Coatings Resins Industry Forecast Trends, Size, Segments, Emerging Technologies and Market Growth by Forecast
Market Analysis The global coating resins market is projected to grow at an impressive CAGR between 2020–2027, as per the recent Market Research Future (MRFR) report. Coating resins, which is also called binders, are polymer materials that help in holding together the coating formulations and offer adhesion to the substrates where the coating is applied. Some of its key applications include electronics, packaging, architectural, automotive, and industrial, among others. Numerous factors are adding to the global coating resins industry . These factors, according to the recent Market Research Future report, include the growing demand in the building construction and automotive industries, constant technological advancements, development of new formulations and materials, and increasing use of paints and coatings in different end use industries. On the contrary, fluctuations in raw material prices may limit the global coating resins market growth during the forecast per...