The market for architectural coatings led the global coating resins application market in 2013, but analysts expect the industrial and
proactive coatings market to report the highest development between 2014 and 2020. In addition, the building and construction industry is
poised to emerge as the biggest end user for coating resins during the forecast period.
The coating resins markets in North America and Asia Pacific regions has witnessed the highest growth in recent times among other
regional markets. The rising number of strategic initiatives taken by both the markets to efficiently capitalize on the existing opportunities
have triggered the growth in these markets. The Asia Pacific coating resins market leads the global market at present.
The future of the global coating resins market looks thriving. However, the volatility of the raw material prices, coupled with the availability of
substitutes in abundance, is likely to hamper the growth of this market during the forecast period.
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