Coating Resins Market : Complete Study of Current Trends in the Market, Industry Growth Drivers
Coating resins are primary polymer compounds used in producing different types of coatings. Coating resins are advanced materials exclusively used in various end-user industries such as building & construction, automotive, marine, electronics, and furniture. Building & construction was the largest end-user segment of the coating resins market in Asia Pacific in 2014. However, marine is likely to be the fastest growing segment of the coating resins market in the region by the end of 2023. Acrylics was the largest product segment in the coating resins market in Asia Pacific in 2014. The threat of substitutes in the technology segment is expected to be high in the coating resins market in Asia Pacific due to increasing use of waterborne and powder technologies over solventborne.
The report estimates and forecasts the coating resins market on regional and country levels. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn).
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The study offers a comprehensive view of the coating resins market by dividing it into product six segments: acrylics, alkyds, epoxies, unsaturated polyesters, urethanes, and others. Furthermore, the coating resins market has been segmented on the basis of technology into solventborne, waterborne, high solids/radiation cured, powder, and others. In terms of end-user, the coating resins market in Asia Pacific has been segmented into building & construction, automotive, marine, electronics, furniture, and others. Technology, product and end-user segments have been analyzed based on historic, present, and future trends. The market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and future demand for coating resins in Asia Pacific. Additionally, the report includes country-level analysis in terms of volume and revenue for the product, technology, and end-user segments. Key countries such as China, India, Indonesia, Malaysia, Singapore, Thailand, Vietnam, and Rest of Asia Pacific are included in the study. Market segmentation includes demand for individual products, technology, and end-users in all the countries in Asia Pacific.
The report comprises a comprehensive value chain analysis, which provides a broad view of the market. It also provides detailed information about value addition at each stage of the value chain. The report covers drivers and restraints of the coating resins market along with their impact on demand during the forecast period. It also includes opportunities in the coating resins market at the regional level.
The report includes Porter’s Five Forces model to gauge the degree of competition in the coating resins market in Asia Pacific. The report encompasses a qualitative write-up on market attractiveness analysis, wherein applications have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated to derive general attractiveness of the market. The report includes price trend analysis of raw materials (maleic anhydride, methyl methacrylate, ethylene glycol, and bisphenol A) and coating resins from 2014 to 2023.
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Secondary research sources that were typically referred to include, but were not limited to, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and reinforcing our secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.