The market size, in terms of value, of coating resins is estimated to be about USD 29.03 billion in 2015 and is projected to reach USD 38.15 billion by 2020, at a CAGR of 5.61% between 2015 and 2020. The coating resins market, along with its applications, witnessed a moderate-to-high growth in the past few years and is likely to continue so in the coming years. The drivers identified for the coating resins market are development of green, environment-friendly & healthier coating systems; more durable coatings with better performance & better aesthetics; and lower costs and efficiency in use.
Complete report on global Coating Resins Market spread across 202 pages, profiling 10 companies and supported with 99 tables and 67 figures is now available at http://www.rnrmarketresearch.com/coating-resins-market-by-type-acrylic-alkyd-vinyl-pu-epoxy-amino-upr-spr-others-by-technology-waterborne-powder-high-solvents-high-solids-uv-cure-by-application-architectural-auto-market-report.html .
“High growth markets for coating resins”
Acrylic resin is the fastest-growing coating resin as it is used in a wide range of applications because of 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 are also high growth markets.
End-use markets with the best growth prospects
High performance coatings are estimated to have the best growth prospects for coating resins. The end-use for marine coatings are new-building, repair and maintenance of deep sea structures, and coastal and navy vessels. More than 85% of the new-building market is in Asia-Pacific and 50% of ship owners are Europe/Middle East based. There are growth opportunities in deep sea oil-rigs maintenance & repair, sea-stores, and coastal & navy sectors.
The end-use for yacht coatings is super yacht, general professional (OEM and maintenance and repair), and retail/DIY. The super yacht segment has grown rapidly in recent years. The increase of high wealth consumer in emerging markets will define the growth of the yacht coatings market. The aerospace coatings market is strongly driven by commercial sector (airlines), both in new building and maintenance (livery changes).
This is a premium research report priced at US $4650 for a single user PDF, a discount on “Coating Resins Market by Type (Acrylic, Alkyd, Vinyl, PU, Epoxy, Amino, UPR, SPR & Others), by Technology (Waterborne, Powder, High Solvents, High Solids, UV Cure), by Application (Architectural, Automotive, Wood, & Others) - Global Forecast to 2020” can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=218408 .
Reasons to buy the report
- Scenario analysis of three possible price points of crude oil and its resulting impact on the coating resins market
- A comprehensive coverage and analysis of the coating resins market in North America, Western Europe,
- Asia-Pacific, and RoW
- Competitive landscape of the major players and their developments in the coating resins market
- Identify opportunities with high-potential for coating resins
- Identify and target high-growth application segments
On a related note, another research titled Composite Resin Market Global Forecast to 2019, says The global composites resin market is estimated at USD 9317.4 million in 2015 and is projected to reach USD 12,885.5 million by 2020, at a CAGR of 5.6% during the period of study. The key strategies adopted by the leading players include new product developments, mergers & acquisitions, expansions, partnerships, agreements, and collaborations with other players in the textile composite landscape to meet the demand from their end users, research available at http://www.rnrmarketresearch.com/composite-resin-market-by-resin-type-thermoset-and-thermoplastic-by-manufacturing-process-layup-injection-molding-filament-winding-pultrusion-compression-molding-rtm-and-others-by-application-by-region-global-forecasts-to-202-market-report.html .
Explore more reports on Resins market at http://www.rnrmarketresearch.com/reports/materials-chemicals/plastics/resins .
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