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Coating Resins are polymer or polymer latex materials that hold a coating formulation and provide adhesion to the substrate on which the coating is applied. It offers quick drying times, glosses retention, and superior weathering to coatings. Coating resins applied on the surface of the object to achieve hardness, corrosion resistance, weather resistance, and stain resistance. A liquid coating formulation consists of several other components such as pigments, additives, and solvents. Powder coating systems have a similar composition, except for the presence of solvents.
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Coating Resins Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2027 The Global Coating Resins Market is projected to reach a value of over USD 52 billion by 2027 at a CAGR of around 4.5%. Coating Resins are polymer or polymer latex materials that hold a coating formulation and provide adhesion to the substrate on which the coating is applied. It offers quick drying times, glosses retention, and superior weathering to coatings. Coating resins applied on the surface of the object to achieve hardness, corrosion resistance, weather resistance, and stain resistance. A liquid coating formulation consists of several other components such as pigments, additives, and solvents. Powder coating systems have a similar composition, except for the presence of solvents. Get Sample Copy of This Report @ https://www.forencisresearch.com/coating-resins- market-sample-pdf/ Coating Resins Market: Drivers & Challenges Market Driver: Increasing Demand from End-Use Industry Coating resins offers various advantages to the coatings such as reduce drying time, gloss retention, corrosion resistance, weather resistance, stain resistance and many other advantages. Due to these advantages, it gets widely used in the number of end-use industry such as in Automotive industry coating resins are used for heavy or light-duty vehicles as well as passenger cars to achieve mechanical strength, adhesion to metals, and heat resistance. Moreover, a growing trend of manufacturing furniture that is appealing and resists humidity and pests. Therefore, the furniture industry is increasingly using coating resins for varnish wooden structure. Thus, the increase in demand for coating resins from the various end-use industries has expected to boost the global coating resin market during the assessment period. Market Restraint:
Fluctuating Cost of the Raw Materials Several materials such as amino, polyester, cellulosic, silicone/polysiloxane, silicate and vinyl, and others can be used for the manufacturing of coating resins. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the assessment period. The price fluctuations are attributed to the mining and extraction of the raw materials, which are dependent on geological and geopolitical factors. These are petroleum-based products, which add up the cost on account of the supply-demand gap of crude oil. Thus, the fluctuating cost of the raw material is expected to hamper the coating resins market. Coating Resins Market: Key Segments Segmentation based on Type: Acrylic, Epoxy, Polyurethane, Alkyd, Vinyl, Unsaturated Polyester Resins, Saturated Polyester Resins, and Others. Segmentation based on technology: Waterborne, High Solid, Powder Coating, and Radiation Cured Segmentation based on application: Architectural, Industrial, Protective & Marine, Automotive, Packaging, and Others Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis. Coating Resins Market: Report Scope The report on the Coating Resins market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered Request Report Methodology On Competition On Global Coating Resins Market Here @ https://www.forencisresearch.com/coating-resins-market-request-methodology/ List of the leading companies operating in the Coating Resins Market include: Arkema SA (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis) BASF SE DSM
Allnex Netherlands B.V. DOW The Sherwin©Williams Company Evonik Industries Ag Polynt-Reichhold Covestro Huntsman International LLC. Mitsubishi Chemical Corporation Toray Industries, Inc. Mitsui Chemicals, inc. SOLVAY EASTMAN Dic Corporation The Lubrizol Corporation Momentive performance materials inc. Celanese Corporation Olin Corporation To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/coating-resins-market-consult-with-an-analyst/ Coating Resins Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research Coating Resins Market, by Type Acrylic Epoxy Polyurethane Alkyd Vinyl Unsaturated polyester resins Saturated polyester resins
Others Coating Resins Market, by Technology Waterborne High Solid Powder Coating Radiation Cured Coating Resins Market, by Application Architectural Industrial Protective & marine Automotive OEM Vehicle furnishes Others Coating Resins Market by Region Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific) North America (US, Canada, Mexico) Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe) Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) South America (Brazil, Argentina, Rest of South America) Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/coating-resins-market-consult-with-an-analyst/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high
growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email:info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com