The global Paint and Coating Resins Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Epoxy, Acrylic, Polyurethane, Polyester, Polypropylene, Alkyd, Others), By End-User (Industrial, Architectural, Automotive, Packaging, Others).
Paint and coating resins serve as the backbone of various surface finishing applications, providing adhesion, durability, and aesthetic appeal to coated substrates. These resins encompass a diverse range of chemistries, including acrylics, epoxies, polyurethanes, and alkyds, tailored to meet specific performance and application requirements. The construction, automotive, and furniture industries heavily rely on paint and coating resins for protective and decorative purposes, driving market demand. Furthermore, the growing emphasis on sustainability and regulatory compliance fuels the development of eco-friendly resin formulations derived from renewable sources or featuring low volatile organic compound (VOC) content. Continuous research and development efforts focus on enhancing resin properties, such as scratch resistance, UV stability, and moisture tolerance, to meet evolving industry standards and consumer preferences.
The market report analyses the leading companies in the industry including Allnex GmbH, Arkema S.A., BASF SE, Covestro AG, Dow Inc, Evonik Industries AG, Hexion Inc, Huntsman International LLC, Kangnam Chemical, KANSAI HELIOS, Mitsubishi Shoji Chemical Corp, Mitsui Chemicals Inc, Reichhold LLC, Uniform Synthetics, Vil Resins Pvt Ltd, Wanhua Chemical Group Co., Ltd., and others.
One prominent market trend in the paint and coating resins industry is the shift towards sustainable and eco-friendly resin formulations, driven by increasing environmental regulations, consumer preferences for green products, and corporate sustainability initiatives. Manufacturers are increasingly opting for resins derived from renewable raw materials, bio-based sources, or recycled content to reduce carbon footprint and minimize environmental impact. This trend is further propelled by the growing demand for eco-friendly paints and coatings across various end-use sectors, including construction, automotive, and packaging, as stakeholders prioritize sustainability throughout the product lifecycle.
A key market driver for paint and coating resins is innovation in performance and functionality, which fuels the development of advanced resin formulations tailored to meet evolving industry requirements and application needs. Manufacturers are investing in research and development to enhance resin properties such as durability, adhesion, chemical resistance, and weatherability, enabling coatings to withstand harsh environmental conditions and provide long-lasting protection. Additionally, advancements in resin chemistry, polymerization techniques, and crosslinking technologies drive improvements in coating performance, efficiency, and versatility, driving the adoption of high-performance resins in specialty coatings and value-added applications.
An opportunity for market growth lies in the expansion of paint and coating resins into high-growth end-use markets such as architectural coatings, automotive OEM coatings, and industrial coatings for infrastructure and manufacturing. Companies specializing in resin production can capitalize on this opportunity by developing innovative resin formulations optimized for specific applications, performance requirements, and environmental regulations. Furthermore, strategic partnerships with paint and coating manufacturers, distribution networks, and end-users can facilitate market penetration and enable customization of resin solutions to address unique customer needs, positioning companies for success in lucrative and rapidly expanding market segments.
Within the Paint and Coating Resins Market, the largest segment is Acrylic. Acrylic resins are widely favored in the coatings industry due to their versatility, durability, and excellent weatherability. These resins offer superior adhesion to various substrates, including metals, plastics, and concrete, making them suitable for a wide range of applications in architectural, automotive, industrial, and decorative coatings. Acrylic coatings provide exceptional UV resistance, color retention, and gloss retention properties, making them ideal for exterior applications exposed to harsh environmental conditions. Moreover, acrylic resins offer ease of formulation, low VOC (volatile organic compound) content, and fast drying times, contributing to their widespread adoption by coatings manufacturers seeking environmentally friendly and high-performance solutions. With the growing emphasis on sustainable coatings and the increasing demand for durable and aesthetically appealing finishes, the acrylic segment continues to dominate the Paint and Coating Resins Market.
Within the Paint and Coating Resins Market, the fastest-growing segment is Packaging. The packaging industry has witnessed significant growth in recent years due to the rise in e-commerce, food and beverage consumption, and consumer goods manufacturing. Coatings and resins play a crucial role in the packaging sector, providing protective and decorative finishes to various packaging materials such as plastics, metals, and paperboard. In particular, the demand for high-performance coatings in food packaging applications has surged, driven by the need for barrier properties, enhanced shelf life, and compliance with regulatory standards. Additionally, the shift towards sustainable packaging solutions has led to increased adoption of eco-friendly coatings and resins that offer recyclability and reduced environmental impact. As consumer preferences evolve, and regulations become more stringent, the demand for innovative coatings tailored for packaging applications is expected to continue rising, fuelling the growth of the Packaging segment in the Paint and Coating Resins Market.
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
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 GmbH
Arkema S.A.
BASF SE
Covestro AG
Dow Inc
Evonik Industries AG
Hexion Inc
Huntsman International LLC
Kangnam Chemical
KANSAI HELIOS
Mitsubishi Shoji Chemical Corp
Mitsui Chemicals Inc
Reichhold LLC
Uniform Synthetics
Vil Resins Pvt Ltd
Wanhua Chemical Group Co., Ltd.
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Paint and 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 Paint and Coating Resins Market Size Outlook, $ Million, 2021 to 2032
3.2 Paint and Coating Resins Market Outlook by Type, $ Million, 2021 to 2032
3.3 Paint and Coating Resins Market Outlook by Product, $ Million, 2021 to 2032
3.4 Paint and Coating Resins Market Outlook by Application, $ Million, 2021 to 2032
3.5 Paint and Coating Resins Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Paint and Coating Resins Industry
4.2 Key Market Trends in Paint and Coating Resins Industry
4.3 Potential Opportunities in Paint and Coating Resins Industry
4.4 Key Challenges in Paint and Coating Resins Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Paint and 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 Paint and Coating Resins Market Outlook by Segments
7.1 Paint and Coating Resins Market Outlook by Segments, $ Million, 2021- 2032
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
Others
8 North America Paint and Coating Resins Market Analysis and Outlook To 2032
8.1 Introduction to North America Paint and Coating Resins Markets in 2024
8.2 North America Paint and 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 Paint and Coating Resins Market size Outlook by Segments, 2021-2032
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
Others
9 Europe Paint and Coating Resins Market Analysis and Outlook To 2032
9.1 Introduction to Europe Paint and Coating Resins Markets in 2024
9.2 Europe Paint and 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 Paint and Coating Resins Market Size Outlook by Segments, 2021-2032
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
Others
10 Asia Pacific Paint and Coating Resins Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Paint and Coating Resins Markets in 2024
10.2 Asia Pacific Paint and 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 Paint and Coating Resins Market size Outlook by Segments, 2021-2032
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
Others
11 South America Paint and Coating Resins Market Analysis and Outlook To 2032
11.1 Introduction to South America Paint and Coating Resins Markets in 2024
11.2 South America Paint and 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 Paint and Coating Resins Market size Outlook by Segments, 2021-2032
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
Others
12 Middle East and Africa Paint and Coating Resins Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Paint and Coating Resins Markets in 2024
12.2 Middle East and Africa Paint and 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 Paint and Coating Resins Market size Outlook by Segments, 2021-2032
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
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 GmbH
Arkema S.A.
BASF SE
Covestro AG
Dow Inc
Evonik Industries AG
Hexion Inc
Huntsman International LLC
Kangnam Chemical
KANSAI HELIOS
Mitsubishi Shoji Chemical Corp
Mitsui Chemicals Inc
Reichhold LLC
Uniform Synthetics
Vil Resins Pvt Ltd
Wanhua Chemical Group Co., Ltd.
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Epoxy
Acrylic
Polyurethane
Polyester
Polypropylene
Alkyd
Others
By End-User
Industrial
Architectural
Automotive
Packaging
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 Paint and Coating Resins Market Size is valued at $57.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.8% to reach $89.8 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Allnex GmbH, Arkema S.A., BASF SE, Covestro AG, Dow Inc, Evonik Industries AG, Hexion Inc, Huntsman International LLC, Kangnam Chemical, KANSAI HELIOS, Mitsubishi Shoji Chemical Corp, Mitsui Chemicals Inc, Reichhold LLC, Uniform Synthetics, Vil Resins Pvt Ltd, Wanhua Chemical Group Co., Ltd.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume