Coating Resins Market Research Report – Forecast to 2027

Global Coating Resins Market: Information by Type (Acrylic, Alkyd, Epoxy, Polyurethane, Vinyl), Technology (Water-Borne, Solvent-Borne, Powder, UV-Cured), Application (Industrial, Automotive, Architectural, Packaging, Electronics), Region—Forecast till 2027

ID: MRFR/CnM/5016-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Coating resins are widely used in industrial, architectural, and automotive applications due to their resistance to ultraviolet degradation, excellent weatherability, superior abrasion resistance, high gloss, and excellent resistance to water, alcohol, chemicals, chemical fumes, corrosion, and discoloration from heating. Coating resins are present in primers, clearcoats, topcoats, adhesives, car refinishes, protective marine coatings, and plastic coatings, among others.


The major factor driving the growth of the global coating resins market is increasing demand in the automotive and building and construction industries. In the automotive industry, coating resins are used in interior and exterior metal and plastic components, major structural metal pieces, under-the-hood components, car wheels, and door trim. Moreover, the growing use of water-based, UV-cured, and powder coatings in end-use industries due to environmental norms on VOC content is expected to boost product demand during the forecast period. Driven largely by the development of new materials, formulations, and technological advancements, powder coatings are becoming the preferred finishing process over wet paint.


The prominent players operating in this market are adopting various business strategies such as product launches, R&D, expansions, agreements, and acquisitions to gain significant market shares. In June 2018, Evonik Industries AG signed an agreement with DB Becker, a Maroon Group LLC company, to distribute Evonik’s coating resins in the North-Eastern US. This agreement was aimed at distributing products to customers in the coatings, adhesives, and inks markets.


However, volatility in raw material prices is expected to hinder market growth during the forecast period.


Global Coating Resins Market Share, by Application, 2017 (%)


Coating Resins Market Share


Source: MRFR analysis


Regional Analysis


The global coating resins market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia-Pacific is expected to be the leading regional coating resins market during the forecast period. This is mainly due to rising demand in architectural applications coupled with the significant growth of the building and construction industry in developing economies such as India, China, and South Korea.


The markets in North America and Europe are projected to grow at a significant rate during the assessment period. The US is anticipated to be the leading market for coating resins in North America due to the increasing demand for powder coatings and UV-cured resins in the automotive and steel industries.


The considerable growth of the automotive and building and construction industries in the Middle East & Africa is expected to generate significant revenue in the regional coating resins market during the forecast period.


Market Segmentation


The global coating resins market has been segmented on the basis of type, coating technology, application, and region.


Based on type, the global coating resins market has been divided into acrylic, alkyd, epoxy, polyurethane, vinyl, and others.


By coating technology, the global coating resins market has been segmented into water-borne, solvent-borne, powder, UV-cured, and others.


On the basis of application, the global coating resins market has been segregated into industrial, automotive, architectural, packaging, electronics, and others.


The global coating resins market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the global coating resins market are Arkema SA (France), DowDuPont (US), BASF SE (Germany), Allnex Group (Germany), Wacker Chemie AG (Germany), Royal DSM NV (Netherlands), Aekyung Chemical Co. Ltd (South Korea), DIC Corporation (Japan), Tosoh Corporation (Japan), Westlake Chemical Corporation (US), Nippon Shokubai Co. Ltd (Japan), Neville Chemical Company (US), and Ferro Coating Resins (South Africa).


Intended Audience



  • Coating resins manufacturers

  • Traders and distributors of coating resins

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


Automotive and building & construction industries are the major market influencers.

Volatile raw material prices can prevent estimated market growth.

The Asia Pacific has the scope to lead the market.

The study includes automotive, industrial, packaging, architectural, electronics, and others.

The report includes alkyd, acrylic, polyurethane, vinyl, epoxy, and others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Factor Analysis

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Model

4.2.1 Threat of New Entrants

4.2.2 Threat of Rivalry

4.2.3 Threat of Substitutes

4.2.4 Bargaining Power of Suppliers

4.2.5 Bargaining Power of Buyers

5 Market Dynamics of Global Coating Resins Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6. Global Coating Resins Market, by Type

6.1 Introduction

6.2 Acrylic

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Alkyd

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

6.4 Epoxy

6.4.1 Market Estimates & Forecast, 2020–2027

6.4.2 Market Estimates & Forecast, by Region, 2020–2027

6.5 Polyurethane

6.5.1 Market Estimates & Forecast, 2020–2027

6.5.2 Market Estimates & Forecast, by Region, 2020–2027

6.6 Vinyl

6.6.1 Market Estimates & Forecast, 2020–2027

6.6.2 Market Estimates & Forecast, by Region, 2020–2027

6.7 Others

6.7.1 Market Estimates & Forecast, 2020–2027

6.7.2 Market Estimates & Forecast, by Region, 2020–2027

7. Global Coating Resins Market, by Technology

7.1 Introduction

7.2 Water-Borne

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Solvent-Borne

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Powder

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 UV-Cured

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Coating Resins Market, by Application

8.1 Introduction

8.2 Industrial

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Architectural

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Packaging

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Electronics

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Coating Resins Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Technology, 2020–2027

9.2.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Type 2020–2027

9.2.5.3 Market Estimates & Forecast, by Technology, 2020–2027

9.2.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.6.3 Market Estimates & Forecast, by Technology, 2020–2027

9.2.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.8.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.10.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.11 Rest of Europe

9.3.11.1 Market Estimates & Forecast, 2020–2027

9.3.11.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.11.3 Market Estimates & Forecast, by Technology, 2020–2027

9.3.11.4 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Technology, 2020–2027

9.4.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.5.3 Market Estimates & Forecast by Technology, 2020–2027

9.4.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Technology, 2020–2027

9.4.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Technology, 2020–2027

9.4.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 Australia

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Technology, 2020–2027

9.4.8.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 New Zealand

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Technology, 2020–2027

9.4.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.10 Rest of Asia-Pacific

9.4.10.1 Market Estimates & Forecast, 2020–2027

9.4.10.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.10.3 Market Estimates & Forecast, by Technology, 2020–2027

9.4.10.4 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Technology, 2020–2027

9.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Turkey

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Technology, 2020–2027

9.5.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Technology, 2020–2027

9.5.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Technology, 2020–2027

9.5.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.8 GCC

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Technology, 2020–2027

9.5.8.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.9 Rest of the Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020–2027

9.5.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.9.3 Market Estimates & Forecast, by Technology, 2020–2027

9.5.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.3 Market Estimates & Forecast, by Technology, 2020–2027

9.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.5.3 Market Estimates & Forecast, by Technology, 2020–2027

9.6.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Argentina

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Technology, 2020–2027

9.6.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.7 Mexico

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Technology, 2020–2027

9.6.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020–2027

9.6.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.8.3 Market Estimates & Forecast, by Technology, 2020–2027

9.6.8.4 Market Estimates & Forecast, by Application, 2020–2027

10. Competitive Landscape

10.1 Introduction

10.2 Key Market Strategies

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Technology Developments/Agreements/Investments)

11. Company Profiles

11.1 Arkema SA

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Products Offered

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 DowDuPont

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Products Offered

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 BASF SE

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Products Offered

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Allnex Group

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Products Offered

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 Wacker Chemie AG

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Products Offered

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 Royal DSM NV

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Products Offered

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 Aekyung Chemical Co. Ltd

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Products Offered

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 DIC Corporation

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Products Offered

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Tosoh Corporation

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Products Offered

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.10 Westlake Chemical Corporation

11.10.1 Company Overview

11.10.2 Financial Overview

11.10.3 Products Offered

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

11.11 Nippon Shokubai Co. Ltd

11.11.1 Company Overview

11.11.2 Financial Overview

11.11.3 Products Offered

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.11.6 Key Strategies

11.12 Neville Chemical Company

11.12.1 Company Overview

11.12.2 Financial Overview

11.12.3 Products Offered

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.12.6 Key Strategies

11.13 Ferro Coating Resins

11.13.1 Company Overview

11.13.2 Financial Overview

11.13.3 Products Offered

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.13.6 Key Strategies

12. Conclusion

LIST OF TABLES

Table 1 Global Coating Resins Market, by Region, 2020–2027

Table 2 North America: Coating Resins Market, by Country, 2020–2027

Table 3 Europe: Coating Resins Market, by Country, 2020–2027

Table 4 Asia-Pacific: Coating Resins Market, by Country, 2020–2027

Table 5 Middle East & Africa: Coating Resins Market, by Country, 2020–2027

Table 6 Latin America: Coating Resins Market, by Country, 2020–2027

Table 7 Global Coating Resins Type Market, by Region, 2020–2027

Table 8 North America: Coating Resins Type Market, by Country, 2020–2027

Table 9 Europe: Coating Resins Type Market, by Country, 2020–2027

Table 10 Asia-Pacific: Coating Resins Type Market, by Country, 2020–2027

Table 11 Middle East & Africa: Coating Resins Type Market, by Country, 2020–2027

Table 12 Latin America: Coating Resins Type Market, by Country, 2020–2027

Table 13 Global Coating Resins Technology Market, by Region, 2020–2027

Table 14 North America: Coating Resins Technology Market, by Country, 2020–2027

Table 15 Europe: Coating Resins Technology Market, by Country, 2020–2027

Table 16 Asia-Pacific: Coating Resins Technology Market, by Country, 2020–2027

Table 17 Middle East & Africa: Coating Resins Technology Market, by Country, 2020–2027

Table 18 Latin America: Coating Resins Technology Market, by Country, 2020–2027

Table 19 Global Coating Resins Application Market, by Region, 2020–2027

Table 20 North America: Coating Resins Application Market, by Country, 2020–2027

Table 21 Europe: Coating Resins Application Market, by Country, 2020–2027

Table 22 Asia-Pacific: Coating Resins Application Market, by Country, 2020–2027

Table 23 Middle East & Africa: Coating Resins Application Market, by Country, 2020–2027

Table 24 Latin America: Coating Resins Application Market, by Country, 2020–2027

Table 25 Global Type Market, by Region, 2020–2027

Table 26 Global Technology Market, by Region, 2020–2027

Table 27 Global Application Market, by Region, 2020–2027

Table 28 North America: Coating Resins Market, by Country, 2020–2027

Table 29 North America: Coating Resins Market, by Type, 2020–2027

Table 30 North America: Coating Resins Market, by Technology, 2020–2027

Table 31 North America: Coating Resins Market, by Application, 2020–2027

Table 32 Europe: Coating Resins Market, by Country, 2020–2027

Table 33 Europe: Coating Resins Market, by Type, 2020–2027

Table 34 Europe: Coating Resins Market, by Technology, 2020–2027

Table 35 Europe: Coating Resins Market, by Application, 2020–2027

Table 36 Asia-Pacific: Coating Resins Market, by Country, 2020–2027

Table 37 Asia-Pacific: Coating Resins Market, by Type, 2020–2027

Table 38 Asia-Pacific: Coating Resins Market, by Technology, 2020–2027

Table 39 Asia-Pacific: Coating Resins Market, by Application, 2020–2027

Table 40 Middle East & Africa: Coating Resins Market, by Country, 2020–2027

Table 41 Middle East & Africa: Coating Resins Market, by Type, 2020–2027

Table 42 Middle East & Africa: Coating Resins Market, by Technology, 2020–2027

Table 43 Middle East & Africa: Coating Resins Market, by Application, 2020–2027

Table 44 Latin America: Coating Resins Market, by Country, 2020–2027

Table 45 Latin America: Coating Resins Market, by Type, 2020–2027

Table 46 Latin America: Coating Resins Market, by Technology, 2020–2027

Table 47 Latin America: Coating Resins Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Global Coating Resins Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Coating Resins Market

FIGURE 4 Value Chain/Supply Chain of Global Coating Resins Market

FIGURE 5 Share of Global Coating Resins Market, by Country, 2020 (%)

FIGURE 6 Global Coating Resins Market, 2020–2027

FIGURE 7 Global Coating Resins Market Size, by Type, 2020 (%)

FIGURE 8 Share of Global Coating Resins Market, by Type, 2020–2027

FIGURE 9 Global Coating Resins Market Size, by Technology, 2020 (%)

FIGURE 10 Share of Global Coating Resins Market, by Technology, 2020–2027

FIGURE 11 Global Coating Resins Market Size, by Application, 2020 (%)

FIGURE 12 Share of Global Coating Resins Market, by Application, 2020–2027