#Vietnam Architectural Waterborne Coatings Market
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#Vietnam Architectural Waterborne Coatings Market#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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Water-Based Coatings Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2030
MRFR (Market Research Future) expects the water based coatings market 2020 to perform exceedingly well and attain a significant growth rate over the evaluation period (2016 to 2023). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Water-Based Coatings Market is projected to be worth USD 111.72 Billion by 2030, registering a CAGR of 5.72% during the forecast period
Key Boosters and Top Challenges
The water-based coatings market is all set to gain significant grounds in the coming years, backed by factors like soaring demand from several end-use industries like automotive, industrial and infrastructure. These types of coatings are generally preferred over other conventional ones since these contain close to 80% water content, which makes it an excellent solvent and it produces low VOC emissions. Synthetic pigments, resins, additives and surfactants are some of the most commonly used raw materials during waterborne coatings’ manufacturing. The mentioned raw materials help manufacture different kinds of waterborne coatings that have further use in several applications such as general industrial, architectural, wood, automotive OEM, coil, protective coatings, marine, industrial wood, metal packaging, automotive refinish, to name a few.
The global water based coatings market growth is further bolstered by the rising automobile production across Mexico, China, Malaysia, Germany and Indonesia. Growth in the number of construction activities in developing countries in Asia Pacific and the Middle East should also foster market growth. End-users in these countries are increasingly looking for high-performance, application-specific additives and pigments, which have excellent corrosion resistance as well as aesthetic properties, presenting attractive opportunities to the water-based coatings manufacturers. The striking boom in the construction industry in the past decade has been favorable for the global water based coating market as well. The emerging trend of opting for solvent-free coatings that have lower emissions instead of coatings that have high or low volatility organic solvents is fostering the product demand in commercial and residential applications.
The competition in the global market is quite intense, as a result of the growing application scope as well as use-cases of water-based coatings across various industries. The considerable growth of the automotive and construction industries in emerging nations of Central & South America and Asia Pacific, offer a host of lucrative opportunities to the water-based coatings manufacturers. The key raw materials suppliers also benefit in this scenario and are encouraged to bolster their product ranges to enhance their global reach.
Market Segmentation
Water-based coatings market has been considered in the report for product type, resin type and end-use industries.
Various product types mentioned in the MRFR report include colloidal coatings, water-soluble paints, water-based alkyds and emulsions/latex paints.
Depending on resin type, the global market caters to epoxy, formaldehyde, acrylic, alkyds, polyurethane, and more.
The top end-user industries in the worldwide industry include paper & packaging, automotive, building & construction, marine, electronics, and others.
Regional Outlook
The key markets for water-based coatings are APAC or Asia Pacific, North America, Latin America, Europe and MEA/Middle East & Africa.
APAC is on its way to take the lead in the global market, thanks to the mounting demand for water-based coatings in the fast growing automotive and construction sectors. Also, the heightened demand for advanced electronics and the rapidly evolving lifestyle have bolstered the use of water-based coatings in industries like general industrial, automotive, new construction, remodel & repaint and marine in India, China, Taiwan, Malaysia, Indonesia, Vietnam and South Korea. China, however, exhibits the highest potential of securing the top position in the APAC market over the review period, in view of the flexible environmental norms pertaining to emissions along with reduced taxes levied for manufacturers. The surging income level in China has also induced major growth in the waterborne coatings industry.
The European market is mostly bolstered by the significant growth in the construction industry, especially following the recovery post-recession in the region. Germany’s stringent regulatory framework, one of which is Technische Anleitung (TA) Luft and the UK’s Environmental Protection Act state a few guidelines that aim to reduce the VOC content in coatings and paints. This is bound to work in favor of the water-based coatings market, since these products are fast replacing the traditional solvent-borne coatings in the construction industry.
Top Industry Competitors
Top competitors active in the global water-based coatings industry are BASF SE (Germany), Chenyang Waterborne Paint (China), Kansai Paint Co.,Ltd. (Japan), Asian Paints (India), Sika AG (Switzerland), Berger Paints India Limited (India), Nippon Paint Company Limited (Japan), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), The Valspar Corporation (U.S.), AkzoNobel N.V. (Netherlands), Tikkurila Oyj (Finland), Jotun (Norway), The Sherwin-Williams Company (U.S.), Rpm International Inc. (U.S.), among others.
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#Water-based coatings#Water-based coatings Market#Global Water-based coatings Market#Water-based coatings Industry#Water-based coatings Market Size
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Architectural Coatings Market Growth Rate And Competition Landscape, Forecast From 2016 To 2027
Architectural Coatings Overview:
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The primary goal of the Aviation Fuel market research is to provide detailed information on market opportunities that are assisting in the transformation of global Aviation Fuel enterprise. Report provide projected growth rates along with the compound annual growth rate (CAGR) for forecasted period to enable readers to better understand the monitoring and assessment of the global Aviation Fuel market, as well as to discover lucrative opportunities in the market.
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Market Scope:
Maximize Market Research, report provide overall market insights for manufacturers, suppliers, distributors, and investors in the global Architectural Coatings . The information and data offered in the report may be used by all stakeholders in the global Architectural Coatings , as well as industry professionals, researchers, journalists, and business researchers.
Maximize Market Research, report provides a unique research approach to conduct detailed research on the global Aviation Fuel market and make conclusions on the market's future growth factors. Primary and secondary research methodologies are combined in the research approach to assure the authenticity and validity of the conclusions in this report.
The report discusses the Architectural Coatings 's drivers, restraints, opportunities, and challenges. The research helps to identify the market growth drivers and determining how to utilize these factors as strengths. Restraints can assist readers in identifying traits that are restricting the Architectural Coatings , as well as reducing them before they become an issue. This will assist readers in comprehending the aspects that will influence your ability to capitalise on possibilities.
Segmentation:
Global Architectural Coatings Market, by Technology
• Waterborne • Solventborne • Powder Coating Global Architectural Coatings Market, by User Type
• DIY • Professional
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Key Players:
• The Sherwin‐Williams Company • PPG Industries, Inc. • Akzo Nobel N.V. • BASF SE • Asian Paints Limited • Kansai Paint Co., Ltd. • Nippon Paint Holdings Co., Ltd. • Masco Corporation • Jotun Group • RPM International Inc. • Hempel A/S • Tikkurila OYJ • DAW SE
Geographically, Architectural Coatings report is segmented into several key regions are as follows,
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
Furthermore, the study covers market size, growth rate, import and export, as well as country-level analysis, integrating the demand and supply forces of the Architectural Coatings in these countries, which are impacting market growth.
COVID-19 Impact Analysis on Architectural Coatings :
COVID-19's global influence on the Architectural Coatings was examined in this research. During this crisis, the report examines the Architectural Coatings 's alternatives, demanding conditions, and difficult possibilities in detail. In terms of funding and market expansion, the paper briefly examines the COVID-19's merits and limitations. The study also contains a set of concepts that should aid readers in developing and planning company strategies.
The report considers consultations to overcome past disruptions and foresees potential ones in order to improve preparation. Businesses can use the frameworks to design their strategic alignments in order to recover from such disruptive trends. Maximize Market Research analysts can also assist readers in breaking down a complex circumstance and bringing resiliency to a situation that is uncertain.
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US Market Study on Coating Resins | Trends and Growth Forecast to 2023
The vendor landscape of the Asia Pacific coating resins market is characterized by a high degree of fragmentation and intense level of competition, notes Transparency Market Research (TMR). In 2014, the top eight companies in the regional market accounted for around 59.0% in 2014. The competitive landscape is dotted by several medium- and large-sized manufacturers. Small-scale coating resins manufacturers in the region are largely dissuaded to enter the market on account of the bleak profit margins prevalent in most segments.
However, TMR observes that the scope is vast in the area of green and sustainable coating technologies. This is observed against the onslaught of rising industry efforts in several countries of Asia Pacific to adhere to environmental legislations and norms that prohibit toxic emissions from the paints and coating industry. In this context, waterborne coating technologies are expected to present new, lucrative avenues for numerous vendors to capitalize on to get a firm foothold in the market. A growing number of players are also actively engaged in making product innovations to meet the coating demand spanning various industries, in order to gain a competitive edge over others.
The Asia Pacific coating resins coating resins market is projected to expand at a steady CAGR of 5.9% during the forecast period of 2015–2023. The regional market stood at US$4.3 billion in 2014 and is estimated to reach a worth of US$7.2 billion by the end of the assessment period.
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The various end-use industries for the application of coating resins are building and construction, marine, electronics, automotive, and furniture, along with the others segment. Of these, the construction and building industry leads the pack with the dominant share in 2014, vis-à-vis volume. The uptake is catalyzed by extensive construction activities in emerging economies of the region.
Of the various countries witnessing the demand for coating resins in Asia Pacific, China presently holds the sway. It accounted for a major share of the regional market in 2014 and is likely to contribute substantial revenues in the years to come as well. The growth will be driven by extensive manufacturing and consumption of coating resins in the country throughout the assessment period.
Extensive Demand for Coating Applications in Construction and Building and Automotive Industries propelling Growth
The rapid, attractive pace of industrialization and urbanization across Asia Pacific has led to a staggering demand for resins for various coating applications in several end-use industries. The burgeoning demand for architectural coatings for residential as well non-residential sectors is a notable factor accentuating the regional market. The demand is notably catalyzed by the rising spending on commercial construction projects in several emerging economies. The large share of disposable incomes of people in developing countries in Asia Pacific is fueling the regional market growth.
The growth of the Asia Pacific coating resins is further propelled by the rising demand for waterborne, solventborne, and powdered resins in industries, notably in automotive, marine, aerospace, and electronics. In this regard, the widespread demand for coating resins and binders in the automotive industry is boosting the regional market. The large strides being taken by the industry in Asia Pacific is essentially supporting the burgeoning demand.
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Environmental Curbs on Harmful Emissions from Coating Industry key Constraint
In recent years, infrastructural developments are witnessing exciting strides in countries such as Vietnam, which is presenting vast latent opportunities for the regional players.
However the growth of the market tends to be hindered by a few factors. Key among of them are marked fluctuations in raw material costs and the environmental curbs on the emission of volatile organic compounds from the paints and coatings industry. The high price of raw material prices also constrains the supply chain efficiencies in the regional market. Nevertheless, manufacturers across Asia Pacific are focusing on exploring sustainable coating technology options. They are engaged in developing green solutions that are safe for environment and the end users, which has created new, lucrative avenues in Asia Pacific market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Coating Resins Market (Product- Acrylics, Alkyds, Epoxies, Unsaturated polyesters, Urethanes, and Amino Coating Resins; Technology - Solventborne, Waterborne, High Solids/Radiation Cures, Powder, and Hybrid Technology; End User - Building and Construction, Automotive, Marine, Electronics, Furniture, and Aerospace) - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023”.
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Key Takeaways:
The extensive usage of coating technologies in architectural applications and in the automotive industry is a key factor driving the Asia Pacific coating resins market.
The inclination toward more environmental-friendly and sustainable coating technologies is creating lucrative avenues for market players.
The Asia Pacific coating resins market is segmented based on:
Product
Coating Resins
End User
Country
Acrylics
Alkyds
Epoxies
Unsaturated polyesters
Urethanes
Others (Including amino coating resins, etc.)
Solventborne
Waterborne
High solids/radiation cures
Powder
Others (Including hybrid technology, etc.)
Building & construction
Automotive
Marine
Electronics
Furniture
Others (Including aerospace, etc.)
China
India
Indonesia
Malaysia
Singapore
Thailand
Vietnam
Rest of Asia Pacific
Companies in the Coating Resins market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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Glass Coatings Market Observe Substantial Growth by 2018-2026
Glass Coatings Market: Overview
Glass coatings are energy saving coating materials that provide esthetic appeal to glass substrates. They are highly durable and offer advantages such as protection from chemical and mechanical stress, shatter protection, and increased scratch resistance. These coatings are abrasion and chemical resistant and provide protection against UV radiation. They are widely employed in automotive, building & construction, marine, and aviation industries.
Read report Overview@https://www.transparencymarketresearch.com/glass-coatings-market.html
Glass Coatings Market: Key Segments
The global glass coatings market can be segmented based on type and technology. In terms of type, the global glass coatings market can be divided into low-E coatings, solar control coatings, and self-cleaning coatings. Low-E coatings are highly popular glass coatings available in the market. These coatings are virtually invisible, microscopically thin, and deposited as a metal or metallic oxide layers on glazing surfaces in order to increase the energy efficiency by suppressing radiative heat flow. Rise in demand for energy efficient buildings in order to reduce overall energy consumption is propelling the global glass coatings market. Based on technology the global glass coatings market can be split into spray pyrolysis, powder spray, chemical vapor deposition (CVD), physical vapor deposition (PVD), sputter coating, sol-gel coating, and thermal evaporation coating. PVD coatings are high performance flexible glass coatings that are used widely in the global glass coatings market.
Expansion in end-use industries such as automotive, aviation, and building & construction across the globe is a major factor driving the global glass coatings market. Rise in urbanization, increase in industrialization, and growth in construction index in developing economies such as China, India, and Mexico are some of the others factors boosting the market. However, increase in prices of raw materials and implementation of stringent regulations on harsh chemicals used in glass coatings are estimated to hamper the global glass coatings market during the forecast period. Rise in research activities in the field of innovative bio-based raw materials for glass coatings is anticipated to provide lucrative opportunities to manufacturers of glass coatings.
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Glass Coatings Market: Regional Outlook
Based on region, the global glass coatings market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global glass coatings market owing to the rise in demand for these coatings in automotive and construction industries. The building & construction industry is expanding at a rapid pace in developing economies of Asia Pacific such as China, India, and Vietnam. This is expected to boost the global glass coatings market. Increase in FDI investment in various end-use sectors such as automotive, typically in China, India, Thailand, and South Korea, is estimated to provide lucrative opportunities to manufacturers of glass coatings in the near future. The automotive sector in Europe has been expanding due to the collaborations among various manufacturers of paints and coatings.
The U.S. is a leading consumer of glass coatings in North America due to the rise in repair & refurbishment activities in the construction field of the region. For instance, in 2016, Ferro Corporation acquired Pinturas Benicarló, S.L., a leading producer of waterborne industrial paints. The company also specializes in the niche sector of organic paints for glass substrates application. The global glass coatings market in Latin America and Middle East & Africa is expanding at a sluggish pace compared to that in mature economies. However, rise in disposable income, improvement in construction index, growth in economy, and rise in standard of living in South Africa, Brazil, and Mexico are expected to boost the global glass coatings market in Latin America as well as Middle East & Africa during the forecast period.
Glass Coatings Market: Key Players
Key players operating in the global glass coatings market include Vitro Architectural Glass, AGC, Inc., Saint-Gobain, Taiwan Glass, Viracon, SCHOTT, Arkema, and Central Glass.
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Asia Pacific Coating Resins Market to attain Valuation of US$7.2 Bn by 2023
The vendor landscape of the Asia Pacific coating resins market is characterized by a high degree of fragmentation and intense level of competition, notes Transparency Market Research (TMR). In 2014, the top eight companies in the regional market accounted for around 59.0% in 2014. The competitive landscape is dotted by several medium- and large-sized manufacturers. Small-scale coating resins manufacturers in the region are largely dissuaded to enter the market on account of the bleak profit margins prevalent in most segments.
However, TMR observes that the scope is vast in the area of green and sustainable coating technologies. This is observed against the onslaught of rising industry efforts in several countries of Asia Pacific to adhere to environmental legislations and norms that prohibit toxic emissions from the paints and coating industry. In this context, waterborne coating technologies are expected to present new, lucrative avenues for numerous vendors to capitalize on to get a firm foothold in the market. A growing number of players are also actively engaged in making product innovations to meet the coating demand spanning various industries, in order to gain a competitive edge over others.
The Asia Pacific coating resins coating resins market is projected to expand at a steady CAGR of 5.9% during the forecast period of 2015–2023. The regional market stood at US$4.3 billion in 2014 and is estimated to reach a worth of US$7.2 billion by the end of the assessment period.
The various end-use industries for the application of coating resins are building and construction, marine, electronics, automotive, and furniture, along with the others segment. Of these, the construction and building industry leads the pack with the dominant share in 2014, vis-à-vis volume. The uptake is catalyzed by extensive construction activities in emerging economies of the region.
Of the various countries witnessing the demand for coating resins in Asia Pacific, China presently holds the sway. It accounted for a major share of the regional market in 2014 and is likely to contribute substantial revenues in the years to come as well. The growth will be driven by extensive manufacturing and consumption of coating resins in the country throughout the assessment period.
Extensive Demand for Coating Applications in Construction and Building and Automotive Industries propelling Growth
The rapid, attractive pace of industrialization and urbanization across Asia Pacific has led to a staggering demand for resins for various coating applications in several end-use industries. The burgeoning demand for architectural coatings for residential as well non-residential sectors is a notable factor accentuating the regional market. The demand is notably catalyzed by the rising spending on commercial construction projects in several emerging economies. The large share of disposable incomes of people in developing countries in Asia Pacific is fueling the regional market growth.
The growth of the Asia Pacific coating resins is further propelled by the rising demand for waterborne, solventborne, and powdered resins in industries, notably in automotive, marine, aerospace, and electronics. In this regard, the widespread demand for coating resins and binders in the automotive industry is boosting the regional market. The large strides being taken by the industry in Asia Pacific is essentially supporting the burgeoning demand.
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Environmental Curbs on Harmful Emissions from Coating Industry key Constraint
In recent years, infrastructural developments are witnessing exciting strides in countries such as Vietnam, which is presenting vast latent opportunities for the regional players.
However the growth of the market tends to be hindered by a few factors. Key among of them are marked fluctuations in raw material costs and the environmental curbs on the emission of volatile organic compounds from the paints and coatings industry. The high price of raw material prices also constrains the supply chain efficiencies in the regional market. Nevertheless, manufacturers across Asia Pacific are focusing on exploring sustainable coating technology options. They are engaged in developing green solutions that are safe for environment and the end users, which has created new, lucrative avenues in Asia Pacific market.
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Amino Resins Market Current Trends And Future Aspect Analysis
Amino Resins Market: Overview
Amino resins are also known as melamine resins, and have superior physical and chemical attributes. Amino resins are thermosetting resins having superior tensile strength, impact resistance, and hardness. Amino resins are water soluble before curing, colorless, and after curing have excellent water resistant, have outstanding hardness, abrasion resistance and heat resistance. Amino resins are derived from the reaction of formaldehyde with an amino compound and which later reacts with alcohol.
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Amino Resins Market: Drivers & Restraints
The amino resins market is driven by the rise in demand from the automotive coatings industry. Growth of the automotive sector and increase in customer awareness regarding maintenance of vehicles is estimated to propel the amino resins market. Additionally, high demand for amino resins from the construction & housing industry for coating furniture is expected to boost the global amino resins market. However, volatile prices of formaldehyde is expected to hamper the amino resins market. Additionally, stringent regulations regarding the usage of formaldehyde in resin production due to its adverse effects on the environmental is expected to hinder the amino resins market.
Amino Resins Market: Key Segmentations
Based on type, the amino resins market can be segmented into butylated urea resins, butylated melamine resins, methylated melamine resins, waterborne melamine resins, butylated benzoguanamine resins, and others. Butylated urea resins are mainly used on wood products such as wood composites, fiberglass mats, decorative laminates, air filtration, and coated and bonded abrasives. Remaining amino resins are used in industrial coatings, cross-linking, textiles, nonwovens, papermaking, and as modifiers in materials such as textiles, tires, paper, fertilizers, glass, and metals.
In terms of application, the amino resins market can be segregated into architectural, marine, heavy duty industries, automotive, electric appliances, machinery, metal, wood & floor, construction material, cabinet & furniture making, kitchen utilities, agriculture, foam insulation, and others. Amino resins are used as adhesives in wood products. They are used with polyesters, acrylic, epoxy, and alkyd resins, which provide a desired balance, flexibility, toughness, chemical resistance, and exterior durability to the applied surface.
Amino Resins Market: Regional Outlook
Based on region, the global amino resins market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the amino resins market due to high demand for amino resins from building & construction, electrical & electronics, and automotive industries. The amino resins market in emerging countries such as China, India, Vietnam, and Bangladesh is estimated to expand at significant pace in the near future. India is expected to be a key producer of these amino resins due to the increase in its demand from construction and automotive industries. The amino resins market in the North America is estimated to expand due to high demand for these resins from end-use industries such as automotive and electronics in the U.S. and Canada. The amino resins market in Europe is projected to expand at a substantial pace due to steady demand for these resins from the automotive & construction industry. The amino resins market in Latin America and Middle East & Africa is anticipated to expand at a sluggish pace during the forecast period.
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Amino Resins Market: Key PlayersKey players operating in the global amino resins market include Hexion, DIC Corporation, BASF SE, Silekol sp. z o.o., Advachem S.A., Acron, LRBG Chemicals, Ineos Melamines Gmbh, Chemiplastica SpA, Jiangsu Sanmu Group, Georgia-Pacific Llc, Chemique Adhesives and Sealants Ltd., and Qingdao Winlong Chemical Industrial Co. Ltd
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Glass Coatings Market Here are some key insights into the growth trajectory, Globally 2026
Glass coatings are energy saving coating materials that provide esthetic appeal to glass substrates. They are highly durable and offer advantages such as protection from chemical and mechanical stress, shatter protection, and increased scratch resistance. These coatings are abrasion and chemical resistant and provide protection against UV radiation. They are widely employed in automotive, building & construction, marine, and aviation industries.
Glass Coatings Market: Key Segments
The global glass coatings market can be segmented based on type and technology. In terms of type, the global glass coatings market can be divided into low-E coatings, solar control coatings, and self-cleaning coatings. Low-E coatings are highly popular glass coatings available in the market. These coatings are virtually invisible, microscopically thin, and deposited as a metal or metallic oxide layers on glazing surfaces in order to increase the energy efficiency by suppressing radiative heat flow. Rise in demand for energy efficient buildings in order to reduce overall energy consumption is propelling the global glass coatings market. Based on technology the global glass coatings market can be split into spray pyrolysis, powder spray, chemical vapor deposition (CVD), physical vapor deposition (PVD), sputter coating, sol-gel coating, and thermal evaporation coating. PVD coatings are high performance flexible glass coatings that are used widely in the global glass coatings market.
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Expansion in end-use industries such as automotive, aviation, and building & construction across the globe is a major factor driving the global glass coatings market. Rise in urbanization, increase in industrialization, and growth in construction index in developing economies such as China, India, and Mexico are some of the others factors boosting the market. However, increase in prices of raw materials and implementation of stringent regulations on harsh chemicals used in glass coatings are estimated to hamper the global glass coatings market during the forecast period. Rise in research activities in the field of innovative bio-based raw materials for glass coatings is anticipated to provide lucrative opportunities to manufacturers of glass coatings.
Glass Coatings Market: Regional Outlook
Based on region, the global glass coatings market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global glass coatings market owing to the rise in demand for these coatings in automotive and construction industries. The building & construction industry is expanding at a rapid pace in developing economies of Asia Pacific such as China, India, and Vietnam. This is expected to boost the global glass coatings market. Increase in FDI investment in various end-use sectors such as automotive, typically in China, India, Thailand, and South Korea, is estimated to provide lucrative opportunities to manufacturers of glass coatings in the near future. The automotive sector in Europe has been expanding due to the collaborations among various manufacturers of paints and coatings.
The U.S. is a leading consumer of glass coatings in North America due to the rise in repair & refurbishment activities in the construction field of the region. For instance, in 2016, Ferro Corporation acquired Pinturas Benicarló, S.L., a leading producer of waterborne industrial paints. The company also specializes in the niche sector of organic paints for glass substrates application. The global glass coatings market in Latin America and Middle East & Africa is expanding at a sluggish pace compared to that in mature economies. However, rise in disposable income, improvement in construction index, growth in economy, and rise in standard of living in South Africa, Brazil, and Mexico are expected to boost the global glass coatings market in Latin America as well as Middle East & Africa during the forecast period.
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Glass Coatings Market: Key Players
Key players operating in the global glass coatings market include Vitro Architectural Glass, AGC, Inc., Saint-Gobain, Taiwan Glass, Viracon, SCHOTT, Arkema, and Central Glass.
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Waterborne Coating Additives Market Opportunities To Reach $4.11 Billion By 2022
San Francisco, 15 November 2018 - The global waterborne coating additives market is expected to reach USD 4.11 billion by 2022, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts.
Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brushability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022.
Browse Research Report On Waterborne Coating Additives Market : www.grandviewresearch.com/industry-analysis/waterborne-coating-additives-market
Further key findings from the report suggest:
Global waterborne coating additives market demand was 522.8 kilo tons in 2014 and is expected to reach 801.0 kilo tons by 2022, growing at a CAGR of 5.5% from 2015 to 2022.
Global wetting & dispersion agents market size was estimated to be over 150 kilo tons in 2014 and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.
Hydroxyl ethyl cellulose (HEC) was the most preferred rheology modifier for waterborne formulations and accounted for over 28% of the total volume share in 2014. Hydrophobically modified HEC (HMHEC) is expected to be the fastest growing rheology modifier and is estimated to grow at a CAGR of 7.5% in terms of value over next seven years.
Europe emerged as the leading consumer with a demand share exceeding 40% in 2014 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.
Asia Pacific is estimated to witness the fastest growth both in terms of demand and value. The regional market is estimated to exceed USD 1.3 billion by 2022. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.
Major companies operating in global industry include AkzoNobel, Allnex, BASF, Belami Fine Chemicals, Byk, Evonik, Falcon Technologies, Harmony Additive, KaMin LLC, Lubrizol Advanced Materials, Taminco.
View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the waterborne coating additives on the basis of product, and region:
Global Waterborne Coating Additives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Wetting & dispersion additives
Defoaming agents
Rheology modifiers
HEC
HMHEC
EHEC
HMPAPE
HEUR
Others
Flow additives
Others
Global Waterborne Coating Additives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-waterborne-coating-additives-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Waterborne Coating Additives Market is expected to reach USD 4.11 billion by 2022
The global waterborne coating additives market is expected to reach USD 4.11 billion by 2022, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts.
Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brushability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022.
To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/waterborne-coating-additives-market
Further key findings from the study suggest:
Global waterborne coating additives market demand was 522.8 kilo tons in 2014 and is expected to reach 801.0 kilo tons by 2022, growing at a CAGR of 5.5% from 2015 to 2022.
Global wetting & dispersion agents market size was estimated to be over 150 kilo tons in 2014 and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.
Hydroxyl ethyl cellulose (HEC) was the most preferred rheology modifier for waterborne formulations and accounted for over 28% of the total volume share in 2014. Hydrophobically modified HEC (HMHEC) is expected to be the fastest growing rheology modifier and is estimated to grow at a CAGR of 7.5% in terms of value over next seven years.
Europe emerged as the leading consumer with a demand share exceeding 40% in 2014 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.
Asia Pacific is estimated to witness the fastest growth both in terms of demand and value. The regional market is estimated to exceed USD 1.3 billion by 2022. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.
Major companies operating in global industry include AkzoNobel, Allnex, BASF, Belami Fine Chemicals, Byk, Evonik, Falcon Technologies, Harmony Additive, KaMin LLC, Lubrizol Advanced Materials, Taminco.
See More Reports of This Category: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: www.grandviewresearch.com
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Waterborne Coating Additives Market is expected to reach USD 4.11 billion by 2022
The global waterborne coating additives market is expected to reach USD 4.11 billion by 2022, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts.
Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brushability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022.
To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/waterborne-coating-additives-market
Further key findings from the study suggest:
Global waterborne coating additives market demand was 522.8 kilo tons in 2014 and is expected to reach 801.0 kilo tons by 2022, growing at a CAGR of 5.5% from 2015 to 2022.
Global wetting & dispersion agents market size was estimated to be over 150 kilo tons in 2014 and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.
Hydroxyl ethyl cellulose (HEC) was the most preferred rheology modifier for waterborne formulations and accounted for over 28% of the total volume share in 2014. Hydrophobically modified HEC (HMHEC) is expected to be the fastest growing rheology modifier and is estimated to grow at a CAGR of 7.5% in terms of value over next seven years.
Europe emerged as the leading consumer with a demand share exceeding 40% in 2014 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.
Asia Pacific is estimated to witness the fastest growth both in terms of demand and value. The regional market is estimated to exceed USD 1.3 billion by 2022. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.
Major companies operating in global industry include AkzoNobel, Allnex, BASF, Belami Fine Chemicals, Byk, Evonik, Falcon Technologies, Harmony Additive, KaMin LLC, Lubrizol Advanced Materials, Taminco.
See More Reports of This Category: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: www.grandviewresearch.com
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#Vietnam Architectural Waterborne Coatings Market#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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Waterborne Coatings Market Hits USD 4.11 Billion By 2022: By Grand View Research, Inc.
The global waterborne coating additives market is expected to reach USD 4.11 billion by 2022, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts.
Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brushability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022.
Browse full research report on Waterborne Coatings Market: http://www.grandviewresearch.com/industry-analysis/waterborne-coating-additives-market
Further key findings from the report suggest:
Global waterborne coating additives market demand was 522.8 kilo tons in 2014 and is expected to reach 801.0 kilo tons by 2022, growing at a CAGR of 5.5% from 2015 to 2022.
Global wetting & dispersion agents market size was estimated to be over 150 kilo tons in 2014 and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.
Hydroxyl ethyl cellulose (HEC) was the most preferred rheology modifier for waterborne formulations and accounted for over 28% of the total volume share in 2014. Hydrophobically modified HEC (HMHEC) is expected to be the fastest growing rheology modifier and is estimated to grow at a CAGR of 7.5% in terms of value over next seven years.
Europe emerged as the leading consumer with a demand share exceeding 40% in 2014 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.
Asia Pacific is estimated to witness the fastest growth both in terms of demand and value. The regional market is estimated to exceed USD 1.3 billion by 2022. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.
Major companies operating in global industry include AkzoNobel, Allnex, BASF, Belami Fine Chemicals, Byk, Evonik, Falcon Technologies, Harmony Additive, KaMin LLC, Lubrizol Advanced Materials, Taminco.
Browse more reports of this category by Grand View Research : http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the waterborne coating additives on the basis of product, and region:
Global Waterborne Coating Additives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
HEC
HMHEC
EHEC
HMPAPE
HEUR
Others
Flow additives
Others
Global Waterborne Coating Additives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
#Waterborne Coatings Market#Waterborne Coatings Market Size#Waterborne Coatings Market Analysis#Waterborne Coatings Market Trends
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Waterborne Coating Additives Market Estimates and Forecast up to 2022 by Leading Participants, Raw Material Manufacturer, and Suppliers
Global Waterborne Coating Additives Market is expected to reach USD 4.11 billion by 2022, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts.
Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brush ability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022.
Access for Full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/waterborne-coating-additives-market
Further key findings from the report suggest:
Global waterborne coating additives market demand was 522.8 kilo tons in 2014 and is expected to reach 801.0 kilo tons by 2022, growing at a CAGR of 5.5% from 2015 to 2022.
Global wetting & dispersion agents market size was estimated to be over 150 kilo tons in 2014 and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.
Hydroxyl ethyl cellulose (HEC) was the most preferred rheology modifier for waterborne formulations and accounted for over 28% of the total volume share in 2014. Hydrophobically modified HEC (HMHEC) is expected to be the fastest growing rheology modifier and is estimated to grow at a CAGR of 7.5% in terms of value over next seven years.
Europe emerged as the leading consumer with a demand share exceeding 40% in 2014 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.
Asia Pacific is estimated to witness the fastest growth both in terms of demand and value. The regional market is estimated to exceed USD 1.3 billion by 2022. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.
Major companies operating in global industry include AkzoNobel, Allnex, BASF, Belami Fine Chemicals, Byk, Evonik, Falcon Technologies, Harmony Additive, KaMin LLC, Lubrizol Advanced Materials, Taminco.
View All Related Reports from Same Category: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the waterborne coating additives on the basis of product, and region:
Global Waterborne Coating Additives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
HEC
HMHEC
EHEC
HMPAPE
HEUR
Others
Flow additives
Others
Global Waterborne Coating Additives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us@ www.grandviewresearch.com
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Green Coatings Market worth $85.7 Billion by 2018
The “Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) - Global Trends & Forecast to 2018”, analyzes the green coatings market with respect to market drivers, opportunities, and trends in the diverse geographical regions.
Browse 29 market data tables and 135 figures spread through 257 pages and in-depth TOC on "Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) & Geographies (North America (U.S., Canada, Mexico), Europe (Germany, U.K., Italy), Asia-Pacific (China, Japan, India), ROW (Brazil, Russia, Middle East)) - Global Trends & Forecast to 2018". Early buyers will receive 10% customization on reports.
Green coatings offer different characteristics as per the coatings manufacturing and their application requirements in the end products. The waterborne coatings have high demand at a global level and its manufacturing is majorly dominated by Asia-Pacific mainly by China, Japan, and India. The major industries for green coatings are architectural, automotive, industrial, high performance, wood, packaging, and product finishes.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=1260
The green coatings manufacturing companies and research institutions are infusing high investment for the future advancements and technology of environment friendly and nonhazardous coatings. These investments are to create coatings with similar performance as compared to conventional VOC contained coatings. Asia-Pacific is the largest region followed by North America and Europe. Countries such as China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, and others are growing markets for green coatings. Major players in the green coatings industry include AkzoNobel, PPG Industries, Henkel, Sherwin-Williams, Axalta, Valspar, BASF, Kansai, and others.
North America is the global hub for major green coatings manufacturers and their headquarters in U.S. Within Asia-Pacific, most of the major market players are situated in Japan such as Kansai, Nippon, Chugoku Marine Paints, Fujikura Kasei, and others.
The green coatings demand market is analyzed by considering every possible factor that affects this coatings market. The materials demand, in terms of the value and volume market, depicts current and future projections according to parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of leading global companies.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1260
The current worth of the global green coatings market (2012) is $60.6 billion and is estimated to reach $85.7 billion by 2018, growing at a CAGR of 5.9% from 2013 to 2018 under normal conditions. The high demand across the industries such as architectural and decorative, automotive, wood coatings, packaging, and product finishes will increase the overall materials consumption.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More: Find more http://www.marketsandmarkets.com/Market-Reports/green-coatings-market-1260.html
Contact: Mr.Rohan North- Dominion Plaza, 17304, Preston Road, Suite 800, Dallas,TX 75252 Tel: +1-888-600-6441 Email: [email protected]
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#GreenCoatingsMarket#WaterborneCoatingsMarket#PowderCoatingsMarket#High-SolidsCoatingsMarket#RadiationCureCoatingsMarket#AutomotiveCoatingsMarket#WoodCoatingsMarket#IndustrialCoatingsMarket
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Global Asia Pacific Coating Resins Market:Major Manufacturers, Technology Trends, Functional Survey 2023
The vendor landscape of the Asia Pacific coating resins market is characterized by a high degree of fragmentation and intense level of competition, notes Transparency Market Research (TMR). In 2014, the top eight companies in the regional market accounted for around 59.0% in 2014. The competitive landscape is dotted by several medium- and large-sized manufacturers. Small-scale coating resins manufacturers in the region are largely dissuaded to enter the market on account of the bleak profit margins prevalent in most segments.
However, TMR observes that the scope is vast in the area of green and sustainable coating technologies. This is observed against the onslaught of rising industry efforts in several countries of Asia Pacific to adhere to environmental legislations and norms that prohibit toxic emissions from the paints and coating industry. In this context, waterborne coating technologies are expected to present new, lucrative avenues for numerous vendors to capitalize on to get a firm foothold in the market. A growing number of players are also actively engaged in making product innovations to meet the coating demand spanning various industries, in order to gain a competitive edge over others.
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The Asia Pacific coating resins coating resins market is projected to expand at a steady CAGR of 5.9% during the forecast period of 2015–2023. The regional market stood at US$4.3 billion in 2014 and is estimated to reach a worth of US$7.2 billion by the end of the assessment period.
The various end-use industries for the application of coating resins are building and construction, marine, electronics, automotive, and furniture, along with the others segment. Of these, the construction and building industry leads the pack with the dominant share in 2014, vis-à-vis volume. The uptake is catalyzed by extensive construction activities in emerging economies of the region.
Of the various countries witnessing the demand for coating resins in Asia Pacific, China presently holds the sway. It accounted for a major share of the regional market in 2014 and is likely to contribute substantial revenues in the years to come as well. The growth will be driven by extensive manufacturing and consumption of coating resins in the country throughout the assessment period.
Extensive Demand for Coating Applications in Construction and Building and Automotive Industries propelling Growth
The rapid, attractive pace of industrialization and urbanization across Asia Pacific has led to a staggering demand for resins for various coating applications in several end-use industries. The burgeoning demand for architectural coatings for residential as well non-residential sectors is a notable factor accentuating the regional market. The demand is notably catalyzed by the rising spending on commercial construction projects in several emerging economies. The large share of disposable incomes of people in developing countries in Asia Pacific is fueling the regional market growth.
The growth of the Asia Pacific coating resins is further propelled by the rising demand for waterborne, solventborne, and powdered resins in industries, notably in automotive, marine, aerospace, and electronics. In this regard, the widespread demand for coating resins and binders in the automotive industry is boosting the regional market. The large strides being taken by the industry in Asia Pacific is essentially supporting the burgeoning demand.
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Environmental Curbs on Harmful Emissions from Coating Industry key Constraint
In recent years, infrastructural developments are witnessing exciting strides in countries such as Vietnam, which is presenting vast latent opportunities for the regional players.
However the growth of the market tends to be hindered by a few factors. Key among of them are marked fluctuations in raw material costs and the environmental curbs on the emission of volatile organic compounds from the paints and coatings industry. The high price of raw material prices also constrains the supply chain efficiencies in the regional market. Nevertheless, manufacturers across Asia Pacific are focusing on exploring sustainable coating technology options. They are engaged in developing green solutions that are safe for environment and the end users, which has created new, lucrative avenues in Asia Pacific market.
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