Coatings Resins Market 2021 Recent Trends, Emerging Trends Expected Growth and its Factors, Industry Size, Business Prospects and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Coatings Resins Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Coatings Resins Market products.

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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

Global Coatings Resins Market was valued at USD 33.38 Billion in the year 2018. Global Coatings Resins Market is further estimated to grow at a CAGR of 4.7% from 2019 to reach USD 47.41 Billion by the year 2025.

Asia Pacific region holds the highest Market share and is considered as the fastest growing Market in the forecasted period. At a country, China, India, and South Korea in Asia-Pacific are projected to grow strongly in the coming years owing to the growth of end infrastructure & electronics Market coupled with population expansion with increasing middle-class disposable income levels.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Based on resin type, the Market is categorized into acrylic, epoxy, polyurethane, alkyd, vinyl, unsaturated polyester resin, saturated polyester resin, and others. Based on technology, the Market is divided into waterborne, conventional solvent-borne, high solids solvent-borne, powder coating, radiation cured, and others of which the radiation-cured coating resins segment holds the highest Market share in 2016. Based on application, the Market is classified into architectural, industrial, protective & marine, automotive OEM, vehicle refinish, and others, of these the architectural segment, is estimated to grow at the highest CAGR during the forecast period.

Major market players in Coatings Resins Market are The Dow Chemical Company, Royal DSM NV, BASF SE, Bayer AG, Royal DSM., Polynt SpA, The Sherwin-Williams Company (The Valspar Corporation), Arkema Group, Allnex group, Hexion Inc., Evonik Industries AG, Arkema S.A. and 6 more companies detailed information is provided in the report.

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SWOT Analysis of Coatings Resins Market
Strength:

Demand for green & Environment-friendly Coating Systems
The rise in the global automotive Market
Weakness:
Changing government regulations and norms.
Opportunities:
Advancement in Coatings Resins Technology
Development of bio-based coatings
Threats:
Fluctuating raw material prices
Stringent Regulatory approval procedures

Coatings Resins Market Segmentation:
Coatings Resins Market Overview, By Type
*Acrylic Coating Resins
*Alkyd Coating Resins
*Vinyl Coating Resins
*Polyurethane Coating Resins
*Epoxy Coating Resins
*Amino Coating Resins
*Unsaturated Polyester Coating Resins
*Saturated Polyester Coating Resins
*Other Coating Resins

Coatings Resins Market Overview, By Technology
*Water-Borne
*Solvent-Borne
*High Solid
*Powder Coating
*Radiation Cured

Coatings Resins Market Overview, By Application
*Architectural
*Industrial
*Protective & marine
*Automotive OEM
*Vehicle furnishes
*Others

Coatings Resins Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10079087

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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