The global Coating Resins Market size is estimated to grow at a CAGR of about 5% during a forecast period.
Increasing architectural coatings, construction, decorative coatings, industrial, automotive, and marine coatings, increase in vehicle sale, demand for aesthetically appealing furniture, economic growth in developing countries, increasing investment, increasing purchasing power and growth in Formulation segment is driving the coating resin market. Hardness, stain resistance, corrosion resistance, weather resistance, and fire resistance, are the properties of resins in coatings. Resins offer gloss retention, quick drying times, and superior weathering to coatings market.
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