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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
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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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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.
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.
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.
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.
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
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:
Coating Resins Industry News
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:
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Market, By Type
Market, By Technology
Market, By Application
The above information is provided for the following regions and countries: