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Coating Resins Market worth 38.15 Billion USD by 2020

The growth of the coating resins market is primarily triggered by the economic growth in developing countries, growth in end-use industries, increasing investment in infrastructure, stringent environmental regulations, and increasing purchasing power. The use of environment-friendly products has been one of the most important trends in the coatings industry since the last 10 years, largely influenced by tighter EU regulation regarding reduction of volatile organic compounds (VOC) emission in coating resins. The demand has shifted from solvent-based coatings to environment-friendly products, such as water-based, powder, high solid, and UV curable coatings (these products do not contain solvent that evaporates during the curing phase; they only need a special ultraviolet light to cure instantly). Resins are the key to innovation in coatings.

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Coating Resins Market worth 38.15 Billion USD by 2020

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  1. MarketsandMarketsPresents Coating Resins Market worth 38.15 Billion USD by 2020

  2. The report "Coating Resins Market by Type (Acrylic, Alkyd, Vinyl, PU, Epoxy, Amino, UPR, SPR & Others), by Technology (Waterborne, Powder, High Solvents, High Solids, UV Cure), by Application (Architectural, Automotive, Wood, & Others) - Global Forecast to 2020", The coating resins market was valued at USD 29.03 Billion in 2015 and is projected to reach USD 38.15 Billion by 2020, at a CAGR of 5.61% between 2015 and 2020. Browse 99 market tables and 67 figures spread through 202 pages and in-depth TOC on "Coating Resins Market by Type (Acrylic, Alkyd, Vinyl, PU, Epoxy, Amino, UPR, SPR & Others), by Technology (Waterborne, Powder, High Solvents, High Solids, UV Cure), by Application (Architectural, Automotive, Wood, & Others) - Global Forecast to 2020"http://www.marketsandmarkets.com/Market-Reports/coating-resins-market-72316133.htmlEarly buyers will receive 10% customization on reports. The growth of the coating resins market is primarily triggered by the economic growth in developing countries, growth in end-use industries, increasing investment in infrastructure, stringent environmental regulations, and increasing purchasing power.

  3. The coating resins market size, in terms of value, is estimated to reach USD 38.15 Billion by 2020, signifying a firm CAGR of over 5.61% between 2015 and 2020. The drivers identified for the coating resins market are green, environment-friendly & healthier coating systems; more durable coatings with better performance & better aesthetics; and lower costs in terms of price and efficiency in use. Acrylic resin is the fastest-growing coating resin. It is used in a wide range of applications for their chemical characteristics and unique aesthetic properties. Currently, the strongest demand for acrylic resins comes from the automotive, medical device, paints & coatings, adhesive & sealant, and construction & architecture industries. Besides acrylic, epoxy and polyurethane coating resins are also high growth segments in the market. High performance coatings , automotive, and wood coating applications are estimated to witness the best growth prospects for coating resins. High performance coatings include yacht, marine, and aerospace coatings, where there is an increase in demand for green coating products along with improved performance and durability. The use of green coating is expected to help in reducing the costs in the aerospace industry. The marine coatings market is strongly dependent on new building activity, while maintenance and repair is a less cyclical business. The biggest market for coating resins is Asia-Pacific, followed by Western Europe and North America. It is estimated that Western Europe will record a moderate growth due to strong regulations for coating resins. Factors such as huge and increasing addressable population base, rapidly growing construction activity, and increase in the number of automobiles, wooden furniture, and other electronic appliances are driving the growth of the Asia-Pacific coating resins market.

  4. MarketsandMarketsis the largest market research firm worldwide in terms of premium market research reports published annually. Serving 1,700 Fortune organizations globally with more than 1200 premium studies in a year, MarketsandMarkets caters to multitude of clients across 12 different industry verticals. • MarketsandMarkets flagship Competitive Intelligence and Market Research platform - "RT"- connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of high growth niche markets. • We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository ABOUT MARKETSANDMARKETS

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