Base Year
Historical Year
Forecast Year
The global coated resins market reached a value of about USD 46.06 billion in 2023. The market is further estimated to grow at a CAGR of 4.3% in the forecast period of 2024-2032 to reach a value of around USD 67.19 billion by 2032.
| Global Coated Resins Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 46.06 |
| Market Size 2032 | USD Billion | 67.19 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.3% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.0% |
| CAGR 2024-2032 - Market by Country | India | 6.6% |
| CAGR 2024-2032 - Market by Country | China | 5.5% |
| CAGR 2024-2032 - Market by Resin Type | Acrylic | 5.8% |
| CAGR 2024-2032 - Market by Application | Architectural Coatings | 4.9% |
| Market Share by Country 2023 | Germany | 4.8% |
Based on resin type, the increasing demand for epoxy resins from various application sectors is driving the growth of the segment. The adaptability of epoxy resins owing to effective corrosion protection is leading to its use in rapidly developing sectors such as chemical, pharmaceutical, energy, pulp industry, desulphurisation plants, and water treatment plants. In addition, epoxy resin possesses strong adhesive properties and is utilised in the expanding construction activities worldwide. Epoxy resins are good insulators, and they offer protection from dust, moisture, and short circuits, thus, resulting in the application of epoxy resins in electronics and electrical systems. Furthermore, the growing environmental consciousness among the population is leading to the development of bio-based epoxy resins using renewable resources, such as vegetable oil, furan, lignin, rosin, vanillin, and itaconic acid, for lower ecotoxicity and carbon footprints. In August 2021, Covestro announced the launch of Paint with Nature, a new plant-powered approach to provide education on bio-based raw materials to increase the acceptance of bio-based solutions in the paints and coatings industries. The use of bio-based epoxy resins for applications across diverse sectors is expected to further invigorate the market growth of coated resins.
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Coated resins are polymer compounds used to manufacture adhesives, coatings, paints, plastics, primers and sealers, floors, and other materials. They are also used as protective layers in various end-uses like architectural surfaces, industries, wood, automotive, and packaging sectors, among others. The industry has witnessed rapid developments in various resin technologies and products to provide optimal solutions for paints and coatings sector.
The market for coated resins, by resin type, is divided into:
Based on formulating technology, the market is segmented into:
On the basis of application, the market is categorised into:
The regional markets for coated resins can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Country |
| India | 6.6% |
| China | 5.5% |
| Canada | 5.2% |
| UK | 4.6% |
| Australia | 3.9% |
| USA | XX% |
| Germany | XX% |
| France | 3.9% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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The rising demand for waterborne coated resins owing to their multiple advantages such as good resistance to heat and abrasion, excellent adhesion, low toxicity due to low VOC levels, reduced air emissions, and cost-effectiveness when compared to solvent-borne coatings is fuelling the market growth. In addition, they enhance worker safety and are used in both traditional and speciality applications. The rising production of automobiles owing to improved living standards is leading to a surge in the use of coated resins as they protect vehicle bodywork from corrosion and other damages, thus, doubling the lifetime of a vehicle. Furthermore, the initiatives taken by the government to accelerate infrastructural projects are resulting in the increased demand for coated resins in the sector. This is because coated resins, such as epoxy, are used for high-performance building applications due to their favourable properties. Additionally, the efforts made by the market players to expand their product portfolio and the advancements in coating technology are expected to augment the market for coated resins over the forecast period.
The report gives a detailed analysis of the following key players in the global coated resins market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
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| Breakup by Formulating Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global coated resins market attained a value of nearly USD 46.06 billion.
The market is assessed to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 67.19 billion by 2032.
The major market drivers include the growing applications of coated resins in various sectors, expanding construction projects, increasing production of automobiles, exceptional characteristics of coated resins, rising eco-consciousness, and development of bio-based coating solutions.
The key trends guiding the growth of the market include the rising demand for waterborne coated resins, advancements in coating technologies, and initiatives taken by market players to expand their product portfolio.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant resin types of coated resins include acrylic, alkyd, polyurethane, epoxy, and polyester, among others.
The major segments, based on formulating technology, include water-based, solvent-based, and powder, among others.
The different applications of coated resins include architectural coatings, general industrial coatings, marine and protective coatings, wood coatings, automotive coatings, coil coatings, and packaging coatings, among others.
The major players in the market are Arkema, Covestro AG, DIC Corporation, Neville Chemical Company, and Allnex GMBH, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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