Coating Resins Market - Forecast(2021 - 2026)
Acrylics, alkyds, amino, epoxies, vinyl, polyurethane, etc. are the different types of polymers that are used for coating applications but the broad categories are thermosets and thermoplastics . Acrylic resins were the largest product segment in the coating resins market in Asia Pacific in 2017. The escalated demands from the end-user segments such as architecture and automotive industry further resulted in the increase of these types of resins. Coating Resins market is dominated by Architectural coatings section of the market currently. In 2017, the market share for architectural coatings was 46% and is projected to grow at a CAGR of 3.8% during the forecast period. The main driving factor for the market is the sudden rise in construction of residential and non-residential buildings. The global market for coating resins was $33.5 billion in 2017 and is projected to grow at CAGR of 4.4% in the period 2018-2023. The market is expected to reach to $ 44.9 billion by the forecast period e...