Coating Resins Market by Type (Acrylic, Alkyd, Vinyl, PU, Epoxy, Amino, UPR, SPR & Others), by Technology (Waterborne, Powder, High Solvents, High Solids, UV Cure), by Application (Architectural, Automotive, Wood, & Others) – Global Forecast to 2020

““Growth drivers for the coating resins market”
The market size, in terms of value, of coating resins is estimated to be about USD 29.03 billion in 2015 and is projected to reach USD 38.15 billion by 2020, at a CAGR of 5.61% between 2015 and 2020. The coating resins market, along with its applications, witnessed a moderate-to-high growth in the past few years and is likely to continue so in the coming years. The drivers identified for the coating resins market are development of green, environment-friendly & healthier coating systems; more durable coatings with better performance & better aesthetics; and lower costs and efficiency in use.

“High growth markets for coating resins”
Acrylic resin is the fastest-growing coating resin as it is used in a wide range of applications because of their chemical characteristics and unique aesthetic properties. Currently, the strongest demand for acrylic resins comes from the automotive, medical device, paints & coatings, adhesive & sealant, and construction & architecture industries. Besides acrylic, epoxy, and polyurethane are also high growth markets.

End-use markets with the best growth prospects
High performance coatings are estimated to have the best growth prospects for coating resins. The end-use for marine coatings are new-building, repair and maintenance of deep sea structures, and coastal and navy vessels. More than 85% of the new-building market is in Asia-Pacific and 50% of ship owners are Europe/Middle East based. There are growth opportunities in deep sea oil-rigs maintenance & repair, sea-stores, and coastal & navy sectors.

The end-use for yacht coatings is super yacht, general professional (OEM and maintenance and repair), and retail/DIY. The super yacht segment has grown rapidly in recent years. The increase of high wealth consumer in emerging markets will define the growth of the yacht coatings market.

The aerospace coatings market is strongly driven by commercial sector (airlines), both in new building and maintenance (livery changes).

FIGURE 1 BREAKDOWN OF PRIMARY INTERVIEWS
Number of primaries: By Company Type
Tier 1 – 45%
Tier 2 – 35%
Tier 3: 20%

Number of primaries: By Designation Type
C Level – 35%
Director Level – 25%
Others – 40%

Number of Primaries: By Region
North America – 45%
Europe – 30%
Asia Pacific – 20%
RoW – 5%

*Others include sales, marketing, and product managers.
The tiers of the companies are defined on the basis of their total revenue, as of 2014: Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 =

“TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 SCOPE OF THE STUDY 18
1.3.1 REGIONAL SCOPE 18
1.3.2 MARKETS COVERED 18
1.3.3 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 19
1.5 PACKAGE SIZE 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA AND SECTION 21
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 24
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 27
2.4.1 ASSUMPTIONS 27
2.4.2 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN THE COATING RESINS MARKET 33
4.2 COATING RESINS MARKET, BY TYPE (2015-2020) 34
4.3 COATING RESINS MARKET IN ASIA-PACIFIC 35
4.4 COATING RESINS MARKET SHARE, BY REGION 36
4.5 COATING RESINS MARKET: DEVELOPED VS. DEVELOPING NATIONS 37
4.6 COATING RESINS MARKET: GROWING DEMAND FROM ROW 38
4.7 COATING RESINS MARKET ATTRACTIVENESS, BY APPLICATION (2020) 39
4.8 LIFE CYCLE ANALYSIS, BY REGION 40

5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET SEGMENTATION 41
5.2.1 COATING RESINS MARKET SEGMENTATION, BY TYPE 41
5.3 MARKET DYNAMICS 42
5.3.1 GLOBALIZATION & CONSOLIDATION 42
5.3.2 IN-HOUSE PRODUCTION 42
5.3.3 ALL-ROUND & SPECIALIZED 42
5.3.4 CONTINUOUS INVESTMENTS 42
5.3.5 DRIVERS 44
5.3.5.1 Green, environment-friendly & healthier coating systems 44
5.3.5.2 More durable coatings with better performance & better aesthetics 44
5.3.5.3 Lower costs in terms of price and efficiency in use 45
5.3.6 RESTRAINTS 45
5.3.6.1 Inadequate raw material supply and their volatile prices 45
5.3.6.2 The economic slowdown in Europe and U.S. 45
5.3.6.3 Reduced export demand from Western economies 46
5.3.6.4 Fluctuation in demand due to competition from other industries using resins 46
5.3.7 OPPORTUNITIES 46
5.3.7.1 Growth prospects in highly regulated regions 46
5.3.7.2 Development of bio-based coatings 46
5.3.7.3 Increase in demand for coating resins in developing economies 47
5.3.8 CHALLENGES 47
5.3.8.1 Growing price cutting measures 47
5.3.8.2 Stringent and time consuming regulatory policies 47
6 INDUSTRY TRENDS 48
6.1 INTRODUCTION 48
6.2 VALUE CHAIN ANALYSIS 48
6.2.1 VALUE CHAIN ANALYSIS (COATING RESINS): COST POINTS IN DIFFERENT SEGMENTS 50
6.3 COST BREAKDOWN OF COATING RESINS 51
6.4 RAW MATERIAL SOURCE BREAKDOWN 51
6.5 IMPACT OF FALL IN CRUDE OIL PRICES ON THE PRICE TREND OF COATING RESINS 52
6.5.1 SCENARIOS 53
6.5.1.1 Optimistic scenario 53
6.5.1.2 Pessimistic scenario 54

6.6 PORTER’S FIVE FORCES ANALYSIS 55
6.6.1 THREAT OF NEW ENTRANTS 56
6.6.2  THREAT OF SUBSTITUTES 56
6.6.3 BARGAINING POWER OF SUPPLIERS 56
6.6.4 BARGAINING POWER OF BUYERS 57
6.6.5 DEGREE OF COMPETITION 57
7 COATING RESINS MARKET, BY RESIN TYPE 58
7.1 INTRODUCTION 59
7.2 COATING RESINS, BY TYPE 60
7.3 ACRYLIC COATING RESINS 61
7.4 ALKYD COATING RESINS 62
7.5 VINYL COATING RESINS 64
7.6 POLYURETHANE COATING RESINS 65
7.7 EPOXY COATING RESINS 67
7.8 AMINO COATING RESINS 68
7.9 UNSATURATED POLYESTER COATING RESINS 70
7.10 SATURATED POLYESTER COATING RESINS 71
7.11 OTHER COATING RESINS 72
8 COATING RESINS MARKET, BY COATING TECHNOLOGY 73
8.1 INTRODUCTION 74
8.2 COATING RESINS FOR WATERBORNE COATINGS 76
8.2.1 TYPES OF WATERBORNE COATINGS 76
8.2.2 RESIN TYPES FOR WATERBORNE COATINGS 76
8.2.3 APPLICATIONS 77
8.2.4 ADVANTAGES AND DISADVANTAGES 77
8.3 COATING RESINS FOR HIGH SOLVENTS COATINGS 79
8.3.1 ADVANTAGES AND DISADVANTAGES 79
8.4 COATING RESINS FOR POWDER COATINGS 81
8.4.1 THERMOPLASTIC RESINS 81
8.4.1.1 Polyethylene 81
8.4.1.2 Polypropylene 81
8.4.1.3 Nylon 81
8.4.1.4 Polyvinylchloride 81
8.4.1.5 Thermoplastic polyester 82
8.4.2 THERMOSET RESINS 82
8.4.2.1 Epoxies 82
8.4.2.2 Hybrids 82
8.4.2.3 Urethane polyesters 82
8.4.2.4 Acrylics 82
8.4.2.5 Triglycidyl isocyanurate (TGIC) polyesters 82
8.5 COATING RESINS FOR HIGH SOLIDS COATINGS 85
8.5.1 TYPES OF HIGH SOLIDS COATING SYSTEMS 85
8.5.2 APPLICATIONS 86
8.5.2.1 Product finishing 86
8.5.2.2 Automotive applications 86
8.5.3 ADVANTAGES AND DISADVANTAGES 86
8.6 COATING RESINS FOR RADIATION CURABLE COATINGS 89
8.6.1 RESIN SYSTEMS 89
8.6.2 APPLICATIONS 89
8.6.3 ADVANTAGES 90
8.6.4 LIMITATIONS 90
8.7 OTHER EMERGING TECHNOLOGIES 92
9 COATING RESINS MARKET, BY APPLICATION 94
9.1 INTRODUCTION 95
9.2 ARCHITECTURAL COATINGS 97
9.3 HIGH PERFORMANCE COATINGS 98
9.4 INDUSTRIAL COATINGS 99
9.5 AUTOMOTIVE COATINGS 100
9.6 WOOD COATINGS 101
9.7 PACKAGING COATINGS 102
9.8 OTHER COATINGS 104
10 COATING RESINS MARKET, BY REGION 105
10.1 INTRODUCTION 106
10.2 ASIA-PACIFIC 109
10.2.1 CHINA 115
10.2.2 INDIA 115
10.2.3 JAPAN 116
10.2.4 OTHERS 116
10.3 WESTERN EUROPE 117
10.3.1 GERMANY 121
10.3.2 ITALY 121
10.3.3 FRANCE 121
10.3.4 U.K. 122
10.3.5 OTHERS 122
10.4 NORTH AMERICA 122
10.4.1 U.S. 128
10.4.2 MEXICO 128
10.4.3 CANADA 128

10.5 ROW 129
10.5.1 RUSSIA 133
10.5.2 BRAZIL 133
10.5.3 OTHERS 134
11 COMPETITIVE LANDSCAPE 135
11.1 OVERVIEW 135
11.2 COMPETITIVE SITUATIONS AND TRENDS 136
11.3 MARKET SHARE ANALYSIS: COATING RESINS MARKET 138
11.4 INVESTMENTS & EXPANSIONS 139
11.5 MERGERS & ACQUISITIONS 140
11.6 NEW PRODUCT LAUNCHES 141
11.7 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES 142
12 COMPANY PROFILES 143
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 INTRODUCTION 143
12.2 THE DOW CHEMICAL COMPANY 144
12.3 MOMENTIVE SPECIALTY CHEMICALS, INC. 148
12.4 ROYAL DSM N.V. 152
12.5 BASF SE 156
12.6 ALLNEX BELGIUM SA/NV 159
12.7 ARKEMA S.A. 162
12.9 NUPLEX INDUSTRIES LTD. 166
12.10 BAYER AG 170
12.12 PCCR USA INC. 173
*Details might not be captured in case of unlisted companies.
13 APPENDIX 176
13.1 INSIGHTS FROM INDUSTRY EXPERTS 176
13.2 DISCUSSION GUIDE 177
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 180
13.4 AVAILABLE CUSTOMIZATIONS 182
13.5 RELATED REPORTS 182
13.7 THE VALSPAR CORPORATION 187
13.7.1 BUSINESS OVERVIEW 187
13.7.2 PRODUCTS OFFERED 188
13.7.3 RECENT DEVELOPMENTS 189
13.7.4 SWOT ANALYSIS 189
13.7.5 MNM VIEW 190

13.8 PCCR USA INC. 191
13.8.1 BUSINESS OVERVIEW 191
13.8.2 PRODUCTS OFFERED 191
13.8.3 RECENT DEVELOPMENTS 193
13.8.4 SWOT ANALYSIS 193
14 APPENDIX 194
14.1 INSIGHTS FROM INDUSTRY EXPERTS 194
14.2 DISCUSSION GUIDE 195
14.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 198
14.4 AVAILABLE CUSTOMIZATIONS 200
14.5 RELATED REPORTS 200
“
“LIST OF TABLES

TABLE 1 MARKET FOR COATING RESINS EXPECTED TO REGISTER MODERATE GROWTH BETWEEN 2015 AND 2020 28
TABLE 2 COMPARISON OF COATING TECHNOLOGIES ON KEY PERFORMANCE AND SAFETY CHARACTERISTICS 44
TABLE 3 EU28 AND EA18 COUNTRIES CONSTRUCTION COST ANNUAL RATES OF CHANGE  2005-2013 45
TABLE 4 IMPACT OF CRUDE OIL ON THE PRICE OF PRODUCTS ACROSS THE VALUE CHAIN 53
TABLE 5 CRUDE OIL PRICE TREND USD/BARREL: 2013-2020 54
TABLE 6 PERCENTAGE CHANGE IN CRUDE OIL PRICE YEAR ON YEAR: 2014-2020 54
TABLE 7 COATING RESINS PRICE TREND USD/KG: 2013-2020 54
TABLE 8 PERCENTAGE CHANGE IN COATING RESINS PRICE YEAR ON YEAR: 2014-2020 55
TABLE 9 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2013–2020 (USD MILLION) 60
TABLE 10 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2013–2020 (THOUSAND TON) 60
TABLE 11 ACRYLIC COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 61
TABLE 12 ACRYLIC COATING RESINS MARKET SIZE, BY REGION, 
2013–2020 (THOUSAND TON) 61
TABLE 13 ALKYD COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 63
TABLE 14 ALKYD COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (THOUSAND TON) 63
TABLE 15 VINYL COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 64
TABLE 16 VINYL COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (THOUSAND TON) 64
TABLE 17 POLYURETHANE COATING RESINS MARKET SIZE, BY REGION, 
2013–2020 (USD MILLION) 65
TABLE 18 POLYURETHANE COATING RESINS MARKET SIZE, BY REGION,  2013–2020 (THOUSAND TON) 66
TABLE 19 EPOXY COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 20 EPOXY COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (THOUSAND TON) 67
TABLE 21 AMINO COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 69
TABLE 22 AMINO COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (THOUSAND TON) 69
TABLE 23 UNSATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION,  
2013–2020 (USD MILLION) 70
TABLE 24 UNSATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION,  
2013–2020 (THOUSAND TON) 70
TABLE 25 SATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION,  
2013–2020 (USD MILLION) 71
TABLE 26 SATURATED POLYESTER COATING RESINS MARKET SIZE, BY REGION,  
2013–2020 (THOUSAND TON) 71
TABLE 27 OTHER COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 72
TABLE 28 OTHER COATING RESINS MARKET SIZE, BY REGION, 
2013–2020 ( THOUSAND TON) 72
TABLE 29 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION) 75
TABLE 30 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2013–2020 (THOUSAND TON) 75
TABLE 31 COATING RESINS MARKET SIZE FOR WATERBORNE COATINGS, BY REGION,  
2013–2020 (USD MILLION) 78
TABLE 32 COATING RESINS MARKET SIZE FOR WATERBORNE COATINGS, BY REGION,  
2013–2020 (THOUSAND TON) 78
TABLE 33 TRADITIONAL FORMULATION SOLVENT USED FOR EACH RESIN TYPE 79
TABLE 34 COATING RESINS MARKET SIZE FOR HIGH SOLVENTS COATINGS, BY REGION,  2013–2020 (USD MILLION) 80
TABLE 35 COATING RESINS MARKET SIZE FOR HIGH SOLVENTS COATINGS, BY REGION,  2013–2020 (THOUSAND TON) 80
TABLE 36 SUMMARY OF POWDER COATING RESINS PROPERTIES 83
TABLE 37 COATING RESINS MARKET SIZE FOR POWDER COATINGS, BY REGION,  
2013–2020 (USD MILLION) 84
TABLE 38 COATING RESINS MARKET SIZE FOR POWDER COATINGS, BY REGION,  
2013–2020 (THOUSAND TON) 85
TABLE 39 COATING RESINS MARKET SIZE FOR HIGH SOLIDS, BY REGION, 
 2013–2020 (USD MILLION) 87
TABLE 40 COATING RESINS MARKET SIZE FOR HIGH SOLIDS COATINGS, BY REGION,  
2013–2020 (THOUSAND TON) 88
TABLE 41 COATING RESINS MARKET SIZE FOR RADIATION CURABLE COATINGS, BY REGION,  2013–2020 (USD MILLION) 91
TABLE 42 COATING RESINS MARKET SIZE FOR RADIATION CURABLE COATINGS, BY REGION,  2013–2020 (THOUSAND TON) 92
TABLE 43 COATING RESINS MARKET SIZE FOR OTHER EMERGING COATING TECHNOLOGIES,  BY REGION, 2013–2020 (USD MILLION) 93
TABLE 44 COATING RESINS MARKET SIZE FOR OTHER EMERGING COATING TECHNOLOGIES,  BY REGION, 2013–2020 (THOUSAND TON) 93
TABLE 45 COATING RESINS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 96
TABLE 46 COATING RESINS MARKET SIZE, BY APPLICATION, 2013–2020 (THOUSAND TON) 96
TABLE 47 COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY REGION,  2013–2020 (USD MILLION) 97
TABLE 48 COATING RESINS MARKET SIZE FOR ARCHITECTURAL COATINGS, BY REGION,  2013–2020 (THOUSAND TON) 97
TABLE 49 COATING RESINS MARKET SIZE FOR HIGH PERFORMANCE COATINGS, BY REGION,  2013–2020 (USD MILLION) 98
TABLE 50 COATING RESINS MARKET SIZE FOR HIGH PERFORMANCE COATINGS, BY REGION,  2013–2020 (THOUSAND TON) 98
TABLE 51 COATING RESINS MARKET SIZE FOR INDUSTRIAL COATINGS, BY REGION, 
2013–2020 (USD MILLION) 99
TABLE 52 COATING RESINS MARKET SIZE FOR GENERAL INDUSTRIAL COATINGS, BY REGION, 2013–2020 (THOUSAND TON) 100
TABLE 53 COATING RESINS MARKET SIZE FOR AUTOMOTIVE COATINGS, BY REGION,  
2013–2020 (USD MILLION) 100
TABLE 54 COATING RESINS MARKET SIZE FOR AUTOMOTIVE COATINGS, BY REGION,  
2013–2020 (THOUSAND TON) 101
TABLE 55 COATING RESINS MARKET SIZE FOR WOOD COATINGS, BY REGION,  
2013–2020 (USD MILLION) 101
TABLE 56 COATING RESINS MARKET SIZE FOR WOOD COATINGS, BY REGION,  
2013–2020 (THOUSAND TON) 102
TABLE 57 COATING RESINS MARKET SIZE FOR PACKAGING COATINGS, BY REGION,  
2013–2020 (USD MILLION) 102
TABLE 58 COATING RESINS MARKET SIZE FOR PACKAGING COATINGS, BY REGION,  
2013–2020 (THOUSAND TON) 103
TABLE 59 COATING RESINS MARKET SIZE FOR OTHER COATING APPLICATIONS, BY REGION,  2013–2020 (USD MILLION) 104
TABLE 60 COATING RESINS MARKET SIZE FOR OTHER COATING APPLICATIONS, BY REGION,  2013–2020 (THOUSAND TON) 104
TABLE 61 COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 108
TABLE 62 COATING RESINS MARKET SIZE, BY REGION, 2013–2020 (THOUSAND TON) 108
TABLE 63 ASIA-PACIFIC: COATING RESINS MARKET SIZE, BY RESIN TYPE,  
2013–2020 (USD MILLION) 111
TABLE 64 ASIA-PACIFIC: COATING RESINS MARKET SIZE, BY RESIN TYPE,  
2013–2020 (THOUSAND TON) 111
TABLE 65 ASIA-PACIFIC: COATING RESINS MARKET SIZE, BY TECHNOLOGY,  
2013–2020 (USD MILLION) 112
TABLE 66 ASIA-PACIFIC: COATING RESINS MARKET SIZE, BY TECHNOLOGY,  
2013–2020 (THOUSAND TON) 112
TABLE 67 ASIA-PACIFIC: COATING RESINS MARKET SIZE, BY APPLICATION, 
 2013–2020 (USD MILLION) 113
TABLE 68 ASIA-PACIFIC: COATING RESINS MARKET SIZE, BY APPLICATION, 
 2013–2020 (THOUSAND TON) 113
TABLE 69 ASIA-PACIFIC: COATING RESINS MARKET, BY COUNTRY, 
2013–2020 (USD MILLION) 114
TABLE 70 ASIA-PACIFIC: COATING RESINS MARKET, BY COUNTRY, 
2013–2020 (THOUSAND TON) 115
TABLE 71 WESTERN EUROPE: COATING RESINS MARKET, BY COUNTRY, 
2013–2020 (USD MILLION) 117
TABLE 72 WESTERN EUROPE: COATING RESINS MARKET, BY COUNTRY,  
2013–2020 (THOUSAND TON) 117
TABLE 73 WESTERN EUROPE: COATING RESINS MARKET SIZE, BY RESIN TYPE,  
2013–2020 (USD MILLION) 118
TABLE 74 WESTERN EUROPE: COATING RESINS MARKET SIZE, BY RESIN TYPE,  
2013–2020 (THOUSAND TON) 118
TABLE 75 WESTERN EUROPE: COATING RESINS MARKET SIZE, BY TECHNOLOGY,  
2013–2020 (USD MILLION) 119
TABLE 76 WESTERN EUROPE: COATING RESINS MARKET SIZE, BY TECHNOLOGY,  
2013–2020 (THOUSAND TON) 119
TABLE 77 WESTERN EUROPE: COATING RESINS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 120
TABLE 78 WESTERN EUROPE: COATING RESINS MARKET SIZE, BY APPLICATION,  
2013–2020 (THOUSAND TON) 120
TABLE 79 NORTH AMERICA: COATING RESINS MARKET SIZE, BY COUNTRY, 
 2013–2020 (USD MILLION) 124
TABLE 80 NORTH AMERICA: COATING RESINS MARKET SIZE, BY COUNTRY,  
2013–2020 (THOUSAND TON) 124
TABLE 81 NORTH AMERICA: COATING RESINS MARKET SIZE, BY RESIN TYPE,  
2013–2020 (USD MILLION) 125
TABLE 82 NORTH AMERICA: COATING RESINS MARKET SIZE, BY RESIN TYPE,  
2013–2020 (THOUSAND TON) 125
TABLE 83 NORTH AMERICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY,  
2013–2020 (USD MILLION) 126
TABLE 84 NORTH AMERICA: COATING RESINS MARKET SIZE, BY TECHNOLOGY,  
2013–2020 (THOUSAND TON) 126
TABLE 85 NORTH AMERICA: COATING RESINS MARKET SIZE, BY APPLICATION, 
 2013–2020 (USD MILLION) 127
TABLE 86 NORTH AMERICA: COATING RESINS MARKET SIZE, BY APPLICATION,  
2013–2020 (THOUSAND TON) 127
TABLE 87 ROW: COATING RESINS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 129
TABLE 88 ROW: COATING RESINS MARKET, BY COUNTRY, 2013–2020 (THOUSAND TON) 129
TABLE 89 ROW: COATING RESINS MARKET SIZE, BY RESIN TYPE, 2013–2020 (USD MILLION) 130
TABLE 90 ROW: COATING RESINS MARKET SIZE, BY RESIN TYPE, 
2013–2020 (THOUSAND TON) 130
TABLE 91 ROW: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 
2013–2020 (USD MILLION) 131
TABLE 92 ROW: COATING RESINS MARKET SIZE, BY TECHNOLOGY, 
2013–2020 (THOUSAND TON) 131
TABLE 93 ROW: COATING RESINS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 132
TABLE 94 ROW: COATING RESINS MARKET SIZE, BY APPLICATION, 
2013–2020 (THOUSAND TON) 132
TABLE 95 INVESTMENTS & EXPANSIONS, 2012–2014 139
TABLE 96 MERGERS & ACQUISITIONS, 2011–2013 140
TABLE 97 NEW PRODUCT LAUNCHES, 2012–2014 141
TABLE 98 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES, 
2011–2014
“
“LIST OF FIGURES

FIGURE 1 COATING RESINS: RESEARCH DESIGN 20
FIGURE 2 BOTTOM-UP APPROACH 24
FIGURE 3 TOP-DOWN APPROACH 25
FIGURE 4 RESEARCH METHODOLOGY: DATA TRIANGULATION 26
FIGURE 5 ACRYLIC COATING RESINS PROJECTED TO REGISTER THE HIGHEST GROWTH, 2015–2020 30
FIGURE 6 HIGH PERFORMANCE COATING APPLICATIONS FOR COATING RESINS PROJECTED TO REGISTER THE HIGHEST GROWTH, 2015–2020 30
FIGURE 7 COATING RESINS FOR WATERBORNE COATINGS PROJECTED TO REGISTER THE HIGHEST GROWTH, 2015–2020 31
FIGURE 8 ASIA-PACIFIC DOMINATED THE COATING RESIN MARKET WITH HIGHEST SHARE IN
 2014 32
FIGURE 9 COATING RESINS MARKET PROJECTED TO REGISTER MODERATE CAGR BETWEEN 2015 AND 2020 33
FIGURE 10 ACRYLIC COATING RESINS TO REGISTER FASTEST GROWTH RATE BETWEEN  
2015 AND 2020 34
FIGURE 11 ARCHITECTURAL COATINGS ACCOUNTS FOR THE LARGEST DEMAND OF COATING RESINS IN ASIA-PACIFIC MARKET 35
FIGURE 12 ASIA-PACIFIC ESTIMATED TO ACCOUNT FOR BIGGEST SHARE OF MARKET IN 2015 36
FIGURE 13 COATING RESINS MARKET TO WITNESS FASTER GROWTH IN DEVELOPING NATIONS BETWEEN 2015 AND 2020 37
FIGURE 14 ROW TO WITNESS HIGH GROWTH BETWEEN 2015 AND 2020 38
FIGURE 15 COATING RESINS MARKET IN HIGH PERFORMANCE COATINGS TO WITNESS HIGHEST GROWTH BETWEEN 2015 AND 2020 39
FIGURE 16 ASIA-PACIFIC TO WITNESS HIGHEST GROWTH RATE 40
FIGURE 17 COATING RESINS TYPES AND THEIR END-USE APPLICATIONS 41
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE COATING RESINS INDUSTRY 43
FIGURE 19 COATING RESINS: VALUE CHAIN ANALYSIS 49
FIGURE 20 VALUE CHAIN ANALYSIS (COATING RESINS): COST POINTS IN DIFFERENT SEGMENTS 50
FIGURE 21 COST BREAKDOWN OF COATING RESINS 51
FIGURE 22 COATING RESINS ARE PRIMARILY CRUDE-OIL BASED 51
FIGURE 23 FLUCTUATIONS IN THE PRICE OF CRUDE OIL, 2011–2014 52
FIGURE 24 PRICE TREND OF ETHYLENE AND BENZENE FOR THE YEAR 2014 52
FIGURE 25 ACRYLIC COATING RESINS WILL CONTINUE TO DOMINATE THE MARKET TILL 2020 59
FIGURE 26 COATING RESINS MARKET SHARE, BY TECHNOLOGY AND REGION  
(THOUSAND TON), 2014 74
FIGURE 27 WATERBORNE COATINGS: TYPES 76
FIGURE 28 DRIVERS AND RESTRAINTS: WATERBORNE COATINGS 77
FIGURE 29 POWDER COATING: TYPES 81
FIGURE 30 DRIVERS AND RESTRAINTS: POWDER COATINGS 84
FIGURE 31 HIGH SOLIDS COATINGS: TYPES 86
FIGURE 32 DRIVERS AND RESTRAINTS: HIGH-SOLIDS COATINGS 87
FIGURE 33 RADIATION CURE COATINGS: TYPES 89
FIGURE 34 DRIVERS AND RESTRAINTS: RADIATION CURE COATINGS 91
FIGURE 35 MAIN DRIVERS OF END-USE INDUSTRIES 95
FIGURE 36 REGIONAL SNAPSHOT – RAPID GROWTH MARKETS ARE EMERGING AS NEW HOT SPOTS 106
FIGURE 37 ASIA-PACIFIC – AN ATTRACTIVE DESTINATION FOR ALL COATING TECHNOLOGIES 107
FIGURE 38 FUTURE GROWTH FOR COATING RESINS APPLICATIONS CENTERED IN ASIA-PACIFIC 107
FIGURE 39 ASIA-PACIFIC MARKET SNAPSHOT— DEMAND WILL BE DRIVEN BY INCREASING CONSTRUCTION ACTIVITY AND GROWTH OF AUTOMOBILE INDUSTRY 110
FIGURE 40 ASIA-PACIFIC LIGHT-VEHICLE SALES 2013–2018: CHINA THE DRIVING FORCE BEHIND RAPID EXPANSION IN LIGHT-VEHICLE SALES 114
FIGURE 41 NORTH AMERICA MARKET SNAPSHOT: DEMAND EXPECTED TO BE DRIVEN 
BY ARCHITECTURAL AND AUTOMOTIVE COATINGS 123
FIGURE 42 INVESTMENTS & EXPANSIONS:THE KEY GROWTH STRATEGY ADOPTED 
BY COMPANIES, BETWEEN 2010 AND 2014 135
FIGURE 43 MARKET EVALUATION FRAMEWORK: SIGNIFICANT INVESTMENTS & EXPANSIONS HAS FUELED GROWTH AND INNOVATION, 2011-2014 136
FIGURE 44 BATTLE FOR DEVELOPMENTAL SHARE: INVESTMENTS & EXPANSIONS WAS THE KEY STRATEGY 137
FIGURE 45 THE DOW CHEMICAL COMPANY LEADS WITH THE HIGHEST MARKET SHARE, 2014 138
FIGURE 46 REGIONAL REVENUE MIX OF TOP 5 MARKET PLAYERS 143
FIGURE 47 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT 144
FIGURE 48 THE DOW CHEMICAL COMPANY: SWOT ANALYSIS 146
FIGURE 49 MOMENTIVE SPECIALTY CHEMICALS INC.: COMPANY SNAPSHOT 148
FIGURE 50 MOMENTIVE SPECIALTY CHEMICALS INC.: SWOT ANALYSIS 150
FIGURE 51 ROYAL DSM N.V.: COMPANYSNAPSHOT 152
FIGURE 52 ROYAL DSM N.V.: SWOT ANALYSIS 155
FIGURE 53 BASF SE: COMPANY SNAPSHOT 156
FIGURE 54 BASF SE: SWOT ANALYSIS 158
FIGURE 55 ALLNEX BELGIUM S/A: SWOT ANALYSIS 161
FIGURE 56 ARKEMA SA: COMPANY SNAPSHOT 162
FIGURE 57 ARKEMA S.A.: SWOT ANALYSIS 165
FIGURE 58 NUPLEX INDUSTRIES LTD.: COMPANY SNAPSHOT 166
FIGURE 59 NUPLEX INDUSTRIES LTD.: SWOT ANALYSIS 168
FIGURE 60 BAYER AG: COMPANY SNAPSHOT 170
FIGURE 61 BAYER AG: SWOT ANALYSIS 172
FIGURE 62 PCCR USA INC.: SWOT ANALYSIS 175
FIGURE 63 THE VALSPAR CORPORATION: COMPANY SNAPSHOT 187
FIGURE 64 THE VALSPAR CORPORATION: SWOT ANALYSIS 189
FIGURE 65 PCCR USA INC.: SWOT ANALYSIS
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