Coating Resins Market Size to Reach Revenues of USD 54.7 Billion by 2026 - Arizton

CHICAGO, Oct. 26, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global coating resins market report.

The coating resins market is expected to grow at a CAGR of over 5.17% during the period 2020−2026.

Key Highlights Offered in the Report:  

1. Coating resin manufactures have immense opportunities across the globe due to the growth of several industries, such as architecture, automotive, marine, aerospace, construction, and infrastructure development, furniture, and paper.
2. Solvent borne, water-borne and powder-borne are the different types of formulation.
3. Among all the formulation types, the water-borne formulation segment dominated the market in 2020, accounting for more than 44% of the share.
4. A major growth driver for the segment is the increasing adoption of water-borne formulations by several end-user industries which are green and eco-friendly coatings. Also, the rising stringency of government regulations for VOC emissions is expected to accelerate the growth of the segment.
5. The architecture industry is the largest and projected to grow at the same trajectory in the coating resin market during the forecast period.
6. APAC is a leading market for coating resins. The market is expected to grow at a CAGR of 5.64% during the forecast period.

Key Offerings:

• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by formulation, coating type, end-use, and geography
• Competitive Landscape – 4 key vendors and 16 other vendors

Get your sample today! https://www.arizton.com/market-reports/coating-resins-market 

Coating Resins Market – Segmentation

• Solvent-borne coatings are made up of organic compounds that are applied on surfaces to prevent corrosion. These are liquefying agents that evaporate when they encounter oxygen. These coatings are less prone to environmental conditions such as humidity and high temperatures.
• Acrylic coating resins are the most widely used resins in the coating industry. An acrylic resin is both thermoplastic and thermosetting resin that is primarily derived from acrylic acid, methacrylic acid, and acrylate monomers such as butyl acrylate. Methacrlyate monomers such as methyl methacrylate provide good weather resistance and color, gloss retention, excellent durability, and remarkable resistance against water and UV rays.
• Architectural coatings are also known as a decorative coating. It is a coating formulation used to coat the interior & exterior of a building. The term architectural coatings comprise a wide range of coating including varnishes, paints, primers, sealers, inks, ceramics, and several others.

Coating Resins Market by Formulation