Global Coating Resins Market 2025-2035
Description
Global Coating Resins Market Size, Share & Trends Analysis by Resin Type (Acrylic, Epoxy, Polyester, Alkyd, Vinyl, Polyurethane, and Others), By Formulating Technology (Water-Borne Coatings, Solvent-Borne Coatings, Powder Coatings, and Others), By End-Use Industry (Building & Construction, Transportation, Packaging, Consumer Goods, and Others) Forecast Period (2025-2035)
Industry Overview
Coating resins market was valued at $46.2 billion in 2024 and is projected to reach $73.5 billion by 2035, growing at a CAGR of 4.4% during the forecast period (2025-2035). The global coating resins market is growing due to high demand from construction, automotive, and infrastructure industries, coupled with increasing consumer demand for high-performance, sustainable coatings. Its key growth factors include economic development in emerging regions, technological advancements in resin formulations, and a shift towards eco-friendly options like water-borne and UV-cured coatings. However, the market is challenged by volatile raw material prices, supply chain disruptions, and stringent environmental regulations that can affect production costs and pricing.
Market Dynamics
Increasing Demand for Sustainable Coatings
The shift towards eco-friendly and sustainable coatings is a significant driver in the global coating resins market. Regulations limiting volatile organic compound (VOC) emissions and growing environmental awareness among consumers are pushing industries to adopt waterborne and low-VOC coatings. This trend is particularly evident in the architectural and automotive sectors, where there is a strong emphasis on reducing environmental impact.
Growth in Construction and Infrastructure Development
Urbanization and industrialization are leading to a surge in construction activities worldwide. The demand for durable and aesthetically appealing coatings in residential, commercial, and industrial buildings is increasing. Coating resins play a crucial role in enhancing the longevity and appearance of structures, driving their demand in the construction industry.
Advancements in Automotive and Industrial Applications
The automotive industry requires high-performance coatings for vehicles to ensure durability, corrosion resistance, and aesthetic appeal. Similarly, industrial applications demand coatings that can withstand harsh environments and provide long-lasting protection. Innovations in coating technologies are enabling the development of resins that meet these stringent requirements, thereby fueling market growth.
Market Segmentation
Among all segments in the global coating resins market, acrylic resins lead with the largest market share. Acrylic resins accounted for about 35% of the global market revenue, making them the dominant resin type in the industry. Their widespread use in architectural coatings, floor finishes, and automotive coatings contributes significantly to this leading position. Acrylic resins are favored for their excellent weather resistance, UV stability, and color retention properties, making them ideal for exterior applications. Additionally, the shift towards eco-friendly coatings has further bolstered the demand for acrylic resins, as they can be formulated to meet low-VOC and waterborne standards. This combination of performance and environmental compliance positions acrylic resins as the cornerstone of the global coating resins market.
Water-Borne Coatings: A Key Segment in Market Growth
Among the various segments in the global coating resins market, waterborne coatings are the fastest-growing segment. This dominance is attributed to their eco-friendly properties, including low volatile organic compound (VOC) emissions, which align with stringent environmental regulations and growing consumer demand for sustainable products. Waterborne resins are extensively used in architectural coatings, industrial applications, and automotive finishes, offering advantages such as faster drying times and enhanced durability. Their versatility and compliance with environmental standards make them the preferred choice across multiple industries.
Regional Outlook
The global coating resins market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Region to Hold a Substantial Growth Rate
In the Asia-Pacific region, China dominates the global coating resins market, holding a major share due to its robust industrial base, rapid urbanization, and expansive infrastructure development. In 2024, China accounted for approximately 33% of the Asia-Pacific’s coating resins consumption, with the region itself representing 44% of the global market. The country’s thriving construction and automotive sectors drive high demand for durable and high-performance coatings, while government support and large-scale infrastructure projects further bolster market growth. Additionally, China’s strong manufacturing capabilities, competitive pricing, and increasing focus on eco-friendly, low-VOC coatings enhance its global leadership position, making it the key contributor to the worldwide coating resins market.
Market Players Outlook
The major companies operating in the global coating resins market include Aerogen, Drive DeVilbiss Healthcare, Koninklijke Philips N.V., OMRON Corp., and PARI GmbH, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Development
Industry Overview
Coating resins market was valued at $46.2 billion in 2024 and is projected to reach $73.5 billion by 2035, growing at a CAGR of 4.4% during the forecast period (2025-2035). The global coating resins market is growing due to high demand from construction, automotive, and infrastructure industries, coupled with increasing consumer demand for high-performance, sustainable coatings. Its key growth factors include economic development in emerging regions, technological advancements in resin formulations, and a shift towards eco-friendly options like water-borne and UV-cured coatings. However, the market is challenged by volatile raw material prices, supply chain disruptions, and stringent environmental regulations that can affect production costs and pricing.
Market Dynamics
Increasing Demand for Sustainable Coatings
The shift towards eco-friendly and sustainable coatings is a significant driver in the global coating resins market. Regulations limiting volatile organic compound (VOC) emissions and growing environmental awareness among consumers are pushing industries to adopt waterborne and low-VOC coatings. This trend is particularly evident in the architectural and automotive sectors, where there is a strong emphasis on reducing environmental impact.
Growth in Construction and Infrastructure Development
Urbanization and industrialization are leading to a surge in construction activities worldwide. The demand for durable and aesthetically appealing coatings in residential, commercial, and industrial buildings is increasing. Coating resins play a crucial role in enhancing the longevity and appearance of structures, driving their demand in the construction industry.
Advancements in Automotive and Industrial Applications
The automotive industry requires high-performance coatings for vehicles to ensure durability, corrosion resistance, and aesthetic appeal. Similarly, industrial applications demand coatings that can withstand harsh environments and provide long-lasting protection. Innovations in coating technologies are enabling the development of resins that meet these stringent requirements, thereby fueling market growth.
Market Segmentation
- Based on the resin type, the market is segmented into acrylic, epoxy, polyester, alkyd, vinyl, polyurethane, and others.
- Based on formulating technology, the market is segmented into water-borne coatings, solvent-borne coatings, powder coatings, and others.
- Based on the end-use industry, the market is segmented into building & construction, transportation, packaging, consumer goods, and others.
Among all segments in the global coating resins market, acrylic resins lead with the largest market share. Acrylic resins accounted for about 35% of the global market revenue, making them the dominant resin type in the industry. Their widespread use in architectural coatings, floor finishes, and automotive coatings contributes significantly to this leading position. Acrylic resins are favored for their excellent weather resistance, UV stability, and color retention properties, making them ideal for exterior applications. Additionally, the shift towards eco-friendly coatings has further bolstered the demand for acrylic resins, as they can be formulated to meet low-VOC and waterborne standards. This combination of performance and environmental compliance positions acrylic resins as the cornerstone of the global coating resins market.
Water-Borne Coatings: A Key Segment in Market Growth
Among the various segments in the global coating resins market, waterborne coatings are the fastest-growing segment. This dominance is attributed to their eco-friendly properties, including low volatile organic compound (VOC) emissions, which align with stringent environmental regulations and growing consumer demand for sustainable products. Waterborne resins are extensively used in architectural coatings, industrial applications, and automotive finishes, offering advantages such as faster drying times and enhanced durability. Their versatility and compliance with environmental standards make them the preferred choice across multiple industries.
Regional Outlook
The global coating resins market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Region to Hold a Substantial Growth Rate
In the Asia-Pacific region, China dominates the global coating resins market, holding a major share due to its robust industrial base, rapid urbanization, and expansive infrastructure development. In 2024, China accounted for approximately 33% of the Asia-Pacific’s coating resins consumption, with the region itself representing 44% of the global market. The country’s thriving construction and automotive sectors drive high demand for durable and high-performance coatings, while government support and large-scale infrastructure projects further bolster market growth. Additionally, China’s strong manufacturing capabilities, competitive pricing, and increasing focus on eco-friendly, low-VOC coatings enhance its global leadership position, making it the key contributor to the worldwide coating resins market.
Market Players Outlook
The major companies operating in the global coating resins market include Aerogen, Drive DeVilbiss Healthcare, Koninklijke Philips N.V., OMRON Corp., and PARI GmbH, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Development
- In March 2025, BASF Coatings increased its production capacity in Caojing, China, to meet growing automotive demand in the Asia Pacific region. The plant, established in 2015, now produces 18,800 metric tons of polyester and polyurethane resin annually. BASF Coatings plans to enhance electrocoat binder production through process optimization.
- Market value data analysis for 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global coating resins market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
167 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Coating Resins Market Sales Analysis - Resin Type | Formulating Technology | End-Use Industry ($ Million)
- Coating Resins Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Coating Resins Market Trends
- 2.2.2. Market Recommendations
- 2.3. Porter's Five Forces Analysis for the Coating Resins Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global Coating Resins Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Coating Resins Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Opportunities For Global Coating Resins Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard - Coating Resins Market Revenue and Share by Manufacturers
- Coating Resins Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Arkema SA
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Allnex
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. BASF SE
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Covestro AG
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Dow
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Coating Resins Market Sales Analysis by Resin Type ($ Million)
- 5.1. Acrylic
- 5.2. Epoxy
- 5.3. Polyester
- 5.4. Alkyd
- 5.5. Vinyl
- 5.6. Polyurethane
- 5.7. Others
- 6. Global Coating Resins Market Sales Analysis by Formulating Technology ($ Million)
- 6.1. Water-Borne Coatings
- 6.2. Solvent-Borne Coatings
- 6.3. Powder Coatings
- 6.4. Others
- 7. Global Coating Resins Market Sales Analysis by End-Use Industry ($ Million)
- 7.1. Building & Construction
- 7.2. Transportation
- 7.3. Packaging
- 7.4. Consumer Goods
- 7.5. Others
- 8. Regional Analysis
- 8.1. North American Coating Resins Market Sales Analysis - Resin Type | Formulating Technology | End-Use Industry ($ Million)
- Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
- 8.2. European Coating Resins Market Sales Analysis - Resin Type | Formulating Technology | End-Use Industry ($ Million)
- Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
- 8.3. Asia-Pacific Coating Resins Market Sales Analysis - Resin Type | Formulating Technology | End-Use Industry ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 8.3.7. Rest of Asia-Pacific
- 8.4. Rest of the World Coating Resins Market Sales Analysis - Resin Type | Formulating Technology | End-Use Industry ($ Million)
- Macroeconomic Factors for the Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa
- 9. Company Profiles
- 9.1. AkzoNobel N.V.
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
- 9.2. Allnex GmbH
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
- 9.3. Arkema S.A.
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
- 9.4. BASF SE
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
- 9.5. Covestro AG
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
- 9.6. DSM Coating Resins
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
- 9.7. Evonik Industries AG
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
- 9.8. Huntsman Corp.
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
- 9.9. Kraton Polymers
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
- 9.10. LG Chem
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
- 9.11. LG Hausys
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
- 9.12. Momentive Specialty Chemicals
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
- 9.13. Nan Ya Plastics Corp.
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
- 9.14. Polynt Group
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
- 9.15. PPG Industries
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
- 9.16. Royal DSM
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
- 9.17. SABIC
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
- 9.18. Sherwin-Williams Co.
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
- 9.19. The Dow Chemical Co.
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
- 9.20. Wanhua Chemical Group
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies
Pricing
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