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Southeast Asia Resins in Paints and Coatings Market Outlook and Forecast 2024-2030

The Southeast Asia Resins in Paints and Coatings market size was valued at US$ 3.75 billion in 2024 and is projected to reach US$ 5.28 billion by 2030, at a CAGR of 5.9% during the forecast period 2024-2030.




Resins in Paints and Coatings are polymeric materials that serve as binders, providing adhesion, durability, and other essential properties to paint and coating formulations, playing a crucial role in determining the performance characteristics of the final product.

The Southeast Asia Resins in Paints and Coatings market is experiencing steady growth, driven by expanding construction activities, growing automotive production, and increasing demand for high-performance coatings across various industries in the region. In 2023, total consumption of resins in paints and coatings in Southeast Asia reached approximately 1.8 million metric tons, with Indonesia, Thailand, and Vietnam accounting for 65% of regional demand. The architectural coatings sector remains the largest consumer, representing 50% of demand, followed by industrial coatings at 30% and automotive coatings at 15%. The market benefited from the recovery of construction projects and infrastructure development, leading to a 12% increase in demand for waterborne acrylic resins in 2023. Acrylic resins dominate the market with a 40% share, followed by polyurethane at 25%, epoxy at 20%, and other specialty resins at 15%. Technological advancements have focused on developing low-VOC formulations, improving durability, and enhancing application properties. New resin systems offer up to 35% lower VOC emissions and 20% better weathering resistance compared to 2020 standards. The market is witnessing strong growth in bio-based and hybrid resin technologies, increasing at 10% annually, driven by sustainability initiatives and regulatory pressures. In 2023, the trend towards smart coatings led to a 15% increase in the adoption of specialty resins for self-healing and anti-microbial properties. The industry faces challenges from raw material price volatility and competition from alternative coating technologies, but ongoing innovations in resin chemistry are addressing these issues. Emerging applications in 3D-printable coatings and electronic materials are showing significant promise, with specialized resins for these sectors growing at 18% CAGR, albeit from a small base of 3% market share. Looking ahead, the market is expected to benefit from advancements in nano-engineered resins and smart coating technologies, with next-generation binders offering enhanced functionalities projected to grow at 12% CAGR through 2030.


Report Includes


This report is an essential reference for who looks for detailed information on Southeast Asia Resins in Paints and Coatings. The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors¡¯ information. In addition to the data part, the report also provides overview of Resins in Paints and Coatings, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.




This report aims to provide a comprehensive presentation of the Southeast Asia Resins in Paints and Coatings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Resins in Paints and Coatings. This report contains market size and forecasts of Resins in Paints and Coatings in Southeast Asia, including the following market information:

We surveyed the Resins in Paints and Coatings manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.


Total Market by Segment:

by Country


•    Thailand

•    Indonesia

•    Vietnam

•    Malaysia

•    Philippines

•    Singapore

•    Myanmar

by Products type:


•    Natural Resin

•    Synthetic Resin

by Application:


•    Architectural

•    Automotive

•    Packaging

•    Wood

•    Other

key players include: (At least 8-10 companies included)


•    Nippon Paint (Singapore) Co Pte Ltd

•    Jotun (Malaysia) Sdn Bhd

•    Berger International Private Limited

•    Akzo Nobel Paints (Malaysia) Sdn Bhd

•    PT Propan Raya ICC (Indonesia)

•    Kansai Paint Co., Ltd. (Southeast Asia)

•    TOA Paint (Thailand) Co., Ltd.

•    PT. ICI Paints Indonesia

•    Siam Chemical Industry Co., Ltd. (Thailand)

•    DuluxGroup (Singapore) Pte Ltd


Including or excluding key companies relevant to your analysis.

Competitor Analysis


The report also provides analysis of leading market participants including:

•    Key companies Resins in Paints and Coatings revenues in Southeast Asia market, 2019-2024 (Estimated), ($ millions)

•    Key companies Resins in Paints and Coatings revenues share in Southeast Asia market, 2023 (%)

•    Key companies Resins in Paints and Coatings sales in Southeast Asia market, 2019-2024 (Estimated),

•    Key companies Resins in Paints and Coatings sales share in Southeast Asia market, 2023 (%)


Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Southeast Asia and country-wise market of Resins in Paints and Coatings

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Resins in Paints and Coatings capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Resins in Paints and Coatings manufacturers

•    Resins in Paints and Coatings forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us


Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.


Table of content


1 Market Overview    


1.1 Product Overview and Scope of Resins in Paints and Coatings 


1.2 Segment by Type    


1.2.1 Southeast Asia Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030    1.2.2 Natural Resin    1.2.3 Synthetic Resin

1.3 Segment by Application  


1.3.1 Southeast Asia Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030    1.3.2    Architectural1.3.3    Automotive1.3.4    Packaging1.3.5    Wood1.3.6    Other1.4 Southeast Asia Market Growth Prospects    1.4.1 Southeast Asia Revenue Estimates and Forecasts (2019-2030)    1.4.2 Southeast Asia Production Estimates and Forecasts (2019-2030)  


2 Southeast Asia Growth Trends    


2.1 Industry Trends    2.1.1 SWOT Analysis    2.1.2 PESTEL Analysis    2.1.3 Porter’s Five Forces Analysis    2.2 Potential Market and Growth Potential Analysis  

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