Coated Resins Market Report and Forecast 2025-2034

The global coated resins market reached a value of about USD 46.06 Billion in 2024 . The market is further estimated to grow at a CAGR of 4.30% in the forecast period of 2025-2034 to reach a value of around USD 70.17 Billion by 2034 .

Rising Demand for Epoxy Resins to Propel the Market Growth of Coated Resins

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.

Market Segmentation

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

• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others

Based on formulating technology, the market is segmented into

• Water-Based
• Solvent-Based
• Powder
• Others

On the basis of application, the market is categorised into

• Architectural Coatings
• General Industrial Coatings
• Marine and Protective Coatings
• Wood Coatings
• Automotive Coatings
• Coil Coatings
• Packaging Coatings
• Others

The regional markets for coated resins can be divided into

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Growing Demand for Waterborne Coated Resins Driving the Market Growth of Coated Resins

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.

Key Players in the Global Coated Resins Market

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:

• Arkema
• Covestro AG
• DIC Corporation
• Neville Chemical Company
• Allnex GMBH
• Others

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.
Show more