I principali motori dell'espansione del mercato sono la domanda crescente da parte dei settori edile e automobilistico e la necessità di sistemi di rivestimento ecocompatibili. Altri motivi significativi sono l'espansione del potere d'acquisto dei consumatori, l'uso esteso di resina epossidica liquida e di origine biologica , l'aumento della spesa per le infrastrutture e un uso più elevato di resina epossidica liquida e di origine biologica .
Le resine di rivestimento sono composti polimerici che sono essenziali nella produzione di rivestimenti e vernici. Questi materiali rivoluzionari forniscono solo resistenza alla corrosione, durezza, alle intemperie e alle macchie, che servono anche come rivestimenti protettivi per diversi oggetti. Le resine di rivestimento vengono applicate alla superficie di un oggetto per fornire durezza, resistenza alla corrosione, resistenza alle intemperie e resistenza alle macchie. Le resine forniscono tempi di asciugatura più rapidi, mantenimento della lucentezza e migliore resistenza alle intemperie per i rivestimenti.
I componenti si reticolano quando la miscela si asciuga, come risultato della reazione chimica che si verifica quando la resina e l'indurente vengono miscelati. Le resine di rivestimento vengono create utilizzando una varietà di procedure. Nella formulazione possono essere utilizzati acqua o solventi. Il metodo utilizzato per sintetizzare la resina di rivestimento è controllato da requisiti come posizione, materiale di base, scopo del rivestimento e così via per regolare qualità come viscosità della resina, colore, aderenza e coesione per un'applicazione efficace.
I rivestimenti in resina sono il metodo più diffuso per applicare strati di rivestimento protettivo in diverse applicazioni, tra cui rivestimenti architettonici, automobilistici, edili, meccanici, marini, per legno, carta e cellulosa, legno e altri usi industriali. Il poliuretano a base d'acqua, l'alchidico a base d'acqua, l'epossidico a base d'acqua e la resina acrilica a base d'acqua sono le forme più diffuse di rivestimenti a base d'acqua utilizzati su veicoli, contenitori e altri rivestimenti industriali e anticorrosione.
In the paint industry, coating resins are usually referred to as resin binders. Synthetic resins are used to coat metal surfaces, wooden flooring, concrete porches, porches made of other materials, garages, and decks to produce long-lasting, polished, strong, and aesthetically pleasing surfaces. Coating resins are also used in fabrics, traffic paints, and food packaging to create long-lasting, high-quality goods. Coating resins are used in consumer electronics, industrial plastics, packaging coatings, and inks.
The use of liquid and bio-based epoxy resin is growing, which is one of the main factors driving the market growth. A variety of epoxy resins are frequently used in electrodeposition (ED) coatings and industrial coatings, particularly in transportation, industrial maintenance, and maritime industries. Epoxy resins are frequently used in powder coatings as well. A growing number of formulations with high and ultra-high solid contents are being made using liquid epoxy resin. Liquid epoxy resin is utilized to produce 100% solid epoxy compositions for use as concrete surfaces, tank linings, and other related applications. The regular usage of phenoxy and novolac resins enhances characteristics and functionality.
Waterborne epoxy resin technology's performance has improved, allowing for greater application. The widespread use of metal coatings constrained the amount of technology that could be created. Due to growing economic and environmental concerns, the unpredictable nature of petrochemical supplies, and greater interest in bio-based polymers, research, and development efforts have greatly grown recently. Manufacturers are attempting to substitute polymers generated from naturally occurring biofuels with petroleum-based products to meet the industrial demand for environmental protection.
Developing safer ways to make polymers, such as by employing safer additives and building blocks, is also essential. DGEBA, cycloaliphatic epoxies, and glycidyl ethers of Novolac resins are frequently used to make commercial epoxy resins. Renewable natural resources have made it possible to act as the building blocks for polymers due to their accessibility, environmental friendliness, and ease of epoxidation. The development of thin-film powders (one millimeter or thinner), UV-cured powders, lower-temperature cured powders, and powders resistant to high-heat clear coatings are other breakthroughs in powder coating technology that are fueling the industry.
One of the most significant advancements in powder coatings is medium-density fiberboard (MDF), a composite panel that combines synthetic resin with wood particles. Among these products are doors, bathroom and kitchen cabinets, workplace furniture, retail fixtures and displays, and ready-to-assemble furniture for homes and offices. Variable raw material costs and diminishing petrochemical reserves are just two factors limiting the usage of coating resins. These factors restrict the market growth. The worldwide coating resins market still hasn't reached its full potential.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion, Kilotons) |
| Segmentation | By Resin Type, By Technology, By Application |
| By Resin Type |
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| By Technology |
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| By Application |
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| By Region |
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The coating resins market is expected to grow at 5.4% CAGR from 2022 to 2029. it is expected to reach above USD 28.63 billion by 2029
Asia Pacific held more than 43% of the coating resins market revenue share in 2021 and will witness expansion in the forecast period.
The primary drivers of the market's expansion are the increased demand from the construction and automotive industries and the requirement for environmentally friendly coating systems. Other significant reasons are expanding consumer buying power, expanded use of liquid and bio-based epoxy resin, increased infrastructure spending, and higher use of liquid and bio-based epoxy resin.
BASF SE, LANXESS, Allnex Holdings S.à r.l., DIC Corporation, Bayer AG, Celanese Corporation, Arkema S.A., Royal DSM N.V., DowDuPont Inc., Huntsman International LLC., INEOS Group Holdings S.A.
The market sector with the largest share is architectural coatings. The demand for high-performance, long-lasting coating materials for construction components and rising infrastructure spending are anticipated to be the main market drivers. These coatings prevent rust and corrosion on the metallic components of tanks, radiators, fences, and metal furniture.
By resin type, the market is segmented into acrylic, vinyl, epoxy, amino, and others. In the market for coating resins, acrylic resin dominates. Acrylic is the most widely used type of resin due to its use in architectural coatings, floor finishes, and automotive coatings. Among resin types, polyurethane is the second most popular. The major end-user of powdered polyurethane, which is used in freezers, dryer drums, and range cabinets, is the appliance industry. Polyurethane's high cost is offset by its excellent performance characteristics, capacity to cure at lower baking temperatures and low volatile organic compound (VOC) content.
By technology, the market is segmented into waterborne coatings, solvent-borne coatings, powder coatings, and others. Powder coatings are predicted to grow at the fastest rate in the coating resins market. Thermoplastic or thermoset films are applied to substrates using powder coating technology using dry resin powders. Using powder coating processes, thermoplastic or thermoset coatings are applied to surfaces. The coating is created by heating a layer of powder that has been sprayed onto the substrate using a fluidized bed tank or powder spray cannon. In building and construction, automotive, appliance finishing, outdoor furniture manufacture, and other industries, powder coatings are frequently used. The emergence of stronger environmental rules mandating zero- or non-VOC coatings is a significant factor driving the expansion of the powder coatings technology sector.
By application, the market is segmented into architectural coatings, marine & protective coatings, packaging coatings, coil coatings, and others. The market sector with the largest share is architectural coatings. The demand for high-performance, long-lasting coating materials for construction components and rising infrastructure spending are anticipated to be the main market drivers. These coatings prevent rust and corrosion on the metallic components of tanks, radiators, fences, and metal furniture.
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Recent years have seen significant growth in the Asia Pacific coating resins market, and this trend is anticipated to remain for the foreseeable future. The need for coating resins across numerous end-use industries, including the automotive, construction, packaging, and furniture industries, has been spurred by the region's fast industrialization, urbanization, and expanding infrastructural development. The market expansion has been further fueled by the expanding middle class, rising disposable incomes, and shifting consumer tastes. The need for coating resins in the region has also increased as a result of government measures supporting infrastructure development and welcoming policies for foreign investors. Additionally, there has been a rise in the use of water-based, high-performance resins as a result of the trend toward environmentally friendly and sustainable coatings.
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