Major trend being witnessed in the global coating resins market is the shifting preference toward smart coatings. Materials that possess capabilities to change their properties according to external environmental stimuli, such as temperature and electric field are called smart coatings.
Major factor driving the growth of the coating resins market is the growing construction industry in countries such as the U.S., China, India, and the U.K. Owing to the rise in population, these countries are witnessing rapid growth in construction industry resulting in large-scale investment in construction projects such as hotels, apartments, offices, retail centers, and civic infrastructures.
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In terms of application, the coating resins market is categorized into architectural, industrial, marine, automotive, and vehicle refinishes. Of these, architectural category held a significant share in the market during the historical period, which is attributable to the growing demand for residential construction due to the rapidly growing population, globally.
Based on type, the coating resins market is categorized into acrylic, alkyd, vinyl, polyurethane, epoxy, amino, unsaturated polyester resins, and saturated polyester resins. Of these, acrylic category accounted for significant share in the market during the historical period, owing to their high solubility, elasticity, versatility, non-toxicity, and water-resistance properties.
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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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