세계의 코팅 수지 시장 : 예측 - 수지 유형별, 기재 유형별, 유통 채널별, 배합 기술별, 용도별, 최종 사용자별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Coating Resins Market is accounted for $48.35 billion in 2025 and is expected to reach $76.64 billion by 2032 growing at a CAGR of 6.8% during the forecast period. Coating resins are specialized polymeric materials used as the primary film-forming component in paints, varnishes, and protective coatings. They provide adhesion, durability, and chemical resistance to surfaces while determining key properties such as gloss, hardness, flexibility, and weatherability. Coating resins can be natural, synthetic, or modified, and are tailored for specific applications including industrial, automotive, and decorative coatings. By interacting with pigments, solvents, and additives, they form a uniform, protective layer that enhances surface aesthetics and performance. They are essential for long-lasting, high-quality coatings across diverse industries.

Market Dynamics:

Driver:

Urbanization & infrastructure development

Coating resins are being used in architectural finishes, metal structures, bridges, and public utilities to enhance durability and aesthetic appeal. Manufacturers are optimizing formulations for weather resistance, corrosion protection, and surface adhesion. Integration with automated application systems is improving efficiency and reducing labor costs. Government investment in smart cities and transport networks is reinforcing consumption. These dynamics are positioning urbanization and infrastructure development as key drivers of coating resin demand.

Restraint:

Volatility in raw material prices

Global trade disruptions, currency shifts, and supply bottlenecks are introducing procurement uncertainty. Smaller producers face challenges in maintaining inventory stability and pricing competitiveness. Strategic sourcing and long-term contracts are becoming essential to mitigate exposure. Margin pressure is intensifying in price-sensitive segments such as packaging, furniture, and consumer goods. These factors are tempering investment in capacity expansion and product innovation.

Opportunity:

Shift toward sustainability

Producers are investing in green chemistry, lifecycle optimization, and recyclable packaging solutions. Applications in automotive, electronics, and construction are shifting toward eco-friendly alternatives that meet performance and compliance standards. Certification programs and transparency initiatives are reinforcing brand credibility and market differentiation. Innovation in hybrid resins and renewable feedstocks is expanding functional scope. These developments are creating favorable conditions for sustainability-led growth in coating resins.

Threat:

Stringent environmental and regulatory requirements

Regional disparities in standards and certification protocols are complicating product development and market access. Producers must invest in testing, reformulation, and documentation to meet evolving mandates. Smaller firms face challenges in scaling environmentally compliant operations. Delays in regulatory approvals can hinder commercialization timelines. These dynamics are introducing strategic and financial risk into coating resin deployment.

Covid-19 Impact:

The Covid-19 pandemic significantly disrupted the global coating resins market, causing delays in production and supply chain interruptions due to lockdowns and restricted industrial activities. Demand from key end-use industries such as automotive, construction, and industrial coatings slowed considerably, impacting revenue growth. Additionally, fluctuations in raw material availability and logistics challenges further constrained market operations. However, the gradual recovery of manufacturing activities and increasing focus on protective and decorative coatings are aiding the market's steady rebound post-pandemic.

The acrylic segment is expected to be the largest during the forecast period

The acrylic segment is expected to account for the largest market share during the forecast period owing to its versatility, weather resistance, and cost-effectiveness across architectural, automotive, and industrial applications. Acrylic resins offer excellent adhesion, UV stability, and gloss retention, making them suitable for both solvent-based and waterborne systems. Producers are optimizing grades for metal coatings, plastics, and wood finishes. Demand remains strong across construction, packaging, and consumer goods. This segment continues to anchor the global coating resins market.

The automotive & transportation segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the automotive & transportation segment is predicted to witness the highest growth rate driven by demand for lightweight, durable, and environmentally compliant coatings. Applications span exterior finishes, underbody protection, interior trim, and electric vehicle components. Regulatory mandates for low-VOC and high-performance coatings are shaping material innovation. Producers are developing resins with enhanced scratch resistance, thermal stability, and colour retention. Integration with robotic painting and smart manufacturing is accelerating adoption and also market growth.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to its strong manufacturing base, infrastructure investment, and demand across construction, automotive, and electronics sectors. Countries like China, India, Japan, and South Korea are scaling coating resin production for domestic and export markets. Government initiatives in housing, mobility, and industrial modernization are reinforcing consumption. Regional suppliers are expanding capacity and upgrading technology to meet evolving performance standards. Competitive pricing and raw material availability are enhancing market leadership.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by demand for sustainable, high-performance coating resins in automotive, aerospace, and electronics. The U.S. and Canada are investing in advanced materials, clean technologies, and regulatory compliance. Innovation funding and public-private partnerships are accelerating product development and commercialization. Producers are focusing on low-VOC, bio-based, and multifunctional resins for strategic applications. Integration with digital design and smart manufacturing is enhancing competitiveness.

Key players in the market

Some of the key players in Coating Resins Market include BASF SE, Dow Inc., Covestro AG, SABIC, LyondellBasell Industries N.V., ExxonMobil Chemical Company, Teknor Apex Company, Kraton Corporation, Mitsui Chemicals, Inc., LG Chem Ltd., Tosoh Corporation, RTP Company, Lubrizol Corporation, Arkema S.A. and Evonik Industries AG.

Key Developments:

In July 2025, LyondellBasell introduced Styrene +LC-based resins for marine coatings, combining performance with reduced carbon footprint. These resins maintain mechanical integrity while enabling customers to meet evolving regulatory and environmental standards.

In March 2025, Covestro launched an automated laboratory platform for binder and crosslinker formulation, capable of running 24/7 and conducting tens of thousands of tests annually. This facility accelerates coating resin development and sets new benchmarks in precision, speed, and data-driven customization.

Resin Types Covered:

• Acrylic
• Epoxy
• Polyurethane
• Alkyd
• Polyester
• Polypropylene
• Amino
• Vinyl
• Other Resin Types

Substrate Types Covered:

• Metal
• Wood
• Plastic
• Concrete
• Glass

Distribution Channels Covered:

• Direct Sales
• Retail Sales
• Online Sales
• Distributors & Dealers

Formulation Technologies Covered:

• Waterborne Coatings
• Solventborne Coatings
• Powder Coatings
• UV/EB Cured Coatings
• Radiation-Cured Coatings
• High-Solids Coatings

Applications Covered:

• Exterior Coatings
• Interior Coatings
• Protective Coatings
• Functional Coatings
• Decorative Coatings

End Users Covered:

• Packaging
• Wood & Furniture
• Consumer Electronics
• Aerospace & Defense
• Marine
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Coating Resins Market, By Resin Type

• 5.1 Introduction
• 5.2 Acrylic
• 5.3 Epoxy
• 5.4 Polyurethane
• 5.5 Alkyd
• 5.6 Polyester
• 5.7 Polypropylene
• 5.8 Amino
• 5.9 Vinyl
• 5.10 Other Resin Types

6 Global Coating Resins Market, By Substrate Type

• 6.1 Introduction
• 6.2 Metal
• 6.3 Wood
• 6.4 Plastic
• 6.5 Concrete
• 6.6 Glass

7 Global Coating Resins Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Retail Sales
• 7.4 Online Sales
• 7.5 Distributors & Dealers

8 Global Coating Resins Market, By Formulation Technology

• 8.1 Introduction
• 8.2 Waterborne Coatings
• 8.3 Solventborne Coatings
• 8.4 Powder Coatings
• 8.5 UV/EB Cured Coatings
• 8.6 Radiation-Cured Coatings
• 8.7 High-Solids Coatings

9 Global Coating Resins Market, By Application

• 9.1 Introduction
• 9.2 Exterior Coatings
• 9.3 Interior Coatings
• 9.4 Protective Coatings
• 9.5 Functional Coatings
• 9.6 Decorative Coatings

10 Global Coating Resins Market, By End User

• 10.1 Introduction
• 10.2 Packaging
• 10.3 Wood & Furniture
• 10.4 Consumer Electronics
• 10.5 Aerospace & Defense
• 10.6 Marine
• 10.7 Other End Users

11 Global Coating Resins Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 BASF SE
• 13.2 Dow Inc.
• 13.3 Arkema S.A.
• 13.4 Covestro AG
• 13.5 Allnex Group
• 13.6 DSM-Firmenich AG
• 13.7 Evonik Industries AG
• 13.8 Huntsman Corporation
• 13.9 Wacker Chemie AG
• 13.10 Lubrizol Corporation
• 13.11 Mitsui Chemicals, Inc.
• 13.12 DIC Corporation
• 13.13 Synthomer plc
• 13.14 Reichhold LLC
• 13.15 Hexion Inc.