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Global Coated Resins Market: By Resin Type: Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others; By Formulating Technology: Water-Based, Solvent-Based, Powder, Others; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Coated Resins Market Outlook

The global coated resins market reached a value of about USD 42.42 billion in 2021. The market is further estimated to grow at a CAGR of 4.20% in the forecast period of 2022-2027 to reach a value of around USD 54.7 billion by 2027.

 

Rising Demand for Epoxy Resins to Propel the Market Growth of Coated Resins

Based on resin type, the increasing demand for epoxy resins from various application sectors is driving the growth of the segment. The adaptability of epoxy resins owing to effective corrosion protection is leading to its use in rapidly developing sectors such as chemical, pharmaceutical, energy, pulp industry, desulphurisation plants, and water treatment plants. In addition, epoxy resin possesses strong adhesive properties and is utilised in the expanding construction activities worldwide. Epoxy resins are good insulators, and they offer protection from dust, moisture, and short circuits, thus, resulting in the application of epoxy resins in electronics and electrical systems. Furthermore, the growing environmental consciousness among the population is leading to the development of bio-based epoxy resins using renewable resources, such as vegetable oil, furan, lignin, rosin, vanillin, and itaconic acid, for lower ecotoxicity and carbon footprints. In August 2021, Covestro announced the launch of Paint with Nature, a new plant-powered approach to provide education on bio-based raw materials to increase the acceptance of bio-based solutions in the paints and coatings industries. The use of bio-based epoxy resins for applications across diverse sectors is expected to further invigorate the market growth of coated resins.

 

Market Segmentation

Coated resins are polymer compounds used to manufacture adhesives, coatings, paints, plastics, primers and sealers, floors, and other materials. They are also used as protective layers in various end-uses like architectural surfaces, industries, wood, automotive, and packaging sectors, among others. The industry has witnessed rapid developments in various resin technologies and products to provide optimal solutions for paints and coatings sector.

The market for coated resins, by resin type, is divided into:

  • Acrylic
  • Alkyd
  • Polyurethane 
  • Epoxy
  • Polyester 
  • Others

Based on formulating technology, the market is segmented into:

  • Water-Based
  • Solvent-Based
  • Powder
  • Others

On the basis of application, the market is categorised into:

  • Architectural Coatings
  • General Industrial Coatings
  • Marine and Protective Coatings 
  • Wood Coatings
  • Automotive Coatings
  • Coil Coatings
  • Packaging Coatings 
  • Others

The regional markets for coated resins can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Demand for Waterborne Coated Resins Driving the Market Growth of Coated Resins

The rising demand for waterborne coated resins owing to their multiple advantages such as good resistance to heat and abrasion, excellent adhesion, low toxicity due to low VOC levels, reduced air emissions, and cost-effectiveness when compared to solvent-borne coatings is fuelling the market growth. In addition, they enhance worker safety and are used in both traditional and speciality applications. The rising production of automobiles owing to improved living standards is leading to a surge in the use of coated resins as they protect vehicle bodywork from corrosion and other damages, thus, doubling the lifetime of a vehicle. Furthermore, the initiatives taken by the government to accelerate infrastructural projects are resulting in the increased demand for coated resins in the sector. This is because coated resins, such as epoxy, are used for high-performance building applications due to their favourable properties. Additionally, the efforts made by the market players to expand their product portfolio and the advancements in coating technology are expected to augment the market for coated resins over the forecast period.

 

Key Players in the Global Coated Resins Market

The report gives a detailed analysis of the following key players in the global coated resins market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Arkema
  • Covestro AG
  • DIC Corporation
  • Neville Chemical Company
  • Allnex GMBH
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Resin Type
  • Formulating Technology
  • Application
  • Region
Breakup by Resin Type
  • Acrylic
  • Alkyd
  • Polyurethane 
  • Epoxy
  • Polyester 
Breakup by Formulating Technology
  • Water-Based
  • Solvent-Based
  • Powder
  • Others
Breakup by Application
  • Architectural Coatings
  • General Industrial Coatings
  • Marine and Protective Coatings
  • Wood Coatings
  • Automotive Coatings
  • Coil Coatings
  • Packaging Coatings
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arkema
  • Covestro AG
  • DIC Corporation
  • Neville Chemical Company
  • Allnex GMBH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Coated Resins Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Coated Resins Historical Market (2017-2021) 
    8.3    Global Coated Resins Market Forecast (2022-2027)
    8.4    Global Coated Resins Market by Resin Type
        8.4.1    Acrylic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Alkyd
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Polyurethane 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Epoxy
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Polyester 
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Others
    8.5    Global Coated Resins Market by Formulating Technology
        8.5.1    Water-Based
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Solvent-Based
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Powder
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Coated Resins Market by Application
        8.6.1    Architectural Coatings
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    General Industrial Coatings
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Marine and Protective Coatings 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Wood Coatings
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Automotive Coatings
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Coil Coatings
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Packaging Coatings 
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2017-2021)
            8.6.7.3    Forecast Trend (2022-2027)
        8.6.8    Others
    8.7    Global Coated Resins Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Arkema 
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Covestro AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    DIC Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Neville Chemical Company  
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Allnex GMBH 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Coated Resins Market: Key Industry Highlights, 2017 and 2027
2.    Global Coated Resins Historical Market: Breakup by Resin Type (USD Billion), 2017-2021
3.    Global Coated Resins Market Forecast: Breakup by Resin Type (USD Billion), 2022-2027
4.    Global Coated Resins Historical Market: Breakup by Formulating Technology (USD Billion), 2017-2021
5.    Global Coated Resins Market Forecast: Breakup by Formulating Technology (USD Billion), 2022-2027
6.    Global Coated Resins Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Coated Resins Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Coated Resins Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Coated Resins Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Coated Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Coated Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Coated Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Coated Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Coated Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Coated Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Coated Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Coated Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Coated Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Coated Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Coated Resins Market Structure

Key Questions Answered in the Report

In 2021, the global coated resins market attained a value of nearly USD 42.42 billion.

The market is assessed to grow at a CAGR of 4.20% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach almost USD 54.7 billion by 2027.

The major market drivers include the growing applications of coated resins in various sectors, expanding construction projects, increasing production of automobiles, exceptional characteristics of coated resins, rising eco-consciousness, and development of bio-based coating solutions.

The key trends guiding the growth of the market include the rising demand for waterborne coated resins, advancements in coating technologies, and initiatives taken by market players to expand their product portfolio.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant resin types of coated resins include acrylic, alkyd, polyurethane, epoxy, and polyester, among others.

The major segments, based on formulating technology, include water-based, solvent-based, and powder, among others.

The different applications of coated resins include architectural coatings, general industrial coatings, marine and protective coatings, wood coatings, automotive coatings, coil coatings, and packaging coatings, among others.

The major players in the market are Arkema, Covestro AG, DIC Corporation, Neville Chemical Company, and Allnex GMBH, among others.

Analyst Review

The global coated resins market attained a value of nearly USD 42.42 billion in 2021, driven by the growing applications of coated resins in various sectors. Aided by the advancements in coating technologies, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.20%. The market is estimated to reach about USD 54.7 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for coated resins, by resin type, is divided into acrylic, alkyd, polyurethane, epoxy, and polyester, among others. Based on formulating technology, the market is segmented into water-based, solvent-based, and powder, among others. On the basis of application, the market is classified into architectural coatings, general industrial coatings, marine and protective coatings, wood coatings, automotive coatings, coil coatings, and packaging coatings, among others. The major regional markets for coated resins are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arkema, Covestro AG, DIC Corporation, Neville Chemical Company, and Allnex GMBH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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