PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2074461
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2074461
The coating resins market size was USD 49.18 billion in 2026 and is projected to reach USD 64.24 billion in 2031, at a CAGR of 5.49%.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2023-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD Million/Billion) and Volume (Kiloton) |
| Segments | Resin Type, Technology, Application, and Region |
| Regions covered | North America, Europe, Asia Pacific, the Middle East & Africa, and South America |
"The coating resins market is expected to witness a compound annual growth rate of 5.49% from 2026 to 2031."
The growth in the coating resins market is mainly driven by rising demand for protective coatings, as coating resins are widely used to enhance coating strength, chemical resistance, and corrosion protection. With their ability to withstand harsh environmental conditions and extend the lifespan of coated surfaces, coating resins are suitable for industrial and infrastructure applications. With an increasing focus among end-use industries on asset protection and maintenance, demand for coating resins is expected to rise significantly.

"In 2025, the alkyd resin segment accounted for the third-largest share in terms of value of the coating resins market."
The alkyd resin segment held the third-largest share of the coating resins market in 2025, owing to its widespread use in decorative and protective coatings. Alkyd resins are widely used for their good adhesion, durability, and cost-effectiveness in architectural and industrial applications. Additionally, their strong compatibility with solventborne systems and ease of application further supported their steady demand across end-use industries.
"Automotive coatings were the third-largest application of coating resins in 2025, in terms of value."
In 2025, automotive coatings emerged as the third-largest application of coating resins owing to the growing demand for durable, high-performance coatings in vehicle manufacturing. Coating resins are widely used in automotive coatings to provide enhanced gloss, weatherability, scratch resistance, and corrosion protection. The increasing production of passenger and commercial vehicles further supported the demand for coating resins in this application.
"Europe accounted for the third-largest share of the coating resins market, in terms of value, in 2025."
Europe represented the third-largest share in terms of value of the coating resins market in 2025, owing to the presence of a well-established coatings industry and strong demand from construction, automotive, and industrial sectors. The region's emphasis on sustainable and low-VOC coating technologies has encouraged the adoption of advanced coating resins. Additionally, ongoing renovation activities and infrastructure investments supported market growth across the region.
The key players profiled in the report are Dow Inc. (US), Arkema (France), BASF SE (Germany), Covestro AG (Germany), Synthomer plc (UK), Allnex GMBH (Germany), DIC Corporation (Japan), Nan Ya Plastics Corporation (Taiwan), Huntsman International LLC (US), and KUKDO CHEMICAL CO., LTD. (South Korea).
Study Coverage
This report segments the market for coating resins based on resin type, technology, application, and region, and provides estimations of value (USD million) and volume (kiloton) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and strategies in the coating resins market.
Reasons to Buy this Report
This research report is focuses on various levels of analysis-industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the coating resins market, high-growth regions, and market drivers, restraints, and opportunities.