Coating Resins Market Analysis- Size, Share, Growth, Trends and Forecasts, 2014 To 2020: Grand View Research

Global coating resins market is expected to grow significantly over the forecast period on account of increasing demand from automotive industry. Automotive industry mainly uses original equipment manufacturer (OEM) coatings for light & heavy duty commercial vehicles and passenger cars. Coating resins demand in automotive sector is increasing on account of growing refinish automobile coatings. Increasing OEM coatings demand coupled with changing consumer preference towards branded coatings is expected to foster coating resins market over the forecast period. Coating resins demand in building and construction industry is anticipated to grow at a rapid rate owing to increasing residential and commercial constructions particularly in emerging economies such as India, Indonesia and Brazil. These specialty coatings are being extensively utilized in roadway networks prompt markings for proper safety signage usage such as lane changing signs and zebra crossings. The coated roadway markings of
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