Summary

The coating resins market is projected to grow from USD 45.28 billion in 2024 to USD 57.34 billion by 2029, at a CAGR of 4.8% between 2024 and 2029. The emergence of end-use industries, increasing investment in infrastructure, stringent environmental regulations, and the increasing purchasing power of consumers in the emerging economies are the major market drivers.
Coatings resins find application in diverse fields, such as corrosion of metal structures, modification of vehicle surfaces, construction, and interior design. These coatings, which are used on substrates such as metal, wood, plastic, concrete, and other surfaces, protect against corrosion, wear & tear, UV rays, and other climates.

“Architectural coatings application is projected to be the largest application of the coating resins market.”

The architectural segment accounts for the largest share of the overall coating resins market in terms of value and volume. Architectural coatings incorporate exterior and interior house paints, sealers, primers, stains, and varnishes. Consumers and contractors purchase them through retail and wholesale outlets; large commercial organizations acquire directly from the manufacturers. The growth of the architectural coatings industry is mainly due to the performance of the construction industry. The construction industry is expected to reach USD 8.9 trillion in emerging markets by 2030. The architectural coatings market segment is a major factor in residential construction.

“Polyurethane coating resin is the fastest-growing resin type of the North American coating resins market.”

Polyurethane is a versatile material that can be tailored based on hardness, cure speeds, viscosities, mechanical, and thermal properties for many applications. Radiation-cured polyurethanes are often used on plastic substrates that require only low or moderate curing temperatures, such as clear overprint lacquers on vinyl decals, electronic circuit boards, “no-wax” vinyl floorings, and tiles.
The polyurethane coating resins market in North America highly depends on the growth of the floors, boats, and metal objects markets. It is the fastest-growing segment in North America in terms of value of coating resins. Due to the regulations for reducing VOC emissions, the share of coating resin technologies has drastically declined. The share of environment-friendly technologies, such as waterborne, powder, and radiation-curable coatings, is rising. Solventborne technology has lost its dominant position over waterborne coating resins.

“Europe is the second largest coating resins market.”

Europe was the second-largest market for coating resins, in terms of volume, in 2023. With the recovery of the global economy and reviving demand for coating resins, the European market is expected to grow in the next few years. The European market is regulated by Registration, Evaluation, Authorisation and Restriction of Chemical Substances (REACH), which monitors and issues guidelines for preventing health hazards caused by chemicals. The stringent regulatory framework adopted by REACH has resulted in a steady decline in the use of high-VOC-emitting resins used in coatings in the region. The European coating resins market faces stringent regulations, which create growth constraints for formulators and raw material suppliers.


Interviews:
• By Company Type: Tier 1 – 42%, Tier 2 – 40%, and Tier 3 – 18%
• By Designation: C Level – 27%, D Level – 25%, and Others – 48%
• By Region: Asia Pacific – 25%, North America – 30%, Europe – 31%, South America- 9%, and the Middle East & Africa – 5%

The key companies profiled in this report are Dow Inc. (US), Allnex GmbH (Germany), Covestro AG (Germany), Arkema SA (France), BASF SE (Germany), Huntsman International (US), Synthomer plc (UK), Nan Ya Plastic Corporation (Taiwan), Kukdo Chemical Co., Ltd. (South Korea), DIC Corporation (Japan).

Research Coverage:
The coating resins market has been segmented based on resin type (acrylic, alkyd, epoxy, polyurethane, vinyl), technology (waterborne, solventborne, powder), and application (architectural, general industrial, protective, automotive, wood, packaging), and region (Asia Pacific, Europe, North America, Middle East & Africa, and South America). The resin type segments are further analyzed for each country in the respective regions.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the market numbers closest to the overall coating resins market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan appropriate go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

This report provides insights on the following pointers:
• Analysis of key drivers (growing trend toward sustainable and eco-friendly coating systems, growing consumer preference for sustainable coating and recycled products), restraints (reduced export demand from European economies, stringent environmental regulations impacting market growth), opportunities (bio-based resins are fast gaining importance in the coatings industry, growth potential in less regulated regions), and challenges (technological shifts demand constant growth and innovation, stringent regulatory policies) influencing the growth of the coating resins market.
• Product Development/Innovation: Detailed insight into upcoming new technologies, research & development activities, and new product launches in the coating resins market.
• Market Development: Comprehensive information about markets – the report analyses the coating resins market across varied regions.
• Market Diversification: Exclusive information about the new products & services untapped geographies, recent developments, and investments in the coating resins market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Dow Inc. (US), Allnex GmbH (Germany) (PTT Global Chemical), Covestro AG (Germany), Arkema SA (France), BASF SE (Germany), Huntsman International (US), Synthomer plc (UK), Nan Ya Plastic Corporation (Taiwan), Kukdo Chemical Co., Ltd. (South Korea), DIC Corporation (Japan), Jiangsu Sanmu Group (China), Chang Chun Petrochemical (Taiwan), among other in the coating resins market.

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Table of Contents

1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.3 STUDY SCOPE 37
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 37
1.3.2 INCLUSIONS & EXCLUSIONS 38
1.3.3 DEFINITION AND INCLUSIONS, BY TECHNOLOGY 38
1.3.4 DEFINITION AND INCLUSIONS, BY APPLICATION 39
1.3.5 DEFINITION AND INCLUSIONS, BY RESIN TYPE 39
1.3.6 YEARS CONSIDERED 40
1.4 CURRENCY CONSIDERED 41
1.5 UNITS CONSIDERED 41
1.6 STAKEHOLDERS 41
1.7 SUMMARY OF CHANGES 41
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
2.1.1 SECONDARY DATA 44
2.1.1.1 Key data from secondary sources 44
2.1.2 PRIMARY DATA 44
2.1.2.1 Key primary participants—demand and supply sides 45
2.1.2.2 Key data from primary sources 45
2.1.2.3 Key industry insights 46
2.1.2.4 Breakdown of primary interviews 46
2.2 MARKET SIZE ESTIMATION 47
2.2.1 BOTTOM-UP APPROACH 47
2.2.2 TOP-DOWN APPROACH 48
2.3 GROWTH FORECAST 49
2.3.1 SUPPLY-SIDE FORECAST 50
2.4 FACTOR ANALYSIS 51
2.5 DATA TRIANGULATION 52
2.6 RESEARCH ASSUMPTIONS 53
2.7 RESEARCH LIMITATIONS 53
2.8 RISK ASSESSMENT 54
3 EXECUTIVE SUMMARY 55
 
4 PREMIUM INSIGHTS 60
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COATING RESINS MARKET 60
4.2 COATING RESINS MARKET, BY RESIN TYPE 61
4.3 COATING RESINS MARKET, BY APPLICATION 61
4.4 ASIA PACIFIC COATING RESINS MARKET, BY APPLICATION AND COUNTRY 62
4.5 COATING RESINS MARKET, BY KEY COUNTRY 62
4.6 COATING RESINS MARKET, DEVELOPED VS. EMERGING COUNTRIES 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 MARKET DYNAMICS 65
5.2.1 DRIVERS 65
5.2.1.1 Increasing demand from construction and automotive industries 65
5.2.1.2 Growing trend toward sustainable and eco-friendly coating systems 66
5.2.1.3 Availability of durable coatings with better performance
and esthetics 66
5.2.1.4 Growing consumer preference for sustainable coatings
and recycled products 67
5.2.2 RESTRAINTS 67
5.2.2.1 Raw material volatility and geopolitical influences 67
5.2.2.2 Fluctuations in crude oil and energy prices 67
5.2.2.3 Stringent environmental regulations impacting market growth 68
5.2.3 OPPORTUNITIES 68
5.2.3.1 Increasing significance of bio-based resins in coatings industry 68
5.2.3.2 Growth potential in less regulated regions 68
5.2.3.3 Attractive prospects in shipbuilding and pipeline industries 69
5.2.4 CHALLENGES 69
5.2.4.1 Technological shifts demand constant growth and innovation 69
5.2.4.2 Recycling and waste disposal challenges 69
5.2.4.3 Reduced exports from European economies 69
5.3 PORTER’S FIVE FORCES ANALYSIS 70
5.3.1 THREAT OF NEW ENTRANTS 71
5.3.2 THREAT OF SUBSTITUTES 71
5.3.3 BARGAINING POWER OF SUPPLIERS 71
5.3.4 BARGAINING POWER OF BUYERS 71
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 72
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 72
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 72
5.4.2 BUYING CRITERIA 73
5.5 MACROECONOMIC OUTLOOK 74
5.5.1 INTRODUCTION 74
5.5.2 GDP TRENDS AND FORECAST 74
5.5.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY 76
5.5.3.1 Upcoming Mega Projects 76
5.5.4 TRENDS IN AUTOMOTIVE INDUSTRY 77
5.5.4.1 Innovations in Automotive Industry 79
5.5.5 OIL & GAS INDUSTRY TRENDS 79
5.5.6 TRENDS IN PACKAGING INDUSTRY 80
5.6 GLOBAL SCENARIO IMPACTING MARKET 81
5.6.1 RUSSIA–UKRAINE WAR 81
5.6.2 EUROPEAN SCENARIO 81
5.6.2.1 Political and economic instability in Germany 81
5.6.2.2 Energy crisis in Europe 82
5.6.3 CHINESE SCENARIO 82
5.6.3.1 Decreasing investments lower growth trajectory 82
5.6.3.2 Environmental commitments 83
6 INDUSTRY TRENDS 84
6.1 SUPPLY CHAIN ANALYSIS 84
6.1.1 VALUE CHAIN ANALYSIS (COATING RESINS): COST POINTS
IN DIFFERENT SEGMENTS 85
6.2 PRICING ANALYSIS 85
6.2.1 AVERAGE SELLING PRICE TREND, BY REGION 86
6.2.2 AVERAGE SELLING PRICE TREND, BY TECHNOLOGY 87
6.2.3 AVERAGE SELLING PRICE TREND, BY RESIN TYPE 88
6.2.4 AVERAGE SELLING PRICE TREND, BY APPLICATION 89
6.2.5 INDICATIVE AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS,
BY APPLICATION 90
6.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 91
6.4 ECOSYSTEM ANALYSIS 91
6.5 CASE STUDY ANALYSIS 93
6.5.1 SUBSTITUTION OF AUXILIARY AGENTS IN SOLVENTBORNE PAINT FORMULATIONS 93
6.5.2 GREENER COALESCENT SOLVENT SUBSTITUTED UNDESIRED COMMERCIAL COALESCENT IN WATERBORNE SYSTEMS AND DISPLAYED EQUIVALENT PERFORMANCE 93
6.5.3 REINSTATEMENT AND PROTECTION OF CONCRETE CLARIFIERS
FROM WASTEWATER 94
6.6 TECHNOLOGY ANALYSIS 94
6.6.1 KEY TECHNOLOGIES 94
6.6.1.1 Bio-based resins 94
6.6.1.2 UV-curable resins 95
6.6.2 COMPLEMENTARY TECHNOLOGIES 95
6.6.2.1 Hybrid resin systems 95
6.6.2.2 Polyaspartic ester resins 96
6.6.3 ADJACENT TECHNOLOGIES 96
6.6.3.1 Vapor permeation of injection-cured coatings 96
6.7 TRADE ANALYSIS 96
6.7.1 EXPORT SCENARIO 96
6.7.1.1 Export Scenario of Acrylic Resins (HS Code 390690) 97
6.7.1.2 Export Scenario of Epoxy Resins (HS Code 390730) 98
6.7.1.3 Export Scenario of Alkyd Resins (HS Code 390750) 99
6.7.1.4 Export Scenario of Polyurethane Resins (HS Code 390950) 100
6.7.2 IMPORT SCENARIO 101
6.7.2.1 Import Scenario of Acrylic Resins (HS Code 390690) 101
6.7.2.2 Import Scenario of Epoxy Resins (HS Code 390730) 102
6.7.2.3 Import Scenario of Alkyd Resins (HS Code 390750) 103
6.7.2.4 Import Scenario of Polyurethane Resins (HS Code 390950) 104
6.8 REGULATORY LANDSCAPE 105
6.8.1 REGULATIONS 105
6.8.1.1 Epoxy resin systems in liquid condition: final mix (A+B components) 105
6.8.1.2 Epoxy system in cured, solid, and non-reinforced conditions 105
6.8.1.3 Flexible Vinyl and Urethane Coating and Printing: New Source Performance Standards (NSPS) 106
6.8.2 KEY REGULATIONS ON PFAS 106
6.8.2.1 Regional regulations on PFAS 107
6.8.2.1.1 PFAS regulations in Europe 107
6.8.2.1.2 PFAS regulations in North America 107
6.8.2.1.3 PFAS regulations in Latin America and Asia 108
6.8.2.2 PFAS impact on the market 108
6.8.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS 109
6.9 KEY CONFERENCES AND EVENTS, 2024–2025 111
6.10 INVESTMENT AND FUNDING SCENARIO 112
6.11 PATENT ANALYSIS 113
6.11.1 APPROACH 113
6.11.2 DOCUMENT TYPES 113
6.11.3 TOP APPLICANTS 115
6.11.4 JURISDICTION ANALYSIS 117
6.12 IMPACT OF AI/GEN AI ON COATING RESINS 118
6.12.1 OVERVIEW 118
6.12.2 KEY PRODUCTS OR EQUIPMENT UTILIZING AI AS A SERVICE 118
6.12.2.1 Precision in coating resin manufacturing 118
6.12.2.2 Accelerating innovation in R&D facilities 118
6.12.3 KEY APPLICATIONS OF AI IN COATING RESINS 118
6.12.3.1 Research & development 119
6.12.3.2 Production 119
6.12.3.3 Supply chain management 119
6.12.3.4 Strategy management 119
7 COATING RESINS MARKET, BY TECHNOLOGY 120
7.1 INTRODUCTION 121
7.2 WATERBORNE COATINGS 123
7.2.1 GROWTH IN CONSTRUCTION INDUSTRY TO DRIVE MARKET 123
7.2.2 TYPES 123
7.2.3 RESIN TYPES USED IN FORMULATION OF WATERBORNE COATINGS 124
7.2.4 APPLICATIONS OF WATERBORNE COATING SYSTEMS 124
7.2.5 ADVANTAGES AND DISADVANTAGES 125
7.3 SOLVENTBORNE COATINGS 127
7.3.1 HIGH PREFERENCE IN MOIST ENVIRONMENTS TO DRIVE MARKET 127
7.3.2 ADVANTAGES AND DISADVANTAGES 127
7.4 POWDER COATINGS 129
7.4.1 STRINGENT ENVIRONMENTAL REGULATIONS TO BOOST DEMAND
FOR ECO-FRIENDLY COATINGS 129
7.4.2 TYPES 130
7.5 OTHER TECHNOLOGIES 132
7.5.1 HIGH-SOLIDS SYSTEMS 132
7.5.1.1 Types 132
7.5.1.2 Application 132
7.5.1.2.1 Product finishing 132
7.5.1.2.2 Automotive applications 132
7.5.1.3 Advantages and disadvantages 133
7.5.2 RADIATION-CURABLE COATINGS 134
7.5.2.1 Types 134
7.5.2.2 Resin systems 134
7.5.2.3 Applications 134
7.5.2.4 Advantages 135
7.5.2.5 Disadvantages 135
8 COATING RESINS MARKET, BY RESIN TYPE 139
8.1 INTRODUCTION 140
8.1.1 THERMOPLASTIC COATINGS 140
8.1.2 THERMOSET COATINGS 140
8.2 ACRYLIC 143
8.2.1 INCREASING USE OF SUSTAINABLE COATINGS AND RISING DOMESTIC PRODUCTION TO DRIVE MARKET 143
8.3 ALKYD 145
8.3.1 RAPID DRYING, GOOD ADHESION, ELASTICITY, AND RESISTANCE TO MARRING TO BOOST DEMAND 145
8.4 VINYL 148
8.4.1 DEVELOPMENT OF DISPERSION TYPE OF VINYL RESINS TO BOOST SEGMENT 148
 
8.5 POLYURETHANE 150
8.5.1 HIGH-PERFORMANCE CHARACTERISTICS TO INCREASE DEMAND
FOR POLYURETHANES 150
8.6 EPOXY 152
8.6.1 UNIQUE COMBINATION OF ADHESION, CHEMICAL RESISTANCE,
AND PHYSICAL PROPERTIES TO DRIVE MARKET 152
8.7 AMINO 154
8.7.1 EXCELLENT TENSILE STRENGTH, HARDNESS, AND IMPACT
RESISTANCE TO DRIVE MARKET 154
8.8 UNSATURATED POLYESTER 157
8.8.1 EASE OF MANUFACTURING AND COST-EFFECTIVENESS TO PROPEL DEMAND 157
8.9 SATURATED POLYESTER 159
8.9.1 MULTI-CHARACTERISTIC RESINS WITH SUPERIOR PROPERTIES
TO BOOST DEMAND 159
8.10 OTHER RESIN TYPES 161
9 COATING RESINS MARKET, BY APPLICATION 163
9.1 INTRODUCTION 164
9.2 ARCHITECTURAL COATINGS 167
9.2.1 DECORATIVE AND PROTECTIVE FEATURES FOR INTERIOR AND
EXTERIOR SURFACES TO DRIVE MARKET 167
9.3 MARINE & PROTECTIVE COATINGS 169
9.3.1 INCREASING USE OF EPOXY RESINS TO BOOST MARKET 169
9.4 GENERAL INDUSTRIAL COATINGS 170
9.4.1 INCREASING PER CAPITA INCOME TO SUPPORT MARKET GROWTH 170
9.5 AUTOMOTIVE COATINGS 172
9.5.1 PREFERENCE FOR ELECTRIC VEHICLES TO DRIVE MARKET 172
9.6 WOOD COATINGS 174
9.6.1 NEW HOME-BUILDING ACTIVITIES TO PROPEL DEMAND 174
9.7 PACKAGING COATINGS 176
9.7.1 INCREASING DEMAND FOR FOOD & BEVERAGES TO DRIVE MARKET 176
9.8 COIL COATINGS 178
9.8.1 CORROSION RESISTANCE AND DURABILITY PROPERTIES TO DRIVE MARKET 178
9.9 OTHER COATING APPLICATIONS 180
9.9.1 AEROSPACE 180
9.9.2 RAIL 180
9.9.3 GRAPHIC ARTS 180
10 COATING RESINS MARKET, BY REGION 183
10.1 INTRODUCTION 184
10.2 ASIA PACIFIC 186
10.2.1 CHINA 195
10.2.1.1 Rising housing demand and increased consumer spending to drive market 195
10.2.2 INDIA 197
10.2.2.1 Construction and automotive industries to be key consumers of coating resins 197
10.2.3 JAPAN 199
10.2.3.1 Increasing demand for architectural coatings to drive market 199
10.2.4 SOUTH KOREA 202
10.2.4.1 Automobile industry to be largest consumer of coating resins 202
10.2.5 INDONESIA 205
10.2.5.1 Investments in infrastructure and residential projects to drive construction industry 205
10.2.6 PAKISTAN 207
10.2.6.1 Recovering construction and automotive sectors to drive market 207
10.2.7 PHILIPPINES 209
10.2.7.1 Government initiatives to boost construction industry 209
10.2.8 MALAYSIA 211
10.2.8.1 Large automotive sector to generate significant demand for coatings 211
10.2.9 REST OF ASIA PACIFIC 213
10.3 EUROPE 216
10.3.1 GERMANY 223
10.3.1.1 Leading automotive design, performance, and innovation to drive market 223
10.3.2 FRANCE 225
10.3.2.1 Reviving economy and infrastructure to boost demand 225
10.3.3 ITALY 228
10.3.3.1 Robust manufacturing sector encompassing machinery, fashion items, and automotive parts, to drive market 228
10.3.4 UK 230
10.3.4.1 Government initiatives to boost construction industry 230
10.3.5 TURKIYE 232
10.3.5.1 Government-led developmental programs to drive market 232
10.3.6 SPAIN 234
10.3.6.1 Large exports of automobiles to drive market 234
10.3.7 REST OF EUROPE 236
10.4 NORTH AMERICA 238
10.4.1 US 246
10.4.1.1 Demand from major coatings producers to boost coating resins market 246
10.4.2 CANADA 249
10.4.2.1 Construction industry to be major contributor to coating resins market growth 249
10.4.3 MEXICO 251
10.4.3.1 Increasing investments in construction projects to fuel demand for coating resins 251
 
10.5 MIDDLE EAST & AFRICA 254
10.5.1 GCC COUNTRIES 262
10.5.1.1 Saudi Arabia 264
10.5.1.1.1 Mega construction projects to boost demand for
coating resins 264
10.5.1.2 UAE 266
10.5.1.2.1 Focus on sustainable industrial growth to achieve growth 266
10.5.1.3 Rest of GCC countries 268
10.5.1.3.1 New infrastructural developments to increase demand
for coating resins 268
10.5.2 SOUTH AFRICA 270
10.5.2.1 Strategic policies and industrial expansion to drive market 270
10.5.3 EGYPT 272
10.5.3.1 Construction sector and ongoing urban development initiatives
to increase coating resin demand 272
10.5.4 NIGERIA 274
10.5.4.1 Government development initiatives to boost demand 274
10.5.5 ETHIOPIA 276
10.5.5.1 Government initiatives to contribute to construction industry growth 276
10.5.6 KENYA 278
10.5.6.1 Increase in local manufacturing to increase demand 278
10.5.7 ISRAEL 280
10.5.7.1 Growing prospects in coating resins for advanced vehicle
solutions to drive market 280
10.5.8 JORDAN 282
10.5.8.1 Growing construction and automotive sectors to drive market 282
10.5.9 REST OF MIDDLE EAST & AFRICA 285
10.6 SOUTH AMERICA 287
10.6.1 BRAZIL 293
10.6.1.1 Investment Partnerships Program to boost demand for coating resins 293
10.6.2 COLOMBIA 295
10.6.2.1 Demographic shifts, urbanization, and increase in labor
productivity to drive market 295
10.6.3 ARGENTINA 297
10.6.3.1 Improved economic conditions to drive market 297
10.6.4 REST OF SOUTH AMERICA 299
11 COMPETITIVE LANDSCAPE 302
11.1 OVERVIEW 302
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 302
11.3 REVENUE ANALYSIS, 2020–2023 303
11.4 MARKET SHARE ANALYSIS, 2023 304
11.4.1 DOW INC. 305
11.4.2 COVESTRO AG 305
11.4.3 ARKEMA SA 306
11.4.4 BASF SE 306
11.4.5 SYNTHOMER PLC 306
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2023 307
11.5.1 COMPANY VALUATION 307
11.5.2 FINANCIAL METRICS 307
11.6 BRAND/PRODUCT COMPARISON 308
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 309
11.7.1 STARS 309
11.7.2 EMERGING LEADERS 309
11.7.3 PERVASIVE PLAYERS 309
11.7.4 PARTICIPANTS 309
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 311
11.7.5.1 Company footprint 311
11.7.5.2 Region footprint 312
11.7.5.3 Technology footprint 313
11.7.5.4 Resin type footprint 314
11.7.5.5 Application footprint 315
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 316
11.8.1 PROGRESSIVE COMPANIES 316
11.8.2 RESPONSIVE COMPANIES 316
11.8.3 DYNAMIC COMPANIES 316
11.8.4 STARTING BLOCKS 316
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 318
11.8.5.1 Detailed list of key startups/SMEs 318
11.8.5.2 Competitive benchmarking of key startups/SMEs 319
11.9 COMPETITIVE SCENARIO 320
11.9.1 PRODUCT LAUNCHES 320
11.9.2 DEALS 322
11.9.3 EXPANSIONS 324
12 COMPANY PROFILES 326
12.1 KEY PLAYERS 326
12.1.1 DOW INC. 326
12.1.1.1 Business overview 326
12.1.1.2 Products offered 327
12.1.1.3 Recent developments 328
12.1.1.3.1 Deals 328
12.1.1.4 MnM view 329
12.1.1.4.1 Right to win 329
12.1.1.4.2 Strategic choices 329
12.1.1.4.3 Weaknesses and competitive threats 329
12.1.2 ARKEMA SA 330
12.1.2.1 Business overview 330
12.1.2.2 Products offered 331
12.1.2.3 Recent developments 332
12.1.2.3.1 Product launches 332
12.1.2.3.2 Deals 333
12.1.2.3.3 Expansions 333
12.1.2.4 MnM view 334
12.1.2.4.1 Right to win 334
12.1.2.4.2 Strategic choices 334
12.1.2.4.3 Weaknesses and competitive threats 334
12.1.3 BASF SE 335
12.1.3.1 Business overview 335
12.1.3.2 Products offered 336
12.1.3.3 Recent developments 337
12.1.3.3.1 Product launches 337
12.1.3.3.2 Deals 337
12.1.3.3.3 Expansions 338
12.1.3.4 MnM view 339
12.1.3.4.1 Right to win 339
12.1.3.4.2 Strategic choices 339
12.1.3.4.3 Weaknesses and competitive threats 339
12.1.4 COVESTRO AG 340
12.1.4.1 Business overview 340
12.1.4.2 Products offered 341
12.1.4.3 Recent developments 342
12.1.4.3.1 Product launches 342
12.1.4.3.2 Deals 343
12.1.4.3.3 Expansions 343
12.1.4.4 MnM view 344
12.1.4.4.1 Right to win 344
12.1.4.4.2 Strategic choices 344
12.1.4.4.3 Weaknesses and competitive threats 344
12.1.5 ALLNEX GMBH 345
12.1.5.1 Business overview 345
12.1.5.2 Products offered 345
12.1.5.3 Recent developments 347
12.1.5.3.1 Product launches 347
12.1.5.3.2 Deals 347
12.1.5.3.3 Expansions 348
 
12.1.5.4 MnM view 348
12.1.5.4.1 Right to win 348
12.1.5.4.2 Strategic choices 348
12.1.5.4.3 Weaknesses and competitive threats 348
12.1.6 SYNTHOMER PLC 349
12.1.6.1 Business overview 349
12.1.6.2 Products offered 351
12.1.7 DIC CORPORATION 352
12.1.7.1 Business overview 352
12.1.7.2 Products offered 353
12.1.7.3 Recent developments 354
12.1.7.3.1 Deals 354
12.1.7.3.2 Expansions 355
12.1.8 HUNTSMAN INTERNATIONAL LLC. 356
12.1.8.1 Business overview 356
12.1.8.2 Products offered 358
12.1.8.3 Recent developments 358
12.1.8.3.1 Deals 358
12.1.9 NAN YA PLASTICS CORPORATION 359
12.1.9.1 Business overview 359
12.1.9.2 Products offered 360
12.1.10 KUKDO CHEMICAL CO., LTD. 361
12.1.10.1 Business overview 361
12.1.10.2 Products offered 362
12.2 OTHER PLAYERS 363
12.2.1 JIANGSU SANMU GROUP 363
12.2.1.1 Products offered 363
12.2.2 ETERNAL MATERIALS CORPORATION LIMITED 364
12.2.2.1 Products offered 364
12.2.3 WANHUA CHEMICAL GROUP CO., LTD. 366
12.2.3.1 Products offered 366
12.2.4 WACKER CHEMIE AG 367
12.2.4.1 Products offered 367
12.2.5 OLIN CORPORATION 368
12.2.5.1 Products offered 368
12.2.6 MOMENTIVE PERFORMANCE MATERIALS INC. 370
12.2.6.1 Products offered 370
12.2.7 LUBRIZOL PERFORMANCE COATINGS 371
12.2.7.1 Products offered 371
12.2.7.2 Recent developments 372
12.2.7.2.1 Product launches 372
 
12.2.8 POLYNT-REICHHOLD 373
12.2.8.1 Products offered 373
12.2.8.2 Recent developments 374
12.2.8.2.1 Expansions 374
12.2.9 HELIOS RESINS 375
12.2.9.1 Products offered 375
12.2.10 SYNTHOPOL 377
12.2.10.1 Products offered 377
12.2.11 HITECH INDUSTRIES FZE 378
12.2.11.1 Products offered 378
12.2.12 ATUL LTD. 380
12.2.12.1 Products offered 380
12.2.13 LAWTER 381
12.2.13.1 Products offered 381
12.2.14 EASTMAN CHEMICAL COMPANY 382
12.2.14.1 Products offered 382
12.2.15 CHANG CHUN GROUP 383
12.2.15.1 Products offered 383
12.2.16 OTHER RELATED PLAYERS 384
13 ADJACENT AND RELATED MARKETS 385
13.1 INTRODUCTION 385
13.1.1 LIMITATIONS 385
13.2 PAINTS & COATINGS MARKET 385
13.2.1 MARKET DEFINITION 385
13.2.2 MARKET OVERVIEW 386
13.2.3 PAINTS & COATINGS MARKET, BY TECHNOLOGY 386
13.2.3.1 Waterborne coatings 387
13.2.3.2 Solventborne coatings 387
13.2.3.3 Powder coatings 387
13.2.3.4 Other technologies 387
13.2.4 PAINTS & COATINGS MARKET, BY RESIN TYPE 388
13.2.4.1 Acrylic 388
13.2.4.2 Alkyd 388
13.2.4.3 Epoxy 388
13.2.4.4 Polyester 389
13.2.4.5 Polyurethane 389
13.2.4.6 Fluoropolymer 389
13.2.4.7 Vinyl 389
13.2.4.8 Other resin types 389
 
13.2.5 PAINTS & COATINGS MARKET, BY END-USE INDUSTRY 390
13.2.5.1 Architectural 390
13.2.5.2 Industrial 391
13.2.6 PAINTS & COATINGS MARKET, BY REGION 391
13.2.6.1 Asia Pacific 392
13.2.6.2 Europe 392
13.2.6.3 North America 392
13.2.6.4 Middle East & Africa 392
13.2.6.5 South America 392
14 APPENDIX 393
14.1 DISCUSSION GUIDE 393
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 396
14.3 CUSTOMIZATION OPTIONS 398
14.4 RELATED REPORTS 398
14.5 AUTHOR DETAILS 399