The Global Resins in Paints and Coatings Market was valued at USD 42.34 Billion in 2024 and is projected to reach USD 56.78 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period (2024–2030). This expansion is fueled by booming construction activity, rising automotive production, and accelerating demand for sustainable, low-VOC coating solutions across industrial and consumer sectors.
As environmental regulations tighten and manufacturers prioritize eco-friendly formulations, the industry spotlight falls on resin producers developing next-generation polymer technologies. In this analysis, we examine the Top 10 Companies in the Resins for Paints and Coatings Industry—global chemical leaders and specialty material innovators shaping the future of surface coatings.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: Acrylic, Epoxy, Polyurethane Resins
BASF maintains its position as the world’s largest chemical producer with a comprehensive resin portfolio. Its Performance Materials division supplies binders for architectural, automotive, and industrial coatings globally, with strong R&D in water-based technologies.
Sustainability Initiatives:
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Bio-based acrylic resins under the Acrodur® brand
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Closed-loop recycling programs for coating resins
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Target of 60% sustainable solutions by 2025
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9️⃣ 2. Dow Chemical Company
Midland, Michigan, USA
Key Offering: EVOQUE™, Primal™ Acrylics, Cellosize™
Dow’s Coating Materials division delivers innovative resin technologies that enhance durability and sustainability. The company leads in latex binder development with 12 global production sites and recently expanded bio-based epoxy capacities in Asia.
Sustainability Initiatives:
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EVOQUE™ technology reduces TiO2 usage by 20% in formulations
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Carbon-negative production roadmap by 2030
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42% of sales from sustainable products in 2023
8️⃣ 3. Arkema Group
Headquarters: Colombes, France
Key Offering: Encor® Acrylics, Synaqua® Hybrids, Sartomer® Oligomers
Arkema ranks as Europe’s second-largest coating resin supplier with a focused portfolio for high-performance applications. The company operates 40+ production sites globally and holds 150+ patents in resin technologies.
Sustainability Initiatives:
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Target of 50% renewable-content resins by 2030
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Global leader in powder coating resins with 18% market share
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Launched first bio-based acrylic resins in 2021
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7️⃣ 4. Allnex
Headquarters: Frankfurt, Germany
Key Offering: EBECRYL® Radcure, SETALUX® Polyesters, CRYLCOAT® Powders
This pure-play resin company specializes in environmentally friendly coating technologies with 35 manufacturing facilities worldwide. Allnex holds particularly strong positions in radiation-cure and powder coating resins.
Sustainability Initiatives:
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100% of new product development now focused on sustainable chemistries
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Zero-VOC Ultra UV-cure resins commercially available
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18% reduction in CO2 emissions since 2019
6️⃣ 5. Covestro
Headquarters: Leverkusen, Germany
Key Offering: Desmodur® Polyisocyanates, Bayhydrol® Waterborne Polyurethanes
Covestro leads in polyurethane-based coating resins with particular strength in automotive OEM applications. The company has invested $1.2 billion in sustainability initiatives since 2020.
Sustainability Initiatives:
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Patented CO2-based polyols commercialized under cardyon® brand
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50% climate-neutral production targeted by 2025
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Waterborne polyurethane dispersions growing at 15% annually
5️⃣ 6. Hexion
Headquarters: Columbus, Ohio, USA
Key Offering: Epi-Rez® Epoxies, Arotran® Polyesters, Hydropol® Waterborne Resins
Hexion dominates the protective coatings segment with its epoxy resin systems, particularly for marine and industrial applications. The company operates 50 manufacturing sites serving 100+ countries.
Sustainability Initiatives:
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Bio-based epoxy curing agents commercialized in 2022
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Formaldehyde-free resins now represent 35% of portfolio
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45% energy intensity reduction since 2015
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4️⃣ 7. Evonik Industries
Headquarters: Essen, Germany
Key Offering: DYNAPOL® Polyesters, TEGO® Additives, VESTANAT® Isocyanates
Evonik specializes in high-value additive and resin technologies with a focus on performance coatings. The company invests approximately $500 million annually in R&D across its businesses.
Sustainability Initiatives:
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REACH-compliant resin systems covering 100% of portfolio
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Bio-circular raw materials used in 30% of production
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Strategic focus on waterborne polyurethane dispersions
3️⃣ 8. Mitsui Chemicals
Headquarters: Tokyo, Japan
Key Offering: OLESTER® Polyols, TAFMER® Polymer Modifiers, TPX™ Polymethylpentene
Mitsui leads the Asian specialty resins market with customized solutions for regional manufacturers. The company has expanded its waterborne PUD capacity by 40% in the past three years.
Sustainability Initiatives:
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Chemical recycling technologies deployed at 4 production sites
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40 biomass-balance certified products as of 2023
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20% reduction targets for greenhouse gas emissions by 2025
2️⃣ 9. DSM (now part of Covestro)
Headquarters: Heerlen, Netherlands
Key Offering: URALAC® Powder Resins, NEOXIL® Alkyds, DECOFLUX® Flow Additives
The former DSM resin business remains a technology leader in powder coatings and radiation-cure systems post-acquisition. The division maintains strong positions in appliance and architectural coatings.
Sustainability Initiatives:
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Breakthrough low-temperature cure (140°C) powder resins
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Cradle-to-cradle certified products since 2018
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50% bio-based polyester resins for powder coatings
1️⃣ 10. Lubrizol
Headquarters: Wickliffe, Ohio, USA
Key Offering: Carbopol® Rheology Modifiers, Estane® TPUs, ISOCARB® Carboxylated Polyols
Lubrizol specializes in performance-enhancing resin technologies with 70 years of formulation expertise. The company holds over 1,200 active patents in polymer science.
Sustainability Initiatives:
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30% renewable-content specialty resins launched in 2022
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High-performance waterborne systems growing at 25% annually
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Self-healing coating technologies in advanced development
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Global Resins in Paints and Coatings Market – View in Detailed Research Report
🌍 Outlook: The Future of Coating Resins is Smarter and More Sustainable
The coatings resin market faces transformative changes as environmental regulations tighten globally. By 2025, waterborne technologies are projected to represent 45% of the market by volume, while powder coatings grow at 8% annually.
📈 Key Trends Shaping the Market:
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Rapid adoption of bio-based and recycled content resins expected to reach 30% market share by 2030
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Smart functional coatings with self-healing, antimicrobial, and temperature-responsive properties entering commercialization
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Chemical recycling technologies enabling circular resin production at commercial scale
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Vertical integration increasing as resin producers expand into formulation chemistry
The industry leaders profiled above aren’t just supplying raw materials—they’re developing the innovative polymer technologies enabling the next generation of high-performance, sustainable coatings across global markets.
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