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Global Coated Resins Market Size, Share, Trends, Forecast: By Resin Type: Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others; By Formulating Technology: Water-Based, Solvent-Based, Powder, Others; By Application: Architectural Coatings, General Industrial Coatings, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Coated Resins Market Outlook

The global coated resins market reached a value of about USD 46.06 billion in 2023. The market is further estimated to grow at a CAGR of 4.3% in the forecast period of 2024-2032 to reach a value of around USD 67.19 billion by 2032.

coated resins market

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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 market by segments

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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.

coated resins market by region

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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	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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 Analysis Porter's Five Forces Analysis 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 (2018-2023)
   8.3   Global Coated Resins Market Forecast (2024-2032)
   8.4   Global Coated Resins Market by Resin Type
       8.4.1   Acrylic
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Alkyd
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Polyurethane
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Epoxy
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Polyester
           8.4.5.1 Historical Trend (2018-2023)
           8.4.5.2 Forecast Trend (2024-2032)
       8.4.6   Others
   8.5   Global Coated Resins Market by Formulating Technology
       8.5.1   Water-Based
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Solvent-Based
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Powder
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Others
   8.6   Global Coated Resins Market by Application
       8.6.1   Architectural Coatings
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   General Industrial Coatings
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Marine and Protective Coatings
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Wood Coatings
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Automotive Coatings
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
       8.6.6   Coil Coatings
           8.6.6.1 Historical Trend (2018-2023)
           8.6.6.2 Forecast Trend (2024-2032)
       8.6.7   Packaging Coatings
           8.6.7.1 Historical Trend (2018-2023)
           8.6.7.2 Forecast Trend (2024-2032)
       8.6.8   Others
   8.7   Global Coated Resins Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Coated Resins Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Coated Resins Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Coated Resins Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Coated Resins Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Coated Resins Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2.   Global Coated Resins Historical Market: Breakup by Resin Type (USD Billion), 2018-2023
3.   Global Coated Resins Market Forecast: Breakup by Resin Type (USD Billion), 2024-2032
4.   Global Coated Resins Historical Market: Breakup by Formulating Technology (USD Billion), 2018-2023
5.   Global Coated Resins Market Forecast: Breakup by Formulating Technology (USD Billion), 2024-2032
6.   Global Coated Resins Historical Market: Breakup by Application (USD Billion), 2018-2023
7.   Global Coated Resins Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.   Global Coated Resins Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Coated Resins Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Coated Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Coated Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Coated Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Coated Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Coated Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Coated Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Coated Resins Market Structure

Key Questions Answered in the Report

What was the global coated resins market size in 2023?

In 2023, the global coated resins market attained a value of nearly USD 46.06 billion.

What is the growth rate of the market?

The market is assessed to grow at a CAGR of 4.3% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 67.19 billion by 2032.

What are the major market drivers?

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.

What are the key trends of the global coated resins market?

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.

What are the major regional markets of coated resins, according to the EMR report?

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

What are the significant resin types of coated resins?

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

What are the major market segments, based on formulating technology?

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

What are the different applications of coated resins?

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.

Who are the key market players, according to the report?

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 46.06 billion in 2023, 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 2024-2032, growing at a CAGR of 4.3%. The market is estimated to reach about USD 67.19 billion by 2032.

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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