MarketsandMarkets’ report, "Coating Resins Market by Resin Type (Acrylic, Alkyd, Polyurethane, Vinyl, Epoxy), Technology (Waterborne, Solventborne), Application (Architectural, General Industrial, Automotive, Wood, Packaging) and Region - Global Forecast to 2027," projects the market to grow from $53.9 billion in 2022 to $70.9 billion by 2027, at a CAGR of 5.7% between 2022 and 2027.

Architectural is the fastest-growing segment of the overall coating resins market.
The drivers for the global architectural coatings market are the general economic trends and construction activities. The global construction market is expected to reach $15.2 trillion in 2030.

China is the largest coating resins market in Asia Pacific during the forecast period.
China is the world’s largest producer and consumer of coatings. Many major players are investing in the country to build new manufacturing facilities due to the availability of cost-effective labor and raw materials

In 2022, prices of raw materials continue to increase but not at the rate that they were increasing in 2021. Raw material prices for paint & coatings remain about 15% above the level that the historical correlation with oil prices would suggest. The supply of raw materials is improving, but freight and labor remain problematic, especially in the US.