Lucintel Forecasts the Global Coating Resins Market to Reach $38 Billion by 2030
Lucintel Forecasts the Global Coating Resins Market to Reach $38 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global coating resins market looks promising with opportunities in the automotive, architecture, and wind energy market. The global coating resins market is expected to reach an estimated $38 billion by 2030 from $57 billion in 2023 at a CAGR of 6% from 2023 to 2030. The major drivers for this market are increasing preference for environmentally friendly and sustainable products, rapid industrialization and urbanization, and technological advancements and innovations.
Browse 140 figures/charts and 97 tables in this 205-page report to understand trends, opportunity and forecast in coating resins market to 2030 by application (automotive, architectural, wood, general industrial, and packaging), resin type (epoxy, polyurethane, alkyd, vinyl and acrylic), technology (waterborne and solvent borne) and region (North America, Europe, Asia Pacific and the Rest of the World).
Lucintel forecasts that in this market, automotive will remain the largest application supported by growing automotive production and increasing focus on lightweight materials.
Epoxy based coating resins will remain the largest segment over the forecast period supported by its high performance characteristics and it is also expected to witness the highest growth over the forecast period.
Asia Pacific is expected to remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period because of growing demand from construction and other end uses.
Arkema, BASF, Covestro, ALLNEX, Dow are the major suppliers in the coating resins market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056