About Natural Resin Paints
Natural resin paints are applicable on interior walls and ceilings in public facilities, homes, offices and others. It is a natural resin emulsion paint which has excellent functional and working properties. The natural resin paints also provides the matt finish and healthy interior design. Furthermore, it is made from renewable plant based raw materials and give human tolerability and environmental capability. These paints are used for decoration, protect and prolong the life of natural and synthetic materials. Also, it shows better heat and fire resistant to heat and fire. These properties are increasing the demand of natural resin paints.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Natural resin paint consists of major players who are looking for development of new products and to supply the products in various geographic regions through mergers and acquisitions. The emerging economies are to estimate positive growth due to the factors such as rising disposable income and construction activities in upcoming years. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Natural Resin Paints market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PPG Industries (United States), Sherwin-Williams (United States), Berger Paints (India), Hempel (Denmark), RPM International (United States), Asian Paints (India), Akzo Nobel (Netherlands), Valspar (United States), BASF (Germany) and Nippon Paint (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are DAW SE (Germany), Axalta Coating Systems LLC (United States), Jotun (Norway) and Kansai Paint (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Natural Resin Paints market by , Application (Offices, Homes, Public facilities and Others) and Region.
On the basis of geography, the market of Natural Resin Paints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Natural resins types, the sub-segment i.e. Copal will boost the Natural Resin Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyles of Consumers
Market Growth Drivers:
Growing Restrictions on Paints Produced from Synthetic Resin and Benefits Such as Low Impact on the Environment and Less Harmful for Health is Fueling the Market Growth
Challenges:
Lack of Awareness among the Consumers
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Increasing Urbanization in Developing Economies and Rising Disposable Income in Emerging Economies
Market Leaders and their expansionary development strategies
In June 2019, RPM has acquired Schul international company LLC which is a manufacturer of joint sealant for commercial construction. This acquisition will strengthen the position of company in impregnated foam tape technology., and In July 2022, DIC Corporation announced its wholly owned subsidiary DIC (China) Co., Ltd., (hereafter, DIC) wholly acquired Chinese coating resins manufacturer Guangdong TOD New Materials Co., Ltd.This acquisition supports ongoing DIC Corporation efforts to expand its Asian market coating resins capacity, focused particularly on China—the world's largest coating resins market. In China, DIC operates two coating resins manufacturing centers—in Zhongshan and Zhangjiagang—to meet local market demand. However, both DIC manufacturing centers are operating near full production capacity with little room for greater expansion.
In November 2021, Covestro has launched Decovery SP-8310: a 37 percent bio-based, breathable, multi-purpose resin to enable exterior coatings with improved outdoor durability and enhanced bio-based content. the new solution addresses the decorative coating market’s need for longer-lasting outdoor coatings with a lower environmental impact.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.