The nitrocellulose is the leading resin type used in the market and is anticipated to continue its dominance over the assessment period. It is extensively used on labels, plastic bags, and invoice in the packaging sector. Moreover, its growing consumption in end-use applications is set to drive the market in the next couple of years. It is projected that the polyamide resin segment is set to grow at a significant rate owing to its extraordinary features such as adhesion, glossy finish, low freezing point, and solvent release. The market by technology is classified further into solvent-based and water-based. In these segments, solvent-based is leading the technology segment in the market on account of its fast evaporation and ease of application.