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Coating Resins Market Size-By Type, Technology, Application Analysis, Share, Growth Forecast, 2025 - 2034

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Coating Resins Market Size

The global coating resins market was valued at USD 59.6 billion in 2024 and is estimated to grow at a CAGR of over 5.8% from 2025 to 2034.
 

Coating Resins Market

The construction industry, including both residential and commercial segments, is a significant driver for the market. As urbanization and infrastructure development continue, the demand for architectural coatings for buildings, bridges, and roads increases.
 

Coating resins are essential in the automotive industry for vehicle coatings. As the global automotive industry expands, especially in emerging markets, the demand for high-quality coatings to protect and enhance the appearance of vehicles grows. Coating resins are used in the protection of industrial equipment and machinery. As manufacturing and industrial activities increase, the demand for coatings to prevent corrosion and wear also rises.
 

Coating Resins Market Trends

The coating resins industry was experiencing a significant shift toward sustainability. There was a growing demand for water-based, solvent-free, and low-VOC (volatile organic compound) resins to reduce the environmental impact of coatings.
 

Industries such as automotive, aerospace, and industrial equipment were increasingly seeking high-performance coatings with improved durability, corrosion resistance, and enhanced functionality. The interest in bio-based coating resins, derived from renewable sources like plant oils and biomass, was increasing. These resins offered a more sustainable alternative to traditional petrochemical-based resins.
 

Coating Resins Market Analysis

Fluctuations in the prices of raw materials, including petrochemicals and solvents, can affect the cost of producing coating resins. Manufacturers must manage these cost fluctuations to maintain profitability. The market is highly competitive, with numerous manufacturers offering a wide range of products. This competition can lead to pricing pressures and the need for constant innovation to differentiate products. The pandemic led to fluctuating demand in various segments of the coating resins market. While some sectors like automotive and aerospace saw a decline in demand due to production slowdowns and reduced consumer spending, other sectors, such as architectural coatings (paints), experienced increased demand as people focused on home improvement projects. Many coating resin manufacturers had to temporarily shut down their facilities or reduce production capacity to comply with social distancing measures and protect employee health.
 

 Coating Resins Market Size, By Type, 2021 - 2034 (USD Billion)

Acrylic resins segment was valued at USD 17.9 billion in 2024, and it is anticipated to expand to 5.8% of CAGR during 2025-2034. Demand for acrylic resins in architectural coatings is driven by the construction industry, including residential and commercial construction. Factors like population growth, urbanization, and home improvement projects influence demand. Acrylic resins are used in industrial coatings for equipment, machinery, and automotive components. The growth in manufacturing and industrial activities impacts demand.
 

Coating Resins Market Revenue Share, By Technology, (2024)

The coating resins market from water-based coatings segment was valued at USD 29.8 billion in 2024 and gained 5.8% CAGR from 2025 to 2034. Waterborne coatings are favored due to their low VOC content, making them compliant with strict environmental regulations. The shift toward environmentally friendly coatings is a significant demand driver, especially in architectural and industrial applications.
 

The architectural coatings segment was valued at USD 28.9 billion in 2024 and gained an 6.5% CAGR from 2025 to 2034. Robust global construction activities and rising infrastructure investments have propelled architectural coatings to dominate the market share. Noteworthy trends in this segment highlight a shift towards eco-friendly, low-VOC (volatile organic compounds) coatings, alongside the emergence of smart coatings boasting self-cleaning and antimicrobial features.
 

U.S. Coating Resins  Market Size, 2021- 2034 (USD Billion)

The U.S. coating resins market was valued at USD 12 billion in 2024 and expected to grow at a 5.8% CAGR. North America experiences continuous demand for architectural coating driven by new construction, residential and commercial building projects, as well as infrastructure development. Population growth, urbanization, and renovation projects contribute to this demand. The North American automotive industry is a significant driver of demand for coating resins, especially for vehicle coatings. Factors such as consumer preferences, automotive production levels, and innovations in coating influence this market segment.
 

Coating Resins Market Share

Coating Resins Market Share Analysis, 2024

BASF and Akzo Nobel are dominant players in the coating Resins industry due to their vast product portfolio. BASF’s ecosystem integration, along with consistent innovation, has attracted millions of customers. Their brand recognition and exclusive content deals solidify their leadership in the highly competitive market.
 

Coating Resins Market Companies

Major players operating in the coating resins industry are:

  • BASF SE
  • Akzo Nobel
  • Arkema Group
  • Axalta Coating Systems
  • PPG Industries
  • RPM International
  • The Sherwin-Williams Company
     

Coating Resins Industry News

  • In May 2022, BASF expanded its Automotive Coatings Application Center at the Coatings Technology Center in Mangalore, India. The facility is meticulously designed to enable customer-oriented R&D activities coupled with accurate simulation of OEM paint shops.
     
  • In November 2021, Covestro AG launched a new Decovery resin for exterior coatings. It is a multi-purpose, bio-based, breathable resin to enable exterior coatings with improved outdoor durability and enhanced bio-based content??.
     

This coating resins market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Tons) from 2021 to 2034, for the following segments:

Market, By Type

  • Acrylic resins
  • Alkyd resins
  • Epoxy resins
  • Polyester resins
  • Polyurethane resins
  • Other

Market, By Technology

  • Water-based coatings
  • Solvent-based coatings
  • UV-cured coatings
  • High solids coatings
  • Powder coatings

Market, By Application

  • Architectural coatings
  • Industrial coatings
  • Automotive coatings
  • Wood coatings
  • Protective coatings
  • Marine coatings
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
Authors: Kiran Pulidindi, Kunal Ahuja
Frequently Asked Question(FAQ) :
Who are the major players in the coating resins industry?
Major players in the market include BASF SE, Akzo Nobel, Arkema Group, Axalta Coating Systems, PPG Industries, RPM International, and The Sherwin-Williams Company.
What is the market share of the water-based coatings segment in the coating resins industry?
How much is the U.S. coating resins market worth?
How big is the global coating resins market?
Coating Resins Market Scope
  • Coating Resins Market Size
  • Coating Resins Market Trends
  • Coating Resins Market Analysis
  • Coating Resins Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 7

    Tables & Figures: 172

    Countries covered: 18

    Pages: 200

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