Resins

Resins are solid ingredients which form a matrix for holding pigment element in place. Washability, toughness, adhesion, alcohol soluble, color retention, etc. are the core properties determined by this polymer. In modern coating and paints, there are three important resins namely acrylic polymers, alkyd polymers, and epoxy polymers. These are the synthetic compound that are highly sticky, thick state and hardens with treatment.

It is estimated that globally, this industry will grow at CAGR of 5.5% for the period of 2015-2020. This industry will worth US $176.5 billion in the estimated year 2020. By the end of 2015, the market is expected to reach U.S. $116.6 billion. The saturated market will experience relatively slow growth in industries like appliances, machinery, and OEM. Some major paints and coatings companies of this market are Akzo Nobel N.V., PPG Industries, Sherwin-Williams Company, RPM International, Valspar Corporation, and Kansai Paint Company.

Increasing population, trend of nuclear families, increased consumption of consumer goods and automobiles are the major growth drivers for ever-increasing demand for paints and coatings. This market is classified on the basis of end-use as architectural & decorative, industrial, and marine. This market has major application in industries like automobiles, furniture, etc.

Decision Databases research reports provide analysis of the global resins, paints & coatings market in terms of revenue and output/volume. Market drivers and restraints are thoroughly studied which impact the market. The market is segmented on the basis of the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis.