#Automotive paints and coatings market share

[chemicalsmaterialsnews]

Revolutionizing Automotive Aesthetics The Automotive Paints and Coatings Market

Introduction: A Splash of Color and Protection

The automotive paints and coatings market is more than just colors on cars; it's a dynamic industry driving innovation in aesthetics, durability, and environmental sustainability. This article delves into the diverse landscape of automotive coatings, exploring its evolution, trends, and transformative impact on vehicle aesthetics and performance.

Exploring Automotive Paints and Coatings

Understanding Automotive Coatings

Automotive coatings encompass a wide range of products designed to enhance the appearance of vehicles while providing protection against corrosion, UV radiation, and environmental contaminants. These coatings are applied to various vehicle components, including exteriors, interiors, wheels, and underbodies, to achieve desired visual effects and performance characteristics.

Types of Automotive Paints

Basecoat: Basecoat paints consist of pigmented layers applied to the vehicle's surface to provide color and coverage. These paints are available in a myriad of hues and finishes, including metallic, pearl, and matte, allowing for customization and personalization according to consumer preferences.

Clearcoat: Clearcoat paints, also known as topcoats, serve as a protective layer over the basecoat, enhancing gloss, depth, and durability. These transparent coatings provide resistance against scratches, chips, and fading caused by sunlight and environmental factors, ensuring long-lasting shine and luster.

Primer: Primer paints are applied to bare metal or repaired surfaces to promote adhesion and corrosion resistance before the application of basecoat and clearcoat layers. These preparatory coatings provide a smooth and uniform surface for subsequent paint layers, ensuring optimal performance and finish quality.

Market Dynamics and Growth Trends

Technological Advancements

The automotive paints and coatings market is witnessing significant technological advancements, with innovations such as water-based paints, eco-friendly coatings, and self-healing materials gaining traction. These advancements address consumer demands for sustainable, low-VOC (volatile organic compound) solutions while delivering superior performance and durability.

Customization and Personalization

Consumers are increasingly seeking customized paint finishes and specialty coatings to differentiate their vehicles and express their individuality. Automotive OEMs and aftermarket suppliers offer a wide range of color options, effects, and textures, catering to diverse tastes and style preferences in the automotive market.

Applications and Use Cases

OEM Automotive Manufacturing

Automotive manufacturers utilize advanced paint systems and robotic painting technologies to achieve precise color matching, uniform coverage, and high-quality finishes during vehicle assembly. These automated painting processes enhance productivity, consistency, and cost efficiency in automotive production.

Automotive Refinishing and Restoration

Automotive refinishing shops and restoration specialists employ professional paint systems and refinishing techniques to repair and restore vehicle finishes damaged by accidents, corrosion, or aging. These services include color matching, surface preparation, paint application, and finishing, ensuring factory-like results and customer satisfaction.

Challenges and Opportunities

Environmental Regulations

Stringent environmental regulations and emissions standards pose challenges for automotive coatings manufacturers, driving the development of eco-friendly formulations and sustainable production practices. Companies are investing in R&D to reduce VOC emissions, hazardous waste generation, and environmental impact throughout the product lifecycle.

Innovation and Differentiation

In a competitive market, innovation and product differentiation are critical for automotive coatings manufacturers to stay ahead of the curve and meet evolving consumer demands. Companies are investing in advanced technologies, such as nanotechnology, ceramic coatings, and UV-curable paints, to develop high-performance coatings with unique properties and benefits.

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Top Companies in the Global Automotive Paints & Coatings Market

Top Companies in the Global Automotive Paints & Coatings Market

2022: Automotive Paints and Coatings Market Share Competition Analysis The design, texture, and appearance of automobiles attract a large number of consumers, and mostly these consumers are shifting their preference towards better color appearances of the vehicles. Coatings manufacturers provide the color of the year shades for exterior looks or appearances to have a significant marketing agenda…

[mordormr]

Europe Automotive Paints and Coatings Industry: A Spectrum of Innovation and Sustainability

The European automotive paints and coatings market is experiencing significant growth as it adapts to evolving environmental regulations and consumer demands. The Europe automotive paints and coatings market size is projected to be valued at USD 4.96 billion in 2024 and is anticipated to reach USD 5.76 billion by 2029, with a compound annual growth rate (CAGR) of 3% over the forecast period (2024-2029).

Market Overview:

The European automotive paints and coatings industry is highly advanced, driven by the region’s strong automotive manufacturing sector and strict environmental regulations. From luxury cars to commercial vehicles, manufacturers rely on high-performance coatings to ensure durability and maintain the vehicle’s aesthetic over time.

Key Drivers of Growth:

Environmental Regulations: The push for sustainability is driving the adoption of eco-friendly coatings, such as water-based and powder coatings. Regulations focused on reducing volatile organic compounds (VOCs) are influencing manufacturers to invest in green technologies.

Automotive Industry Growth: Europe, being a hub for luxury car manufacturers, is witnessing increasing demand for premium-quality finishes, driving innovations in the automotive paints and coatings sector.

Technological Advancements: The market is benefiting from innovations in coating materials, such as nano-coatings, which offer enhanced durability and scratch resistance, and self-healing coatings that can repair minor surface damage.

Electric Vehicle (EV) Boom: As Europe accelerates its transition to electric vehicles, the demand for specialized coatings that address the unique thermal and electrical needs of EVs is on the rise.

Emerging Trends in the European Market:

Sustainability and Eco-Friendly Solutions: Automotive paint manufacturers are increasingly focused on developing low-VOC and solvent-free coatings to meet stringent environmental standards in Europe. Green coatings are gaining traction as they reduce emissions and pollution without compromising performance.

Customization and Aesthetics: Consumers are showing a growing interest in personalized and high-quality vehicle finishes. As a result, the demand for custom colors, metallic finishes, and smart coatings that change colors is increasing.

Increased Focus on Lightweighting: With automakers looking to reduce vehicle weight to improve fuel efficiency, the demand for lightweight, durable coatings that can adhere to modern lightweight materials such as aluminum and carbon fiber is rising.

Corrosion Protection: Advanced coatings that provide long-lasting corrosion resistance, especially in harsh climates, are seeing high demand from automotive manufacturers.

Future Outlook:

As the European automotive market continues to evolve, the paints and coatings industry is expected to see robust growth. The shift toward electric vehicles, coupled with increasing consumer demand for sustainable and high-performance products, will be key drivers for market expansion. Furthermore, the ongoing innovation in nano-technology and smart coatings will shape the future of automotive paint applications in the region.

Conclusion:

The European automotive paints and coatings industry is undergoing significant transformation, driven by technological innovations, environmental concerns, and evolving consumer preferences. As the industry continues to focus on sustainability, aesthetics, and functionality, it is set to play a pivotal role in shaping the future of the automotive sector.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/europe-automotive-paints-and-coatings-market  

[market-insider]

Zero Friction Coatings Market: Charting the Course for Enhanced Performance and Sustainable Solutions

The global zero friction coatings market size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers' Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture.

Zero Friction Coatings Market Report Highlights

In 2021, molybdenum disulfide emerged as the dominant type segment by contributing around 50% of the revenue share. This is attributed to its properties such as low coefficient of friction at high loads, electrical insulation, and wide temperature range

The automobile & transportation was the dominating end-use segment accounting for a revenue share of more than 35% in 2021 due to the rapid growth of the automotive industry across the globe

The energy end-use segment is anticipated to grow at a CAGR of 5.7% in terms of revenue by 2030, owing to the excessive wear on the drill stem assembly and the well casing during the drilling operations in the oil and gas sector

In Asia Pacific, the market is projected to witness the highest CAGR of 5.8% over the predicted years owing to the presence of car manufacturing industries in the countries such as Japan, South Korea, and China

For More Details or Sample Copy please visit link @: Zero Friction Coatings Market Report

Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automatic transmissions, oil pumps, braking systems, and others is expected to drive its demand over the forecast period.

Low friction coatings can be used in extreme environments comprising high pressure, temperatures, and vacuums. These coatings can provide improved service life and performance thereby eliminating the need for wet lubricants in environments that require chemicals, heat, or clean room conditions. The product containing molybdenum disulfide (MoS2) are suitable for reinforced plastics while those free from MoS2 are suitable for non-reinforced plastics.

Zero friction coatings are paint-like products containing submicron-sized particles of solid lubricants dispersed through resin blends and solvents. The product can be applied using conventional painting techniques such as dipping, spraying, or brushing. The thickness of the film has a considerable influence on the anti-corrosion properties, coefficient of friction, and service life of the product. Its thickness should be greater than the surface roughness of the mating surfaces.

ZeroFrictionCoatingsMarket #FrictionlessTechnology #CoatingInnovations #IndustrialEfficiency #ZeroFrictionSolutions #AdvancedMaterials #SurfaceCoatings #ManufacturingAdvancements #GlobalIndustryTrends #InnovativeCoatings #PerformanceOptimization #MechanicalSystems #SustainableTechnology #IndustrialApplications #FutureTech #InnovationInMaterials #EfficiencySolutions #ZeroFrictionMarket #TechnologyInnovation #EngineeringMaterials

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Paints and Coatings Additives Market: Driving Sustainable and High-Performance Solutions

The global paints and coatings additives market is expected to reach USD 12,659.4 million by 2027, driven by the increasing demand for high-performance, sustainable, and eco-friendly coatings. Additives play a crucial role in improving the properties of paints and coatings, such as durability, color retention, and scratch resistance. Manufacturers are constantly innovating to develop additives that can meet the evolving needs of the market and provide effective solutions.

Information Source - https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810

One of the major trends driving the paints and coatings additives market is the growing demand for sustainable coatings. Consumers are increasingly becoming conscious of the environmental impact of the products they use and prefer eco-friendly options. This has led to a rise in demand for coatings that are made from natural and biodegradable materials, free from harmful chemicals, and do not contribute to pollution.

To meet the demand for sustainable coatings, manufacturers are developing additives that can improve the performance and sustainability of paints and coatings. For example, there are additives that help to enhance the water resistance, adhesion, and color stability of coatings, while also reducing the amount of harmful volatile organic compounds (VOCs) emitted during application. Such additives allow manufacturers to produce coatings that are not only sustainable but also high-performing, durable, and long-lasting.

Another trend driving the paints and coatings additives market is the increasing use of technology to enhance the properties of coatings. Additives that can improve the scratch resistance, chemical resistance, and corrosion resistance of coatings are in high demand by various industries, such as automotive, aerospace, and construction. Coatings that can withstand extreme weather conditions and protect against harsh chemicals and corrosive materials are essential for the longevity and performance of products.

In addition to the properties mentioned above, additives are also used to improve the functionality of coatings. For example, there are additives that help to create a non-stick surface, reduce friction, and provide a smooth finish. Such coatings are used in a variety of applications, including cookware, medical devices, and machinery.

The paints and coatings additives market is highly competitive, with many players competing to provide innovative solutions. Some of the major players in the market include BASF SE, The Dow Chemical Company, Evonik Industries AG, Eastman Chemical Company, and AkzoNobel N.V. These companies are constantly investing in research and development to come up with new and improved additives that can meet the needs of the market.

The Asia-Pacific region is the largest market for paints and coatings additives, accounting for a significant share of the global market. The region is witnessing rapid industrialization and urbanization, which has led to a rise in demand for paints and coatings in various industries, such as automotive, construction, and aerospace. In addition, the region has a large population and a growing middle class, which is driving the demand for sustainable and high-performing coatings.

In conclusion, the paints and coatings additives market is expected to grow significantly in the coming years, driven by the demand for sustainable, high-performing, and functional coatings. Additives play a crucial role in improving the properties of coatings, and manufacturers are constantly innovating to develop new and improved solutions. With the increasing focus on sustainability and the use of technology, the market for paints and coatings additives is poised for substantial growth.

[chemicalsindustry]

MDI, TDI, and Polyurethane Market Industry Leaders Size & Share Outlook & New Revenue Pockets

The MDI, TDI & Polyurethane market size is estimated to be USD 77.9 billion in 2021 and is expected to reach USD 105.3 billion by 2026, at a CAGR of 6.2% during the forecast period. MDI (methylene diphenyl diisocyanate) and TDI (toluene diisocyanate) are diisocyanates, which are primarily used as raw materials for polyurethane. Polyurethane is a synthetic resin composed of organic units connected by a urethane linkage. It is mainly prepared by reacting diisocyanates, MDI, and/or TDI with a range of polyols (polyester and/or polyether polyols).

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Based on application, the MDI, TDI & Polyurethane market is segmented as rigid foam, flexible foam, paints & coatings, elastomers, adhesives & sealants, and others. Flexible foam accounted for the largest share in this segment. With flexible polyurethane foams, manufacturers of furniture, bedding, and automotive sectors can address the issues of sustainability and energy conservation more efficiently. Flexible foam is one of the most widely used materials in the bedding & furniture industry. It is mainly used in home & office furniture, bedding, mattresses, pillows, seating, and carpet underlay. Packaging and automotive are other growing end-use industries for flexible foams. Flexible polyurethane foams help automobile manufacturers with weight reduction, vibration absorption, fuel efficiency, and durability of vehicles. As cushioning materials, flexible polyurethane foams provide support, resiliency, comfort, durability, and handling strength. All of these benefits result in better gas mileage and a more comfortable ride. The demand growth of flexible polyurethane foams is expected to be driven by increasing energy efficiency requirements globally, as the governments and organizations have to comply with international norms and regulations.

Based on end-use industry, the polyurethane market has been segmented into footwear, automotive, construction, furniture & interior, electronics & appliances and others. Construction accounted for the largest share. Polyurethane finds multiple applications in the construction industry. Flexible and semi-rigid foams are used in paints, coatings, and adhesives. These products are extensively used in construction. Rigid foams are widely used as structural and insulation foams in buildings. Construction has the largest share in the polyurethane market. Polyurethane finds high demand for building or remodeling homes, offices, and other buildings. The high demand is backed by its lightweight, ease of installation, durability, reliability, and versatile nature. The most important application of polyurethane in buildings is insulation. The rigid foam has unique insulating properties that make it ideal for walls and roofs of new homes and remodeling of existing homes. Insulation is usually required in cavity walls, roofs, floors, around pipes, and boilers. Polyurethane is an affordable, durable, and safe method of reducing carbon emissions that lead to global warming. Polyurethane can dramatically reduce heat loss in homes and offices in cold weather. During summer, they play an important role in keeping buildings cool, reducing the need for air conditioning.

On the basis of region, APAC is projected to be the largest market for MDI, TDI & Polyurethane during the forecast period. Asia-Pacific is one of the most crucial markets of MDI, TDI, and Polyurethane. In terms of global plastic consumption. Owing to the current economic conditions in mature markets such as the U.S. and Western Europe and rapidly increasing domestic consumption, Asia-Pacific has emerged as the leading produces as well as consumer of MDI, TDI, and polyurethane. The construction and bedding & furniture sectors of the region have a leading share in the polyurethane market. Transportation, automotive, and footwear manufacturers are setting up or expanding their manufacturing bases in this region to leverage from the low manufacturing cost. China dominates the MDI, TDI, and polyurethane market in Asia-Pacific. The growing construction industry in the country as well as rebound in construction activities are the main drivers for the MDI, TDI, and polyurethane market.

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The key market players profiled in the report include BASF SE (Germany), The Dow Chemical Company (US), DuPont De Nemours, Inc. (US), Huntsman Corporation (US), Covestro AG (Germany), LANXESS AG (Germany), Mitsui Chemicals Inc. (Japan), Wanhua Chemical Group Co. Ltd. (China), and Woodbridge Foam Corporation (Canada). They have adopted strategies such as and new product launch, acquisition, and expansion in order to gain an advantage over their competitors.

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Automotive Paints Market Business Strategies, Revenue Global Technology, Application, and Growth Rate up to 2031

Automotive Paints Market Size was valued at US$ 18.61 billion in 2023 and is projected to reach US$ 26.16 billion by 2031, growing at a CAGR of 4.47% from 2024 to 2031.

Kings Research™ presents this information in its report titled, Automotive Paints Market Size, Share & Industry Analysis, By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Vehicle), By Technology (Waterborne Coatings, Solvent Borne Coatings, Powder Coatings), By Coating (Primer Base Coat, Base Coat, Clear Coat, Electrocoat), and Regional Forecast, 2024 – 2031”

One major trend in the market is the growing emphasis on vehicle aesthetics and customization. Consumers, especially in mature markets, are seeking high-quality paints that offer both protection and visual appeal, prompting a demand for advanced paint formulations and finishes. Technological advancements in paint formulations, such as improved durability, scratch resistance, and environmental sustainability, are key drivers of this market growth. The adoption of eco-friendly coatings like waterborne and powder coatings is increasing due to their lower VOC emissions and compliance with stringent environmental regulations.

Browe Full Report Details @ https://www.kingsresearch.com/automotive-paints-market-472

List of Key Companies in Automotive Paints Market

3M

Axalta Coating Systems, LLC

AkzoNobel N.V.

BASF SE

Berger Paints India Limited

Henkel Corporation

Nippon Paint Holdings Co., Ltd.

PPG Industries, Inc.

RPM International Inc.

Sika AG

Regionally, the automotive paints market is diverse. North America and Europe continue to see high demand for premium coatings with advanced properties, while emerging economies in Asia Pacific and Latin America offer significant growth opportunities. Rapid industrialization, urbanization, and infrastructural developments in these regions are driving the demand for automobiles and consequently, automotive paints.

In particular, Asia-Pacific holds a significant share of the market, accounting for 35.48% in 2023. The region's dominance is attributed to its booming automotive industry, driven by countries like China, India, and Japan. Europe, the second-largest region in the market, accounted for $4.28 billion in 2023 and is expected to grow at a CAGR of 4.476%. The region's growth is supported by a mature automotive industry, technological advancements, and stringent environmental regulations promoting eco-friendly coatings.

The shift towards electric vehicles (EVs) presents additional opportunities for the automotive paints market. EV manufacturers are prioritizing lightweight materials and advanced coatings to enhance vehicle performance and range. This transition is spurring innovation in specialized coatings that offer thermal management, corrosion resistance, and aesthetic differentiation for EVs.

Leading companies in the market, such as 3M, Axalta Coating Systems, AkzoNobel, BASF SE, and PPG Industries, are employing strategic measures like acquisitions, mergers, partnerships, and product innovations to strengthen their market positions. For instance, NIPSEA Group's subsidiary NP Auto Refinishes completed the acquisition of D-Act Co., Ltd., reinforcing its market share in Asia-Pacific.

Moreover, regulatory initiatives aimed at reducing vehicle emissions and enhancing safety standards are pushing manufacturers towards eco-friendly paint formulations. Water-based paints have gained prominence due to their lower environmental impact and compliance with these regulations.

Overall, the automotive paints market is poised for robust growth, driven by technological advancements, rising consumer demand for customized and high-quality finishes, and the expanding automotive sector in emerging economies​

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[global-research-report]

Calcium Carbonate: A Key Ingredient for Sustainable Innovation in Manufacturing

The global calcium carbonate market was valued at approximately USD 47.53 billion in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030. This growth is driven by a number of key factors, including the increasing demand for paper and packaging materials, as well as the expanding use of calcium carbonate in various industries such as construction, plastics, paint and coatings, and personal care products.

The U.S. has long been a prominent market for calcium carbonate, primarily driven by high demand from industries such as paints & coatings, adhesives & sealants, and paper manufacturing. Among these sectors, paper production remains the largest application segment, with the U.S. being one of the world's largest paper manufacturers. The extensive use of calcium carbonate in paper production—both as a filler and a coating material—has supported sustained demand for the product in the U.S. market.

Despite the economic challenges posed by the COVID-19 pandemic, the demand for calcium carbonate in the U.S. has remained resilient. The paper industry, in particular, has continued to be a key contributor to this steady demand. This can be attributed to the growing emphasis on cleanliness and hygiene, which has driven a rise in the production of products like tissue paper, paper towels, and sanitary wipes. The pandemic increased the consumption of these hygiene-related paper products, sustaining demand for calcium carbonate as a critical component in the manufacturing process.

Regional Insights

Asia Pacific:

Asia Pacific dominated the global calcium carbonate market, accounting for the largest revenue share of more than 37.34% in 2023. The region is expected to continue its steady growth trajectory through 2030, driven primarily by substantial investments in infrastructure development and the manufacturing sector. The expansion of industries such as paper, automotive, and construction in countries like China, India, and Japan is a key driver of this growth.

However, the COVID-19 pandemic has significantly impacted manufacturing operations and global supply chains across Asia. While China experienced a relatively quick recovery and remained one of the few economies to post positive growth, many other Asian nations faced negative GDP growth during the second quarter of 2020. Despite these setbacks, countries are gradually resuming operations with appropriate health and safety protocols in place. India, for instance, saw a rise in automotive sales as restrictions eased, and as the demand for paints & coatings and vehicles picks up, it is expected to drive the need for calcium carbonate in the region.

India:

India stands out as a significant player in the calcium carbonate market, benefiting from a favorable demographic structure with a large and growing working-age population, constituting about two-thirds of the total population. This, combined with government initiatives to attract foreign investments, creates a strong foundation for market growth. The rising demand from key end-use industries such as paper, plastics, paints & coatings, and construction is fueling the rapid growth of calcium carbonate consumption in India.

North America:

North America was the second-largest regional market for calcium carbonate in 2023, and it is expected to maintain its strong position throughout the forecast period. Although the region experienced significant disruptions due to the pandemic, there has been a noticeable rebound in industrial operations, driven by a surge in consumer demand. Key sectors, including medical, packaging, and DIY industries, have boosted the demand for products such as adhesives, paper, and paints & coatings, all of which rely on calcium carbonate. This recovery is seen as a positive indicator for the future growth of the calcium carbonate market in the region.

US:

The U.S. holds the largest share of the North American market and is projected to continue dominating the sector over the forecast period. Several factors contribute to this trend, including the ongoing demand for industrial materials and the expansion of calcium carbonate production. Companies are responding to this demand by boosting their production capacities and expanding their operational presence within the country. For example, in March 2020, Anglo Pacific Group PLC entered into a financing agreement with Incoa Performance Minerals LLC to fund the construction of calcium carbonate-associated infrastructure in the Dominican Republic, which will contribute to the U.S. market's supply chain.

Additionally, the acquisition of Gabriel Performance Products by Huntsman Corporation in January 2021 further emphasizes the growing strategic interest in expanding the presence in key industries, such as adhesives, sealants, coatings, and composites, which require significant amounts of calcium carbonate.

Browse through Grand View Research's Category Advanced Interior Materials Industry Research Reports.

The Americas stone paper market size was estimated at USD 220.4 million in 2024 and is expected to grow at a CAGR of 5.4% from 2025 to 2030. 

The global cobalt market size was estimated at USD 16.96 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030. 

Key Companies & Market Share Insights

Leading companies in the global calcium carbonate market are actively adopting a mix of organic and inorganic growth strategies to maintain and expand their market presence. These strategies include capacity expansion, mergers & acquisitions (M&A), joint ventures, and strategic investments. The following highlights some notable developments by key players in the industry:

Cimbar Resources Inc.: In August 2022, Cimbar Resources Inc. strengthened its position in the North American calcium carbonate market by acquiring the S.-based Imerys Carbonate Inc. manufacturing assets located in Arizona, U.S. This strategic acquisition allowed Cimbar to significantly expand its product portfolio and enhance its production capabilities. By bringing in Imerys Carbonate’s assets, Cimbar could offer a wider range of products from multiple locations, which helps the company better serve its customers in various industries, including paper, plastics, and paints & coatings. The move also aligns with Cimbar’s objective to increase its market share by expanding its manufacturing footprint in the U.S. and broadening its product offerings.

Omya India: In April 2023, Omya India, one of the leading producers of calcium carbonate in the country, announced a USD 25 million investment to expand and upgrade its advanced calcium carbonate plant in Gujarat, India. This significant investment is aimed at increasing the plant's capacity and operational efficiency, ensuring that the company can meet the rising demand for high-quality calcium carbonate in both domestic and international markets. The move underscores Omya India’s commitment to supporting the growing demand from industries such as paper, plastics, rubber, and paints & coatings. By improving its production capabilities, Omya is positioning itself to take advantage of the strong demand across multiple sectors, particularly in the fast-growing Indian market.

Key Calcium Carbonate Companies:

The following are the leading companies in the calcium carbonate market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these calcium carbonate companies are analyzed to map the supply network.

AGSCO Corp.

Carmeuse

Blue Mountain Minerals

GCCP Resources

GLC Minerals, LLC

Greer Limestone Company

Gulshan Polyols Ltd.

ILC Resources

Imerys

Mineral Technologies

Mississippi Lime

Omya

Parchem Fine & Specialty Chemicals

The National Lime & Minerals, Inc.

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[industrynewsupdates]

Top Factors Impacting the Waterborne Coatings Market: Insights and Forecast

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to experience significant growth, with an anticipated compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by the expansion of construction activities worldwide. The rapid industrialization and urbanization taking place across various regions are expected to spur a higher demand for waterborne coatings over the forecast period. Additionally, a shift in the coatings industry towards environmentally friendly alternatives, such as solvent-free coatings with lower emissions, is further boosting the demand for waterborne coatings. These coatings are particularly preferred for both residential and commercial applications, where they are commonly used in interior and exterior wall paint formulations.

Waterborne coatings used in these applications are typically based on acrylate/styrene dispersions. Manufacturers in the market are also working on reducing the binder content in formulations by 8–12% without compromising the overall properties of the coatings, further improving their cost-effectiveness and performance. Alkyd-based waterborne coatings are also gaining popularity, especially among interior decorators, due to their ease of application, glossy finish, and superior ability to adapt to varying climatic conditions during both application and drying.

In the automotive sector, an increase in production capacities, alongside innovations in vehicle design and aesthetics, is expected to continue driving market growth. The rising demand for automobiles, particularly in emerging economies in the Asia Pacific and Latin America regions, fueled by population growth and increasing disposable income, will also contribute to the rising adoption of waterborne coatings in vehicle manufacturing.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Regional Insights

Europe

In 2022, Europe led the global waterborne coatings market, accounting for the largest share of over 38.1% of the total revenue. This dominance can largely be attributed to the presence of several major automobile manufacturers in the region, which contribute significantly to the demand for waterborne coatings in both OEM (original equipment manufacturer) and refinishing applications. Moreover, Europe's increasing consumer preference for luxury goods, including high-end automobiles and residential properties, is expected to further drive the need for high-quality waterborne coatings in the automotive and construction sectors.

Asia Pacific

In the Asia Pacific region, the highest growth in construction spending is anticipated, especially in emerging economies such as China, India, and Indonesia. These countries are seeing significant investments in infrastructure and urban development, which is expected to directly impact the demand for waterborne coatings. As construction activity increases, waterborne coatings are anticipated to capture a larger share of the market, especially in the residential and commercial building sectors, which constitute a major part of the construction market in this region. Countries like Indonesia, Malaysia, Thailand, and Vietnam are also expected to see growing demand for waterborne coatings due to rising construction budgets focused on residential and commercial projects.

Thus, the Asia Pacific region is poised for strong growth, driven by expanding construction activities and an increasing adoption of waterborne coatings in both new builds and renovations.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global ceramic coating market size was valued at USD 11.16 billion in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030.

• The global hydrophobic coating market was valued at USD 2.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030.

Key Companies & Market Share Insights

As the market continues to grow, competition among global companies in the waterborne coatings sector is expected to intensify. This is largely due to rapid innovations from both established players and emerging companies entering the industry. Manufacturers are actively working on expanding and enhancing their product portfolios by innovating and launching new formulations and products. This drive for product development is likely to stimulate further competition, pushing companies to improve their offerings in order to capture a larger share of the growing market.

Some of the prominent players in the global waterborne coatings market include:

• AkzoNobel NV

• BASF SE

• Axalta Coating Systems LLC

• Berger Paints India Ltd.

• Kansai Paint Co.,

• Nippon Paint Holdings Company Ltd.

• PPG Industries Inc.

• RPM International Inc.

• The Sherwin-Williams Company

• The Valspar Corp.

• Tikkurila Oyj

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.

[atomicladycupcake]

Isophthalic Acid Market is Booming Worldwide by Future Innovations & Trends

The isophthalic acid (IPA) market has been growing significantly, driven by increased demand across various industries, particularly in coatings, plastics, and composites. Isophthalic acid, a type of aromatic dicarboxylic acid, is widely used in manufacturing unsaturated polyester resins (UPRs), high-performance coatings, and other products that require enhanced durability and thermal resistance. Known for its exceptional chemical properties, IPA serves as an important intermediate in creating materials that demand stability and strength, such as PET bottles, marine coatings, and automotive parts.

Market Overview

The Global Isophthalic Acid Market is projected to reach approximately USD 5.0 Billion by 2033, rising from USD 3.0 Billion in 2023, with an expected CAGR of 5.3% throughout the 2023-2033 forecast period. Growth is fueled by the rising demand in industries like construction, automotive, and packaging, where materials with enhanced durability and corrosion resistance are crucial. Additionally, the ongoing push towards lightweight materials in automotive manufacturing to improve fuel efficiency is likely to boost the demand for isophthalic acid in coming years.

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Key Market Drivers

Growing Demand for Unsaturated Polyester Resins (UPRs): One of the primary applications of isophthalic acid is in the production of UPRs, which are widely used in various industries due to their durability and resistance to corrosion. UPRs made with isophthalic acid are preferred in marine environments, automotive parts, and construction materials where they provide structural strength and resistance to harsh conditions.

Increasing Use in PET Production: Isophthalic acid is also used as a co-monomer in the production of polyethylene terephthalate (PET), a highly versatile polymer used extensively in packaging, especially for beverages and food containers. The increasing demand for packaged goods globally has led to a higher consumption of PET, thereby driving the demand for isophthalic acid. The material’s chemical stability and clarity make it ideal for products that need long shelf lives and resistance to spoilage.

Growth in Coatings and Paints Industry: The coatings industry is another significant consumer of isophthalic acid. The demand for durable, weather-resistant, and corrosion-resistant coatings in industries such as automotive, construction, and marine has bolstered the need for IPA. With an increase in infrastructure projects and industrial expansion, the need for high-performance coatings that can withstand extreme environments is rising, pushing demand for isophthalic acid-based products.

Sustainability and Lightweighting Trends: The automotive industry’s shift toward lightweight materials to improve fuel efficiency has led to a rise in the use of isophthalic acid in various applications. IPA-based resins are durable, lightweight, and provide high chemical resistance, making them suitable for lightweight composites used in vehicle parts. As environmental regulations tighten around fuel efficiency and emissions, the demand for lightweight materials like those produced with isophthalic acid is expected to grow.

Regional Insights

Asia-Pacific: The Asia-Pacific region, led by countries like China, Japan, and India, dominates the global isophthalic acid market. Rapid industrialization, infrastructure development, and the booming automotive and packaging sectors are major growth drivers in this region. China is one of the largest consumers of IPA, particularly for UPR production and PET manufacturing, driven by its significant share in global manufacturing and packaging industries.

North America: In North America, the demand for isophthalic acid is also strong, with high consumption in the construction, automotive, and marine industries. The presence of established players in these industries and the increasing focus on durable and sustainable materials contribute to the steady growth of IPA in the region.

Europe: Europe’s demand for isophthalic acid is supported by its developed automotive and coatings industries. Additionally, the region’s strict environmental regulations are pushing industries toward high-performance and durable materials, including IPA-based resins and coatings. Germany, the UK, and France are some of the key consumers within the region.

Challenges in the Market

Volatility in Raw Material Prices: The price of isophthalic acid is closely tied to the cost of its primary raw materials, such as xylene. Fluctuations in crude oil prices can affect the supply chain, impacting the pricing and profitability of IPA. The reliance on petrochemical feedstocks exposes the market to price volatility, which can disrupt production and pricing stability.

Environmental and Regulatory Constraints: With a growing emphasis on reducing environmental impact, many governments are imposing stringent regulations on petrochemical-based industries. This is pushing manufacturers to explore more eco-friendly and sustainable alternatives, which could pose a challenge for traditional IPA-based products in the long term.

Substitute Materials: The rise of alternative materials like bio-based plastics and other sustainable resins is gradually shifting some demand away from petrochemical derivatives like isophthalic acid. Though alternatives are still in developmental stages, increasing investment in research and development of sustainable materials could impact the long-term growth of the IPA market.

Key Players:

o   LOTTE Chemical CORPORATION

o   The Chemical Company

o   Merck KGaA

o   Eastman Chemical Company

o   International Chemical Co. (ICC)

o   Thermo Fisher Scientific Inc.

o   Mitsubishi Gas Chemical Company Inc.

o   Formosa Chemicals & Fibre Corp.

o   Beijing Yanshan Petrochemical Company Ltd.

o   Hefei TNJ Chemical Industry Co. Ltd

o   Other Key Players

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Future Prospects and Opportunities

Innovation in Sustainable Production: As environmental concerns continue to grow, there is a rising interest in developing sustainable and bio-based alternatives for traditional petrochemical processes. Companies investing in green chemistry solutions and bio-based isophthalic acid production processes may benefit from this trend, as industries seek to reduce their carbon footprint.

Emerging Markets in Latin America and Africa: With increasing infrastructure projects and industrialization, emerging economies in Latin America and Africa represent potential growth areas for the isophthalic acid market. Expanding automotive and construction sectors in these regions could create new demand for isophthalic acid in coming years.

Growth in 3D Printing and Composite Materials: Isophthalic acid has potential applications in the 3D printing industry, which is rapidly growing and adopting new materials for creating durable, customized products. The market for composite materials, often used in aerospace and high-performance automotive applications, also presents growth opportunities for isophthalic acid, given its desirable properties in resin production.

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Self-Healing Coatings Market Analysis, Key Players, Share Dynamic Demand and Consumption by 2024 to 2034

Self-Healing Coatings Market Introduction:

The Self-Healing Coatings market is predicted to develop at a compound annual growth rate (CAGR) of 34.3% from 2024 to 2034, when it is projected to reach USD 16,586.69 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 2,783.74 Million in 2024.

Self-healing coatings are innovative materials designed to autonomously repair minor damages, such as scratches and cracks. These coatings incorporate microcapsules or other smart materials that release healing agents when the surface is compromised, initiating a repair process. This technology extends product lifespan, reduces maintenance costs, and enhances durability. The market for self-healing coatings is rapidly expanding due to increasing demand across industries like automotive, aerospace, construction, and electronics.

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Self-Healing Coatings Market Drivers

Several factors are driving the growth of the self-healing coatings market:

Increased Demand for Durability and Longevity: Industries are constantly seeking ways to enhance the durability and lifespan of their products. Self-healing coatings offer a solution by extending the service life of materials, reducing maintenance costs, and improving reliability.

Advancements in Materials Science: Ongoing research and development in materials science have led to more effective and affordable self-healing technologies. This has made it possible to integrate these coatings into a broader range of applications.

Environmental Concerns: As industries strive for more sustainable practices, self-healing coatings offer an eco-friendly solution by reducing the need for frequent replacements and repairs, which in turn lowers waste and resource consumption.

Automotive and Aerospace Industries: These sectors are major adopters of self-healing coatings due to their high performance and safety requirements. Self-healing coatings can significantly enhance the durability of parts exposed to harsh conditions.

Applications and Benefits

The potential applications of self-healing coatings are extensive:

Automotive Industry: Self-healing coatings can be applied to car exteriors to repair minor scratches and maintain a pristine appearance. This reduces the need for costly repainting and repairs.

Aerospace Sector: In aerospace, self-healing coatings can protect aircraft components from damage caused by environmental factors and operational stresses, enhancing safety and reducing maintenance costs.

Electronics: Self-healing coatings can be used to protect sensitive electronic components from damage and wear, thereby extending the life of electronic devices.

Infrastructure: Buildings and bridges coated with self-healing materials can experience fewer issues related to wear and tear, leading to reduced maintenance costs and longer lifespans.

Companies Covered:

Akzo Nobel N.V.

BASF SE

Dow Chemical Company

PPG Industries

3M Company

Sherwin-Williams Company

Axalta Coating Systems

Nippon Paint Holdings Co., Ltd.

Jotun Group

Hempel A/S

Advanced Polymer Coatings

Nissan Chemical Industries, Ltd.

Cortec Corporation

Autonomic Materials, Inc.

Sika AG

Market Segments

By Material Type

Polymers

Ceramics

Metal

Others

By Formulation Type

Intrinsic Self-Healing

Extrinsic Self-Healing

By End-use

Automotive

Construction

Aerospace

Electronics

Marine

Others

Growth Factors Driving the Self-Healing Coatings Market

The self-healing coatings market is experiencing robust growth, propelled by several key factors. Understanding these growth drivers provides valuable insight into why this technology is becoming increasingly prominent across various industries. Here’s an in-depth look at the primary factors contributing to the expansion of the self-healing coatings market:

Increasing Demand for Durability and Longevity

In an era where the durability of products is highly valued, self-healing coatings offer a compelling solution. These coatings can significantly enhance the lifespan of materials by repairing minor damages autonomously, which reduces the frequency of repairs and replacements. Industries ranging from automotive and aerospace to construction are seeking ways to extend the service life of their components, driving demand for self-healing technologies.

Technological Advancements in Materials Science

The self-healing coatings market is benefiting from ongoing advancements in materials science. Innovations such as the development of more effective microcapsules, advanced vascular systems, and reversible chemical mechanisms have improved the efficiency and applicability of self-healing coatings. Research and development efforts continue to refine these technologies, making them more versatile and cost-effective.

Future Prospects

The future of the self-healing coatings market looks promising. Ongoing advancements in nanotechnology, biomimetic design, and material science are expected to lead to even more innovative and effective self-healing solutions. Additionally, as industries continue to focus on sustainability and efficiency, the demand for self-healing coatings is likely to grow.

Key objectives of this research are:

To explore Global Market size by respective indicators.

To scrutinize the sum and estimation of the Global Self-Healing Coatings Market Market, Based on key aspects.

To offer an account of the competitive landscape and investigate their development plans.

To examine the Global Market for growth possibilities, and strategic growth.

To review the Global Market size (volume and worth) from the organization, key market regions, items and applications, and statistical data.

To generate competitive learnings and factors analysis, SWOT examination, and business improvement plans for the future.

To scrutinize the range of available and novel organic business growth strategies.

Conclusion

Self-healing coatings represent a groundbreaking advancement in material science, offering the promise of enhanced durability, reduced maintenance, and improved sustainability. As the technology continues to evolve, we can expect to see a broader adoption of these coatings across various sectors, ultimately leading to more resilient and long-lasting products. Whether in the automotive, aerospace, electronics, or infrastructure industries, the self-healing coatings market is set to make a significant impact in the years to come.

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UV Curable Coatings Market Challenges and Opportunities in 2024

UV Curable Coatings Market Growth Strategic Market Overview and Growth Projections

The global UV curable coatings market size was valued at USD 7.76 billion in 2022. It is estimated to reach USD 15.76 billion by 2031, growing at a CAGR of 8.20% during the forecast period (2023–2031).

The latest Global UV Curable Coatings Market by straits research provides an in-depth analysis of the UV Curable Coatings Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global UV Curable Coatings Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Competitive Landscape

Some of the prominent key players operating in the UV Curable Coatings Market are 

DSM

AkzoNobel

BASF

PPG Industries

Sherwin-Williams

DYMAX

Nippon Paint

Cardinal Paint

Axalta Coating Systems

Jainco Industry Chemicals

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The UV Curable Coatings Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global UV Curable Coatings Market: Segmentation

The UV Curable Coatings Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Component

Monomer

Photoinitiator

Oligomers

Pigments

Fillers

Additive

By End-User

Wood

Electronics

Automotive

Printing/Graphic Art

Paper and Packaging

Other

Stay ahead of the competition with our in-depth analysis of the market trends!

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Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the UV Curable Coatings Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the UV Curable Coatings Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the UV Curable Coatings Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the UV Curable Coatings Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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Wax Emulsion Market - Forecast(2024 - 2030)

Wax Emulsion Market Overview

Sample Report:

The emergence of COVID-19

The outbreak of COVID-19 has negatively impacted the wax emulsion market. The abrupt closure of production centers in China, and its impact caused chaos among global auto manufacturers in European Union, US, India, and South America region. For instance, Toyota Motor Corporation reported a YoY sales decline of 26%, May’s unit sales were almost double that of April, which fell 56% YoY.

Additionally, Sales of new-energy vehicles (NEVs) in China in June fell 35% YoY to 85,600 units, following a drop of 26% in May and 30% in April. The demand for wax emulsion lowered due to the declining automotive industry. In addition, a decrease in purchasing capital lowered construction activities and demand for apparel. According to the National Bureau of Statistics of China, the online retail sales of clothing goods decreased by 18.1 percent, substantially hampering the growth of the wax emulsion market.

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Wax Emulsion Market Report Coverage

The report: “Wax Emulsion Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wax Emulsion Market.

By Type: Natural (Animal, Vegetable and Minerals), and Synthetic (Polyethylene, Polypropylene, Paraffin, poly tetrafluoroethylene (PTFE), Fischer-Tropsch, and Others)

By Application: Wood Coatings, Adhesive & Sealants, Printing Inks, Fiberglass Insulation, Metal Polish, Lubricants, Textile Finish, cold creams, lipsticks, Tires, and Others

By End-Use Industry: Paint & Coatings, Building & Construction (Residential, Commercial, Industrial, and Infrastructure), Textile & Leather, Pulp & Paper, Cosmetics and Personal care, Automotive (Passenger Cars, Light Commercial Vehicle, and Heavy Duty Vehicles), Packaging, Wood Processing, and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa)

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Key Takeaways

● The U.K has shown significant growth in the wax emulsion market due to its high demand from wood processing industries for the protection of woods from water and prevent rotting.

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Wax Emulsion Market Segment Analysis — By Type

Synthetic segment held the largest share of more than 60.23% in the Wax Emulsion market in 2023. Synthetic wax emulsions are synthesized from synthetic polymers such as polyethylene, polypropylene, polytetrafluoroethylene, and many more. Synthetic wax emulsions are long-lasting, abrasion-resistant and provide good protection from contaminants like dust, grime, and corrosion. Thus, the availability of synthetic wax emulsion with varied properties makes it suitable for numerous applications including paints & coatings, cosmetics, and construction, significantly augmenting the market growth. However, increasing environmental concerns are driving the demand for natural wax emulsions such as Lanolin, Beeswax, Carnauba, and Candellila waxes.

Polyethylene wax segment consists of low-density polyethylene (LDPE) and High Density Polyethylene (HDPE) and is obtained by polymerization of Ethylene monomers. Physical attributes such as water-repellence, abrasion resistance, slip control, lubrication, and anti-blocking are contributing to the growth of polyethylene wax emulsion. Polyethylene wax emulsion manufactures more easily and is cost-effective. Surging use of polyethylene wax emulsion in lithographic and flexographic inks for an improved rub and mar resistance and slip characteristics also aids the market growth.

Wax Emulsion Market Segment Analysis — Application

Wood Coatings segment is projected to witness the highest CAGR of 6.4% during the forecast period. Wax emulsions are extensively used in paints & coatings as they provide a consistent neutral color and offer formulators maximum flexibility in pigmented applications. Wax emulsions also improve the durability of water-based paints, by offering excellent scratch- and abrasion resistance. An increase in building and constructions has proliferated the demand for paint & coatings.

Hence, surging demand for paints and coatings as a consequence of huge constructional activities may bolster the growth of the wax emulsion market.

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Wax Emulsion Market Segment Analysis — End-Use Industry

Textile and leather segment held the largest share of more than 26% in the wax emulsion market in 2023. Wax emulsions are used in the textile and leather industry for waterproofing of textile and leather substrates, modifying the frictional properties of fibers, yarns, and sewing threads for better processability, and for enhancing the performance of finishing compounds such as softeners, silicones, and resins. They also provide superior fabric properties such as improved flex abrasion resistance, tear strength, and sewability. Owing to the above benefits the demand for wax emulsions is increasing from textile and leather industries. The Advanced Functional Fabrics of America Institute (AFFOA) brought over $300 million in public-private investment to develop futuristic fabrics and textiles helping to accelerate the revival of textile manufacturing in the United States. The thriving textile industry across the globe and vast technological advances may boost the global demand for wax emulsion.

Wax Emulsion Market Segment Analysis — By Geography

Asia Pacific dominated the Wax Emulsion market with a share of more than 41% in 2023 followed by North America and Europe. Increasing per-capita income and adoption of western culture in emerging economic nations especially in China, and India has boosted the growth of fashion industry and also increased the demand for leather. Increasing demand for apparel and expansion of textile industries across the country is also aiding the growth of market.

With the rising popularity of functional textiles that offer additional properties like water repellency, UV protection, and stain resistance, the demand for wax emulsions in textile coatings and finishes is on the rise. The growing demand for leather and apparel products in emerging markets, coupled with increasing disposable incomes and changing consumer preferences, presents significant opportunities for wax emulsion manufacturers to expand their presence and capture a larger market share in these regions. Thus huge spending on apparels and leather articles escalate the growth of the wax emulsion market.

Wax Emulsion Market Drivers

Growing demand from automotive industries

Wax Emulsions are water repellent, hence its use in automotive paints and polishes prevents water from accumulating in nooks and crannies of car’s surface thereby reducing the risk of corrosion and prevents the formation of water stains and spots on the surface. Wax emulsion are also used as lubricants and in car’s interior leather for matt effect and smoothness. Increase in standard of living coupled with high disposable income boosts the demand for automotive.

Automotive manufacturers prioritize the aesthetic appeal of vehicles to attract customers. Wax emulsions contribute to achieving a glossy finish and enhancing the appearance of automotive coatings, making vehicles more visually appealing to consumers. Continuous innovations in wax emulsion formulations cater to the evolving needs of the automotive industry. Advanced wax emulsions offer improved performance characteristics such as enhanced durability, scratch resistance, and water repellency, meeting the stringent requirements of automotive manufacturers and contributing to market growth. Thus rise in automotive demand augments the growth of the wax emulsion market.

Increasing use of paper and pulp as a substitute for plastics

Increasing environmental concerns and the use of paper as a substitute for plastics drive the growth of the wax emulsion market. In paper coatings, the wax emulsion is added to the coating mixture to reduce dusting during calendaring, to increase water repellency, to improve flexibility, and to raise gloss. When used as sizing in the paper, the wax emulsion helps prevent aqueous solutions, such as ink, from soaking into the paper and paperboard. According to an environmental paper network (EPN), paper use is steadily increasing year on year and exceeded 412 million tons per year in 2023. Also, total paper and paperboard demand for domestic applications such as tissue paper, newsprint, boxboard, etc. reached to 26,592 thousand metric tons in 2023 in Japan, according to the Japan paper association. Therefore, accelerating use for paper augments the demand for wax emulsions for paper sizing.

Wax Emulsion Market — Challenges

Volatility in prices of raw material

The raw materials often used for manufacturing waxes emulsion such as paraffin, polyethylene, and polypropylene are derived from the crude oil. So, fluctuation in oil prices also hampers the prices of wax emulsions. According to, BP Statistical Review of World Energy, in the recent year there is been an increase in the price volatility of crude oil, such as the crude oil price increased from $81.12 in 2022 to a price of $97.67 per barrel in the financial year 2023 hovering a high price rise, and because of this uncertainty in crude oil prices, the price of wax emulsions also increases. The volatility in crude oil prices is expected to be a significant challenge for wax emulsion manufacturers during the forecast period.

Wax Emulsion Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wax Emulsion market report. Major players in the Wax Emulsion market are:

1. The Dow Chemical Company

2. Exxon Mobil Corporation

3. Momentive Performance Materials Inc.

4. Michelman, Inc.

5. Lubrizol Corporation

6. BASF SE

7. Croda International Plc

8. Arkema SA

9. Lanxess AG

10. Huntsman Corporation and others

Acquisitions / Technology Launches:

● Münzing Group’s Production Plant Inauguration (July 21, 2022): The Münzing Group inaugurated a state-of-the-art production plant in Zeitz Chemical and Industrial Park. This significant investment of EUR 50 million resulted in the creation of 40 new jobs.

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