Pulished Date July, 2019
ID: 8641
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Protective Coating Resins Market by Type (Epoxy, Alkyd, Acrylic, Polyurethane), Formulation (Solvent-borne, Water-borne, and Powder), End-use industry (Industrial, Oil & Gas, Marine, Automotive, Mining), by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2018–2023)

Pulished: July, 2019
ID: 8641
Pages: 170

Tags: Tag2, Tag_3

Protective Coating Resins Market Value and Growth:

The size of the Global Market was around USD 19.62 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 4.32 % to reach close to USD 24.24 Billion in the forecast, as mentioned earlier period.The Protective Coating Resins Market has a decent growth pace in the global market, which is driven by the demand for epoxy resin in various application and from numerous end-user industries. The Protective Coating Resins Market is expected to reach a total of USD 24.24 Billion with a 4.32 % CAGR.

Recent Development:

Wessex, a major resin & adhesives-based company, has announced to launch their new online store for ordering some unique range of bio-based epoxy, in Europe. This is expected to bring some dynamic shift to the protective coating resins market in this region.

Protective Coating Resins Market Drivers and Restraints:

The global market is mainly driven by the demand for epoxy resin in various application and from numerous end-user industries. Also, the rising demand in the infrastructure & construction industry helps in the growth of the global market.However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific restrains the market expansion into regions like the Middle East and Africa.

Protective Coating Resins Market Segmentation Analysis:

By Type

Based on the type of resin, the global market is segmented into Epoxy, Alkyd, Acrylic, Polyurethane. Among the mentioned types of resins, the epoxy resin is estimated to be the largest segment in the global market and is expected to have the fastest growth rate in the forecast period. The growth is mainly attributed to the demand for the epoxy resin over other kinds of resins from many end-user industries for various applications.

By Formulation

Based on the formulation of the coating resin, the global market is categorized into Solvent-borne, Water-borne, and Powder. Of the mentioned formulations, the solvent-based resin is the largest and is expected to have the fastest growth rate in the proposed forecast period. The growth is mainly attributed to the hydrophobic nature of these kinds of resins, which makes it widely acceptable in numerous applications.

By End-Use Industry

Based on the end-use industries, the market is segmented into Industrial, Oil & Gas, Marine, Automotive, Mining. Of the mentioned industries, infrastructure & construction is the largest consumer of this market and is expected to have the fastest growth rate in the forecast period. The growth is mainly the result of the rising demand for commercial buildings and the need for the protective coatings in them.

Protective Coating Resins Market Geographical Analysis:

By geography, the market is segmented as Europe, Asia Pacific, Latin America, North America, and Middle-East & Africa. The Asia Pacific region holds the largest share of the Global Market in the year of 2018, in terms of value and volume. The regional advantages in this region, like the ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast-emerging industries in this region, hence the region’s position in the global market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.North America is next in the lead of the Global Protective Coating Resins Market by both value and bulk, as of 2018. The situation of most of the key players in the global market in North America is the main reason for its market position. This region has the second-fastest growth rate on a global scale.Europe is next in the lead of the global market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Protective Coating Resins Market in this region. This region is the third fastest-growing region in the global market in the projected forecast period.On the other hand, the Middle East & Africa and Latin America regions, being in the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.

Protective Coating Resins Market Key Market Players:

By the end of 2018 The Dow Chemical Company (US), The Valspar Corporation (US), Royal DSM (Netherlands), Allnex Belgium SA/Nv (Belgium), Bayer AG (Germany), BASF SE (Germany), Evonik Industries AG. (Germany), Arkema S.A. (France), Hexion Inc. (US), and Polynt SpA. (Italy) among others are the leading shareholders of the global market for Protective Coating Resins Market. There is a constant competition between these companies regarding the pricing and quality of the product.

Protective Coating Resins Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. More extensive segmentation to better understand the dynamics of the market at a very small level by dividing the market to smaller segments.
  4. Address the key market challenges, drivers, and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

Protective Coating Resins Market

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type,by formulation,by end user,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Protective Coating Resins Market

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