DUBLIN, Jan. 5, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/dt86sg/coating_resins) has announced the addition of the "Coating Resins Market - Global Forecast to 2020" report to their offering.
The coating resins market size, in terms of value, is estimated to reach USD 38.15 Billion by 2020, signifying a firm CAGR of over 5.61% between 2015 and 2020. The drivers identified for the coating resins market are green, environment-friendly & healthier coating systems; more durable coatings with better performance & better aesthetics; and lower costs in terms of price and efficiency in use.
Acrylic resin is the fastest-growing coating resin. It is used in a wide range of applications for their chemical characteristics and unique aesthetic properties. Currently, the strongest demand for acrylic resins comes from the automotive, medical device, paints & coatings, adhesive & sealant, and construction & architecture industries. Besides acrylic, epoxy and polyurethane coating resins are also high growth segments in the market.
High performance coatings , automotive, and wood coating applications are estimated to witness the best growth prospects for coating resins. High performance coatings include yacht, marine, and aerospace coatings, where there is an increase in demand for green coating products along with improved performance and durability. The use of green coating is expected to help in reducing the costs in the aerospace industry. The marine coatings market is strongly dependent on new building activity, while maintenance and repair is a less cyclical business.
The biggest market for coating resins is Asia-Pacific, followed by Western Europe and North America. It is estimated that Western Europe will record a moderate growth due to strong regulations for coating resins. Factors such as huge and increasing addressable population base, rapidly growing construction activity, and increase in the number of automobiles, wooden furniture, and other electronic appliances are driving the growth of the Asia-Pacific coating resins market.
The coating resins industry, being a developing one, has witnessed consolidation in the recent past. This has broadened product lines for some major companies. However, the coating resins industry remains fragmented, with the presence of a large number of companies.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Coating Resins Market, By Resin Type
8 Coating Resins Market, By Coating Technology
9 Coating Resins Market, By Application
10 Coating Resins Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/dt86sg/coating_resins
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
Share this article