Increased demand from end use industries like Automotive, Protective & Marine, Industrial, and Architectural is the key driving factor which is expected to drive the growth of global coating resins industry.
Furthermore, rising demand for roadway markings as well as an increase in residential and commercial construction are the market boosting factors which are expected to propel the market growth during this forecast period. Additionally, a rise in the production of automobiles is expected to fuel market growth. High demand for coating resins due to its weather resistance properties will significantly boost the market growth over the forecast period.
Fluctuations in raw material prices and stringent regulations rules are the restraining factors which are expected to hamper the growth of global coating resins market.
The Global Coating Resins Market is segmented into type such as Saturated Polyester Resin, Unsaturated Polyester Resin, Vinyl, Alkyd, Polyurethane, Epoxy, Acrylic, and Others, by technology such as Radiation Cured, Powder Coating, High Solid, Solvent Borne, and Waterborne. Further, market is segmented into application such as Vehicle Refinish, Automotive OEM, Protective & Marine, Industrial, Architectural, and Others.
The Global Coating Resins Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as
Mitsubishi Chemical Corporation
Huntsman International LLC
Evonik Industries AG
The Sherwin Williams Company
Allnex Netherlands B.V, DSM
Saturated Polyester Resin
Unsaturated Polyester Resin
Protective & Marine
Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/ah8ne4
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211207006124/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900