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The global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The acrylic segment accounted for more than 22% share of the global coating resins market in 2017.
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Coating Resins Market Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2018-2025
Introductionof Coating Resins Market The global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The acrylic segment accounted for more than 22% share of the global coating resins market in 2017. Coating resins are organic compounds used for decorative and industrial coating to protect surface from extreme environmental conditions coupled with properties such as high durability, adhesion, corrosion resistance, and wear resistance. These coatings are extensively used in furniture, automotive, marine, and protective applications. In recent years, the market has seen the development of novel industrial bio-based coatings in standalone facilities. With this trend, the global coating resin market is expected to grow with a notable CAGR during the forecast period. In 2017, Asia-Pacific and Europe collectively accounted for more than 79% of the global coating resins industry, in terms of value. These is due to the rapid economic development and growth of construction projects in Asia-Pacific.
Introductionof Coating Resins Market Scopeof theReport KeyBenefits KeyAudiences
Key Benefits The radiation cured coating resins segment is expected to grow at a significant CAGR of 6.30%, in terms of value, from 2018 to 2025. The alkyd segment is projected to grow at a CAGR of 5.50%, in terms of value. The coating resins market in Asia-Pacific is expected to grow at the highest CAGR of 5.80%, in terms of value. The Europe coating resins market accounted for more than 43% share in 2017. U.S. accounted for more than 57% of the North America market in 2017.
Table of Content (TOC) Chapter: 1 Introduction Chapter: 2 Executive Summary Chapter: 3 Market Overview Chapter: 4: Coating Resin Market, By Type Chapter: 5: Global Coating Resins Market, By Technology Chapter: 6: Global Coating Resin Market, By Application Chapter: 7: Global Coating Resins Market, By Region Chapter: 8: Company Profiles
Segments Coating Resins Market
Segments Coating Resins Market
Segments Coating Resins Market
Company Profiles Coating Resins Market Bayer AG Royal DSM. The Sherwin-Williams Company (The Valspar Corporation) PolyntSpA Allnexgroup Arkema Group
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