Resins Market Projected to Reach $52,901 Million by 2025

摘要

According to Allied Market Research's report,”Coatings Resins Market by Type(Acrylic,Epoxy,Polyurethane,Alkyd,Vinyl,Unsaturated and Saturated Polyesters,and Others)Technology(Water Borne,Solvent-borne,High Solid,Powder Coating,and Radiation Cured)and Application(Architectural,Industrial,Protective & Marine,Automotive OEM,Vehicle Refinishes,and Others)Global Opportunity Analysis and Industry Forecast,2018-2025,”the global coatings resins market was valued at $35,101 million in 2017,and is projected to reach $52,901 million by 2025,growing at a CAGR of 5.3% from 2018 to 2025.Coating resins are applied on the surface of object to achieve hardness,corrosion resistance,weather resistance and stain resistance.Resins offer coatings formulators quick drying times,gloss retention,and superior weathering to coatings.Increase in architectural coatings demand are driving the growth of the market.