Global Coatings Resins Market 2018-2025: CAGR to Grow at 5.3% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The “Coatings Resins Market by Type, Technology and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.
The global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901 million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The acrylic segment accounted for more than 22% share of the global coating resins market in 2017.
In recent years, the market has seen the development of novel industrial bio-based coatings in standalone facilities. With this trend, the global coating resin market is expected to grow with a notable CAGR during the forecast period.
Based on resin type, the saturated polyester resins segment is projected to be the most lucrative segment during the forecast owing to its balance properties which include mechanical and chemical.
Based on technology, the radiation cured coating resin segment is projected to be the most lucrative segment during the forecast owing to lower volume of VOCs content.
Based on application, the architectural segment is estimated to grow at the highest CAGR during the forecast period owing to the increase in the demand for architectural coating owing to the growth of the housing market.
Key FindingsThe radiation cured coating resins segment is expected to grow at a significant CAGR of 6.3%, in terms of value, from 2018 to 2025 The alkyd segment is projected to grow at a CAGR of 5.50%, in terms of value The coating resins market in Asia-Pacific is expected to grow at the highest CAGR of 5.8%, in terms of value
Companies ProfiledBayer AG Royal DSM The Sherwin-Williams Company (The Valspar Corporation) Polynt SpA Allnex group Arkema Group BASF SE Hexion Inc. The Dow Chemical Company Evonik Industries AG
For more information about this report visit https://www.researchandmarkets.com/research/7ql8nf/global_coatings?w=4
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Related Topics:Plastic Resins,Paints and Coatings
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 08/08/2018 02:21 PM/DISC: 08/08/2018 02:21 PM