The global coating resins market size is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins. This information is given by Fortune Business Insights™ in a new study,.”
Segment-
Architectural Coatings Segment to Grow Rapidly Owing to High Demand for Durable Coatings
Based on the end-use industry, the architectural coatings segment is set to earn the largest coating resins market share throughout the forthcoming years. This growth is attributable to the surging demand for durable and high-performance coating resins for developing construction components. Besides, increasing infrastructure spending would aid growth.
- May 2020:DIC Corporation acquired Ideal ChemiPlast Pvt. Ltd., a mid-tier Indian resins manufacturer. This new acquisition would help the company to strengthen its position in the Indian market and develop high-end resins.
- July 2020: Engineered Polymer Solutions (EPS)unveiled the EPS® 2400 series in North America. It contains six waterborne acrylic resins best suited for wood coating formulators. It can be used for developing high-performance solutions for flooring, furniture, cabinetry, and other industrial applications.
A list of the renowned coating resins manufacturers operating in the global market:
- BASF SE (Ludwigshafen, Germany)
- ALLNEX NETHERLANDS B.V. (Bergen Op Zoom, The Netherlands)
- Covestro AG (Leverkusen, Germany)
- Wacker Chemie AG (Munich, Germany)
- Dow (Michigan, U.S.)
- Sherwin-Williams (Ohio, U.S.)
- Evonik (Essen, Germany)
- Mitsubishi Chemical Corporation (Tokyo, Japan)
- TORAY INDUSTRIES, INC. (Tokyo, Japan)
- Solvay (Brussels, Belgium)
- Eastman Chemical Company (Tennessee, U.S.)
- DIC CORPORATION (Tokyo, Japan)
- Hexion (Ohio, U.S.)
- Perstorp (Malmö, Sweden)
- DSM (Heerlen, Netherlands)
- Arkema (Colombes, France)
- Other Key Players
Information Source:
https://www.fortunebusinessinsights.com/coating-resins-market-104535
