#Vietnam Automotive Paints and Coatings Market

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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.

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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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[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

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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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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:

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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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Decorative Coatings market share for key players, along with new projects and strategies that players have adopted over the past five years

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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.

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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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[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

[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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[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

[blueweave8]

Polyurethane Foam Market Growth, Trends, Forecast 2022-2028

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the polyurethane foam market was worth USD 42.9 billion in the year 2021. The global polyurethane foam market is forecast to grow at a CAGR of 7.40%, earning revenues of around USD 70.1 billion by the end of 2028. One of the major market drivers is the continuing expansion in the building industry, along with increasing product demand from the furnishing sector. In addition, the extensive usage of flexible and semi-rigid polyurethane foams with coatings, paints, and adhesives in residential and commercial buildings is fueling market expansion. However, the high cost of raw materials involved in the production of polyurethane foam may act as a huge restraining factor for the market growth.

High Demand for High-Density Composition Foam is Driving Polyurethane Foam Market

Based on density composition, the global polyurethane foam market is segmented into low-density polyurethane foams, medium-density polyurethane foams, and high-density polyurethane foams. The high-density polyurethane foam segment accounts for the largest market share. This kind of density composition is an industrial-grade foam that comes in all firmness. It is highly capable of withstanding high pressure, unlike other density compositions, due to which they are widely used in various industries including building and construction.

Expanding Building and Construction Industry is Propelling Polyurethane Foam Market Growth

Based on end-user, the global polyurethane foam market is segmented into bedding & furniture, building & construction, electronics, automotive, footwear, packaging, and others. The building and construction industry accounts for the largest market share owing to the wide range of polyurethane foam in this sector. This foam is utilized as a thermal insulator, in flooring and waterproofing, as well as for air sealing. Spray and stiff polyurethane foams are also employed in construction as structural and insulating foams.

Request for Sample Report @ https://www.blueweaveconsulting.com/report/polyurethane-foam-market/report-sample

Polyurethane Foam Market - By Type

Based on type, the global polyurethane foam market is segmented into flexible foam, rigid foam, and spray foams. The spray foams segment holds the largest share in the polyurethane foam market. Spray foams are commonly used for thermal and acoustic insulation, as well as flotation and roofing. These foams are utilized for both open-cell and closed-cell foam insulations in the building and construction sector and are primarily used for heat and sound insulation, which is fueling its market demand.

Polyurethane Foam Market - Regional Insights

Geographically, the global polyurethane foam market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the polyurethane foam market owing to increasing construction activities in emerging economies such as China, India, Vietnam, etc. Furthermore, the market is expected to benefit from increased penetration of polyurethane foam producers in these countries due to low-cost manufacturing and strong demand throughout the projected period.

Impact of COVID-19 on Polyurethane Foam Market

The COVID-19 epidemic had a detrimental influence on the global polyurethane foam market. During the lockdown, key end-user industries of polyurethane foam, such as construction and automotive, were entirely shut down, resulting in a huge drop in demand for polyurethane foam. Furthermore, due to limitations on import and export activity, the supply of raw materials was hampered. Several nations postponed their need for polyurethane foam during the peak of the COVID-19 spread, resulting in huge market losses.

Competitive Landscape

The leading market players of the polyurethane foam market are Inoac Corporation, Ufp Technologies, Inc., Saint-Gobain, Henkel Ag & Co. Kgaa, Basf Se, Wanhua Chemical Group Co., Ltd., Eurofoam Group, Polybit, Huntsman International Llc, Nitto Denko Corporation, Rogers Corporation, Foampartner, Covestro Ag, Sekisui Chemical Co., Ltd., Dow Inc., and other prominent players.

The market is consolidated with the presence of several global as well as regional industry players. The companies are significantly investing in expanding their production capacities to meet the surging global demand. They are establishing new production plants in unexplored regions to exploit market opportunities. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

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[chemicalresearchupdates]

Understanding the Competitive Landscape of the Industrial Garnet Market

Industrial garnet or abrasive garnet refers to a group of manganese aluminium silicate minerals that are used for their hardness and abrasive properties. The minerals are extensively used as abrasives in applications such as water jet cutting, abrasive blasting media, water filtration, woodworking, and more. Garnet find applications in water jet cutting owing to their angular crystalline structure that enables precision cutting. They are also used in abrasive blasting media for surface preparation and cleaning applications in different industrial sectors. The global Industrial Garnet Market is estimated to be valued at US$ 1024.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

The growing use of garnet as abrasive blasting media and water jet cutting applications offers significant growth opportunity for the industrial garnet market. Garnet is widely used as an effective abrasive blasting media for surface preparation in industries such as marine, aerospace, automotive, and construction. It is also used for preparation of surfaces prior to painting and coating. Additionally, garnet finds increasing usage in precision water jet cutting applications owing to its hardness and angular structure. The rising application of garnet in abrasive blasting and water jet cutting across different industries is expected to drive the demand substantially over the forecast period. Porters Analysis

Threat of new entrants: Low capital requirements for mining operations and processing facilities enables easy entry but established players dominate domestic and international markets making it difficult for new players.

Bargaining power of buyers:Buyers have moderate to high bargaining power due to availability of substitutes and competitive supplier market with key players operating globally.

Bargaining power of suppliers: Mining companies and garnet concentrate suppliers have low to moderate bargaining power due to presence of substitutes and availability of raw material sources globally.

Threat of new substitutes: Substitutes like ceramic beads, recycled materials, plastics and engineered ceramics pose threat to garnets used in water filtrations, abrasives and blast media.

Competitive rivalry: High due to global presence of major players and regional players operating in domestic markets.

SWOT Analysis

Strength: Abundant raw material sources and suitability for diverse applications in abrasives, water jet cutting, water filtration etc.

Weakness: Fluctuating garnet concentrate prices and dependency on economic conditions of end user industries. Supply chain disruptions impact producers.

Opportunity: Growing waterjet cutting industry and water purification needs drives consumption. Usage in ultrasonic flow meters and MEMs devices opens new avenues.

Threats: Substitutes impact garnet's usage in certain applications. Environmental regulations can affect mining activities.

Key Takeaways

The global Industrial Garnet market is expected to witness high growth. The global Industrial Garnet Market is estimated to be valued at US$ 1024.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.

North America dominates currently due to huge automotive, steel and waterjet industries whereas demand is rising fast in Asia Pacific with increasing manufacturing. China accounted for over 30% of global garnet production in 2021 and demand is projected to grow further with the country's infrastructure and manufacturing push. US, India, Spain, Vietnam and Russia also have significant reserves and contribute notably to meeting the rising global demand. Key players operating in the Industrial Garnet market are GMA Garnet Group, Indian Ocean Garnet Sands Company Ltd., Trimex Sands Private Limited, Barton International, Zircon Mineral Co., Mohawk Garnet Inc., Opta Minerals Inc., V.V. Mineral Pvt. Ltd., Beach Minerals Company, and Rizhao Garnet Ltd. These major producers cater to the abrasive, waterjet cutting, water filtration and various industrial applications.

[todaysmarket]

Surface Protection Tapes Market - Potential Opportunities and Company Analysis

The report "Surface Protection Tapes Market by Type (Polyethylene, Polypropylene, Polyvinyl chloride), Surface Material (Polished metals, Glass, Plastic) End-use (Electronics & appliances, Building & construction, Automotive), and Region - Global Forecast to 2024" The surface protection tapes market is estimated at USD 12.3 billion in 2019 and is projected to reach USD 18.0 billion by 2024, recording a CAGR of 8.0%. Increasing acceptance of surface protection tapes due to their reduced weight, ease applicability, durability, customization, and smooth removal from the surface of the substrates also contribute to the increasing demand for surface protection tapes.

Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200482250

Browse 96 market data Tables and 40 Figures spread through 161 Pages and in-depth TOC on "Surface Protection Tapes Market”

The polypropylene segment is projected to grow at the highest CAGR in the global surface protection tapes market from 2019 to 2024

The polypropylene segment is projected to grow at the highest CAGR from 2019 to 2024. Polypropylene surface protection tapes are more expensive than the polyethylene surface protection tapes due to their inbuilt elasticity. Polypropylene surface protection tapes are used for temporary protection purposes and offer a clean and smooth adhesive-free removal. The growth of this segment is attributed to enhanced clarity, higher impact strength, and improved barrier properties of polypropylene tapes.

The polished metals segment to dominate the global surface protection tapes market by 2024

The polished metals segment is projected to dominate the surface protection tapes market, recording the highest CAGR from 2019 to 2024. The surface of these polished metals are gently sheen or have a soft glow texture. Metals are offered in different forms such as painted, unpainted, powdered, bright, glossy, or matte. The uncoated metal surfaces or pre-coated varnished surfaces are laminated with surface protection tapes. The polished metal surfaces need to be safeguarded using a surface protection tape during the process of manufacturing, assembling, transportation, and storage. The growth of this segment is attributed to the demand for these tapes in various end-user industries such as building & construction (for curtain walls, building panels, and coil coatings), and automotive (for the vehicle parts).

https://www.prnewswire.com/news-releases/surface-protection-tapes-market-worth-18-0-billion-by-2024--exclusive-report-by-marketsandmarkets-300863199.html

The Asia Pacific is projected to account for the largest share in the surface protection tapes market during the forecast period

High economic growth, intensive construction activities, and increasing standards of living are the key factors driving the market for surface protection tapes in the region. Rapid urbanization in the region has led to an increase in infrastructural development in the region, thus driving the demand for surface protection tapes. High growth in the building & construction industry of China, India, and other emerging countries such as Indonesia, Vietnam, and Malaysia, coupled with the growth in the transportation and electronics industries in Japan and South Korea are factors driving the demand for surface protection tapes in the region.

Key players operating in the surface protection tapes market include DowDuPont (US), Compagnie de Saint-Gobain S.A. (France), 3M (US), Toray Industries, Inc. (Japan), Chevron Phillips Chemical Company (US), Berry Global Inc. (US), Nitto Denko Corporation (Japan), Avery Dennison (US), Tesa SE (Germany), and Intertape Polymer Group (Canada). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, investments, new product launches, and partnerships are some of the major strategies adopted by key players operating in the surface protection tapes market.

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