What is Coating Resins?
Coating Resins are a combination of organic compounds, which may be sourced from both natural ingredients or synthesised ingredients. They are highly viscous in nature, but get hardened after application with heat and pressure effect on it. They even offer smooth and shiny surface after the application. Their Chemical structure includes long chains of monomers. Major Types of Coating Resins include Epoxy, Vinyl, Acrylic, Polyrethane, Alkyd and others. With Acrylic accounting for the largest market share. Although the severe harmful effects on environment and health of people hinders the growth of the coating resins. Geographically, Asia Pacific is expected to be largest market fuelled by rapid industrialisation.
The market study is broken down by Type (Acrylic, Epoxy, Polyurethane, Alkyd, Vinyl, Polyester Resin and Others), by Application (Automotive, Building and Construction, Wood, Packaging and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Arkema S.A. (France), Dow Chemical (United States), Royal DSM (Netherlands), Allnex Netherlands B.V. (Germany), Evonik Industries AG (Germany), Bayer AG (Germany), Covestro AG (Germany), Polynt Spa (Italy) and Sherwin-Williams (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are DIC Corporation (Japan), Hexion Inc. (United States) and Chemours Company (United States).
AdvanceMarketAnalytics has segmented the market of Global Coating Resins market by Type, Application and Region.
On the basis of geography, the market of Coating Resins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Coating Resins market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Waterborne will boost the Coating Resins market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Covestro AG, a German multinational firm producing additives and chemicals required for manufacturing of coating, resins and adhesives has announced completion of acquisition of Royal DSMís Resins & Functional Materials business. This acquisition is expected to bolster Covestroís sustainable resin portfolio. The deal will lead to Covestro emerging as one of the market leaders in Coating resins market.
In 2019, DIC Corporation, a Japanese Speciality Chemicals manufacturer has announced acquisition of Ideal Chemi Plast Pvt. Ltd., which is a medium tier capabilities enabled resin manufacturer. Ideal Chemi specialises in manufacturing of acrylic, polyester, and alkyd among other major resins. The deal is set to make a path for DIC to make a direct entry into Indian chemical and resins market. Ideal Chemi has an extensive network of supply chain throughout India, along with its low cost manufacturing capabilities of high performance products makes it an ideal choice for DIC to expand in Indian Market.
- Acrylic Resin Accounts for Largest Market Share
- Growth in End User Industry
- Rapid Industrialisation
- Wide Array of Applications
- Environment Friendly Resins are increasing in Popularity
- Deteriorating Impact on Environment and Health because of Resins
- Improvising in Manufacturing of Coating Resins to Reduce Harmful Environmental Impacts
Key Target AudienceCoating Resins Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as BASF SE (Germany), Arkema S.A. (France), Dow Chemical (United States), Royal DSM (Netherlands), Allnex Netherlands B.V. (Germany), Evonik Industries AG (Germany), Bayer AG (Germany), Covestro AG (Germany), Polynt Spa (Italy) and Sherwin-Williams (United States) etc.
2. What would be the Market Size of Coating Resins Market by 2026?
Analysts at AMA estimates Coating Resins Market to reach USDXXX by 2026.
3. Can we have customized study for Coating Resins Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.