Coating Resins Market by Type, Application and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 181 SKU: IRTNTR76096

Coating Resins Market Forecast 2023-2027

The coating resins market size is estimated to grow by USD 18.22 billion at a CAGR of 5.97% between 2022 and 2027. The growing construction industry, particularly in emerging economies, is driving demand for protective coatings to enhance the durability and longevity of buildings and infrastructure. Increasing industrialization globally is also contributing to market growth, as industries such as manufacturing and automotive require these to protect their assets from corrosion and wear. Additionally, increasing consumer awareness regarding the importance of protective coatings for maintaining and extending the life of products is driving demand for these in various consumer applications.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by type (acrylic coating resin, polyurethane coating resin, epoxy coating resin, alkyds coating resin, and vinyl and other coating resins), application (architecture coating, general industrial coating, automotive coating, high performance coating, and other coatings) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

By Type

The market share growth by the acrylic coating resin segment will be significant during the forecast period. Acrylic resin refers to a polymeric substance (in solution, dispersion, or solid form) that contains acrylic monomers. Additional monomers can also be added to the polymer chains to produce resins with various qualities or at a reduced cost.

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The acrylic coating resin segment was the largest segment and was valued at USD 11.69 billion in 2017.  Attributes such as good chemical and photochemical resistance, excellent transparency, and weather resistance are often present in acrylic resins. By selecting the right monomer and changing the molecular weight, acrylic resins can be widely customized, ranging from extremely hard to sticky, depending on the performance requirements. Acrylic resins are applicable in a variety of industrial and consumer items, including optical lenses, light guide plates, and adhesives. Therefore, the rising use of acrylic resins owing to their various advantages, will fuel the growth of the segment in the market during the forecast period.

By Region

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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries like China, India, Japan, South Korea, and Southeast Asian nations have fueled increased demand for various applications, thereby driving the growth of the regional market.  The flourishing automotive industry in APAC has contributed significantly to the expansion of the market in focus. Countries like China, Japan, and South Korea are major automobile manufacturing hubs, driving the demand for high-performance automotive. They play an essential role in automotive topcoats, providing protection, gloss, and color retention, making them essential for the growth of the automotive sector.

Market Dynamics and Customer Landscape

The market is driven by various factors, such as the increasing demand for eco-friendly and environment-provided coating systems. These resins offer properties like shine retention, structural coatings, and meteorology resistance, making them ideal for various applications in the building and construction sector. With a focus on architectural development and pathways marking, the market is witnessing a shift towards bio-oriented coatings and zero- or non-VOC to comply with strict regulations. The market includes a range of resin types, including acrylic, alkyd, waterborne, solvent-borne coatings, and powder coatings, catering to diverse needs in the industry. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The growing construction industry is a major factor notably driving the market growth. The growth of the construction industry significantly impacts the demand for various applications. Both developed and emerging economies are experiencing rapid urbanization and population growth, leading to increased demand for new infrastructure, residential buildings, commercial spaces, and public facilities. Architectural coatings, including paints, varnishes, and stains, are essential components of the construction industry, providing protection and enhancing the appearance of buildings, bridges, and other structures against damage from weather, UV radiation, and environmental contaminants. These are formulated with various resins to achieve specific properties such as fast drying times, shine retention, and durability. Additionally, there is a growing demand for eco-friendly and environment-provided coating systems that align with sustainable building designs.

Furthermore, the expansion of the construction sector encompasses not only urban areas but also infrastructure developments such as bridges, airports, and transportation facilities. The market is driven by the need for these to preserve these critical infrastructure assets from corrosion and wear. Therefore, the growth of the construction industry is a key driver expected to fuel market growth in the forecast period.

Significant Market Trends

The growing popularity of bio-based coating resins is an emerging trend shaping the market growth. Increasing demand for organic materials is expected due to the increase in petrochemical raw material prices, such as olefins, phthalates, and aromatic vinyl compounds. In addition, the development of more environmentally friendly alternatives to conventional hydrocarbon-based resins has been driven by an increasing focus on carbon footprint reduction worldwide. Bio-based resins are mostly being adopted for use in automotive, electronics, and sports applications. For instance, with the certification of several bio-attributed acrylic monomers utilizing the mass balance technique, Arkema announces a significant advancement in its innovative sustainable offering.

Moreover, Arkema is now able to provide customized acrylic additives and resins with certified bio-attributed for a variety of applications with the help of these monomers, which establishes the group as the leader of the market and a significant partner for clients in the provision of bio-attributed acrylic materials.  Given the growing demand for bio-based resins, several companies have concentrated on new plant construction. The growing focus of the market on biobased resins is expected to drive market growth during the forecast period. 

Major Market Challenge

Stringent regulations related to coating resins are a significant challenge hindering market growth. Globally, the coatings are directed to comply with strict regulations. To govern the market, regulatory organizations have implemented various regulations. Polyamide resin coatings must comply with these regulations for various end-user applications such as construction. Some of the regulations are the Toxic Substances Control Act (TSCA), administered by the US Environmental Protection Agency (EPA), which regulates the introduction of new or pre-existing chemicals.

Moreover, the aromatic and aliphatic polyamide resins are listed under TCSA and National Emission Standards for Hazardous Air Pollutants (NESHAP) are standards for hazardous air pollutants that are suspected of causing cancer or other serious health effects. However, regarding the use of resins, coatings must comply with stringent government regulations. Such stringent regulations on the production and the profit margins of suppliers and coatings are anticipated to impede market growth during the forecast period. 

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Coating Resins Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Arkema Group - The company offers coating resins such as waterborne and resins.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • BASF SE
  • Covestro AG
  • DIC Corp.
  • Dow Chemical Co.
  • Eastman Chemical Co.
  • Evonik Industries AG
  • Hexion Inc.
  • Huntsman International LLC
  • Kukdo Chemical Co. Ltd.
  • Mitsubishi Chemical Group Corp.
  • Olin Corp.
  • PETRONAS Chemicals Group Berhad
  • Polynt Spa
  • PTT Public Co. Ltd.
  • Solvay SA
  • The Sherwin Williams Co.
  • Toray Industries Inc.
  • Wacker Chemie AG
  • Wanhua Chemical Group Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook 
    • Acrylic coating resin
    • Polyurethane coating resin
    • Epoxy coating resin
    • Alkyds coating resin
    • Vinyl and other coating resins
  • Application Outlook 
    • Architecture coating
    • General Industrial coating
    • Automotive coating
    • High performance coating
    • Other coatings
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Brazil
      • Argentina
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth driven by the demand for corrosion resistance, hardness, and stain resistance in various industries. Factors such as meteorology resistance properties and maintenance cost are also influencing market dynamics. Industries like the manufacture of automobiles are adopting advanced dust coating technologies, including thin-coating dust and Ultra Violet-cured specks of dust, to enhance product durability. Additionally, the market is experiencing a surge in demand for powder coating elements and medium density fibreboard for applications in outdoor furniture manufacturing and appliance finishing. Stricter environmental regulations are driving the market towards more eco-friendly and high-performance materials, leading to increased investments and collaboration among market participants.

The market is experiencing growth across various segments, including Pathway roads and Metallic parts, driven by advances in technology. Manufacturers are focusing on developing less-temperature cured specks of dust and excessive-heat clear coating materials to meet the demand for durable and high-performance. In the appliances industry, there is a growing preference for thermoplastic and thermoset films due to their properties, such as porosity and stain resistance. This market is witnessing substantial development in developing regions, with acquiring authority and factory participants playing key roles in the expansion of production sites and the introduction of new product lines.

 Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.97%

Market growth 2023-2027

USD 18.22 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.41

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Arkema Group, BASF SE, Covestro AG, DIC Corp., Dow Chemical Co., Eastman Chemical Co., Evonik Industries AG, Hexion Inc., Huntsman International LLC, Kukdo Chemical Co. Ltd., Mitsubishi Chemical Group Corp., Olin Corp., PETRONAS Chemicals Group Berhad, Polynt Spa, PTT Public Co. Ltd., Solvay SA, The Sherwin Williams Co., Toray Industries Inc., Wacker Chemie AG, and Wanhua Chemical Group Co. Ltd.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about coatings
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global coating resins market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global coating resins market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Acrylic coating resin - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Acrylic coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Acrylic coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Acrylic coating resin - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Acrylic coating resin - Year-over-year growth 2022-2027 (%)
    • 6.4 Polyurethane coating resin - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Polyurethane coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Polyurethane coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Polyurethane coating resin - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Polyurethane coating resin - Year-over-year growth 2022-2027 (%)
    • 6.5 Epoxy coating resin - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Epoxy coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Epoxy coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Epoxy coating resin - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Epoxy coating resin - Year-over-year growth 2022-2027 (%)
    • 6.6 Alkyds coating resin - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Alkyds coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Alkyds coating resin - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Alkyds coating resin - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Alkyds coating resin - Year-over-year growth 2022-2027 (%)
    • 6.7 Vinyl and other coating resins - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Vinyl and other coating resins - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Vinyl and other coating resins - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Vinyl and other coating resins - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Vinyl and other coating resins - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 56: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 58: Chart on Comparison by Application
      • Exhibit 59: Data Table on Comparison by Application
    • 7.3 Architecture coating - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Architecture coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Architecture coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Architecture coating - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Architecture coating - Year-over-year growth 2022-2027 (%)
    • 7.4 General Industrial coating - Market size and forecast 2022-2027
      • Exhibit 64: Chart on General Industrial coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on General Industrial coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on General Industrial coating - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on General Industrial coating - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive coating - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Automotive coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Automotive coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Automotive coating - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Automotive coating - Year-over-year growth 2022-2027 (%)
    • 7.6 High performance coating - Market size and forecast 2022-2027
      • Exhibit 72: Chart on High performance coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Data Table on High performance coating - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Chart on High performance coating - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on High performance coating - Year-over-year growth 2022-2027 (%)
    • 7.7 Other coatings - Market size and forecast 2022-2027
      • Exhibit 76: Chart on Other coatings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Data Table on Other coatings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Chart on Other coatings - Year-over-year growth 2022-2027 (%)
      • Exhibit 79: Data Table on Other coatings - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 80: Market opportunity by Application ($ billion)
      • Exhibit 81: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 84: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 119: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 120: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 121: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 123: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 124: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 125: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 126: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ billion)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 12.3 Arkema Group
              • Exhibit 135: Arkema Group - Overview
              • Exhibit 136: Arkema Group - Business segments
              • Exhibit 137: Arkema Group - Key news
              • Exhibit 138: Arkema Group - Key offerings
              • Exhibit 139: Arkema Group - Segment focus
            • 12.4 BASF SE
              • Exhibit 140: BASF SE - Overview
              • Exhibit 141: BASF SE - Business segments
              • Exhibit 142: BASF SE - Key news
              • Exhibit 143: BASF SE - Key offerings
              • Exhibit 144: BASF SE - Segment focus
            • 12.5 Covestro AG
              • Exhibit 145: Covestro AG - Overview
              • Exhibit 146: Covestro AG - Business segments
              • Exhibit 147: Covestro AG - Key news
              • Exhibit 148: Covestro AG - Key offerings
              • Exhibit 149: Covestro AG - Segment focus
            • 12.6 DIC Corp.
              • Exhibit 150: DIC Corp. - Overview
              • Exhibit 151: DIC Corp. - Business segments
              • Exhibit 152: DIC Corp. - Key news
              • Exhibit 153: DIC Corp. - Key offerings
              • Exhibit 154: DIC Corp. - Segment focus
            • 12.7 Dow Chemical Co.
              • Exhibit 155: Dow Chemical Co. - Overview
              • Exhibit 156: Dow Chemical Co. - Business segments
              • Exhibit 157: Dow Chemical Co. - Key news
              • Exhibit 158: Dow Chemical Co. - Key offerings
              • Exhibit 159: Dow Chemical Co. - Segment focus
            • 12.8 Eastman Chemical Co.
              • Exhibit 160: Eastman Chemical Co. - Overview
              • Exhibit 161: Eastman Chemical Co. - Business segments
              • Exhibit 162: Eastman Chemical Co. - Key offerings
              • Exhibit 163: Eastman Chemical Co. - Segment focus
            • 12.9 Evonik Industries AG
              • Exhibit 164: Evonik Industries AG - Overview
              • Exhibit 165: Evonik Industries AG - Business segments
              • Exhibit 166: Evonik Industries AG - Key news
              • Exhibit 167: Evonik Industries AG - Key offerings
              • Exhibit 168: Evonik Industries AG - Segment focus
            • 12.10 Hexion Inc.
              • Exhibit 169: Hexion Inc. - Overview
              • Exhibit 170: Hexion Inc. - Product / Service
              • Exhibit 171: Hexion Inc. - Key news
              • Exhibit 172: Hexion Inc. - Key offerings
            • 12.11 Mitsubishi Chemical Group Corp.
              • Exhibit 173: Mitsubishi Chemical Group Corp. - Overview
              • Exhibit 174: Mitsubishi Chemical Group Corp. - Business segments
              • Exhibit 175: Mitsubishi Chemical Group Corp. - Key offerings
              • Exhibit 176: Mitsubishi Chemical Group Corp. - Segment focus
            • 12.12 PETRONAS Chemicals Group Berhad
              • Exhibit 177: PETRONAS Chemicals Group Berhad - Overview
              • Exhibit 178: PETRONAS Chemicals Group Berhad - Business segments
              • Exhibit 179: PETRONAS Chemicals Group Berhad - Key news
              • Exhibit 180: PETRONAS Chemicals Group Berhad - Key offerings
              • Exhibit 181: PETRONAS Chemicals Group Berhad - Segment focus
            • 12.13 Polynt Spa
              • Exhibit 182: Polynt Spa - Overview
              • Exhibit 183: Polynt Spa - Product / Service
              • Exhibit 184: Polynt Spa - Key offerings
            • 12.14 PTT Public Co. Ltd.
              • Exhibit 185: PTT Public Co. Ltd. - Overview
              • Exhibit 186: PTT Public Co. Ltd. - Business segments
              • Exhibit 187: PTT Public Co. Ltd. - Key offerings
              • Exhibit 188: PTT Public Co. Ltd. - Segment focus
            • 12.15 Solvay SA
              • Exhibit 189: Solvay SA - Overview
              • Exhibit 190: Solvay SA - Business segments
              • Exhibit 191: Solvay SA - Key news
              • Exhibit 192: Solvay SA - Key offerings
              • Exhibit 193: Solvay SA - Segment focus
            • 12.16 The Sherwin Williams Co.
              • Exhibit 194: The Sherwin Williams Co. - Overview
              • Exhibit 195: The Sherwin Williams Co. - Business segments
              • Exhibit 196: The Sherwin Williams Co. - Key news
              • Exhibit 197: The Sherwin Williams Co. - Key offerings
              • Exhibit 198: The Sherwin Williams Co. - Segment focus
            • 12.17 Toray Industries Inc.
              • Exhibit 199: Toray Industries Inc. - Overview
              • Exhibit 200: Toray Industries Inc. - Business segments
              • Exhibit 201: Toray Industries Inc. - Key offerings
              • Exhibit 202: Toray Industries Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 203: Inclusions checklist
                • Exhibit 204: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 205: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 206: Research methodology
                • Exhibit 207: Validation techniques employed for market sizing
                • Exhibit 208: Information sources
              • 13.5 List of abbreviations
                • Exhibit 209: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              coating resins market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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