Market Overview:
The global synthetic resin coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for synthetic resin coatings from residential, commercial, and industrial applications. In terms of type, the solvent-free type segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to the growing demand for environment-friendly products and rising awareness about health hazards associated with solvents.
Product Definition:
A synthetic resin coating is a type of paint that is used to protect metal surfaces from corrosion. It is made up of a resin and a solvent, and it forms a protective barrier on the surface of the metal. Synthetic resin coatings are important because they protect metal surfaces from corrosion, which can cause damage to the metal over time.
Solvent Type:
Solvent type is a category of chemicals used to make the resins flow. They are also known as diluents or carriers. The most common types of solvents used in synthetic resin coating applications include methyl alcohol, ethyl alcohol, water and glycols (ethylene & propylene).
Methyl alcohol is commonly referred to as MEA or methanol and has been one of the major solvents employed in manufacturing coatings for several years.
Water Type:
Water type is a key parameter to be considered while selecting the synthetic resin coating formulation. The selection of water based resins for coating depends on the nature of substrate, desired finish and performance characteristics. Water based coatings are widely used in wood & furniture, automotive & transportation and general industrial applications owing to their environment friendly nature which reduces VOCs (volatile organic compounds).
Application Insights:
The global market is segmented by application into residential, commercial and industrial. The residential sector accounted for the largest share in 2016 and is expected to witness significant growth over the forecast period. This can be attributed to increasing urbanization along with rising disposable income levels in developing countries such as India, China and Brazil. In addition, growing demand for paints that offer aesthetic appeal coupled with durability on wooden surfaces is expected to propel product demand in this segment over the next eight years.
The commercial sector also accounted for a significant share of overall revenue in 2016 owing to increasing construction activities across developed nations including U.S., Germany, France and U.K.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to rapid industrialization and urbanization, which has led to an increase in construction activities. In addition, rising disposable income levels are anticipated to fuel product demand across residential and commercial applications.
The Asia Pacific market was followed by Europe, which accounted for a share of more than 20% in 2017 owing to growing product adoption across major countries such as Germany, France, Italy, U.K., Spain among others.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing demand for lightweight and corrosion-resistant coatings
- Rising popularity of synthetic resin coatings as a low-cost, high-performance alternative to traditional paints and coatings
- Technological advancements that are making synthetic resin coatings more durable, versatile, and environmentally friendly
- The increasing use of nanotechnology in the development of synthetic resin coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Resin Coating Market Research Report
By Type
Solvent Type, Water Type, Solvent-free Type
By Application
Residential, Commercial, Industrial
By Companies
AkzoNobel, PPG, Valspar, Henkel, Basf, Diamond, Nipponpain, RPM, Axalta, Carlyle, AkzoNobel, DSM, Levi, Chinapaint, SKShu, Carpoly, Maydos, Shicaile, Huawang, Jady, Pretex, Xiangjiang, Austre
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Resin Coating Market Report Segments:
The global Synthetic Resin Coating market is segmented on the basis of:
Types
Solvent Type, Water Type, Solvent-free Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- PPG
- Valspar
- Henkel
- Basf
- Diamond
- Nipponpain
- RPM
- Axalta
- Carlyle
- AkzoNobel
- DSM
- Levi
- Chinapaint
- SKShu
- Carpoly
- Maydos
- Shicaile
- Huawang
- Jady
- Pretex
- Xiangjiang
- Austre
Highlights of The Synthetic Resin Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent Type
- Water Type
- Solvent-free Type
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Resin Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic resin coating is a type of paint that is made up of small, synthetic particles suspended in a liquid or semi-solid medium. The particles are typically smaller than the width of a human hair and are dispersed in the paint so that it can be applied as an even coat to surfaces. This type of coating is often used on wood, metal, plastic and other materials to give them a new look or protection against weathering and other damage.
Some of the key players operating in the synthetic resin coating market are AkzoNobel, PPG, Valspar, Henkel, Basf, Diamond, Nipponpain, RPM, Axalta, Carlyle, AkzoNobel, DSM, Levi, Chinapaint, SKShu, Carpoly, Maydos, Shicaile, Huawang, Jady, Pretex, Xiangjiang, Austre.
The synthetic resin coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Resin Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Resin Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Resin Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Resin Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Resin Coating Market Size & Forecast, 2018-2028
4.5.1 Synthetic Resin Coating Market Size and Y-o-Y Growth
4.5.2 Synthetic Resin Coating Market Absolute $ Opportunity
Chapter 5 Global Synthetic Resin Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Synthetic Resin Coating Market Size Forecast by Type
5.2.1 Solvent Type
5.2.2 Water Type
5.2.3 Solvent-free Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synthetic Resin Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Synthetic Resin Coating Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Resin Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic Resin Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Synthetic Resin Coating Analysis and Forecast
9.1 Introduction
9.2 North America Synthetic Resin Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Synthetic Resin Coating Market Size Forecast by Type
9.6.1 Solvent Type
9.6.2 Water Type
9.6.3 Solvent-free Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Synthetic Resin Coating Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Synthetic Resin Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Synthetic Resin Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Synthetic Resin Coating Market Size Forecast by Type
10.6.1 Solvent Type
10.6.2 Water Type
10.6.3 Solvent-free Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Synthetic Resin Coating Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Synthetic Resin Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synthetic Resin Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Synthetic Resin Coating Market Size Forecast by Type
11.6.1 Solvent Type
11.6.2 Water Type
11.6.3 Solvent-free Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Synthetic Resin Coating Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Synthetic Resin Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Synthetic Resin Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Synthetic Resin Coating Market Size Forecast by Type
12.6.1 Solvent Type
12.6.2 Water Type
12.6.3 Solvent-free Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Synthetic Resin Coating Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Synthetic Resin Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synthetic Resin Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Synthetic Resin Coating Market Size Forecast by Type
13.6.1 Solvent Type
13.6.2 Water Type
13.6.3 Solvent-free Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Synthetic Resin Coating Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic Resin Coating Market: Competitive Dashboard
14.2 Global Synthetic Resin Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 PPG
14.3.3 Valspar
14.3.4 Henkel
14.3.5 Basf
14.3.6 Diamond
14.3.7 Nipponpain
14.3.8 RPM
14.3.9 Axalta
14.3.10 Carlyle
14.3.11 AkzoNobel
14.3.12 DSM
14.3.13 Levi
14.3.14 Chinapaint
14.3.15 SKShu
14.3.16 Carpoly
14.3.17 Maydos
14.3.18 Shicaile
14.3.19 Huawang
14.3.20 Jady
14.3.21 Pretex
14.3.22 Xiangjiang
14.3.23 Austre
