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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 (2018-2028); 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 2023-2028 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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Coated Resins Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Coated Resins Historical Market (2018-2022) 
    8.3    Global Coated Resins Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Alkyd
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Polyurethane 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Epoxy
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Polyester 
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Solvent-Based
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Powder
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    General Industrial Coatings
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Marine and Protective Coatings 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Wood Coatings
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Automotive Coatings
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Coil Coatings
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Packaging Coatings 
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2018-2022)
            8.6.7.3    Forecast Trend (2023-2028)
        8.6.8    Others
    8.7    Global Coated Resins Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Coated Resins Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Coated Resins Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Coated Resins Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Coated Resins Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Coated Resins Market  Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Arkema 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Covestro AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    DIC Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Neville Chemical Company  
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Allnex GMBH 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Coated Resins Market: Key Industry Highlights, 2018 and 2028
2.    Global Coated Resins Historical Market: Breakup by Resin Type (USD Billion), 2018-2022
3.    Global Coated Resins Market Forecast: Breakup by Resin Type (USD Billion), 2023-2028
4.    Global Coated Resins Historical Market: Breakup by Formulating Technology (USD Billion), 2018-2022
5.    Global Coated Resins Market Forecast: Breakup by Formulating Technology (USD Billion), 2023-2028
6.    Global Coated Resins Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Coated Resins Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Coated Resins Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Coated Resins Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Coated Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Coated Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Coated Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Coated Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Coated Resins Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028, 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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We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

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Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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