Asia Pacific Coating Resins Market: Booming Automotive & Con-struction Industry to Encourage Growth

Transparency Market
Research
COATING RESINS MARKET - ASIA PACIFIC INDUSTRY ANALYSIS, SIZE, SHARE,
GROWTH, TRENDS AND FORECAST 2015 - 2023
Published Date
28-Oct-2015
155 Page Report
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Press Release
Asia Pacific Coating Resins Market: Booming Automotive and
Construction Industry to Encourage Growth : TMR
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Coating Resins Market
REPORT DESCRIPTION
Coating Resins Market - Asia Pacific Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023
The Asia Pacific coating resins market is characterized as highly fragmented and competitive in
nature, owing to the presence of a large number of players operating in it, states a market intelligence
report by Transparency Market Research. The leading players operating in the coating resins market
in Asia Pacific, namely Allnex Belgium SA/NV, Arkema S.A., Nuplex Industries Ltd., BASF SE, Evonik
Industries, Eternal Resin Co. Ltd., DIC Corporation, and Royal DSM N.V., collectively led the market
and held a share of 50.5% in 2014. The Asia Pacific market for coating resins comprises of a large
number of medium-scale and large-scale manufacturers. The rising importance of these players on
advancements and innovations is estimated to encourage the growth of the overall market in the next
few years. This will also allow players to gain a competitive edge in the Asia Pacific coating resins
market.
As per the research study, in 2015, the Asia Pacific market for coating resins was worth US$16.23 bn
and is projected to reach a value of US$27.8 bn by the end of 2023. The market is anticipated to
register a healthy 7.0% CAGR between 2015 and 2023.
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Growing Focus on Innovations to Create Opportunities for India Coating Resins Market
From a geographical viewpoint, China is expected to lead the coating resins market in Asia Pacific
throughout the forecast period and account for a key share in terms of revenue. The high growth of
this segment can be attributed to the rising focus on infrastructure development and the rising
population. In addition, the booming construction industry is estimated to drive the demand for coating
resins in China throughout the forecast period. On the other hand, India is expected to witness
substantial growth in the coming few years. The growing focus on innovations and the development
of environmentally sustainable technologies are some of the vital factors likely to fuel the growth of
the coating resins market in India in the next few years.
In 2015, the building and construction end use segment led the Asia Pacific coating resins market
and is anticipated to continue with its leading position in the next few years. As per the research
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Coating Resins Market
study, this segment is projected to account for a share of 38.1% of the Asia Pacific coating resins
market by the end of 2023. The rising construction activities in most of the emerging nations of Asia
Pacific is one of the important factors anticipated to encourage the growth of this segment in the
coming few years.
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Developing Automotive Industry in Asia Pacific to Encourage Growth
The growing demand for coating resins from the building and construction industry is one of the key
factors anticipated to fuel the growth of the Asia Pacific coating resins market in the next few years,
states a TMR analyst. In addition, the expansion of the automotive industry in this region is projected
to accelerate the growth of the overall market. The rising focus of key players on expansion of the
application base is another factor likely to supplement the growth of the coating resins market in Asia
Pacific in the coming years.
Fluctuating Raw Material Prices to Hamper Market Growth
The Asia Pacific market for coating resins is expected to face several challenges in the next few
years, which will restrict the growth of the market. The volatility in prices of raw materials and crude
oil is anticipated to curb the growth of the Asia Pacific coating resins market in the coming few years.
In addition, stringent government regulations regarding volatile organic compounds are likely to
hamper the market’ growth, says a TMR analyst. Nevertheless, the high growth of coating resins
market in Vietnam is likely to generate potential opportunities for the leading players.
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TABLE OF CONTENT
Chapter 1 Preface

Report Description

Research Scope

Assumptions
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
Market Segmentation

Research Methodology
Chapter 2 Executive Summary

Asia Pacific Coating Resins Market, 2014 - 2023, (Kilo Tons) (US$ Mn)

Coating Resins: Market Snapshot
Chapter 3 Coating Resins Market – Industry Analysis

Introduction

Value Chain Analysis

Market Drivers

Driver 1 – Growth in Building & Construction Market in Asia Pacific to Propel Demand for Coating Resins

Driver 2 – Expansion of Automotive Industry in Asia Pacific to Boost Coating Resins Market

Restraints

Restraint 1 – Volatility in Prices of Raw Materials Expected to Dampen Growth of Asia Pacific Coating Resins
Market

Restraint 2 – Strict Governmental Regulations in Asia Pacific to Hamper Market Growth

Opportunity

Opportunity 1 – Vietnam Expected to Create Lucrative Market Opportunities for Coating Resins

Porter’s Five Forces Analysis

Bargaining Power of Suppliers

Bargaining Power of Buyers

Threat of New Entrants

Threat of Substitutes

Degree of Competition

Coating Resins: Market Attractiveness Analysis

Coating Resins: Company Market Share Analysis, 2014
Chapter 4 Raw Material and Price Trend Analysis

Raw Material Analysis – Manufacturing/Extraction Process

Raw Material Price Trends, 2014 – 2023 (US$/Ton)

Coating Resins Price Trends, 2014 – 2023 (US$/Ton)
Chapter 5 Market Segmentation – Technology Analysis

Asia Pacific Coating Resins Market – Technology Analysis
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
Asia Pacific Solventborne Coating Resins Market

Asia Pacific High Solids/Radiation Cured Coating Resins Market

Asia Pacific Powder Coating Resins Market

Asia Pacific Other Coating Resins Market
Chapter 6 Market Segmentation – Product Segment Analysis

Asia Pacific Coating Resins Market – Product Segment Analysis

Asia Pacific Acrylic Coating Resins Market

Asia Pacific Alkyd Coating Resins Market

Asia Pacific Epoxy Coating Resins Market

Asia Pacific Unsaturated Polyester Coating Resins Market

Asia Pacific Urethane Coating Resins Market

Asia Pacific Others Coating Resins Market
Chapter 7 Market Segmentation – End-user Analysis

Asia Pacific Coating Resins Market – End-user Analysis

Asia Pacific Coating Resins Market for Building & Construction

Asia Pacific Coating Resins Market for Automotive

Asia Pacific Coating Resins Market for Marine

Asia Pacific Coating Resins Market for Electronics

Asia Pacific Coating Resins Market for Furniture

Asia Pacific Coating Resins Market for Others
Chapter 8 Market Segmentation – Country Analysis

Asia Pacific Coating Resins – Market Snapshot

China Coating Resins Market – Technology Analysis

China Coating Resins Market – Product Segment Analysis

China Coating Resins Market – End-user Analysis

India Coating Resins Market – Technology Analysis

India Coating Resins Market – Product Segment Analysis

India Coating Resins Market – End-user Analysis

Indonesia Coating Resins Market – Technology Analysis

Indonesia Coating Resins Market – Product Segment Analysis

Indonesia Coating Resins Market – End-user Analysis
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
Malaysia Coating Resins Market – Technology Analysis

Malaysia Coating Resins Market – Product Segment Analysis

Malaysia Coating Resins Market – End-user Analysis

Singapore Coating Resins Market – Technology Analysis

Singapore Coating Resins Market – Product Segment Analysis

Singapore Coating Resins Market – End-user Analysis

Thailand Coating Resins Market – Technology Analysis

Thailand Coating Resins Market – Product Segment Analysis

Thailand Coating Resins Market – End-user Analysis

Vietnam Coating Resins Market – Technology Analysis

Vietnam Coating Resins Market – Product Segment Analysis

Vietnam Coating Resins Market – End-user Analysis

Rest of Asia Pacific Coating Resins Market – Technology Analysis

Rest of Asia Pacific Coating Resins Market – Product Segment Analysis

Rest of Asia Pacific Coating Resins Market – End-user Analysis
Chapter 9 Company Profiles

Akzo Nobel N.V.

Arkema S.A.

Allnex Belgium SA/NV

BASF SE

DIC Corporation

Eternal Resin Co. Ltd.

Evonik Industries

Nuplex Industries Ltd.

PT. Citra Resins Industries

PT. Diachem Resins Indonesia

Royal DSM N.V.

Royal Chemie Indonesia Tbk

Worldwide Resins & Chemicals Sdn Bhd

PT. Inawan Chemtex Sukses Abadi
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Coating Resins Market
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As per the research study, in 2015, the Asia Pacific market for coating resins was worth US$16.23 bn and is projected to reach a value of US$27.8 bn by the end of 2023. The market is anticipated to register a healthy 7.0% CAGR between 2015 and 2023.