#Vietnam Automotive Paints and Coatings Market

[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.

[reedintelligence]

Dyes & Pigments Market Industry Outlook By Forecast Period 2024-2032

The latest study released on the Global Dyes & Pigments Market by Straits Research, Research evaluates market size, trend, and forecast to 2032. The Dyes & Pigments Market consider covers noteworthy inquire about information and proofs to be a convenient asset record for directors, investigators, industry specialists and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, openings and up and coming challenges and approximately the competitors.

Pigments and dyes are two types of colorants that find widespread application in the printing, textile, and automotive sectors, respectively. Dye compounds are ionizing and aromatic substances, and they have a strong attraction to the surface to which they are applied. In order to modify the color of dyes, color modifiers such as methyl and ethyl groups are frequently utilized. In addition to their usage as colorants in a wide variety of polymer and textile dyeing applications, dyes are also utilized in the field of biotechnology.

The global dyes & pigments market size was valued at USD 36.2 billion in 2021 and is projected to reach USD 58.26 billion by 2030, registering a CAGR of 5.43% from 2022 to 2030.

Some of the key players profiled in the study are:

Venator Materials PLC.

KRONOS Worldwide Inc.

The Chemours Company

HeuBach GmBH

DIC Corporation

Get Free Sample Report PDF @ https://straitsresearch.com/report/dyes-and-pigments-market/request-sample

The titled segments and sub-section of the market are illuminated below:

By Type

Dyes

Reactive

Disperse

Vat

Acid

Others

Pigments

Inorganic

Organic

By End-Use

Textiles

Leather

Paper

Paints & Coatings

Plastics

Others

Printing Inks

Paints & Coatings

Plastics

Others

Get Detailed Segmentation @ https://straitsresearch.com/report/dyes-and-pigments-market/segmentation

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

• North America (United States, Mexico & Canada)

• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report:

•To carefully analyze and forecast the size of the Dyes & Pigments Market by value and volume.

• To estimate the market shares of major segments of the Dyes & Pigments Market

• To showcase the development of the Dyes & Pigments Market in different parts of the world.

• To analyze and study micro-markets in terms of their contributions to the Dyes & Pigments Market, their prospects, and individual growth trends.

• To offer precise and useful details about factors affecting the growth of the Dyes & Pigments Market

• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Dyes & Pigments Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Key questions answered:

• How feasible is Dyes & Pigments Market for long-term investment?

• What are influencing factors driving the demand for Dyes & Pigments Market near future?

• What is the impact analysis of various factors in the Global Dyes & Pigments Market growth?

• What are the recent trends in the regional market and how successful they are?

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Region Included are: Global, North America, Europe, APAC, South America, Middle East & Africa, LATAM.

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

At long last, Dyes & Pigments Market is a important source of direction for people and companies.

Thanks for reading this article; you can also get region wise report version like Global, North America, Europe, APAC, South America, Middle East & Africa, LAMEA) and Forecasts, 2024-2032

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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[janetushar1]

Automotive Specialty Coatings Market to Hit $4.08 Billion by 2032

The global Automotive Specialty Coatings Market was valued at USD 3.10 Billion in 2024 and it is estimated to garner USD 4.08 Billion by 2032 with a registered CAGR of 6.5% during the forecast period 2024 to 2032.

Global Automotive Specialty Coatings Market Research Report 2024, Growth Rate, Market Segmentation, Automotive Specialty Coatings Market. It affords qualitative and quantitative insights in phrases of market size, destiny trends, and nearby outlook Automotive Specialty Coatings Market. Contemporary possibilities projected to influence the destiny capability of the market are analyzed in the report. Additionally, the document affords special insights into the opposition in particular industries and diverse businesses. This document in addition examines and evaluates the contemporary outlook for the ever-evolving commercial enterprise area and the prevailing and future outcomes of the market.

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The Major Players Profiled in the Market Report are:-

KCC (South Korea), Nippon Paint (Japan), PPG (US), Axalta (US), BASF (Germany), AkzoNobel (Netherlands), Kansai (Japan), Sherwin Williams (US), Covestro (Germany), DOW Chemical (US), and Solvay (Belgium)

Automotive Specialty Coatings Market 2024 covers powerful research on global industry size, share, and growth which will allow clients to view possible requirements and forecasts. Opportunities and drivers are assembled after in-depth research by the expertise of the construction robot market. The Automotive Specialty Coatings Market report provides an analysis of future development strategies, key players, competitive potential, and key challenges in the industry.

Global Automotive Specialty Coatings Market Report 2024 reveals all critical factors related to diverse boom factors inclusive of contemporary trends and traits withinside the worldwide enterprise. It affords a complete review of the top manufacturers, present-day enterprise status, boom sectors, and commercial enterprise improvement plans for the destiny scope.

The Automotive Specialty Coatings Market document objectives to offer nearby improvement to the market using elements inclusive of income revenue, destiny market boom rate. It gives special observation and analysis of key aspects with quite a few studies strategies consisting of frenzy and pestle evaluation, highlighting present-day market conditions. to be. Additionally, the document affords insightful records approximately the destiny techniques and opportunities of worldwide players.

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Global Automotive Specialty Coatings Market, By Region

1) North America- (United States, Canada, Mexico, Cuba, Guatemala, Panama, Barbados, and many others)

2) Europe- (Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium, and many others)

3) the Asia Pacific- (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam, and many others)

4) the Middle East & Africa- (Turkey, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt, Nigeria, and many others)

5) Latin America- (Brazil, Argentina, Colombia, Chile, Peru, and many others)

This Automotive Specialty Coatings Market Research/analysis Report Contains Answers to your following Questions

What trends, challenges, and barriers will impact the development and sizing of the global market?

What is the Automotive Specialty Coatings Market growth accelerator during the forecast period?

SWOT Analysis of key players along with its profile and Porter’s five forces analysis to supplement the same.

How much is the Automotive Specialty Coatings Market industry worth in 2019? and estimated size by 2024?

How large is the Automotive Specialty Coatings Market? How long will it keep growing and at what rate?

Which section or location will force the market and why?

What is the important thing current tendencies witnessed in the Automotive Specialty Coatings Market?

Who are the top players in the market?

What and How many patents are filed by the leading players?

What is our Offering for a bright industry future?

The Research Objectives of this Report are to:-

Company, key regions/countries, merchandise and applications, historical records from 2018 to 2022, and global Automotive Specialty Coatings Market till 2032. Study and analyze the market length (cost and volume).

To recognize the structure of Automotive Specialty Coatings Market via way of means of figuring out its numerous subsegments.

Automotive Specialty Coatings Market on the subject of the primary regions (with every essential country). Predict the cost and length of submarkets.

To examine the Automotive Specialty Coatings Markets with appreciation to person boom trends, destiny prospects, and their contribution to the general market.

To examine aggressive trends consisting of expansions, contracts, new product launches, and acquisitions withinside the market.

Strategic profiling of key gamers and complete evaluation of growth strategies.

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/automotive-specialty-coatings-market-1173

Reasons to Buy Market Report

The market record presents a qualitative and quantitative analysis of the market based on segmentation that includes each economic and non-economic element.

Automotive Specialty Coatings Market through the region. The market evaluation highlights the consumption of products/services in areas and well-known shows elements influencing the market in every region.

Automotive Specialty Coatings Market. It consists of an in-depth analysis of the market from specific views via Market Porter's Five Forces Analysis and provides insights into the market via the Value Chain.

The Automotive Specialty Coatings Market file provides an outline of market fee (USD) information for every segment and sub-segment.

It consists of an in-depth analysis of the market from distinct views via a 5 forces analysis of the Automotive Specialty Coatings Market and offers insights into the market through the fee chain.

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[blueweave8]

Vietnam Paints and Coatings Market Analysis, Industry Trends, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Vietnam Paints and Coatings Market size by value at USD 2,827.6 million in 2023.During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Paints and Coatings Market size to expand at a CAGR of 5.60% reaching a value of USD 4,109.2 million in 2030. Vietnam's Paints and Coatings Market is being propelled by a burgeoning middle class and rising consumer spending, which fuel demand for high-quality residential and decorative paints. The increased spending is linked to greater emphasis on home aesthetics and renovation activities. The country's favorable demographic trends, including a young and urban population, are also contributing to the market growth as urban dwellers seek modern and stylish living spaces, thereby increasing the use of paints and coatings in residential construction.

By volume, BlueWeave estimated Vietnam Paints and Coatings Market size at 2.8 billion liters in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Paints and Coatings Market size to expand at a CAGR of 6.10% reaching a volume of 4.1 billion litersby 2030. Vietnam's strategic initiatives to attract foreign direct investments in manufacturing and infrastructure projects are significantly boosting the market. As the country becomes a manufacturing hub, the need for protective coatings in various industries, such as automotive, electronics, and machinery, is escalating. Government policies promoting sustainable and eco-friendly practices are fostering the adoption of low-VOC and water-based coatings, aligning with global environmental standards. The rise of the e-commerce sector is also enhancing market accessibility, allowing consumers to conveniently purchase a wide range of paints and coatings online, further driving market expansion.

Sample Request @ https://www.blueweaveconsulting.com/report/vietnam-paints-and-coatings-market/report-sample

Opportunity – Growing automotive and manufacturing sectors

The expansion of Vietnam's automotive and manufacturing sectors is significantly driving the growth of the paints and coatings market. Increased vehicle production and infrastructure development projects are fueling the demand for high-performance coatings to enhance durability and aesthetics. Additionally, the rise in domestic manufacturing activities, supported by government initiatives and foreign investments, is boosting the need for industrial coatings. The trend underscores the pivotal role of these sectors in propelling the growth of Vietnam Paints and Coating Market in the coming years.

Impact of Escalating Geopolitical Tensions on Vietnam Paints and Coatings Market

The growth of Vietnam Paints and Coatings Market is at risk due to escalating geopolitical tensions. Trade disruptions, supply chain constraints, and increased tariffs could lead to shortages of raw materials, increasing production costs. It could also hinder exports, slow technological advancements, and cause pricing volatility. To mitigate these risks, companies should diversify supply sources and explore local production options.

Architectural End Use Segment Holds Largest Market Share

Vietnam Paints and Coatings Market is comprised of Architectural and Industrial end use segments. The architectural segment is a larger contributor to the growth of Vietnam Paints and Coatings Market by end use. The segment’s dominance is driven by the country's booming construction and real estate sectors, as well as the increasing demand for residential and commercial buildings. The architectural segment encompasses products used for interior and exterior surfaces, providing protection and aesthetic appeal to structures. The growing urbanization and infrastructure development in Vietnam significantly contribute to the prominence of the architectural segment in the market.

Competitive Landscape

Vietnam Paints and Coatings Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Oranges Co., Ltd, Jotun Paints Vietnam Company Limited, AkzoNobel Powder Coating Ltd, Nippon Paint (Vietnam) Co., Ltd, Hanoi Synthetic Paint Joint Stock Company, Dong Tam Paint, Alphanam Paint, and Hoa Binh Paint. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Vietnam Paints and Coatings Market.

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BlueWeave Consulting & Research Pvt. Ltd

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[tamanna31]

Epoxy Resin Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Epoxy Resin Industry Overview

The global epoxy resin market size was estimated at USD 11.25 billion in 2023 and is expected to grow at a CAGR of 6.3% from 2024 to 2030.

Increasing demand for paints and coatings is anticipated to drive market growth significantly during the forecast period. Increasing demand for epoxy resins is attributed to growing spending on construction, particularly residential construction, especially in North America and Western Europe. The rapid growth in global manufacturing activities is expected to fuel the demand for paints & coatings used in the production of motor vehicles and other durable goods, as well as industrial maintenance applications. This is expected to boost the demand for epoxy resins globally.

Gather more insights about the market drivers, restrains and growth of the Epoxy Resin Market

Asia Pacific has been the leading consumer of epoxy resins, fueled by increasing demand from China and India. Infrastructure development, along with increasing automotive production, has fueled paints & coatings demand in the region. Increasing disposable income and willingness to spend are expected to drive the market over the coming years.

In the recent past, global automotive production increased rapidly due to growing demand from middle-class families and rising disposable income across emerging nations such as China, India, Brazil, Vietnam, and others. The rise in automotive demand propelled the consumption of paints & coatings across the automotive industry, thereby fueling the demand for epoxy resins. However, volatile raw material price of epoxy resin is expected to restrain the market growth during the forecast period.

In addition, the outbreak of COVID-19 negatively impacted the demand for epoxy resin in various applications, including paints & coatings, adhesives, wind turbines, and others, owing to the stalled manufacturing activities, restrictions in supply and transportation, and economic slowdown across the globe in 2020. Moreover, the recommencing industrial operation is projected to positively influence the market demand in the coming years.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global medical polyoxymethylene market size was estimated at USD 117.69 million in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.

• The global multi-med adherence packaging market size was valued at USD 327.73 million in 2023 and is expected to expand at a CAGR of 6.0% from 2024 to 2030.

Market Concentration & Characteristics

The market space is moderately consolidated with the presence of key companies, such as 3M, Aditya Birla Management Corp. Pvt. Ltd, BASF SE, and Sika AG. These companies adopt various strategic initiatives, such as new product launches, partnerships, capacity expansions, and collaborations, to expand their presence in the market. For instance, in March 2024, Safic-Alcan announced its expansion by collaborating with BB Resins Srl. BB Resins Srl is a manufacturer of epoxy resin hardeners, which boasts an extensive range of products specifically designed for the coatings, construction, and adhesives sectors. With this collaboration, Safic-Alcan aims to expand its business across Poland.

The industry is characterized by a high degree of innovation. Technological advancement, upgradation of electronic products, and circuit assembly have propelled PCB fabrication technology toward micro via, fine-trace, high-density tracing, and multi-layers. The usage of epoxy resins enhances thermal dissipation, dimensional stability, and dielectric loss, therefore, propelling the demand for epoxy resins in the manufacture of CCL. In recent years, the electronic industry has grown rapidly, thereby increasing the demand for PCBs across the globe.

In addition, stringent regulations shape the market’s demand and supply dynamics. Stricter regulations on volatile organic compounds (VOCs) and hazardous substances can limit the use of certain raw materials and formulations. This can lead to a shift in market preferences towards eco-friendly and compliant products. For instance, the European Union’s REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) regulation requires comprehensive data on the safety of chemical substances, pushing manufacturers to innovate and produce safer epoxy resin formulations

Key Companies & Market Share Insights

Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

The following are the leading companies in the epoxy resin market. These companies collectively hold the largest market share and dictate industry trends:

3M

Aditya Birla Management Corporation Pvt. Ltd.

Atul Ltd

BASF SE

Solvay

Huntsman International LLC

KUKDO CHEMICAL CO., LTD.

Olin Corporation

Sika AG

NAN YA PLASTICS CORPORATION

Jiangsu Sanmu Group Co., Ltd.

Jubail Chemical Industries LLC

China Petrochemical & Chemical Corporation (SINOPEC)

Hexion

Kolon Industries, Inc.

Techstorm

NAGASE & CO., LTD

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

[tmr-blogs2]

Ethyl Acetate Market to Garner USD 8.8 billion by 2031

The global ethyl acetate market was estimated at a value of US$ 5.5 billion in 2022. It is anticipated to register a 5.9% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 8.8 billion by 2031.

The demand for solvent-based paints and coatings, in particular, is anticipated to impede the growth of the ethyl acetate market due to growing environmental concerns and strict restrictions. Throughout the projection period, there will likely be a sharp increase in demand for ethyl acetate due to the manufacturing vertical's propensity to spend more on flexible packaging in order to achieve distinction.

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Key Findings of Market Report

Laminated adhesives and high-resolution printing inks are made with ethyl acetate as a solvent.

These are used in a variety of plastic films and flexible packaging materials.

Flexible packaging is more affordable, recyclable, and comes in a range of sizes. It also has a higher durability.

A wide range of sectors have a significant demand for flexible packaging.

Polymer resins that are used to generate excellent coating solutions can be dissolved and dispersed by ethyl acetate.

This improves the packaging's durability and barrier qualities.

The industrial sector's growing preference for flexible packaging is anticipated to have a beneficial effect on the growth of the ethyl acetate market over the coming years.

The following companies are well-known participants in the global ethyl acetate market:

INEOS AG

Sekab Biofuels and Chemicals AG

Solventis Ltd.

Sasol Ltd.

Daicel Corporation

Ashok Alco-Chem Ltd.

Celanese Corp.

Eastman Chemical Co.

Godavari Biorefineries Ltd.

Jiangsu Sopo (Group) C. Ltd.

Global Market for Ethyl Acetate: Regional Outlook

Various reasons are propelling the growth of the ethyl acetate market in different regions. These are:

In 2022, the automotive, pharmaceutical, and food and beverage industries in China, Japan, and India accounted for a significant portion of the global ethyl acetate market share, with Asia Pacific holding a share of over 40%. The increasing demand for printing inks, adhesives, and coating solvents is predicted to cause the ethyl acetate markets in Vietnam and Thailand to expand considerably during the next several years.

The United Kingdom, Germany, and France are home to a significant number of suppliers and manufacturers of packaging solutions, chemical products, vehicles, and food and drinks, which contribute to Europe's significant portion of the worldwide ethyl acetate demand.

Global Ethyl Acetate Market: Key Players

The ethyl acetate industry is very competitive globally, and its major competitors are expanding their customer base by using an organic approach to development. In order to obtain a competitive advantage, they are also utilizing strategic initiatives including partnerships, joint ventures, and mergers and acquisitions Leading producers of ethyl acetate are also concentrating on creating novel bio-based solutions to meet the increasing demand for environmentally friendly goods globally.

Few of key developments by the players in this market are:

Celanese Corp. announced in February 2023 the introduction of a range of innovative sustainable solutions for different acetate chain materials. They go by the name "ECO-B."

CropEnergies AG declared in December 2022 that it will begin building a factory to convert sustainable ethanol into renewable ethyl acetate.

IOL Chemicals as well as Pharmaceuticals declared in October 2022 that the European Union had granted it regulatory approval (REACH certification) to supply ethyl acetate.

Yip's Chemical stated in July 2022 that it had signed a deal to sell PAG a 51% effective stake in Handsome Chemical, one of its solvents business subsidiaries, for around US$ 0.36 billion. With a 1.6 metric ton yearly production capacity, Handsome Chemical is the biggest manufacturer of acetate solvents.

Viridis Chemical, LLC produced sustainable ethyl acetate at its Columbus, Nebraska, production site in March 2022. In this sense, HELM U.S. is Viridis' marketing partner.

Celanese Corporation declared in March 2021 that it would substitute recycled carbon dioxide for methanol synthesis at its chemical production facility in Clear Lake, Texas, Inc. One of the essential components of many acetyl compounds, such as ethyl acetate, acetic acid, and vinyl acetate monomer (VAM), is methanol.

Global Ethyl Acetate Market Segmentation��

Application

Printing Inks

Adhesives

Cosmetics

Paints & Coatings

Pharmaceuticals

Food & Beverages

Herbicides

Others (including Marine and Mining)

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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[pujarathod]

USD 100.60 Billion Growth In Decorative Coatings Market Size With 4.20% By 2032

Decorative Coatings Market Size Was Valued at USD 69.47 Billion in 2024 and is Projected to Reach USD 100.60 Billion by 2032, Growing at a CAGR of 4.20% From 2024-2032.

Decorative Coatings Market Share, Size, Growth, Trends, & Industry Forecast Analysis Report, By Type, Application and Regional Segment Forecast, 2024-2032, provides an extensive analysis of current market dynamics and predicted future trends.

Decorative coatings, being scratch-resistant, and giving a shiny color to metallic and plastic substrates, are used in lots of applications. Decorative coatings assist in enhancing the aesthetics and provide safety to unique surfaces. It may be implemented to residential residences on roof coatings, wall paints, or deck finishes, building, trims and fittings. Furthermore, the software of the decorative coating consists of automotive indoors and outside parts, and patron products, consisting of, cell phones, computer systems, cameras, earrings and watches, toilet equipment, door handles, and eyewear

Leading Key Players Covered in Decorative Coatings market:

Asian Paints,Axalta,AkzoNobel,Berger Paints,Benjamin Moore,BASF,Cromology,Covestro,DowDuPont,DAW SE,Dunn-Edwards,DuluxGroup,RPM International,The Sherwin-Williams Company,PPG Industries,Kansai Paints,Arkema,Masco Corporation,NIPPON PAINT,NOROO Paint & Coatings,Nuplex Industries,Ring International,Tikkurila and others major players.

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The study report goes into great detail on the predicted trends and consumer behavior patterns that will affect the growth of the global Decorative Coatings market. The product, application, and region components of the global Decorative Coatings market research study are separated into three segments. Each division is broken down into chapters that cover numerous aspects. Year-over-year growth graphs and segment-specific drivers and restraints are included in the chapters. The research also includes government estimates for regional markets that have an impact on the global Decorative Coatings industry.

Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.

Segmentation of Decorative Coatings market:

By Product:

 By Application:

 If You Have Any Query of Decorative Coatings Market Report, Visit:

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Regional Analysis for COVID-19 Outbreak-Global Decorative Coatings Market:

(U.S., Canada, Mexico)

(Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

(Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

(China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

(Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

(Brazil, Argentina, Rest of SA)

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[chemicalresearchupdates]

Harnessing Sustainable Practices in the Ilmenite Market: An In-depth Study

Ilmenite is a naturally occurring titanium-iron oxide mineral which is used as the primary source of titanium dioxide. Ilmenite is smelted to produce titanium dioxide, which is a widely used whitening pigment due to its non-toxic properties. Titanium dioxide has high demand in the paints and coatings industry where it is used to provide opacity, whiteness and brightness to various paints, plastics, papers and other applications. The growing construction industry across the world has fueled the demand for paints and coatings in recent years. The global ilmenite market is estimated to be valued at US$ 13.38 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The rising demand from the paints and coatings industry is a major driver for the ilmenite market. As mentioned earlier, titanium dioxide obtained from ilmenite is used extensively in the formulation of various paints and coatings. The booming construction industry globally has augmented the consumption of paints and coatings in buildings, infrastructure and other construction applications. According to statistics, the global construction industry experienced a growth rate of over 3% during the period 2013 to 2018. The burgeoning construction sector in developing economies such as China, India etc. is anticipated to boost the paints demand, thereby favoring the market for ilmenite over the forecast period from 2023 to 2030. Another factor propelling the ilmenite market is its use as a natural mineral supplement for livestock. Ilmenite contains mineral iron which is an essential nutrient for animals. Many farmers add ilmenite grit or powder to animal feed in order to meet their iron requirements. The thriving livestock industry, especially in Americas and Asia Pacific is expected to drive the consumption of ilmenite in the coming years. SWOT Analysis

Strength: Ilmenite has wide industrial applications which helps drive its demand. It is a major source of titanium dioxide which is used in paints, plastics, papers and other applications. Many countries have sizeable Ilmenite reserves which ensures stable supply.

Weakness: Ilmenite has lower TiO2 content compared to other titanium minerals which increases production costs. Production of titanium dioxide from Ilmenite is capital intensive and energy intensive which affects its profitability.

Opportunity: Growing construction and infrastructure activities are increasing the use of paints and coatings which will boost demand for titanium dioxide and subsequently Ilmenite. Expanding applications in automotive, aerospace and other industries also present new growth opportunities.

Threats: Fluctuations in raw material prices and foreign currency exchange rates pose risks. Stringent environmental regulations for mining activities could increase production costs. Key Takeaways The global Ilmenite market is expected to witness high growth. The global ilmenite market is estimated to be valued at US$ 13.38 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030.

Regional analysis related content comprises growing demand from China, India and other Asian countries will drive the Asia Pacific region's market share over the forecast period. Countries like India, China, Vietnam have witnessed highest growth in infrastructure development and construction activities in recent years which is increasing consumption of paints, plastics and other end use industries thereby augmenting demand for Ilmenite in the region. Key players related content comprises Key players operating in the Ilmenite market are Abbott Blackstone, China Vanadium Titano-Magnetite Mining, Illuka Resources Limited, Jiangxi Jingshibao Mining Manufacturing Co., Ltd, Kenmare Resources, PT Monokem Surya, Rio Tinto, V.V Mineral, Yucheng Jinhe Industrial Co., Ltd. These players are focused on capacity expansion plans and strategic partnerships to meet rising demand for Ilmenite. For instance, Rio Tinto signed a multi-year Ilmenite supply agreement with Chemours to support growth in its titanium technologies business.

[alapolystabs25]

Global Market Trends: Zinc Stearates Manufacturers and Beyond

In the ever-evolving landscape of industrial production, the significance of additives and stabilizers cannot be overstated. Among these, calcium stearates have emerged as a crucial component across various sectors. From plastics to rubber, from pharmaceuticals to construction materials, calcium stearates play a pivotal role in enhancing product quality and performance. This article delves into the global market trends of calcium stearates manufacturers and explores the emergence of Ala Polystabs as a leading zinc stearates manufacturer and supplier in India.

The Versatility of Calcium Stearates:

Calcium stearates, which are salts or esters of stearic acid, exhibit exceptional versatility. They are widely recognized for their excellent lubricating properties, heat stability, and water repellency. In the plastics industry, calcium stearates are used as lubricants and release agents, facilitating smoother processing and preventing adhesion. Similarly, in the rubber industry, they improve the dispersion of fillers and enhance the overall processing efficiency. Beyond these sectors, Vietnam Calcium Carbonate Importers find applications in paints, coatings, textiles, and even cosmetics.

Rising Demand in Various Sectors:

The global market for calcium stearates has been witnessing substantial growth due to the expansion of end-use industries. The automotive and construction sectors, in particular, have contributed significantly to the demand for these additives. With the automotive industry's emphasis on lightweight materials and improved performance, calcium stearates have found their way into manufacturing processes, ensuring higher quality and durability. In the construction realm, calcium stearates aid in stabilizing PVC formulations for pipes, profiles, and fittings, thus bolstering their resistance to environmental stresses.

Ala Polystabs: Leading Zinc Stearates Manufacturers & Suppliers in India:

Among the prominent players in the market, Ala Polystabs has garnered attention for its exceptional contributions to the industry. Specializing in the production of Calcium Zinc Stabilizers Manufacturers in India, Ala Polystabs has established itself as a reliable manufacturer and supplier based in India. Zinc stearates share similarities with calcium stearates in terms of their applications as lubricants and mold release agents, but they also find use in the rubber, plastics, and pharmaceutical sectors.

Quality and Innovation at Ala Polystabs:

What sets Ala Polystabs apart is its commitment to quality and innovation. The company has invested significantly in research and development, resulting in advanced formulations that cater to the evolving needs of the market. Their products are known for their consistent quality, compatibility with various materials, and adherence to industry standards. Ala Polystabs' approach to sustainable production has also resonated well with environmentally conscious industries, further propelling their market presence.

Global Outreach and Future Prospects:

Ala Polystabs' dedication to excellence has led to its products being recognized not only in India but also on a global scale. With an expanding international clientele, the company is actively contributing to the transformation of various industries worldwide. As the demand for efficient additives continues to surge, Ala Polystabs remains poised to seize new opportunities, innovate further, and solidify its position as a leader in the realm of zinc stearates manufacturing.

Conclusion: The global market trends for Zinc Stearates Manufacturers exemplify the critical role these additives play across diverse industries. As demand rises across sectors like automotive, construction, and beyond, the significance of reliable and innovative manufacturers like Ala Polystabs cannot be understated. Their dedication to quality, sustainability, and continuous improvement ensures that the industrial landscape will continue to benefit from the remarkable properties of calcium and zinc stearates.

[chemanalystdata]

Acetic Acid Market is Expected to Grow at a CAGR of 4.83% until 2030 | ChemAnalyst

According to ChemAnalyst report, “Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Acetic Acid market witnessed a demand around 11.9 million tons in 2020 and is anticipated to grow at a healthy CAGR of 4.83% until 2030, owing to its demand by several end use industries as an important chemical or industrial reagent such as a food acidity regulator, an antimicrobial food preservative and protic solvent, etc.

Acetic acid, known also as glacial acetic acid (100% pure) or ethanoic acid. It is a colorless, liquid organic compound with a slightly pungent vinegar like odor and sour taste. Industrially, Acetic acid is produced via two processes such as methanol carbonylation (Synthetically), and ethylene oxidation (by Bacterial fermentation).  Majority of the Acetic Acid produce worldwide is through carbonylation of Methanol while Acetic Acid synthesized by ethylene oxidation is around 10% only and prominently for vinegar production. For acetic acid production technologies, major technology licensors include Eastman, British Petroleum, Celanese, and LyondellBasell.

Read Full Report Here: https://www.chemanalyst.com/industry-report/acetic-acid-market-609

Major application of Acetic Acid includes the manufacturing of vinyl acetate monomer (VAM) which consumes almost 34% of the total Acetic acid produced globally and is further used in the production of other Polymers. Acetic Acid also finds application in the production of purified terephthalic acid (PTA), ethylene acetate, acetic anhydride and others which consumes 23%, 20% 9% and 14% of the Acetic Acid respectively. Among these purified terephthalic acid is the fastest growing segment owing to consumption as a precursor to polyethylene terephthalate (PET) which is further employed to make plastic bottles and clothing.

In the first half of 2020, COVID-19 outbreak across the global caused impositions of nationwide lockdowns and slowdown or halt in the manufacturing activities of many industries. It resulted into the decline in the demand of Acetic Acid as some its end use industries such as plastics, polymer, adhesives, paints, and coatings were badly impacted during the first wave of pandemic due to hit in the automotive and construction sectors. Although, even in the pandemic there was a constant demand for Acetic Acid from Food & Beverage and Pharmaceuticals. Moreover, since the latter half of 2020, after the relaxation in lockdown coupled with the resumption in industrial operations, a speedy recovery in the demand for Acetic Acid was witnessed and is expected to propel in the forthcoming years.

Asia Pacific region accounted for the major share of global Acetic Acid market and is anticipated to grow significantly over the forecast period owing to the surging demand for Polymers, Plastics from the growing sectors such as construction, Automotive and household in the region. Additionally, China is the leading manufacturer and consumer of plastics and polymers as well as a booming automobile hub.  Moreover, several end use industries are investing in this region (China, India, south Korea, Japan, Vietnam) to set up their manufacturing plants which consequently increasing the market growth of Acetic Acid in Asia pacific.

According to ChemAnalyst report, “Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Major players for Acetic Acid globally include Jiangsu Sopo (Group) Co.Ltd,, Shanghai Wujing Chemical, Yankuang Cathay Coal Chemicals Co.Ltd., Henan Shunda Chemical Technology Co, Assam Petrochemicals, Indian Oil Corporation, DuPont, Eastman Chemical Company, Celanese Corporation, Lyndell Basell, Sasol, and Others. 

Read Free Sample Report: Acetic Acid Market Analysis Report

“Acetic Acid and its derivatives, finds applications in various industries such as Plastics and Polymers, Food and Beverages, Adhesives, Pharmaceuticals, Paints and Coatings and Others. Growing automobile, Construction and Household sectors consequently drive the market for Polymers, adhesives, sealants, paints and coatings that directly fuels the demand for Acetic Acid.  All these applications are likely to offer new opportunities for the major players to expand their capacities as well as investing in the greenfield projects to meet the rising demand for Acetic acid which ultimately boost Acetic acid market in the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

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[chemicalsmaterialsnews]

Rapid Urbanization Driving Demand for Automotive and Industrial Filters

There are three main filters in any engine-driven automobile: oil filter, air filter, and fuel filter. The primary use of filters is to enable flow and trap impurities, such as dust, airborne pathogens, and dirt, which could, otherwise, enter the engine through motor oil, fuel, or any other substance.

Moreover, the rising number of motor vehicles on the roads, led by the rapid urbanization, increasing disposable income, and surging commercial activities, has caused a massive rise in the pollution level. Developed countries have implemented strict regulations to deal with vehicle emissions, while the emerging economies have also started to do the same.

Essentially, the population explosion in developing countries and urbanization are contributing extensively to the growing need for consumer products. Countries such as China, Indonesia, Vietnam, the Philippines, and Malaysia are experiencing a tremendous industrial production growth rate, which is propelling the amount of GHG emission and volume of industrial effluents being.

Earlier, manufacturing plants used to be equipped with filter paper rolls, but they cannot be reused and washed. In this regard, reusable filter belts are eco-friendly, as they are recyclable and of a high quality. Moreover, filter bags are widely used in automotive production; they are installed in sentinel filters to facilitate liquid filtration, such as paints or cutting oils, coolants, and coatings.

In addition, the higher density of the filter media increases the ability to capture coarser particles and allows the smaller particles to pass through the varying layers of the filter bag, hence preventing clogging. These filter bags can retain a substantial quantity of particles due to their higher thickness.

The key manufacturers of industrial and automotive filters are launching new products and modifying the existing ones to advance their position and stay on the path to growth. A 5-nm asymmetric nylon filter was recently launched by the Pall Corporation for semiconductor lithography. It is aimed at minimizing the filter start-up, chemical waste, and toll time.

Similarly, lube filters integrated with polymeric nanotechnology-based synthetic media have been launched by Cummins. This product is utilized in the filter engines of Cummins to remove particles with a size of 12 microns.

Therefore, the rapid urbanization and the surge in industrial activities lead to the rising demand for industrial and automotive filters.

Browse Full Report Filters (Industrial and Automotive) Market Geographical Insight

[akankshastraitsresearch]

Chemical Segment to Hold a Considerable Share the Market Growth during the Forecast Period

The world chemical sales were valued at around USD 3722 billion for the financial year of 2018. The chemical industry plays a key role in the world economic landscape and plays an important role in the economic prosperity and transformation of various economies around the world. The chemical industry has been seeing unprecedented growth especially in chemicals that are in demand post-pandemic and also in new technology-based chemicals that are more efficient and less polluting.

Additionally, there has been increased investment in the research and development activities in the chemical industry to meet the various targets also known as the United Nations Sustainable Developmental Goals (SDGs). With the increasing penetration of big data, the chemical industry is set to see exceptional growth during the forecast period in terms of new chemical discoveries. Companies globally are adopting artificial intelligence and industry 4.0 to stay ahead in the game.

According to the Oxford Economics data, the total share of the chemical industry to the world GDP was approximately USD 5.72 trillion during the year 2018. This was coupled with the total investment in R&D activities was close to USD 50 billion. This highlights the potential of the chemical industry in the upcoming decade.

Ethyl tertiary butyl ether finds increased application in the chemical industry for various applications. All these factors are anticipated to create an upswing for market growth in the coming years.

COVID-19 Impact Analysis

 The coronavirus pandemic has created a blip in the financial sectors all over the globe. Countries all over the globe are recovering from the unexpected shock. The recovery phase has been expiating with the help of the various government stimulus packages to jump-start economies.

While there has been a short-term negative impact of COVID-19 at every industrial level globally, there are some outliers like the chemical industry that have seen an increase in demand for specialty chemicals and bulk chemicals due to a sudden increase in end-user products that require the chemical for its manufacturing.

Chemical industries focused on isopropyl alcohol, sanitizers, and disinfectants also have seen the greatest demand in recent times. In near future as well, the chemical sector will continue to see a rise with the increase in fuel demand for automotive and other applications. However, there has been a decrease in demand as well as the prices of petrochemical oil globally and the world is investing more and more in renewable energy markets and clean tech especially in the post-COVID era.

It is very unlikely that the market scenario will reach the highs of the pre-COVID era for the petrochemical oil industry and may hamper the market growth for ethyl tertiary butyl ether.

Global Ethyl Tertiary Butyl Ether Market: Key Players

 ·         LyondellBasell Industries Holdings B.V.

·         Total S.A.

·         Repsol S.A.

·         Evonik Industries AG

·         SABIC

·         Braskem

·         Neste

·         JXTG

·         Nippon Oil & Energy Corporation

·         PKN ORLEN

·         Cosmo Oil

·         PCK Raffinerie GmbH

·         Compañía Española de Petróleos, S.A.U.

·         CEPSA

Global Ethyl Tertiary Butyl Ether Market: Segmentation Covered

 By Fuel Type

·         Petrol

·         Diesel

·         Bio- Gasoline

  By Application

·         Petrochemical

·         Chemical

·         Pharmaceutical

·         Paints & Coatings

·         Others

Global Ethyl Tertiary Butyl Ether Market: Regions Covered

North America

·         The U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         France

·         Italy

·         The U.K.

·         Spain

·         Russia

·         Poland

·         The Rest of Europe

Asia-Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Vietnam

·         Indonesia

·         Malaysia

·         Singapore

·         The Rest of APAC

Central and South America and the Caribbean

·         Brazil

·         Argentina

·         Colombia

·         Rest of Central and South America and the Caribbean

The Middle East and Africa

·         Saudi Arabia

·         The UAE

·         Iran

·         Kuwait

·         Tanzania

·         South Africa

·         The Rest of MEA

[blogaarti]

Ink Solvents Market with Insights on the Key Factors and Trends Impacting the Growth 2027

Ink solvents have a highly diverse application pool. It includes printing, outdoor products, packaging, plastic printing, tech products, and bottle printing. These solvents are essential for the effective marketing of many consumer products such as paints and coatings, personal care products, cleaning products, automotive, and healthcare applications. With time, many types of ink solvents have emerged including alcohols, hydrocarbons, and scented solvents. Each product category has carved its own niche in the overall ink solvents market. The presence of multiple favourable factors has contributed to the rapid growth of the global ink solvents market throughout the study period. In such a business landscape, novel techniques such as flexography are becoming popular. Moreover, promising trends in the packaging industry are projected to provide the impetus for widespread market expansion in the coming years.

 For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/ink-solvents-market

 Thriving Packaging Industry to Create Significant Growth Prospects 

The flourishing packaging sector is contributing to the paced growth of the ink solvents market. Flexible packaging is gaining traction and ink solvents are used in the formulation of printing inks to aid the ink flow into the substrate. The convenient packaging of consumer goods, trouble-free customisation, lightweight features, and relatively higher affordability are constituting fruitful business opportunity creation. Soaring demand and competition in the skincare and cosmetics industry are also furthering the market expansion. Moreover, the growth of the e-commerce sector is enabling more effective marketing of niche products, a streamlined supply chain, and efficient product discovery. As these co-dependent markets flourish, the global ink solvents market is also poised to showcase promise.

 Rapid Adoption of Flexography to Sustain Promising Market Expansion 

Of late, many innovative printing techniques have been becoming popular. Flexography is a technique which uses rotary printing to apply ink to varied surfaces via flexible rubber printing plates. The plates can also be made up of other elastomeric materials. Flexographic printing is commonly used for printing on metal films, plastics, cell phones, and other smooth surfaces for packaging. Moreover, its large-format printing and high-quality printing are also attracting the market players’ attention. Food packaging, advertising, and textile sectors are actively employing flexographic printing due to its notable benefits. The cumulative force of these factors is expected to lead the global ink solvents market to maturity in the forecast period. Asia Pacific to Lead Ink Solvents Market on Account of Widespread Consumer Goods Applications 

Paced growth in co-dependent sectors and growing adoption of flexographic printing techniques are boding well for the ink solvents market in Asia Pacific. High population, rapid urbanisation, high disposable incomes, presence of major market players, and thriving textile and advertising sectors are cumulatively catapulting the region to a market leadership position. Major economies such as China, India, Vietnam, and Indonesia are major contributors to this trend. Other favourable factors for the regional market expansion include high disposable incomes and greater awareness among customers.

 Prominent Market Entities 

Some of the most active players in the ink solvents market include BASF SE (Germany), Eastman Chemical Company (U.S.), Royal Dutch Shell (Netherlands), Ashland Inc. (U.S.), Celanese Corporation (U.S.), Vertec Biosolvents Inc. (U.S.), Evonik Industries AG (Germany), Ineos AG (Switzerland), Omnova Solutions (U.S.), Dow Chemical Company (U.S.), Solvay AG (Belgium), and Arkema S.A. (France).

 For More Information Visit: https://www.fairfieldmarketresearch.com/report/ink-solvents-market

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[constructioandchemicalblog]

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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