Coating Resins Market Segmentation:
Application Segment Analysis
The architectural segment in the coating resins market is estimated to gain a robust market share of 51% in the coming years owing to the growing urbanization across the globe. The rise of the urban population has led to the growth of sustainable cities communities and architecture. As a result, the demand for coating resins may rise as it is used for several purposes in architecture. Moreover, coating resins can help increase the lifespan of building and construction by improving the durability of structural parts and also provide long-lasting corrosion protection, adhesion, and adaptability to a wide variety of substrates. By 2045, the world's urban population will have increased by more than 5 billion.
Resin Type Segment Analysis
Coating resins market from the acrylic segment is set to garner a notable share shortly. Acrylic resins manufactured from alkyl acrylates and methacrylates as homo- and co-polymers, can be utilized for a variety of applications including paint, printing ink, paper, and others. These coatings have emerged as a viable choice for coating formulators and are among the most widely utilized conformal coatings today.
Technology Segment Analysis
The water-based segment in the coating resins market is set to garner a significant share during the forecast timeframe. Water-based coating is used as a solvent to spread a resin, making these coatings eco-friendly which can be utilized in a variety of applications such as architectural coatings, industrial coatings, and building.
Our in-depth analysis of the global coating resins market includes the following segments:
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