Polyester Resins, and Others.
  • Segmentation based on technology: Waterborne, High Solid, Powder Coating, and Radiation Cured
  • Segmentation based on application: Architectural, Industrial, Protective & Marine, Automotive, Packaging, and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Coating Resins Market: Report Scope

The report on the Coating Resins market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million) and Volume (Kiloton)

Segments Included

Type, Technology, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Arkema SA (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • DSM
  • Allnex Netherlands B.V.
  • DOW
  • The Sherwin©Williams Company
  • Evonik Industries Ag
  • Polynt-Reichhold
  • Covestro
  • Huntsman International LLC.
  • Mitsubishi Chemical Corporation
  • Toray Industries, Inc.
  • Mitsui Chemicals, inc.
  • Dic Corporation
  • The Lubrizol Corporation
  • Momentive performance materials inc.
  • Celanese Corporation
  • Olin Corporation
  • Other Key Companies

Coating Resins Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Coating Resins Market, by Type

  • Acrylic
  • Epoxy
  • Polyurethane
  • Alkyd
  • Vinyl
  • Unsaturated polyester resins
  • Saturated polyester resins
  • Others

Coating Resins Market, by Technology

  • Waterborne
  • High Solid
  • Powder Coating
  • Radiation Cured

Coating Resins Market, by Application

  • Architectural
  • Industrial
  • Protective & marine
  • Automotive OEM
  • Vehicle furnishes
  • Others

Coating Resins Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Coating Resins Market Providers
  • Coating Resins Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Coating Resins Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms


    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Rise in Demand for Green and Environment-Friendly Coating Systems
      2. Increasing Demand from End-Use Industry
    3. Restraint
      1. Fluctuating Cost of the Raw Materials
    4. Opportunities
      1. Potential Opportunities in Emerging Economies
      2. Development of Bio-Based Coatings
    5. Challenges
      1. Stringent Regulatory Policies
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL COATING RESINS MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Acrylic
    3. Epoxy
    4. Polyurethane
    5. Alkyd
    6. Vinyl
    7. Unsaturated Polyester Resins
    8. Saturated Polyester Resins
    9. Others
  7. GLOBAL COATING RESINS MARKET BY TECHNOLOGY, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Waterborne
    3. High Solid
    4. Powder Coating
    5. Radiation Cured
  8. GLOBAL COATING RESINS MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Architectural
    3. General Industrial
    4. Protective & Marine
    5. Automotive
    6. Packaging
    7. Others
  9. GLOBAL COATING RESINS MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. Arkema SA
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. BASF SE
    3. DSM
    4. Allnex Netherlands B.V.
    5. DOW
    6. The Sherwin©Williams Company
    7. Evonik Industries Ag
    8. Polynt-Reichhold
    9. Covestro
    10. Huntsman International LLC.
    11. Mitsubishi Chemical Corporation
    12. Toray Industries, Inc.
    13. Mitsui Chemicals, inc.
    14. SOLVAY
    15. EASTMAN
    16. Dic Corporation
    17. The Lubrizol Corporation
    18. Momentive performance materials inc.
    19. Celanese Corporation
    20. Olin Corporation
    21. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain


Rep Id : CM 0126

Published : August, 2020

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