Anthony Locicero, Associate Editor04.09.18
The coating resins market was valued at $29.03 billion in 2015 and is projected to reach $38.15 billion by 2020 – increasing at a CAGR of 5.61 percent between 2015-2020, according to research by MarketsandMarkets.
MarketsandMarkets sees a rise in the global market “primarily triggered by the economic growth in developing countries, growth in end-use industries, increasing investment in infrastructure, stringent environmental regulations, and increasing purchasing power.”
On the other hand, the automotive industry’s demand for coatings resins is driving the global market, according to Transparency Market Research’s “Coating Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
This all coincides with a projected growth of the paint and coatings market, which MarketsandMarkets expects to jump from $160.54 billion in 2017 to $209.36 billion by 2022 (at a 5.4 percecnt CAGR). Included in those numbers are the resins being produced:
• Polyurethanes; • Acrylics; • Polyesters;
• Epoxy; &
MarketsandMarkets sees a rise in the global market “primarily triggered by the economic growth in developing countries, growth in end-use industries, increasing investment in infrastructure, stringent environmental regulations, and increasing purchasing power.”
On the other hand, the automotive industry’s demand for coatings resins is driving the global market, according to Transparency Market Research’s “Coating Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
This all coincides with a projected growth of the paint and coatings market, which MarketsandMarkets expects to jump from $160.54 billion in 2017 to $209.36 billion by 2022 (at a 5.4 percecnt CAGR). Included in those numbers are the resins being produced:
• Polyurethanes; • Acrylics; • Polyesters;
• Epoxy; &
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