Stringent government regulations on emission standards and increasing demand from the electronics market are the factors driving global market growth. On the control of the release of VOCs in the environment, government regulations have become more stringent. Hydrocarbon solvents are contained in traditional adhesives and coatings, which release hydrocarbons into the atmosphere when cured. The current market growth impact of this driver is high and is expected to remain high over the forecast period, as governments in different countries continue to realize the negative impact of traditional VOC emitting systems and look forward to replacing them with more sustainable systems.
Adroit Market Research study on the global market for Resins in Paints & Coatings offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
In all segments of the coatings industry, environmental legislation and social change for sustainable raw materials with less environmental impact are driving rapid change and innovation. This trend is well known in Europe and the United States, but is increasing rapidly in other regions, including China, where new regulations have been developed aimed at improving air quality and reducing VOC emissions. This has required the transition from solvent to waterborne or low-VOC formulations for paint manufacturers. Exciting breakthrough prospects for resin producers have been generated by the ever rising value of waterborne technology.
The key players of global Resins in Paints & Coatings market report include- E.I. du Pont de Nemours and Company, Eastman Chemical, ExxonMobil Chemical, Dow Chemical, Lawter, Mitsui Chemicals America, Inc., Mitsubishi Chemical, Georgia-Pacific Chemicals, Ashland Inc., Yparex B.V. At the beginning of 2020, COVID-19 posed a troublesome situation for resins in the paint and coatings market in the region. The circumstances, however, have now changed, concretizing the possibility of demand recovery over the projected period.
Key Segments of the Global Resins in Paints & Coatings Market
Resin Type Overview, 2018-2028 (USD Million)
- Other Types
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America