Global Hydroxy Functional Resins Market Insight

The Hydroxy Functional Resins is forecast to smooth over the next few years. According to the WK-chem Research “Global Hydroxy Functional Resins Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the paint industry，the Hydroxy Functional Resins industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 3.50%.

Analysts’ Viewpoint:

Hydroxy functional resins refer to resins with hydroxy group connected on the molecular chain. After reaction with crosslinking agents like Melamine, the hydroxy functional resins possess good performance of chemical resistance and physical properties, making it advantageous to be used as coating in automotive, aerospace and furniture industry, etc. The most commonly used hydroxy functional resins are hydroxyl acrylic resin and hydroxyl polyester resin. With the application of various terminal industries, the market will be stable during the forecast period.

Market insight:

The increasing demand from the coatings industry and its wide application in various industries such as automotive, furniture, and electrical is proving to be a key driving factor for the market growth. Rapid expansion of the automotive industry is a key factor driving the global hydroxyl functional resin market. Growing awareness of the importance of sustainability and manufacturers' focus on producing eco-friendly products is driving the growth of the market. Increasing demand from the construction and marine industries is also a driving factor for market expansion, as these resins, when blended with other resins, can be a key ingredient in flame retardant coatings and improve weatherability and clarity.

Competition Landscape:

This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Hydroxy Functional Resins companys that include BASF，Arkema，DuPont，Evonik，Gellner Industrial，Allnex，Elementis，Sanmu，TaiChang Resin，Dongsheng .etc.

Segmentation of Hydroxy Functional Resins Market:

On the basis of product type, the market is largely segmented into hydroxy acrylic resins and hydroxy polyester resins. The hydroxy acrylic resin segment is expected to witness significant growth during the target period owing to its wide application in various industries including the automotive and construction industries. It has hydroxyl groups with a high degree of freedom and is highly reactive. Can be used to change the properties of various polymers. , used as a raw material for adhesives, can improve adhesive strength, correction and durability, and is most suitable for raw materials such as polyurethane resins. On the basis of application, the market is segmented into metal coatings, plastic coatings, glass coatings, and others. Metal coatings are the largest segment expected to witness substantial growth over the target period owing to widespread adoption in the automotive and construction industries. Metallic coatings can be electroplated, chemically or mechanically sprayed using a sprayer. These coatings are suitable for equipment requiring a glossy or glossy appearance and protection from sunlight, corrosion and oxidation.

Hydroxy Functional Resins Market: Regional Analysis

In terms of geography, the global Hydroxy Functional Resins market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific currently holds the largest share of the global market owing to the high construction activity in industrial and commercial buildings and the expansion of the automotive market and is expected to witness significant growth over the forecast period, mainly due to the growth of automotive in emerging economies such as India and China The market keeps growing. The importance of Chinese cars in the global auto market is also growing. Since entering the new century, China's automobile industry has developed rapidly and has become a pillar industry of the national economy. As a good automotive coating, hydroxyl functional resin is expected to increase significantly in the Chinese market.

Cagr: 3.50%

Largest share area：Asia-Pacific

largest share country：China

Product Type：hydroxy acrylic resins and hydroxy polyester resins

Application：metal coatings, plastic coatings, glass coatings, and othersLeading Company：BASF，Arkema，DuPont，Evonik，Gellner Industrial