Coating Resins Market Worth $48.8 billion by 2025: MarketsandMarkets

摘要

According to the MarketsandMarkets report "Coating Resins Market by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology (Waterborne, Solvent-borne), Application (Architectural, General Industrial, Automotive, Wood, Packaging), and Region-Global Forecast to 2025," the market size for coating resins is projected to grow from $38.7 billion in 2020 to $48.8 billion by 2025, at a CAGR of 4.7%. Coating resins are largely used in the architectural as well as industrial applications. The acrylic resin segment is projected to register the largest share because of its usage in varied applications, such as architectural coatings, floor finishes, and automotive coatings. Polyurethane is the second most demanded resin type.