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The market value of coating resins is bullish

 Last Update: 2021-08-06
 Source: Internet
 Author: User

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powder coating galvanized steel

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Recently, some market participants pointed out that the global coating resin market is expected to reach approximately 42.
4 billion U.
S.
dollars in 2021, and it will reach 51.
4 billion U.
S.
dollars by 2026, showing a good development trend
.

Industry insiders pointed out that powder coatings and coating technology are one of the driving factors for the development of the coating resin market
.

The continuous development of powder coatings and coating technologies such as thin coating construction, light curing, and low temperature curing, as well as the improvement of curing processes on a variety of substrates, have increased the application of powder coatings year by year

It is understood that factors such as the shortage of resin raw materials, the imbalance of supply and demand, and the competitive demand for resin in other industries have caused the fluctuation of resin prices, which has also promoted the production of some resin alternative technologies
.

This is more obvious in Europe

The Asia-Pacific region is the fastest growing region for coating resins, and it has also attracted resin companies to build factories in the region, expand their global business, and provide better services to users in the region

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