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Coatings Resins Market: Hyper Growth Recorded in the Future

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global coatings resins market was valued at $35,101 million in 2017, and is projected to reach $52,901million by 2025, growing at a CAGR of 5.3% from 2018 to 2025.
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  Coatings Resins Market  According to a new report published by Allied Market Research, titled, Coating Resins Market by Type, Technology and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global coating resins market was valued at $35,101 million in 2017, and is projected to reach $52,901million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The acrylic segment accounted for more than 22% share of the global coating resins market in 2017. Get Sample Report  Coating    resins    are    organic    compounds    used    for    decorative    and    industrial    coating    toprotect    surface    from    extreme    environmental    conditions    coupled    with    properties    suchas    high    durability,    adhesion,    corrosion    resistance,    and    wear    resistance   .These    coatings    are    extensively    used    in    furniture,    automotive,    marine,    and    protectiveapplications   .    In    recent    years,    the    market    has    seen    the    development    of     novel    industrialbio   -   based    coatings    in    standalone    facilities   .    With    this    trend,    the    global    coating    resinmarket    is    expected    to    grow    with    a    notable    CAGR    during    the    forecast    period   .  Based on resin type, the market is segmented into acrylic, epoxy, polyurethane, alkyd,vinyl, unsaturated polyester resin, saturated polyester resin, and others.The saturated polyester resins segment is projected to be the most lucrative segmentduring the forecast owing to its balance properties which include mechanical andchemical. Furthermore, it has better dimensional stability and ease of handling orprocessing.  Key Findings of the Coating Resins Market: • The radiation cured coating resins segment is expected to grow at a significant CAGR of 6.30%, in terms of value, from 2018 to 2025. • The alkyd segment is projected to grow at a CAGR of 5.50%, in terms of value. • The coating resins market in Asia-Pacific is expected to grow at the highest CAGR of 5.80%, in terms of value. • The Europe coating resins market accounted for more than 43% share in 2017. • U.S. accounted for more than 57% of the North America market in 2017.
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