U.S (New York)– The “Coatings Resins Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global XXX, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Based on resin type, the market is divided into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. Based on technology, the market is categorized into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. Based on application, the market is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Coating resins are resin covering applied on the surface to achieve hardness, corrosion resistance, weather resistance, and stain resistance. Resins offer quick drying times, gloss retention, and superior weathering to coatings. Surge in demand for green and eco-friendly coating across the world drive the growth of the global coating resins market. There is an increase in the demand for low VOC coating products owing to the stringent regulation development for low VOCs emission in the developing countries. This boosts the growth of the market. Furthermore, rise in demand for coating in automotive and furniture industry is anticipated to boost the global coatings resins market during the forecast period. However, fluctuation in the raw material prices restrict the market growth. Conversely, the development of bio-based coatings are anticipated to offer new opportunities for the key players.
The key players operating in the marketinclude Bayer AG, Royal DSM, The Sherwin-Williams Company (The Valspar Corporation), and Polynt SpA. Other prominent players include Allnex Belgium SA/Nv, Arkema S.A., BASF SE, Momentive Specialty Chemicals, Inc., The DOW Chemical Company, and Evonik Industries AG.
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KEY BENEFITS FOR STAKEHOLDERS
>Porters Five Force’s analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
>It outlines the current trends and future scenario of the coatings resins market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
>Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.
>An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors.
>The key drivers, restrains, and opportunities and their detailed impact analyses are elucidated in the study.
>The profiles of the key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
>Acrylic
>Epoxy
>Polyurethane
>Alkyd
>Vinyl
>Unsaturated Polyester Resin
>Saturated Polyester Resin
>Others
By Technology
>Waterborne
>Solvent Borne
>High Solid
>Powder Coating
>Radiation Cured
By Application
>Architectural
>Industrial
>Protective & Marine
>Automotive OEM
>Vehicle Refinish
>Others
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By Region
>North America ?U.S.
?Canada
?Mexico
>Europe ?UK
?Germany
?France
?Spain
?Italy
?Rest of Europe
>Asia-Pacific ?China
?India
?Japan
?Vietnam
?Australia
?Rest of Asia-Pacific
>LAMEA ?Brazil
?Argentina
?South Africa
?Turkey
?Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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