The global Coating Resins Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Resin (Acrylic, Alkyd, Vinyl, Polyurethane, Epoxy, Amino, Unsaturated Polyester, Saturated Polyester, Others), By Technology (Waterborne Coatings, Solventborne Coatings, Powder Coatings), By Application (Architectural Coatings, Marine & Protective Coatings, General Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, Coil Coatings, Others).
In 2024, the coating resins market s to evolve, driven by the increasing demand for high-performance, eco-friendly, and cost-effective resins to meet the diverse needs of coatings and paint formulations across various industries such as construction, automotive, marine, and furniture. Coating resins serve as the primary binders in paint and coating formulations, providing adhesion, durability, weatherability, and aesthetic properties to the finished coatings. The market is witnessing a transition towards sustainable and bio-based resins derived from renewable feedstocks such as soybean oil, linseed oil, and castor oil, driven by environmental regulations and consumer preferences for green products. Further, advancements in resin synthesis, polymerization techniques, and crosslinking technologies are enabling the development of waterborne, solvent-free, and powder coating resins with improved performance and lower environmental impact. Furthermore, collaborations between resin manufacturers, coating formulators, and raw material suppliers are fostering innovation and the development of tailored resin solutions to address emerging trends such as low-VOC emissions, high solids content, and enhanced durability in coatings.
The market report analyses the leading companies in the industry including Allnex, Arkema S.A., BASF SE, Celanese Corp, Covestro AG, Dic Corp, Dow Inc, Eastman Chemical Company, Evonik Industries AG, Helios Resins, Hexion Inc, Huntsman International LLC, Kraton Corp, Kukdo Chemical Co. Ltd, Mitsubishi Chemical Corp, Mitsui Chemicals Inc, Momentive Performance Materials Inc, Nama Chemicals, Olin Corp, Perstorp AB, Polynt-Reichhold, Saudi Industrial Resins Ltd, Solvay S.A., Synthomer Plc, Synthopol, The Lubrizol Corp, The Sherwin-Williams Company, Toray Industries Inc, Wacker Chemie AG, Wanhua Chemical Group Co. Ltd, and others.
A prominent trend in the coating resins market is the shift towards sustainable and bio-based resins, driven by increasing environmental concerns, regulatory requirements, and consumer preferences for eco-friendly products. With growing awareness of the environmental impact of traditional resins derived from fossil fuels, there is a rising demand for renewable, biodegradable, and low VOC (volatile organic compound) alternatives. Manufacturers are investing in research and development to innovate sustainable resins sourced from renewable feedstocks such as plant-based oils, biomass, and recycled materials. This trend is reshaping the coating resins landscape, driving product innovation and market differentiation, and enabling companies to meet sustainability goals while delivering high-performance coatings with reduced environmental footprint.
An essential driver propelling the coating resins market is the growth in construction and infrastructure development projects worldwide, where coatings are essential for protecting surfaces, enhancing aesthetics, and prolonging the lifespan of structures and buildings. With urbanization, population growth, and economic expansion driving demand for residential, commercial, and industrial facilities, there is a continuous need for high-performance coatings that offer durability, weather resistance, and corrosion protection. Coating resins play a crucial role in formulating coatings with desired properties such as adhesion, flexibility, and weatherability, to meet the diverse requirements of construction applications. This driver is reinforced by government investments in infrastructure, urban renewal projects, and green building initiatives aimed at improving the quality, sustainability, and resilience of built environments. As construction activity expands globally, the demand for coating resins is expected to remain strong, supporting market growth and innovation in coating technologies.
A potential opportunity for the coating resins market lies in the development of high-performance specialty resins tailored for specific applications and performance requirements. With advancements in coatings technology and changing market dynamics, there is a growing demand for resins that offer superior properties such as chemical resistance, UV stability, and thermal insulation. Manufacturers can capitalize on this opportunity by investing in research and development to create innovative resins optimized for niche markets such as automotive, aerospace, marine, and electronics. By offering specialized resins that address key performance challenges and deliver unique benefits to end-users, coating resin suppliers can differentiate their products, expand their market presence, and unlock new revenue streams. Additionally, partnerships with coatings manufacturers, collaboration with research institutions, and strategic alliances with industry stakeholders can facilitate the development and commercialization of novel specialty resins, enabling companies to gain a competitive edge and capture opportunities in the evolving coatings industry landscape.
The Acrylic segment is the largest segment in the Coating Resins market. acrylic resins offer a versatile combination of properties, including excellent weather resistance, UV stability, color retention, and durability, making them highly suitable for a wide range of coating applications. Acrylic coatings find extensive usage in architectural paints, automotive coatings, industrial coatings, and wood coatings due to their superior performance and aesthetic appeal. Additionally, acrylic resins provide fast drying times, ease of application, and compatibility with various substrates, further enhancing their versatility and applicability across different end-use sectors. Moreover, advancements in acrylic resin technologies, such as water-borne formulations, low-VOC coatings, and high-solid-content coatings, address growing environmental concerns and regulatory requirements, driving the adoption of acrylic resins in the coatings industry. Furthermore, the increasing demand for acrylic-based coatings in emerging markets, coupled with ongoing research and development efforts to improve acrylic resin performance and sustainability, further solidify the Acrylic segment's position as the largest in the Coating Resins market.
The Waterborne Coatings segment is the fastest-growing segment in the Coating Resins market. This growth is primarily driven by increasing environmental regulations and consumer preferences for eco-friendly products propel the demand for waterborne coatings, which have lower volatile organic compound (VOC) emissions and reduced environmental impact compared to solvent borne coatings. As governments worldwide implement stringent regulations to minimize air pollution and promote sustainable practices, manufacturers are increasingly shifting towards waterborne formulations to comply with regulatory standards and meet consumer expectations for safer and greener coatings. Moreover, advancements in waterborne coating technologies, such as improved film formation, adhesion, and durability, enhance the performance and applicability of waterborne coatings across diverse end-use industries, including architectural, automotive, industrial, and wood coatings. Additionally, the growing emphasis on health and safety in the workplace drives the adoption of waterborne coatings, which offer lower toxicity and reduced health risks for workers compared to solvent borne coatings. Furthermore, the versatility and versatility of waterborne coatings allow their usage in various coating systems, including primers, topcoats, and specialty coatings, catering to a wide range of applications and substrates. Over the forecast period, the Waterborne Coatings segment stands out as the fastest-growing segment, driven by regulatory compliance, sustainability initiatives, and technological advancements in coating formulations.
The Architectural Coatings segment is the largest segment in the Coating Resins market. architectural coatings encompass a wide range of products used in residential, commercial, and institutional buildings, including paints, primers, sealers, and varnishes. With the rapid growth of urbanization and construction activities worldwide, the demand for architectural coatings remains consistently high. Architectural coatings serve multiple purposes, including protection against weathering, UV radiation, moisture, and corrosion, while enhancing the aesthetic appeal and durability of building surfaces. Moreover, the architectural segment benefits from ongoing renovation projects, new construction developments, and maintenance activities, driving sustained demand for coating resins. Additionally, advancements in coating technologies, such as low-VOC formulations, self-cleaning coatings, and heat-reflective coatings, further stimulate the adoption of architectural coatings, meeting the evolving needs of architects, builders, and homeowners for sustainable and high-performance coatings. Furthermore, the architectural segment benefits from the growing trend towards customization and color diversity in architectural designs, driving demand for specialty coatings and coating resins tailored to specific application requirements. Over the forecast period, the Architectural Coatings segment maintains its position as the largest segment in the Coating Resins market, supported by the widespread usage of architectural coatings in the construction industry and continuous innovation in coating formulations to meet evolving architectural trends and regulatory requirements.
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Allnex
Arkema S.A.
BASF SE
Celanese Corp
Covestro AG
Dic Corp
Dow Inc
Eastman Chemical Company
Evonik Industries AG
Helios Resins
Hexion Inc
Huntsman International LLC
Kraton Corp
Kukdo Chemical Co. Ltd
Mitsubishi Chemical Corp
Mitsui Chemicals Inc
Momentive Performance Materials Inc
Nama Chemicals
Olin Corp
Perstorp AB
Polynt-Reichhold
Saudi Industrial Resins Ltd
Solvay S.A.
Synthomer Plc
Synthopol
The Lubrizol Corp
The Sherwin-Williams Company
Toray Industries Inc
Wacker Chemie AG
Wanhua Chemical Group Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Coating Resins Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Coating Resins Market Size Outlook, $ Million, 2021 to 2032
3.2 Coating Resins Market Outlook by Type, $ Million, 2021 to 2032
3.3 Coating Resins Market Outlook by Product, $ Million, 2021 to 2032
3.4 Coating Resins Market Outlook by Application, $ Million, 2021 to 2032
3.5 Coating Resins Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Coating Resins Industry
4.2 Key Market Trends in Coating Resins Industry
4.3 Potential Opportunities in Coating Resins Industry
4.4 Key Challenges in Coating Resins Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Coating Resins Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Coating Resins Market Outlook by Segments
7.1 Coating Resins Market Outlook by Segments, $ Million, 2021- 2032
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
8 North America Coating Resins Market Analysis and Outlook To 2032
8.1 Introduction to North America Coating Resins Markets in 2024
8.2 North America Coating Resins Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
9 Europe Coating Resins Market Analysis and Outlook To 2032
9.1 Introduction to Europe Coating Resins Markets in 2024
9.2 Europe Coating Resins Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Coating Resins Market Size Outlook by Segments, 2021-2032
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
10 Asia Pacific Coating Resins Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Coating Resins Markets in 2024
10.2 Asia Pacific Coating Resins Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
11 South America Coating Resins Market Analysis and Outlook To 2032
11.1 Introduction to South America Coating Resins Markets in 2024
11.2 South America Coating Resins Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
12 Middle East and Africa Coating Resins Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Coating Resins Markets in 2024
12.2 Middle East and Africa Coating Resins Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Allnex
Arkema S.A.
BASF SE
Celanese Corp
Covestro AG
Dic Corp
Dow Inc
Eastman Chemical Company
Evonik Industries AG
Helios Resins
Hexion Inc
Huntsman International LLC
Kraton Corp
Kukdo Chemical Co. Ltd
Mitsubishi Chemical Corp
Mitsui Chemicals Inc
Momentive Performance Materials Inc
Nama Chemicals
Olin Corp
Perstorp AB
Polynt-Reichhold
Saudi Industrial Resins Ltd
Solvay S.A.
Synthomer Plc
Synthopol
The Lubrizol Corp
The Sherwin-Williams Company
Toray Industries Inc
Wacker Chemie AG
Wanhua Chemical Group Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Resin
Acrylic
Alkyd
Vinyl
Polyurethane
Epoxy
Amino
Unsaturated Polyester
Saturated Polyester
Others
By Technology
Waterborne Coatings
Solventborne Coatings
Powder Coatings
By Application
Architectural Coatings
Marine & Protective Coatings
General Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Coil Coatings
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Coating Resins Market Size is valued at $58.5 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.9% to reach $92.5 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Allnex, Arkema S.A., BASF SE, Celanese Corp, Covestro AG, Dic Corp, Dow Inc, Eastman Chemical Company, Evonik Industries AG, Helios Resins, Hexion Inc, Huntsman International LLC, Kraton Corp, Kukdo Chemical Co. Ltd, Mitsubishi Chemical Corp, Mitsui Chemicals Inc, Momentive Performance Materials Inc, Nama Chemicals, Olin Corp, Perstorp AB, Polynt-Reichhold, Saudi Industrial Resins Ltd, Solvay S.A., Synthomer Plc, Synthopol, The Lubrizol Corp, The Sherwin-Williams Company, Toray Industries Inc, Wacker Chemie AG, Wanhua Chemical Group Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume