Demand for green & environment-friendly coating systems, rise in the global automotive industry, and increasing architectural coatings demand drive the growth of the global coating resins market. Asia-Pacific and Europe collectively contributed the highest share in 2017, and will maintain its dominance throughout the forecast period. During the coronavirus pandemic, the revenue generated from coating resins will be reduced for few months due to the restrictions on the application industries.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global coating resins market generated $35.10 billion in 2017, and is estimated to reach $52.90 billion by 2025, registering a CAGR of 5.3% from 2018 to 2025.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
Based on type, the saturated polyester resin segment contributed to the largest share in 2017, and is estimated to maintain its dominant position during the forecast period. However, the alkyd segment is estimated to witness a CAGR of 5.5% from 2018 to 2025. Based on technology, the radiation cured coating resin segment accounted for the largest share in 2017, and is expected to maintain the largest share throughout the forecast period. In addition, this segment would register a CAGR of 6.3% from 2018 to 2025.
The Coatings resins market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on application, the architectural segment accounted for the largest share in 2017, and is expected to maintain the largest share throughout the forecast period. Moreover, the same segment would register the highest CAGR during the forecast period.
Based on application, the architectural segment accounted for the largest share in 2017, and is expected to maintain the largest share throughout the forecast period. Moreover, the same segment would register the highest CAGR during the forecast period.
Coatings Resins Companies Covered Market:- Bayer AG, The Sherwin-Williams Company (The Valspar Corporation) Royal DSM, Polynt SpA., Allnex Belgium SA/Nv, BASF SE, Arkema S.A., The DOW Chemical Company, Momentive Specialty Chemicals, Inc and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Coatings resins market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Coatings resins market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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