Significant growth of the construction industry, environmentally friendly characteristics, durability, and better aesthetic appearance are all driving architectural coatings consumption. Increasing investments in emerging markets and less-regulated regions provide growth opportunities for market players.
The company achieved a new milestone in its sustainability journey with certification of its Nansha site in China, enabling the launch of a new range of bio-attributed UV/LED/EB curable resins.
The coatings resins market is poised for remarkable growth driven by a confluence of factors, including technological advancements, increased demand across various industries, and a growing emphasis on sustainability. This article delves into the key drivers, market trends, challenges, and opportunities shaping the future of the resins market.
The report from MarketsandMarkets projects market growth driven by a surge in demand attributed to stringent regulations imposed by various governments on the permissible levels of VOCs.
The report forecasts the CAGR over the next six years as well as offers an overview of key market players, market drivers, and predicts what global areas will be the most influential.
The global paint and coating market size is projected to grow at a CAGR of 3.3%, between 2022 and 2027. This market report breaks projections up by resin type including: acrylic, alkyd, epoxy, polyurethane, fluoropolymer, vinyl, polyester, and other.
Arkema invested in the Navi Mumbai facility in early 2019 to expand the geographic coverage of its high-performance, more sustainable, low-VOC products, and to support its customers' demands. The site includes a manufacturing unit and a laboratory to provide application development and technical support in the region.
