#Water-Based Barrier Coatings Market Share
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Water-Based Barrier Coatings Market Outlook and Forecast 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Water-Based Barrier Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Based Barrier Coatings Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Water-Based Barrier Coatings?
The global water-based barrier coatings market size reached US$ 3.9 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
What are Water-Based Barrier Coatings Market?
Water-based barrier coatings refer to aqueous formulations applied to surfaces to establish a protective layer that repels liquids, gases, or other substances. These coatings are environmentally friendly, predominantly utilizing water as a solvent to reduce the presence of volatile organic compounds (VOCs). Widely employed in industries like packaging, water-based barrier coatings act as a safeguard against moisture, oil, and contaminants, thereby augmenting the durability and preservation of products. Applied to materials such as paper and cardboard, these coatings provide a sustainable and less hazardous alternative to solvent-based counterparts. Their adaptability and eco-friendly characteristics contribute to their increasing popularity across various applications, driving the demand in the market.
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What are the growth prospects and trends in the Water-Based Barrier Coatings Market industry?
The water-based barrier coatings market growth is driven by various factors. The market for water-based barrier coatings is experiencing notable growth as industries increasingly opt for environmentally sustainable solutions in surface protection. These coatings, formulated with water as a primary solvent, provide a green alternative to traditional solvent-based options. Predominantly utilized in packaging, water-based barrier coatings establish protective layers that effectively repel liquids and gases, thereby improving the durability and overall quality of products. The market's expansion is driven by the rising demand for eco-conscious solutions, with these coatings finding applications across various industries where resistance to moisture and contaminants is essential. The adaptable and environmentally friendly characteristics of water-based barrier coatings position them as significant players in the evolving landscape of surface protection technologies. Hence, all the factors contribute to water-based barrier coatings market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Segmentation By Type:
Acrylic
Polyurethane
Epoxy
Others
Market Segmentation By Substrate:
Metal
Paper & Paperboard
Plastic
Glass
Others
Market Segmentation By End-Use Industry:
Packaging
Building & Construction
Automotive
Electronics
Textile
Others
Market Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Akzo Nobel N.V.
PPG Industries Inc.
Axalta Coating Systems Ltd.
BASF SE
The Sherwin-Williams Company
RPM International Inc.
Arkema Group
Dow Inc.
Valspar Corporation
Asian Paints Limited
Nippon Paint Holdings Co., Ltd.
Hempel A/S
Jotun Group
Sika AG
Kansai Paint Co., Ltd.
Discover more: https://www.reportsandinsights.com/report/Water-Based Barrier Coatings-market
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#Water-Based Barrier Coatings Market Size#Water-Based Barrier Coatings Market Share#Water-Based Barrier Coatings Market Demand#Water-Based Barrier Coatings Market Analysis
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Corrosion Inhibitors Market 2027 Outlook, Regions, Size Estimation and Upcoming Trend
The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. This anticipated growth is primarily driven by advancements in biobased and eco-friendly corrosion inhibitors, which align with the market's shift toward sustainability. Such a shift is expected to foster increased acceptance of corrosion inhibitors among eco-conscious industries. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture a key factor in corrosion from reaching the underlying material.
The mechanisms through which organic corrosion inhibitors operate include interfacial activity, anodic and cathodic activity, barrier activity, and adsorption activity. In contrast, inorganic corrosion inhibitors function via mechanisms such as anodic and cathodic passivation, anion exchange, and saponification. Research and development have been crucial in advancing corrosion mitigation technologies, and innovation in this area has led to numerous product improvements, as manufacturers have heavily invested in R&D to enhance product performance.
However, in the U.S., the corrosion inhibitors market has been influenced by regulatory standards regarding product toxicity. While phosphate-based corrosion inhibitors are widely used in water systems, their application is regulated due to concerns regarding environmental and wastewater treatment impacts, as well as reactions with aluminum.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Regional Insights:
Asia Pacific Corrosion Inhibitors Market Trends
In 2019, the Asia Pacific region dominated the global market with a 36.3% share and is expected to be one of the fastest-growing regions in the coming years. This growth is attributed to rapid industrialization, which has increased demand from power generation and various other industries. Developing economies in Asia, such as India and China, are also seeing rising demand in the chemical and metalworking sectors, which further supports market growth.
Europe Corrosion Inhibitors Market Trends
In Europe, the market for corrosion inhibitors is strong due to significant water consumption in industries like sugar, ethanol, and petrochemical production. Effective water treatment is essential to support corrosion control in Europe, helping to preserve the operational integrity of heat transfer systems and improve the energy efficiency of process units.
Browse through Grand View Research's Category Organic Chemicals Industry Research Reports.
The global mixed mode chromatography resin market size was estimated at USD 117.5 million in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030.
The global 2-ethylhexanol market was estimated at USD 6.50 billion in 2024 and is expected to grow at a CAGR of 2.8% from 2025 to 2030.
Key Companies & Market Share Insights
The market for corrosion inhibitors is highly fragmented, with a large number of companies competing to meet the high demand from end-users. Key industry players focus on customized production, leveraging advanced technologies and implementing strategic measures, such as long-term agreements and mergers, to expand their market presence and increase revenue. Many manufacturers have integrated their operations across the value chain to enhance efficiency. For example, Arkema has achieved backward integration by using renewable raw materials in its production processes, while The Lubrizol Corporation is forward integrated, using its corrosion inhibitors in the formulation of its fuel additives, such as PowerZol 9548A. Cortec Corporation produces a range of high-strength release components and coating products, utilizing its proprietary Migratory Corrosion Inhibitors (MCIs). Additionally, SUEZ supplies corrosion inhibitors for various water treatment projects, showcasing the diverse applications and market reach of these companies.
This competitive landscape is characterized by companies strategically positioning themselves through innovation, integration, and collaboration to meet the evolving needs of a growing market.
Key Corrosion Inhibitors Companies
Nouryon
Cortec Corporation
Ashland
Ecolab
Henkel Ibérica, S.A.
The Lubrizol Company
BASF SE
Dow
DuPont de Nemours, Inc.
Baker Hughes, a GE company LLC
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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Corrosion Inhibitors Industry Development Trends Report By 2027
The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. This anticipated growth is primarily driven by advancements in biobased and eco-friendly corrosion inhibitors, which align with the market's shift toward sustainability. Such a shift is expected to foster increased acceptance of corrosion inhibitors among eco-conscious industries. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture a key factor in corrosion from reaching the underlying material.
The mechanisms through which organic corrosion inhibitors operate include interfacial activity, anodic and cathodic activity, barrier activity, and adsorption activity. In contrast, inorganic corrosion inhibitors function via mechanisms such as anodic and cathodic passivation, anion exchange, and saponification. Research and development have been crucial in advancing corrosion mitigation technologies, and innovation in this area has led to numerous product improvements, as manufacturers have heavily invested in R&D to enhance product performance.
However, in the U.S., the corrosion inhibitors market has been influenced by regulatory standards regarding product toxicity. While phosphate-based corrosion inhibitors are widely used in water systems, their application is regulated due to concerns regarding environmental and wastewater treatment impacts, as well as reactions with aluminum.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Regional Insights:
Asia Pacific Corrosion Inhibitors Market Trends
In 2019, the Asia Pacific region dominated the global market with a 36.3% share and is expected to be one of the fastest-growing regions in the coming years. This growth is attributed to rapid industrialization, which has increased demand from power generation and various other industries. Developing economies in Asia, such as India and China, are also seeing rising demand in the chemical and metalworking sectors, which further supports market growth.
Europe Corrosion Inhibitors Market Trends
In Europe, the market for corrosion inhibitors is strong due to significant water consumption in industries like sugar, ethanol, and petrochemical production. Effective water treatment is essential to support corrosion control in Europe, helping to preserve the operational integrity of heat transfer systems and improve the energy efficiency of process units.
Browse through Grand View Research's Category Organic Chemicals Industry Research Reports.
The global mixed mode chromatography resin market size was estimated at USD 117.5 million in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030.
The global 2-ethylhexanol market was estimated at USD 6.50 billion in 2024 and is expected to grow at a CAGR of 2.8% from 2025 to 2030.
Key Companies & Market Share Insights
The market for corrosion inhibitors is highly fragmented, with a large number of companies competing to meet the high demand from end-users. Key industry players focus on customized production, leveraging advanced technologies and implementing strategic measures, such as long-term agreements and mergers, to expand their market presence and increase revenue. Many manufacturers have integrated their operations across the value chain to enhance efficiency. For example, Arkema has achieved backward integration by using renewable raw materials in its production processes, while The Lubrizol Corporation is forward integrated, using its corrosion inhibitors in the formulation of its fuel additives, such as PowerZol 9548A. Cortec Corporation produces a range of high-strength release components and coating products, utilizing its proprietary Migratory Corrosion Inhibitors (MCIs). Additionally, SUEZ supplies corrosion inhibitors for various water treatment projects, showcasing the diverse applications and market reach of these companies.
This competitive landscape is characterized by companies strategically positioning themselves through innovation, integration, and collaboration to meet the evolving needs of a growing market.
Key Corrosion Inhibitors Companies
Nouryon
Cortec Corporation
Ashland
Ecolab
Henkel Ibérica, S.A.
The Lubrizol Company
BASF SE
Dow
DuPont de Nemours, Inc.
Baker Hughes, a GE company LLC
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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Corrosion Inhibitors Market Key Companies and Emerging Trends, 2027
The global corrosion inhibitors market size was valued at USD 7.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) 3.8% from 2020 to 2027.
The growth in the market can be attributed to the development of biobased and more eco-friendly corrosion inhibitors. A gradual shift toward the development of environment-friendly corrosion inhibitors may potentially lead the market toward sustainable development and increase the acceptance of corrosion inhibitors among sustainable end users. A corrosion inhibitor functions by creating a barrier over the coated surface and preventing it from moisture, which is primarily the primary cause of erosion. The mechanisms of organic products include interfacial activity, anodic activity, cathodic activity, barrier activity, and adsorption activity.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Detailed Segmentation:
Product Insights
The organic segment held largest market share of 73.8% in 2019. In recent years, there has been significant development concerning bio-based corrosion inhibitors. These are low in cost, have low toxicity, and are readily available organic compounds, which are obtained from plant extracts such as aromatic herbs, spices, and medicinal plants. Generally, bio-based corrosion inhibitors have aromatic structures with long aliphatic chains and free electron pairs. For instance, Delonix regia and rosemary leaves prevent the deterioration of aluminum metal, while natural honey inhibits corrosion of copper. The factors mentioned above are estimated to drive segment growth over the forecast period.
Type Insights
The water-based segment held the largest market share of 56.2% in 2019. Water-based corrosion inhibitors are readily soluble in water and are usually sold in solid form. They form a protective layer on the metal surface by altering the physical characteristics of the surface to resist oxidation of the metallic surface, thereby offering rust protection. Moreover, they are cost-effective, form transparent coating after drying, and can be easily applied by using spray, immersion, or brush before subsequent operations.
End-use Insights
The oil and gas segment held the largest market share of 33.1% in 2019. This is attributed to the rising number of internal corrosion problems in pipelines, refineries, and petrochemical plants. The corrosion inhibitors market is gaining popularity in the power generation sector in the developing economies of the Asia Pacific region due to rapid urbanization and industrialization. In power plants, erosion has been one of the significant factors that lead to critical downtime. The steam circuits in nuclear, thermal, and hydropower plants are susceptible to deterioration as the metal components are always in contact with water. To ensure effective power generation, most power plants monitor parameters such as pH value, conductivity, and the presence of corroding anions and cations, which indicate the corrosion rate. Also, they ensure the adequate presence of corrosion inhibitors such as phosphonates, phosphate, and zinc (for steel) and triazoles (for copper).
Regional Insights
Asia Pacific held the largest market share of 36.3% in 2019 and is projected to be one of the fastest-growing markets in the near future. The growth in the market can be attributed to rapid industrialization in the region, which has triggered the demand from the power generation and several other end-use industries as well. The growing chemical and metalworking sectors in developing economies of the region, including India and China, are also projected to contribute significantly to the market in the near future.
Browse through Grand View Research's Organic Chemicals Industry Research Reports.
• The global caprolactam market was valued at USD 15.3 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
• The global potting compounds market size was estimated at USD 33,275.20 million in 2023 and is projected to grow at a CAGR of 3.2% in terms of revenue from 2024 to 2030.
Key Companies & Market Share Insights
The competitive landscape of the market is highly fragmented in nature, with the presence of a large number of key players coupled with high demand from end-users. Key players are concentrating on customized production by using advanced technology and adopting new strategic initiatives such as long-term agreements and mergers to strengthen their base and generate more revenue in the near future. Manufacturers involved in the market are integrated across the value chain. For instance, Arkema is integrated backward by using renewable raw materials for production. On the contrary, The Lubrizol Corporation is forward integrated. The company manufactures fuel additives by using its corrosion inhibitors in the formulation of the product (PowerZol 9548A). Cortec Corporation manufactures several strength-release components and coating products by using their Migratory Corrosion Inhibitors (MCIs). In addition, SUEZ supplies its corrosion inhibitors for several water treatment projects. Some of the prominent players operating in the corrosion inhibitors market include:
• Nouryon
• Cortec Corporation
• Ashland
• Ecolab
• Henkel Ibérica, S.A.
• The Lubrizol Company
• BASF SE
• Dow
• DuPont de Nemours, Inc.
• Baker Hughes, a GE company LLC
Corrosion Inhibitors Market Segmentation
Grand View Research has segmented the global corrosion inhibitors market on the basis of product, type, end use, and region:
• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Organic
• Inorganic
• Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Water Based
• Oil Based
• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Power Generation
• Oil & Gas
• Paper & Pulp
• Metal Processing
• Chemical Processing
• Water Treatment
• Others
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• North America
o The U.S
o Canada
o Mexico
• Europe
o Germany
o The U.K.
o France
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Iran
o Iraq
o Kuwait
o Oman
o Bahrain
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
#Corrosion Inhibitors Market#Corrosion Inhibitors Market size#Corrosion Inhibitors Market share#Corrosion Inhibitors Market analysis#Corrosion Inhibitors Industry
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Hydrophobic Coatings Market is Growing Due to Rising Applications in Electronics
The hydrophobic coatings market has witnessed significant growth in the recent years owing to increasings demand from the electronics industry. Hydrophobic coatings have the ability to repel water and are ideal for use in devices sensitive to moisture damage like smartphones, tablets, laptops etc. These coatings form a barrier against water and other liquids when applied to surfaces. They find widespread applications in protecting electronic device screens and components from water damage which could occur from accidental liquid splashes or spills. The global hydrophobic coatings market is estimated to be valued at US$ 1.39 billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Key players operating in the hydrophobic coatings market are Sharp Corporation, Apple Inc., Sony Corporation, ASUSTEK Computer Inc., LG Electronics, AU Optronics, Samsung Group, and Fujitsu Limited. Key Takeaways Key players: Sharp Corporation, Apple Inc., Sony Corporation, ASUSTEK Computer Inc., LG Electronics, AU Optronics, Samsung Group, and Fujitsu Limited are some of the prominent players in the hydrophobic coatings market. These companies are focusing on developing innovative hydrophobic coating solutions to strengthen their market position. Growing demand: There has been a surge in the demand for various electronic devices like smartphones, laptops, tablets, etc. in the recent years. hydrophobic coatings find wide application in protecting sensitive components and surfaces in these devices from liquid damage, driving the demand. Global expansion: Leading electronics manufacturers are expanding their business globally to cater to the Hydrophobic Coatings Market Demand. The players in hydrophobic coatings market are accordingly increasing their production capacities and geographical reach to leverage the widespread market opportunities. Market Key Trends One of the key trends gaining traction in the hydrophobic coatings market is the development of non-fluorinated or fluorine-free coatings. Strict environmental regulations regarding use of fluorinated chemicals is propelling research towards eco-friendly coating alternatives. Players are investing in R&D to develop bio-based or silicon-based hydrophobic coatings without fluorine content.
Porter’s Analysis Threat of new entrants: The hydrophobic coatings market requires high R&D investments creating high entry barriers for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, differentiated properties of hydrophobic coatings reduce impact.
Bargaining power of suppliers: Presence of many suppliers reduces their bargaining power. Suppliers depend on OEMs for business.
Threat of new substitutes: Limited substitutes are available. Hydrophobic coatings have unique properties that are difficult to replicate.
Competitive rivalry: Market fragmentation leads to high competition between numerous global and regional players. Geographical Regions Asia Pacific accounts for the largest share of the global hydrophobic coatings market in terms of value. This is due to the vast electronics industry and growing aerospace sector in countries such as China, South Korea, Japan and India. North America is another major region for hydrophobic coatings led by the aerospace industry and technological advancements. Fastest Growing Region Europe is projected to be the fastest growing regional market for hydrophobic coatings during the forecast period. This is attributed to increasing research into nano- and bio-coatings along with the expanding automotive production base in Germany, UK, France and Italy. The demand is further supported by stringent environmental regulations regarding emission control.
Get more insights on Hydrophobic Coatings Market
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#Coherent Market Insights#Hydrophobic Coatings Market#Hydrophobic Coatings#Surface Protection#Nano Coatings#Superhydrophobic Coatings#Waterproofing Solutions#Hydrophobic Technology#Moisture Protection
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Vietnam Specialty Chemicals Market Demand, Trends, Forecast 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Specialty Chemicals Market size at USD 17.3 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Specialty Chemicals Market size to expand at a CAGR of 6.30% reaching a value of USD 26.3 million by 2030. Increasing investments in R&D, stricter environmental laws, growing manufacturing and agriculture sectors, and rapid urbanization and industrialization are major growth factors for Vietnam Specialty Chemicals Market. By volume, BlueWeave estimated Vietnam Specialty Chemicals Market size at 3.9 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Specialty Chemicals Market size to expand at a CAGR of 3.80% reaching the volume of 5.1 million tons by 2030.
Opportunity - Expanding Middle Class Population in Vietnam
The expanding middle class population is fueling the demand for various consumer goods, such as cosmetic products, home care products, and cleaners. These products contain specialty chemicals. The chemicals sector is growing as a result of this demographic trend since manufacturers are meeting the varied demands and preferences of their customers.
Growth Drivers
Rising Adoption of Sustainable Practices
The increasing shift towards sustainability is emerging as one of the major driving factors for the growth of Vietnam specialty chemicals market. Growing environmental consciousness and regulatory requirements are driving the demand for sustainable and eco-friendly specialty chemicals. Vietnamese companies are investing in green chemistry and sustainable manufacturing practices to meet changing customer demands and regulatory requirements, which is propelling the country's specialty chemicals market growth.
Challenges
Fluctuations in Availability of Raw Materials and Supply Chain
Vietnam Specialty Chemicals Market faces significant challenges due to fluctuations in raw material pricing and supply chain inefficiencies, which act as a barrier to its market growth. The fluctuations in raw material pricing result in inflation in the price of products and supply chain inefficiencies lead to delays in the production of the goods as it hinders the procurement of materials.
Vietnam Specialty Chemicals Market
Segmental Coverage
Vietnam Specialty Chemicals Market – By Product Type
Based on product type, Vietnam Specialty Chemicals Market is segmented into agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, and sealants & elastomers), and others (institutional & industrial cleaners, electronic chemicals, and mining chemicals). The institutional & industrial cleaners segment holds the largest share of Vietnam Specialty Chemicals Market. The stringent regulations around maintaining cleanliness and hygiene of products and surroundings act as a major driving factor for institutional & industrial cleaners.
Vietnam Specialty Chemicals Market – By End User Industry
On the basis of end user industry, Vietnam Specialty Chemicals Market is divided into automotive, construction, consumer goods, food & beverages, healthcare, industrial manufacturing, oil & gas, and other (packaging, personal care, water treatment) segments. The construction sector dominates Vietnam Specialty Chemicals Market. Specialty chemicals play a vital role in the construction sector by protecting concrete from air deterioration and improving its strength and quality. The rapid industrialization and urbanization for infrastructural development and economic growth act as a major catalyst for the rising demand for specialty chemicals in the sector.
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Agrochemicals Largest Specialty Chemical Product Type
Vietnam Specialty Chemicals Market consists of various product types including agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, sealants, and elastomers), and other products (institutional & industrial cleaners, electronic chemicals, and mining chemicals). The agrochemical segment holds a substantial market share, primarily due a rising demand for biocides and synthetic fertilizers.
Competitive Landscape
Vietnam Specialty Chemicals Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include K.D. Feddersen Vietnam Co., Ltd., Oxy Chemicals Co., Ltd, AVCO, Trung Nguyen, MICHEM VIETNAM, Duc Giang Chemical Group Joint Stock Company (DGC), Wacker Chemie AG, VIET A CHEMICAL COMPANY LIMITED, and Adchem Joint Stock Company.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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Global Coatings, Adhesives & Sealants, and Elastomers (C.A.S.E.) Market Assessment, Opportunities, and Forecast, 2030
Global Coatings, Adhesives and Sealants, and Elastomers (C.A.S.E.) Market size was valued at USD 207.7 billion in 2022, which is expected to grow to USD 277.76 billion in 2030 with a CAGR of 3.7% during the forecast period between 2023 and 2030. The rapid growth in the building & construction activities for structures such as hospitals, malls, residential buildings, airports & others, along with the bolstering of transportation, are the primary determinants fostering the adoption of coatings, adhesives & sealants, and elastomers, thereby accelerating the market growth.
The increase in residential construction project development, the rising investment in infrastructure construction projects, and others are the prime aspects accelerating the growth in new building and construction project development. In addition, the increase in the demand for hybrid vehicles recently launched aircraft manufacturing facilities, and others are key trends driving the growth of the transportation sector. Thus, the revenue advancement of various end-use industries, including building & construction and transportation, is amplifying the demand for coatings, adhesives & sealants, and elastomers (C.A.S.E.) to prevent oxidation and corrosion, which, in turn, is propelling the market growth.
Sample- https://www.marketsandata.com/industry-reports/coatings-adhesives-and-sealants-and-elastomers-market/sample-request
Booming Building & Construction Projects at Global Level Fosters Market Growth
Coatings, adhesives & sealants, and elastomers are utilized in construction substrates such as concrete, wood, roofs, and others to safeguard the structures from the elements and to enhance their durability. Furthermore, the 2-part adhesives and sealants increase soundproofing and insulating functions. Thus, coatings, adhesives & sealants, and elastomers are deployed in row houses, schools, warehouses, and other structures. The rapid expansion in the demand for larger commercial spaces, the ongoing development of new office buildings, and others are the prominent determinants spurring the growth of the building & construction activities.
For instance, in 2023, various commercial construction projects commenced in various countries, including Bengaluru Retail and Entertainment Complex Development, India (project completion year 2025), million Emirates: New training facility, United Arab Emirates (project completion year 2024), and others. Hence, the booming building and construction projects are boosting the demand for coatings, adhesives & sealants, and elastomers (C.A.S.E.) to provide excellent stress recovery, which, in turn, is supplementing the market growth.
Rising Adoption of Coatings is Boosting the Revenue Growth of the Market
The vital properties of coatings are superior corrosion resistance, enhanced safeguard against abrasion, protection against external elements, and others. Thus, the coatings are crucial for ensuring improved performance of surfaces, aesthetics, and others. Polyurethane coatings and acrylic coatings are employed in various end-use industries such as building & construction, transportation, and others. The development of a new range of water-based coatings to ensure superior sustainability is increasing the product availability in the market.
For instance, in February 2023, Siegwerk Druckfarben AG & Co. KGaA, a coatings manufacturer in Germany, launched UniNATURE Water-Oil Barrier Coating, a new range of water-based coatings. Thus, the rise in the deployment of coatings and the recent introduction of water-based coatings favor the market growth.
The Significant Share of the Asia Pacific in the Overall Market is Supplementing Market Growth
The economic growth of the Asia Pacific is driven by the revenue expansion of various end-use industries, including building & construction, textile, and others. The above-listed end-use industries are the major end users of coatings, adhesives & sealants, and elastomers (C.A.S.E.), spurring market growth.
For instance, according to the India Brand Equity Foundation (IBEF), as of October 2023, various infrastructure development projects valued at USD 1.3 trillion (INR 108 trillion) are currently in development. As a result, the increase in building & construction activities, the surging production of vehicles, and others are the vital trends driving the deployment of coatings, adhesives & sealants, and elastomers (C.A.S.E.) in the Asia Pacific region, thereby augmenting the market growth.
Future Outlook
The tire manufacturing companies are forming partnerships with the adhesives & sealants manufacturers to develop a new range of sustainable sealants. For instance, in June 2022, Bridgestone Americas, a United States-based tire manufacturer, formed a strategic collaboration with Dow to develop a new range of sustainable sealants. The B-SEALS will be silicone-based sealants. Henceforth, the strategic collaborations will accelerate the development of a new range of sealants, thereby creating a lucrative opportunity for market growth.
The coatings manufacturers are investing in the development of new coating plant setups to increase their market share at the global level. For illustration, in August 2023, Colorcon, Inc., a global player in the coatings market, commenced the development of a new coatings manufacturing plant in Malaysia. The construction of a coating production facility in Malaysia will be completed by 2025. Therefore, the development of new coatings plants will increase the supply of products, thereby creating a favorable coating, adhesives and sealants, and elastomers (C.A.S.E.) market growth outlook.
The future infrastructure development projects associated with redeveloping bridges, airports, and others will foster the building & construction industry growth in the upcoming years. For instance, as of September 2023, Canada’s George Massey Tunnel Replacement project is under the planning phase. The construction of the project will be completed by the end of 2030. Thus, the growth of the building & construction projects in the upcoming years will create a prominent potential for the coatings, adhesives and sealants, and elastomers (C.A.S.E.) market traction.
Coatings, Adhesives and Sealants, and Elastomers (C.A.S.E.) Market: Report Scope
“Coatings, Adhesives and Sealants, and Elastomers (C.A.S.E.) Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of coatings, adhesives and sealants, and elastomers (C.A.S.E.) market globally, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Click here for full report- https://www.marketsandata.com/industry-reports/coatings-adhesives-and-sealants-and-elastomers-market
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#Water-Based Barrier Coatings Market#Water-Based Barrier Coatings Market Size#Water-Based Barrier Coatings Market Share#Water-Based Barrier Coatings Market Forecast#Water-Based Barrier Coatings Market 2023#Water-Based Barrier Coatings Market 2030
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Green Coatings Market: Sustainable Solutions for a Greener World
The global green coatings market is estimated to be valued at US$ 70.06 billion in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030. Green or eco-friendly coatings are composed of environment-friendly and sustainable raw materials that produce lower or zero volatile organic compound emissions. These coatings are derived from plant or other natural sources and offer similar or better performance than conventional coatings. Many industries are using green coatings for their benefits such as low odor, minimal hazards, and eco-friendly process. They protect infrastructure from corrosion and deterioration while reducing environmental footprint. Key Takeaways
Key players operating in the green coatings market are The Sherwin Williams Company, PPG industries, Akzonobel N.V., Axalta Coating System, BASF, Valspar Corporation, Kansai PaintCompany Limited, Tikkurila OYJ, and Masco Corporation among others. These players are focusing on developing new sustainable technologies to cater to growing demand for eco-friendly coatings. The rising environmental concerns paired with stringent regulations regarding VOC emissions are fueling the demand for green coatings globally. Various industries are opting for sustainable coating solutions to achieve their sustainability targets. Moreover, increasing consumer awareness about eco-friendly products is compelling manufacturers to shift towards green alternatives. The green coatings market is also expanding rapidly across regions due to growing environmental standards and construction activities worldwide. Manufacturers are investing heavily in R&D to commercialize new biomass-based and bio-sourced coating ranges. Various field trials are conducted to test performance of green coatings in different conditions. Market Key Trends
Waterborne coatings emerged as one of the major green coating technologies in recent years owing to ease of manufacturing and high performance. These coatings are composed of water instead of VOCs and offer similar aesthetic and protective advantages. Their demand is anticipated to rise substantially during the forecast period owing to stringent environmental norms. Besides, bio-based coating varieties derived from plant or algal sources are gaining prominence due to renewable and sustainable properties. Further innovations are expected to boost the adoption of eco-friendly coatings across end-use industries.
Porter’s Analysis
Threat of new entrants: High capital requirement and stringent environmental regulations pose barrier for new players to enter the market Bargaining power of buyers: Large buyers can negotiate better pricing while demanding high quality and technical expertise Bargaining power of suppliers: Suppliers have higher bargaining power due to lesser number of raw material producers and need for technological advancement Threat of new substitutes: Continuous R&D can lead to new substitute products with improved properties posing threat Competitive rivalry: Intense competition exists between existing players prompting higher marketing spends and new product innovation Geographically, North America holds the major share of the green coatings market in terms of value due to stringent environmental regulations and higher consumer awareness. The US alone contributes more than 50% of the regional market. Asia Pacific is the fastest growing market for green coatings driven by rapid infrastructure growth and rising environmental consciousness in major countries like China and India. Supportive government initiatives towards green buildings further supplement the regional market expansion.
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Wood Coatings Market: Trends & Opportunities 2024-2032
According to Triton Market Research, the Global Wood Coatings Market report is sectioned by Resin Type (Polyurethane, Nitrocellulose, Acrylic, Other Resin Types), Technology (Water-Borne, Powder Coatings, UV-cured, Solvent-Borne), Application (Furniture and Fixture, Cabinet, Doors and Window, Flooring, Deck), and Regional Outlook (Middle East and Africa, Europe, Asia-Pacific, North America, Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Maturity Analysis, Supply Chain Analysis, Regulatory Framework, Key Buying Impact Analysis, Key Market Strategies, Market Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
Based on Triton’s research report, the global market for wood coatings is set to advance in value at a CAGR of 4.02% during the forecast period 2024-2032.
Wood coating serves a dual purpose: safeguarding and enhancing wood or wood-based structures. By shielding wooden surfaces, it bolsters their durability and utility. Simultaneously, it elevates their aesthetic appeal, contributing to effective product promotion.
Factors such as personalized solutions for flooring and furniture, the emergence of smart coating technology, and improved coating performance via nanotechnology, creates lucrative opportunities for the wood coatings market globally. Smart coatings offer an array of functionalities, such as self-healing, anti-fouling, and antimicrobial properties, enhancing the durability and performance of wood surfaces. This extends the lifespan of wood products and reduces maintenance costs. Moreover, smart coatings contribute to sustainability efforts by minimizing the need for frequent reapplications and replacements, thus reducing waste. With increasing environmental concerns and a growing emphasis on eco-friendly solutions, the adoption of smart coatings is set to escalate, driving market growth and innovation.
However, fluctuating raw material costs and competition from composite materials limit the overall development of the wood coatings market worldwide.
The Asia-Pacific region is set for the fastest growth in the coming years. One key driver is the region’s growing construction and furniture industries, particularly in countries like China, India, and Vietnam, where urbanization and rising disposable incomes have fueled demand for high-quality wood products. Additionally, there is a growing awareness and emphasis on environmental sustainability, leading to an increasing preference for eco-friendly coatings with low volatile organic compound (VOC) content. Moreover, technological advancements in coatings formulations, such as the development of water-based and UV-curable coatings, are gaining traction due to their superior performance and reduced environmental impact.
The renowned companies in the wood coatings market are Nippon Paint Holdings Co Ltd, Diamond Paints, PPG Industries Inc, Asian Paints, RPM International Inc, The Sherwin-Williams Company, BASF SE, Akzo Nobel NV, Axalta Coating Systems LLC, and Kansai Helios.
With evolving consumer preferences and stringent environmental regulations, barriers to entry remain significant, deterring potential newcomers. Established players continually innovate to maintain market share, investing in research and development to offer eco-friendly and high-performance coatings. Intense rivalry among existing competitors fuels pricing pressures and product differentiation strategies, compelling companies to enhance quality and expand distribution networks. Amidst these challenges, strategic alliances and mergers are common, reshaping the competitive landscape and fostering consolidation.
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Barrier Coatings for Paper Packaging, Global Key Players Rank and Market Share, Top Ten Companies Hold 33.2% (2022)
Barrier Coatings for Paper Packaging Market Summary
Barrier coatings for paper and cardboard substrates are ideal for products that protect against water leakage and vapors, solvents, oils, fatty acids and other substances. It improves the performance and functionality of paper packaging, better protects the product inside, and is used to meet specific performance requirements in applications such as food, dry goods, medical or consumer packaging.
According to the new market research report “Global Barrier Coatings for Paper Packaging Market Report 2023-2029”, published by QYResearch, the global Barrier Coatings for Paper Packaging market size is projected to reach USD 4.06 billion by 2029, at a CAGR of 5.4% during the forecast period.
Figure. Global Barrier Coatings for Paper Packaging Market Size (US$ Million), 2018-2029
Above data is based on report from QYResearch: Global Barrier Coatings for Paper Packaging Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
Figure. Global Barrier Coatings for Paper Packaging Top Ten Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Above data is based on report from QYResearch: Global Barrier Coatings for Paper Packaging Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Barrier Coatings for Paper Packaging include BASF, Dow, Henkel, Michelman, Covestro, Clariant, Storaenso, Kuraray, Solenis, Sierra Coating Technologies LLC, etc.
In 2022, the global top 10 players had a share approximately 33.2% in terms of revenue.
In recent years, consumers have become increasingly concerned about the environmental impact of products, resulting in increasing demand for sustainable paper and paperboard packaging. This trend has had an impact on paper and paperboard packaging manufacturers, who have been forced to stop using barrier coatings containing polyethylene, paraffin-based waxes, silicones and fluorinated chemicals in favor of more environmentally friendly barrier coatings layer, this phenomenon is even more prominent in the food and beverage packaging industry.
The extensive range of barrier coatings for paper and board provides protection against water, vapors, hot and cold liquids and grease. The current trend in the market for barrier coatings for paper is towards the use of recyclable coatings, i.e., paper and paperboard coated with these barrier coatings are repulpable, recyclable, compostable and biodegradable, facilitating paper and paperboard packaging production Build a sustainable brand image that is recognized by brand owners, retailers and consumers.
Industry development opportunities: Growing demand from the fast food and beverage container industry is driving the growth of the barrier coating market for paper.
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Plastic Films Market Growth, Size, Trends, Revenue & Report 2024-2032
IMARC Group's report titled "Plastic Films Market by Product Type (Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene (PE), and Others), Application (Packaging, Decoration, Industrial), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global plastic films market share. The global plastic films market size reached US$ 159.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 241.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/plastic-films-market/requestsample
Factors Affecting the Growth of the Plastic Films Industry:
Increasing Demand Across Diverse Industries:
The rising demand for plastic films across a wide spectrum of industries is impelling the growth of the market. In packaging, plastic films are becoming indispensable due to their lightweight nature, cost-effectiveness, and versatility. They offer a reliable solution for safeguarding goods during transportation and storage, reducing the risk of damage, and ensuring product integrity. Furthermore, the use of plastic films in agriculture serves multiple purposes, including greenhouse coverings, mulching, and crop protection, leading to enhanced yields, improved crop quality, and reduced water consumption. In the construction sector, plastic films find extensive applications, such as moisture barriers, insulation materials, and roofing membranes. They contribute to enhancing energy efficiency, preventing moisture ingress, and ensuring the longevity of structures.
Advancements in Material Technology:
Continuous advancements in material science and manufacturing systems are supporting the market growth. These innovations are resulting in the development of next-generation plastic films with superior properties, such as enhanced barrier performance, thermal stability, and recyclability. Manufacturers are leveraging cutting-edge technologies to engineer films that meet the evolving needs of end-users while addressing sustainability concerns. One notable trend is the emergence of bio-based and biodegradable plastic films, which offer a sustainable alternative to traditional petroleum-based counterparts. These eco-friendly films are derived from renewable sources, such as plant-based polymers or agricultural residues, reducing the dependence on fossil fuels and mitigating environmental impact.
Expanding End-Use Applications:
The versatility of plastic films is driving their adoption across a wide array of end-use applications. In the food and beverage (F&B) industry, plastic films play a crucial role in preserving freshness, extending shelf life, and enhancing visual appeal. The demand for flexible packaging formats, such as pouches, wraps, and bags, is rising due to user preferences for convenience and portability. Additionally, advancements in printing and labeling technologies enable manufacturers to create eye-catching packaging designs that stand out on retail shelves, driving engagement and brand loyalty. Furthermore, plastic films find extensive use in the automotive sector for interior trim, upholstery, and protective coatings. They offer lightweight, durable, and cost-effective solutions for enhancing vehicle aesthetics and functionality.
Leading Companies Operating in the Global Plastic Films Industry:
Amcor plc
Berry Global Inc.
Cosmo Films Limited
Dow Inc.
DuPont de Nemours Inc.
Exxon Mobil Corporation
Inteplast Group Corporation
Jindal Poly Films
Mitsubishi Chemical Holdings Corporation
Polyplex Corporation Limited
RKW Group
Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
Toray Industries Inc.
UFlex Limited
Plastic Films Market Report Segmentation:
By Product Type:
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Polyethylene (PE)
Others
Polyethylene terephthalate (PET) represents the largest segment due to its durability.
By Application:
Packaging
Food Containers
Blister Packs
Electric & Electronic Purposes
Others
Decoration
Solid Color
Others
Industrial
Construction Materials
Safety Materials
Advertisement Lighting
Others
Packaging exhibits a clear dominance in the market due to the rising utilization of plastic films for packaging a wide variety of products, including food and beverages, electronics, and cosmetics.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Europe's dominance in the plastic films market is attributed to the rising production of bio-based plastic films.
Global Plastic Films Market Trends:
The proliferation of e-commerce platforms is revolutionizing the retail landscape, with a growing number of people opting for online shopping. Plastic films play a critical role in the packaging of products for e-commerce, offering protection during shipping and handling while also providing tamper-evident features. The rise in online retail activities is catalyzing the demand for plastic films, particularly in the form of air pillows, bubble wraps, and polybags used for parcel packaging. Stringent regulations governing packaging materials and growing environmental concerns are prompting manufacturers to focus on sustainability and eco-friendly solutions. Governments worldwide are also imposing restrictions on single-use plastics and promoting the use of recyclable and biodegradable alternatives.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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Sustainable Waterproof Coatings: Assessing Eco-friendly Solutions in the Market
Waterproof coatings are materials applied on surfaces to prevent water from entering materials behind the coatings. They protect various infrastructure assets such as roofs, membranes, basements, and building structures from damages caused by water ingress. Coatings made from acrylics, polyurethanes, and polymethyl methacrylates form an invisible barrier that prevents water from seeping in. They have high strength and durability which ensures long-lasting protection.
The global waterproof coatings market is estimated to be valued at US$ 17.13 Billion in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity for protecting infrastructure assets is driving growth of the waterproof coatings market. Rapid urbanization has increased construction activities around the world. Both residential and commercial buildings require long-lasting protection from water damage. Waterproof coatings play a vital role in extending lifespan of physical structures such as bridges, roads, tunnels, and buildings. They prevent corrosion of metal components and degradation of concrete surfaces. This reduces maintenance and repair costs over time. The increasing spending on infrastructure development is therefore boosting demand for waterproof coatings globally. Manufacturers are developing innovative and sustainable coating solutions to cater to this opportunity arising from infrastructure protection needs. Porter's Analysis Threat of new entrants: Low economies of scale and capital requirements for coating production pose low barrier to entry. However, existing major companies have strong brand loyalty and distribution networks. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, features like durability provided by waterproof coatings reduces sensitivity to price changes. Bargaining power of suppliers: Suppliers of raw materials like resins have low to moderate bargaining power due to availability of substitute materials and commoditization of chemicals. Threat of new substitutes: Threat from new substitutes is low as waterproof coatings have well established performance advantages over traditional materials for various applications. Competitive rivalry: Intense competition among major players to gain market share. Companies compete based on product quality, pricing and investments in new technologies. SWOT Analysis Strengths: Versatility for applications in construction, transportation, industrial and consumer sectors. Ability to provide protection from water and moisture damage adds value. Weaknesses: Higher costs than traditional materials limit usage. Strict environmental regulations increase production costs. Opportunities: Rising infrastructure development and construction activities in developing countries boost demand. Growing need for corrosion and damage protection of assets open up opportunities. Threats: Volatility in raw material prices can squeeze profits. Stringent environmental regulations regarding VOC emissions act as a constraint. Key Takeaways The global waterproof coatings market is expected to witness high growth over the forecast period of 2024 to 2031 supported by increasing construction activities worldwide. The global waterproof coatings market is estimated to be valued at US$ 17.13 Billion in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
The Asia Pacific region currently dominates waterproof coatings consumption led by China, India and other Southeast Asian countries. Major infrastructure projects and the expanding construction industry in the region will further drive coatings demand. Key regional demands comprises demand from Asia Pacific region which accounts for over 50% of global waterproof coatings consumption led by countries such as China and India. Rising disposable incomes and urbanization has spurred residential and commercial construction in the region thereby propelling coatings usage. Key players operating in the waterproof coatings market are Dampney Company, The Valspar Corporation, PPG Industries, Sherwin-Williams Company, BASF SE, and Flosilchemical, Dampney Company. Major playersfocus on new product development and capacity expansions to enhance their market share.
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Soft Touch Polyurethane Coatings Market in a Post-Pandemic World: Resilience and Recovery Strategies
Soft touch polyurethane coatings are widely being used for applications ranging from furniture, automotive interiors, home appliances among others due to their matte finish and luxurious appearance. The soft-touch polyurethane coatings provide an anti-fingerprint and easy-to-clean surface. The global soft touch polyurethane coatings market is estimated to be valued at US$ 7.08 Bn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The opportunity for widening the end-use applications of soft touch polyurethane coatings is expected to drive the market growth over the forecast period. Soft touch polyurethane coatings are increasingly finding applications beyond furniture and automotive segments. The ongoing research and development activities are focused on leveraging the properties of soft touch polyurethane coatings for applications in healthcare devices, consumer electronics and various home appliances. The resilient and anti-fingerprint properties make soft touch polyurethane coatings ideal for applications where fingerprint or smudge resistance is crucial. The widening array of end-use applications is anticipated to drive the demand for soft touch polyurethane coatings market.
Porter's Analysis Threat of new entrants: Low requirement for technical expertise and capital requirements allow new companies to enter the market easily. However, established players have robust distribution networks and customer loyalty which act as barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and indifferent product differentiation. They can negotiate on price and demand value-added services.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative raw material sources and formula flexibility. Fluctuations in raw material prices can impact industry profitability.
Threat of new substitutes: Threat is high due to availability of water-based coatings with comparable properties. Natural substitutes like linseed oil also restrict profitability.
Competitive rivalry: Intense due to many global and regional players competing on basis of pricing, innovation and quality.
SWOT Analysis Strengths: Excellent durability, flexibility and chemical resistance. Wide usage in construction and automotive industries.
Weaknesses: Potential health hazards during production. Strict environmental regulations increase production costs.
Opportunities: Growing infrastructure and automotive sectors in Asia Pacific and Middle East regions. Development of bio-based and zero VOC coatings.
Threats: Substitution threat from water-based coatings. Economic slowdowns negatively impact demand.
Key Takeaways The global soft touch polyurethane coatings market is expected to witness high growth between 2023-2030 supported by rising infrastructure investments and automotive sales. The market size is projected to reach over US$ 12 Bn by 2030 at a CAGR of 8.9%.
Regional analysis: Asia Pacific dominates currently with over 35% market share led by China, India and other Southeast Asian countries. The region is expected to maintain its lead supported by exponential infrastructure growth and expanding automotive manufacturing industry. Countries like India and Indonesia are projected to offer most lucrative opportunities.
Key players: Key players operating in the soft touch polyurethane coatings market include Sherwin Williams Company, Akzo Nobel N.V., PPG Industries Ltd Axalta Coatings Systems, Rust-Oleum - RPM International Inc., Aexcel Coatings., Sokan New Materials, and Jotun AS. The industry is consolidated in nature with top 5 players accounting for over 50% share. Players compete on advantages of product portfolio, distribution reach, pricing and innovation.
#Soft Touch Polyurethane Coatings Market Share#Soft Touch Polyurethane Coatings Market Growth#Soft Touch Polyurethane Coatings Market Demand#Soft Touch Polyurethane Coatings Market Trend
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Water-Based Barrier Coatings Market 2022 | Growth Strategies, Opportunity, Challenges, Rising Trends and Revenue Analysis 2030
The latest market report published by Credence Research, Inc. “Global Water-Based Barrier Coatings Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global water-based barrier coatings market has witnessed steady growth in recent years and is expected to grow at a CAGR of 6.30% between 2023 and 2030. The market was valued at USD 5.8 billion in 2022 and is expected to reach USD 8.895305032 billion in 2030.
Driving Factors behind the Water-Based Barrier Coatings Market
Environmental Concerns and Regulations
The tightening grip of global environmental regulations, particularly those relating to Volatile Organic Compound (VOC) emissions, is a significant driver for the water-based barrier coatings market. As governments across the world tighten environmental regulations, the demand for water-based barrier coatings, which emit far fewer VOCs, has surged.
Sustainability
The global focus on sustainability and eco-friendliness has led to a rise in demand for water-based barrier coatings. Many industries are transitioning to these coatings because they are less harmful to the environment and provide superior protection against moisture and contaminants.
Water-Based Barrier Coatings Market Key Growth Trends have been shaping the industry landscape with remarkable progress in recent years. As consumer awareness regarding environmental concerns continues to rise, there has been a substantial shift towards eco-friendly alternatives, and water-based barrier coatings have emerged as frontrunners in this regard. These coatings offer exceptional performance while significantly reducing volatile organic compound (VOC) emissions compared to their solvent-based counterparts. Moreover, their versatility allows them to be applied on various substrates such as paper, metal, plastics, and wood.
Browse 190 pages report Water-Based Barrier Coatings Market By Type (Acrylic, Polyester, Alkyd, Epoxy, Others)- Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/water-based-barrier-coatings-market
Market Segmentation
Segmentation by Type
Acrylic is the dominant type segment and is expected to post the highest CAGR during the forecast period. On the other hand, the polyester segment is likely to exhibit the fastest CAGR during the same period.
Segmentation by Region
Europe is leading the growth of the water-based barrier coatings industry, holding nearly three-fifths share in 2022. Asia-Pacific and North America collectively accounted for just under 65% share in 2022, with North America holding over 40% share in the same year.
The future of the global water-based barrier coatings market looks bright, with Europe spearheading the growth. As the world continues to navigate towards sustainability, this market's growth prospects will only intensify. Despite certain challenges, the considerable opportunities the market presents promise substantial advancements in the years to come.
The global water-based barrier coatings market is just one facet of the larger movement towards sustainability. By focusing on its potential and overcoming the challenges it presents, industries across the world can make a significant contribution to environmental preservation, while also achieving their growth objectives.
Key Market Players
The water-based barrier coatings market is highly competitive, featuring several key players, including:
The Sherwin-Williams Company
BASF SE
AkzoNobel N.V.
PPG Industries Inc.
RPM International Inc.
Asian Paints Limited
Axalta Coating Systems LLC
Nippon Paint Holdings Co. Ltd.
Kansai Paint Co. Ltd.
Tikkurila OYJ
These companies maintain their competitive edge through product innovation, expansion, and strategic mergers and acquisitions.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global Water-Based Barrier Coatings Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global Water-Based Barrier Coatings Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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