#Waterborne Coatings Market Price

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Waterborne Coatings Market Overview

The Waterborne Coatings Market size is projected to reach US$112.8 billion by 2027, after growing at a CAGR of 5.9% during the forecast period 2022-2027. Waterborne Coatings are generally preferred over other conventional ones since these contain close to 80% water content, which makes them environmentally friendly. Waterborne coatings are often employed in the building & construction and automotive industry, which is supporting the Waterborne Coatings industry's growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automotive production increased from 77,621,582 units in 2020 to 80,145,988 units in 2021. The rapid growth of the building & construction and automotive industry has increased the demand for environmentally friendly waterborne coatings, which fuels the market growth. Several end-use industries in the Waterborne Coatings industry suffered negative effects as a result of the novel coronavirus pandemic, which had a direct impact on the Waterborne Coatings Market size in the year 2020.

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Waterborne Coatings Market Report Coverage

The “Waterborne Coatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Waterborne Coatings industry.

By Resin Type: Acrylic, Epoxy, Polyester, Polyurethane, Vinyl Acetate, Alkyd, Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylidene Chloride and Others. By End-use Industry: Aerospace (Commercial Aircrafts, Military Aircrafts and Others), Automotive [Passenger Vehicles (PVs), Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs)], Marine (Cargo, Passenger and Others), Locomotive (Electric and Diesel), Building and Construction (Residential, Commercial, Industrial and Infrastructural), Paper & Pulp, Packaging, Wood & Furniture and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa)

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Corrosion Protective Coatings Market Value, Growth, and Trends and Forecast

The global Corrosion Protective Coatings Market continues to exhibit robust growth, driven by its critical role in safeguarding materials and infrastructure across various industries. This market was valued at USD 10.80 billion in 2024 and is projected to expand to USD 15.70 billion by 2033, growing at a healthy CAGR over the forecast period. This report provides an in-depth analysis of the market, including its definition, latest trends, growth factors, opportunities, key players, and segmentation.

Market Definition

Corrosion protective coatings are specialized formulations applied to surfaces to prevent or mitigate the degradation caused by environmental factors, such as moisture, chemicals, and extreme temperatures. These coatings are vital for prolonging the lifespan of infrastructure, machinery, and equipment across industries such as marine, oil and gas, automotive, and power generation.

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Latest Trends

Sustainability Initiatives: Increasing focus on eco-friendly and sustainable solutions has driven the development of waterborne and powder coatings, which are less harmful to the environment compared to solvent-borne alternatives.

Technological Advancements: The integration of nanotechnology in coating formulations is enhancing properties such as durability, adhesion, and resistance to chemicals and UV radiation.

Increased Infrastructure Investments: Rapid urbanization and industrialization, particularly in emerging economies, have resulted in higher demand for corrosion protection in construction and infrastructure projects.

Rising Demand in Marine and Oil & Gas Sectors: These industries face harsh environmental conditions, making corrosion protective coatings essential for maintaining operational efficiency and safety.

Digital Innovations: The adoption of smart coatings equipped with self-healing and damage-detection capabilities is gaining traction.

Growth Factors

Industrial Expansion: The growth of end-user industries such as automotive, marine, and oil and gas drives the demand for advanced corrosion protection solutions.

Stringent Regulations: Governments worldwide are implementing stringent regulations mandating the use of protective coatings to prevent corrosion-related failures and ensure environmental safety.

Rising Awareness: Growing awareness about the economic and environmental impact of corrosion is encouraging industries to invest in protective coatings.

Opportunities

The market is rife with opportunities, particularly in:

Emerging Markets: Rapid economic growth in regions such as Asia-Pacific and the Middle East has created a fertile ground for infrastructure development, boosting the demand for corrosion protective coatings.

Innovative Products: There is a significant opportunity for companies to develop innovative, cost-effective, and sustainable coating solutions to cater to the evolving needs of consumers.

Renewable Energy Projects: The expansion of renewable energy projects, such as wind and solar farms, demands advanced corrosion protection to enhance the longevity of equipment.

Key Players

The corrosion protective coatings market features a competitive landscape with several key players driving innovation and market penetration. Some of the prominent companies include:

Intercept Technology, Inc.

Chempace Corporation

Omnipure Filter Co., Inc.

Price-Driscoll Corp.

Nalco Water Pretreatment Solutions

Everkem Diversified Products

Edco Supply Corporation

Seacole Specialty Chemical

Mil-Spec Packaging of GA, Inc.

Askew Industrial Corp.

HPI Processes, Inc.

These companies are focused on R&D, strategic partnerships, and geographic expansions to strengthen their market position.

Market Segmentation

The corrosion protective coatings market is segmented based on type, technology, and industry, offering insights into the diverse applications and preferences of consumers.

By Type

Epoxy: Known for its superior adhesion and chemical resistance, epoxy coatings are widely used in industrial applications.

Polyurethane: These coatings are valued for their flexibility and UV resistance, making them ideal for outdoor applications.

Alkyd: Alkyd coatings are preferred for their cost-effectiveness and ease of application.

Inorganic Zinc: These are commonly used in heavy-duty applications due to their excellent anti-corrosion properties.

By Technology

Solvent-Borne: Despite environmental concerns, solvent-borne coatings remain popular due to their durability and ease of application.

Waterborne: Eco-friendly and low in VOC emissions, waterborne coatings are gaining widespread acceptance.

Powder Coating: Known for their high efficiency and minimal environmental impact, powder coatings are increasingly used in industrial and consumer applications.

By Industry

Marine: The marine industry is a major consumer of corrosion protective coatings due to the corrosive effects of saltwater.

Oil and Gas: Coatings are essential for protecting pipelines, tanks, and other infrastructure.

Automobile: Automotive manufacturers use coatings to enhance durability and aesthetics.

Paper and Pulp Industry: Corrosion protection is critical for machinery exposed to chemicals and moisture.

Infrastructure: From bridges to buildings, protective coatings are used extensively in construction projects.

Power Generation: The sector relies on coatings to protect turbines, boilers, and other equipment.

Others: This includes industries such as aerospace and food processing.

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Conclusion

The corrosion protective coatings market is set for substantial growth, driven by technological advancements, rising awareness, and expanding industrial applications. Key players continue to innovate and adapt to evolving consumer demands, while opportunities in emerging markets and renewable energy projects promise a dynamic future for the industry.

For more insights and detailed analysis, contact us:

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Key Trends Driving the Growth of the Waterborne Coatings Market

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by the expanding construction sector worldwide. As industrialization and urbanization continue to accelerate, there is a notable increase in construction activities, which is expected to significantly boost the demand for waterborne coatings during the forecast period. One key factor contributing to this surge in demand is the ongoing shift in the coatings industry from using low- or high-volatility organic solvents to fully solvent-free formulations, which have lower emissions and are considered more environmentally friendly. This trend is anticipated to benefit waterborne coatings, especially in both residential and commercial applications, where they are commonly used in interior and exterior wall paint formulations.

Additionally, waterborne coatings are gaining traction in the automotive sector, driven by increasing demand from automobile applications. To meet this demand, coating manufacturers are investing in research and development to reduce manufacturing costs, which in turn is expected to lower the price of waterborne coatings. This shift is also being encouraged by regulations that require automobile manufacturers and refinishing companies to move from solvent-borne coatings to waterborne systems, which contain significantly fewer volatile organic compounds (VOCs). While conventional solvent-borne coatings typically contain about 84% VOC content and 16% solids, waterborne coatings consist of about 70% water, 20% solids, and 10% solvent, making them less harmful to human health. The adoption of waterborne coatings in the automotive sector is expected to be a significant driver of market demand over the next several years.

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

Application Insights

In 2022, the architectural application segment dominated the market, accounting for 87.1% of total revenue. Waterborne coatings play a crucial role in architectural coatings, with their share expected to grow substantially over the next 7 to 10 years, largely driven by stricter regulations on VOC emissions. Increased construction spending in emerging economies, particularly in the Asia Pacific, Latin America, and Middle East regions, is likely to fuel further growth in this segment. As income levels rise in these regions, the demand for waterborne coatings in architectural applications, including residential, commercial, and institutional buildings, will continue to rise.

Additionally, the increasing use of acrylic-based coatings in industrial applications is expected to further propel market growth. The development of new products, such as insulation and sound-damping coatings, is also likely to create lucrative opportunities for industry players in the architectural and industrial segments.

In general industries, waterborne coatings are gaining popularity due to their beneficial properties, such as excellent resistance to ultraviolet (UV) light, toughness, flexibility, and overall durability. These attributes are expected to drive further market expansion in the coming years. Waterborne coatings are also in demand in the food and beverage industry, particularly for metal packaging applications such as beverage cans and canned food products. Changing consumer habits, coupled with a busier lifestyle, are increasing the demand for packaged foods, which in turn is expected to drive the need for waterborne coatings in food and beverage packaging over the next seven years.

Overall, the growing focus on environmental sustainability, along with the expanding applications of waterborne coatings across multiple sectors—including construction, automotive, and food & beverage packaging—is expected to support significant market growth through 2030.

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

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Africa Automotive Refinish Coatings Market Outlook 2024-2032: Growth, Trends, and Insights

The Africa automotive refinish coatings market share attained a value of USD 153.09 million in 2023, and it is expected to grow at a CAGR of 4.70% between 2024 and 2032. By the end of 2032, the market is projected to reach USD 231.06 million. The increasing vehicle fleet, rising demand for repair and maintenance services, and technological advancements in coatings are driving this growth. Major players in the market include Axalta Coating Systems South Africa (Pty) Ltd, 3M Company, Akzo Nobel N.V., James Briggs Ltd., The Sherwin Williams Company, and The Dow Chemical Company.

Market Outlook

The Africa automotive refinish coatings market is witnessing steady growth due to the rising demand for vehicle repair and refurbishment services across the continent. With the increasing age of vehicles and frequent road accidents, there is a growing need for refinishing coatings to maintain and restore the appearance of vehicles. The rising number of used car sales and increasing disposable income levels are also contributing to market expansion.

Technological innovations in coatings, such as UV-cured and waterborne coatings, are gaining popularity due to their environmental benefits and efficiency. Furthermore, the growing awareness of sustainable products and eco-friendly solutions is propelling the adoption of low-VOC (Volatile Organic Compound) coatings in the automotive sector.

Report Overview

This report provides a comprehensive analysis of the Africa automotive refinish coatings market from 2024 to 2032. It examines key trends, market dynamics, drivers, challenges, segmentation, and recent developments in the industry. The report also highlights the major players shaping the market and their strategies to maintain a competitive edge.

Market Size and Dynamics

The Africa automotive refinish coatings market reached a size of USD 153.09 million in 2023. It is forecast to grow at a CAGR of 4.70%, reaching USD 231.06 million by 2032. This growth is fueled by several factors:

Growing Automotive Aftermarket: The increasing demand for vehicle repair services and the growth of the automotive aftermarket are driving the need for refinish coatings.

Technological Advancements: Innovations in coating technologies, such as UV-cured and waterborne coatings, are improving the durability and performance of refinish coatings, leading to higher demand.

Environmental Concerns: With the rising awareness of environmental sustainability, there is an increasing demand for eco-friendly coatings that comply with stringent VOC regulations.

Market Drivers

Increasing Vehicle Fleet: The growing number of vehicles on African roads, particularly in countries such as South Africa, Nigeria, and Kenya, is contributing to the demand for automotive refinish coatings. As vehicles age, they require maintenance and repair, boosting the demand for coatings.

Rising Used Car Market: The used car market in Africa is expanding rapidly, creating opportunities for the automotive refinish coatings market. Older vehicles often need repainting and refinishing, driving demand for coatings.

Advancements in Coating Technologies: Technological developments in coatings, such as fast-curing systems, eco-friendly formulations, and enhanced durability, are appealing to both consumers and automotive repair shops. These innovations are expected to support market growth over the forecast period.

Key Market Challenges

Price Sensitivity: The automotive refinish coatings market in Africa is price-sensitive, especially in the lower and middle-income segments. High costs associated with premium coatings may limit market growth.

Lack of Skilled Workforce: The lack of skilled labor and professional automotive repair facilities in some African countries can hamper the adoption of advanced coatings.

Economic Instability: Economic instability and fluctuating exchange rates in several African countries may pose challenges for the import and distribution of premium coating products.

Segmentation Analysis

The Africa automotive refinish coatings market can be segmented based on product type, technology, and end-user.

By Product Type: The market is divided into primer, basecoat, clearcoat, and activator. The basecoat segment dominates the market due to its use in providing the primary color and aesthetic appeal to vehicles.

By Technology: Segments include solvent-borne, waterborne, and UV-cured coatings. Waterborne coatings are gaining traction due to their lower environmental impact and compliance with VOC regulations.

By End-User: The market is segmented into commercial and passenger vehicles. Passenger vehicles hold the largest share due to the growing number of personal vehicles in Africa.

Recent Developments

Axalta Coating Systems has expanded its product offerings in Africa by introducing advanced refinish coatings that offer superior durability and eco-friendly features.

3M Company is focusing on expanding its presence in the African market by offering a range of refinish solutions that cater to both high-end and economy segments, ensuring accessibility to all consumer levels.

Akzo Nobel N.V. continues to invest in sustainable coating technologies, offering a range of waterborne and low-VOC refinish coatings in the African market.

Component Insights

The key components in the automotive refinish coatings market include basecoats, clearcoats, primers, and thinners. Basecoats are essential in providing the vehicle’s color, while clearcoats protect the basecoat and give the vehicle a glossy finish. Primers help in improving the adhesion of coatings, and thinners adjust the viscosity of the coatings for smoother application.

End-User Insights

Passenger Vehicles: The demand for refinish coatings in the passenger vehicle segment is driven by the growing number of private car owners seeking aesthetic improvements and repairs.

Commercial Vehicles: Commercial vehicles also contribute to the market, particularly for fleet maintenance and branding purposes.

Regional Insights

South Africa: South Africa holds the largest market share in the Africa automotive refinish coatings market due to its well-developed automotive industry and a growing number of vehicle repair and maintenance facilities.

Nigeria: Nigeria is expected to witness significant growth due to the rising used car market and increasing consumer demand for affordable vehicle repairs.

Kenya: Kenya is emerging as a key market for automotive refinish coatings due to its expanding automotive aftermarket.

Key Players

Axalta Coating Systems South Africa (Pty) Ltd

3M Company

Akzo Nobel N.V.

James Briggs Ltd.

The Sherwin Williams Company

The Dow Chemical Company

Market Trends

Shift Toward Eco-Friendly Coatings: The demand for environmentally friendly coatings is on the rise, with many companies introducing low-VOC and waterborne solutions that meet global environmental standards.

Growing Use of UV-Cured Coatings: UV-cured coatings are gaining popularity due to their fast curing times and superior finish quality, reducing vehicle downtime and improving efficiency.

Rising Demand for Customization: Consumers are increasingly seeking customized vehicle finishes, driving demand for specialty coatings that offer unique colors and textures.

6 FAQs with Answers

What is driving the growth of the automotive refinish coatings market in Africa? The growth is driven by the increasing number of vehicles on the road, rising demand for repair and maintenance services, and advancements in coating technologies.

Which type of coating is most in demand? Basecoats dominate the market as they provide the primary color and aesthetic appeal of vehicles.

What are the key challenges in the market? Price sensitivity, lack of skilled workforce, and economic instability are key challenges facing the market.

Which regions in Africa are leading the market? South Africa, Nigeria, and Kenya are the leading regions in the Africa automotive refinish coatings market.

What are the major trends in the market?

The shift toward eco-friendly coatings, growing use of UV-cured coatings, and increasing demand for vehicle customization are major trends.

Who are the key players in the Africa automotive refinish coatings market? Key players include Axalta Coating Systems South Africa, 3M Company, Akzo Nobel N.V., James Briggs Ltd., and The Sherwin Williams Company.

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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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Waterborne Automobile Coatings Market: Evaluating the Influence of Electric Vehicles on Coating Preferences

Waterborne automobile coatings provide corrosion resistance and protect vehicles from harsh environmental conditions. They offer superior quality finish, durability and are environment friendly as they contain low or no volatile organic compounds (VOCs). The growing environmental regulations regarding VOC emissions have increased the demand for waterborne automobile coatings.

The global waterborne automobile coatings Market is estimated to be valued at US$ 86.39 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity for environment friendly solutions is driving the growth of the waterborne automobile coatings market. Strict regulations imposed by various governments and regulatory bodies worldwide have compelled automobile manufacturers to adopt eco-friendly products in their production processes. Waterborne coatings released lesser VOCs in the atmosphere as compared to solvent borne coatings. They are capable of meeting stringent environmental norms pertaining to VOC emissions. Additionally, waterborne coatings do not emit toxic fumes and hence provide a safer work environment for paint shop workers. Thus, the growing emphasis on developing sustainable and eco-friendly coating technologies will boost the demand for waterborne automobile coatings during the forecast period. Porter's Analysis Threat of new entrants: Low as it requires huge capital investment for R&D and manufacturing facilities.

Bargaining power of buyers: Moderate as some key automotive OEM buyers have bargaining power due to their large purchase volumes.

Bargaining power of suppliers: High as suppliers of raw materials such as resins and polymers have capability to influence prices.

Threat of new substitutes: Moderate threat from substitute coating technologies such as powder and UV-cured coatings.

Competitive rivalry: Intense as key players compete on pricing, new product development and customer service. SWOT Analysis Strengths: Environment-friendly and adhere to stringent emission norms. Provide superior corrosion protection and aesthetic appearance.

Weaknesses: High production costs. Vulnerable to fluctuations in raw material prices.

Opportunities: Increasing vehicle manufacturing and emphasis on eco-friendly coatings in emerging economies.

Threats: Stringent environmental regulations raise compliance costs. Shift towards powder and UV-cured coatings. Key Takeaways The global waterborne automobile coatings market is expected to witness high growth over the forecast period of 2023 to 2030. The global waterborne automobile coatings Market is estimated to be valued at US$ 86.39 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.

Asia Pacific region currently dominates the market owing to presence of major automobile manufacturing hubs in China, India, Japan and South Korea. China is the largest producer and consumer of automobiles globally. The region is estimated to maintain its dominance during the forecast period with growing automotive sector in developing nations. Key players operating in the waterborne automobile coatings market are Akzo Nobel N.V., BASF SE, Axalta Coating Systems, Berger Paints India Limited, Nippon Paint Company Limited, Kansai Paint Company Limited, PPG Industries Inc., Williams-Hayward Protective Coatings Inc., Tikkurila Oyj, The Valspar Corporation, RPM International Inc., and The Sherwin Williams Company. Strategic partnerships and new product innovations are among the key strategies adopted by major players to gain competitive edge in the market.  

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Global Polyurethane Resins Paints and Coatings Market Is Estimated To Witness High Growth Owing To Increasing Demand for Sustainable and Durable Coatings

The global Polyurethane Resins Paints and Coatings market is estimated to be valued at US$ 33,786.16 million in 2022 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023-2032, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

Polyurethane Resins Paints and Coatings are widely used in various industries such as automotive, construction, and furniture for their exceptional durability, chemical resistance, and versatility. These coatings provide high gloss finish, excellent adhesion, and protection against UV radiation, corrosion, and abrasion. The demand for sustainable and durable coatings is increasing due to the growing focus on environmental regulations and consumer preferences for eco-friendly products. Polyurethane Resins Paints and Coatings fulfill these requirements, making them highly sought after in the market.

B) Market Dynamics:

The Polyurethane Resins Paints And Coatings Market is driven by two main factors: increasing demand from end-use industries and stringent environmental regulations.

1. Increasing demand from end-use industries: The automotive industry is a major consumer of Polyurethane Resins Paints and Coatings. These coatings are used for both interior and exterior applications, including automotive refinishing. The growing automotive production and sales worldwide are boosting the demand for polyurethane resins in the market. Additionally, the construction industry is also a significant consumer of these coatings for various applications such as flooring, cabinets, and decorative finishes.

2. Stringent environmental regulations: Governments worldwide are implementing stringent environmental regulations to reduce emissions and promote sustainable practices. Polyurethane Resins Paints and Coatings offer low VOC (volatile organic compound) content and are considered environmentally friendly compared to other coating options. The increasing adoption of these coatings is driven by the need to comply with environmental standards, further driving market growth.

C) Market key trends:

One key trend observed in the Polyurethane Resins Paints and Coatings market is the shift towards water-based formulations. Water-based polyurethane coatings offer several advantages over solvent-based coatings, including lower VOC emissions, reduced toxicity, and easier clean-up. As environmental concerns continue to grow, manufacturers are increasingly focusing on developing water-based formulations to meet sustainability requirements. For example, DSM developed a waterborne polyurethane coating called NeoCryl® XK-95, which offers excellent adhesion and high gloss finish for various applications.

D) SWOT Analysis:

- Strength: Increasing demand from end-use industries and superior properties such as durability and chemical resistance.

- Weakness: High production costs and limited availability of raw materials.

- Opportunity: Growing infrastructure development and increasing consumer preference for sustainable coatings.

- Threats: Intense market competition and volatility in raw material prices.

E) Key Takeaways:

Paragraph 1: The global Polyurethane Resins Paints and Coatings market is expected to witness high growth, exhibiting a CAGR of 4.5% over the forecast period, due to increasing demand from end-use industries such as automotive and construction, along with the need for sustainable and durable coatings.

Paragraph 2: Regionally, Asia Pacific is expected to be the fastest-growing and dominating region in the Polyurethane Resins Paints and Coatings market. This can be attributed to rapid industrialization, infrastructural development, and increasing automotive production in countries like China and India.

Paragraph 3: Key players operating in the global Polyurethane Resins Paints and Coatings market are DSM, Henkel, BASF SE, Arkema, and Sherwin Williams. These companies focus on innovation, product development, and strategic partnerships to gain a competitive advantage in the market.

In conclusion, the global Polyurethane Resins Paints and Coatings market is projected to experience substantial growth due to the increasing demand for sustainable and durable coatings from various industries. The shift towards water-based formulations and strict environmental regulations further contribute to this market growth. However, challenges such as high production costs and competition need to be addressed by key players to maintain their market position.

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Architectural Coatings Market Share, Size - Verified Industry Insights

Our Verified Industry Insights report on the Global Architectural Coatings Market is an invaluable source of information for stakeholders in the market. Our report provides an in-depth analysis of the current market outlook, opportunities, and trends and also offers a comprehensive overview of the market including historical data, market size, and forecast as well. It also provides an overview of the major market players in the market and their competitive landscape.

Architectural Coatings Market was valued at USD 68.65 Billion in 2021 and is projected to reach USD 118.21 Billion by 2030, growing at a CAGR of 6.78% from 2023 to 2030.

The report also offers an in-depth analysis of the latest industry developments, such as new product launches, mergers & acquisitions, strategic collaborations, and partnerships with other market players. Furthermore, the report also provides an inside look at the competitive landscape and a detailed assessment of the market segments to help stakeholders make informed decisions. Additionally, the report offers insights into the industry dynamics which can help readers to understand the forces acting upon the market and the factors driving its growth. With the help of this report, our readers can gain comprehensive and reliable insights into the Global Architectural Coatings Market.

Get a Sample PDF copy of this Architectural Coatings Market Report: 

Architectural Coatings Market report also includes a pricing analysis for each type, manufacturer, region, and global price from 2018 to 2030. This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth.

This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.

Major Players Covered in this Report are:

PPG Industries, Inc., Akzo, Nobel N.V., The Sherwin-Williams Company, Kansai Paints Co., Ltd., BASF SE, Axalta Coating Systems, LLC, Brillux GmbH & Co. KG, Asian Paints Limited, Nippon Paint Holdings Co., Ltd., RPM International Inc., NIPSEA Group, BASF SE, Masco Corporation, Jotun Group, Colorado Commercial & Residential Painting and others

One of the important sections of the research study includes the company profiling of key figures of the Architectural Coatings Market. The authors of the report closely analyze all of the leading companies considered for the research study on the basis of different factors such as their main business, gross margin, and markets served. They also consider their prices, revenue, and production apart from the specification and application of their products. The review period considered here is of nine years.

Global Architectural Coatings Market Segmentation Analysis

The outbreak of COVID-19 has dramatically changed the Architectural Coatings Market. Worldwide, the industry saw signs of recovery in the second quarter, but the industry remains concerned about the prospects of long-term recovery as COVID-19 cases continue to rise, especially in Asian countries such as India.

Architectural Coatings Market, By Resin Type

Acrylic Resin

Alkyd Resin

Vinyl Resin

Polyurethane Resin

Architectural Coatings Market, By Technology

Waterborne Coatings

Solvent-borne Coatings

Powder Coatings

Architectural Coatings Market, By Application

Residential

Non-Residential

Since the start of the pandemic, the industry received a series of blows and surprises. The pandemic has also led to many changes in buyer behavior and attitude. Thus, it is putting additional stress on the industry. This, in turn, is expected to restrain the growth of the market.

Some of the Key Questions Answered in this Report:

What is the Architectural Coatings Market size at the regional and country-level

What are the key drivers, restraints, opportunities, and challenges of the Architectural Coatings Market , and how they are expected to impact the market

What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Architectural Coatings Market

Who are the global key manufacturers of the Architectural Coatings Market? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)

What are the Architectural Coatings Market opportunities and threats faced by the vendors in the Architectural Coatings Market?

Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

What focused approach and constraints are holding the Architectural Coatings Market?

What are the different sales, marketing, and distribution channels in the global industry?

What are the key market trends impacting the growth of Architectural Coatings Market ?

Economic Impact on the Architectural Coatings Market and development trend of the Architectural Coatings Market

What are the Architectural Coatings Market opportunities, market risk, and market overview of the Atorvastatin Calcium market

Each chapter of the report provides detailed information for readers to understand the Architectural Coatings Market further:

Chapter 1: Architectural Coatings Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023 to 2030. Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers' commercial date of Architectural Coatings Market, product type offered by each manufacturer, Mergers & Acquisitions activities, and Expansion activities that occurred in the Architectural Coatings Market. Chapter 3: Architectural Coatings Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Architectural Coatings Market in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Chapter 4: Architectural Coatings Market Product Application, Volume, and Revenue Analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023 to 2030. Chapter 5 to 9: Architectural Coatings Market Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa, including volume and revenue analysis. Chapter 10: Manufacturers' Outline, covering the company's basic information like headquarter, contact information, major business, Architectural Coatings Market introduction, etc. Architectural Coatings Market Sales, Revenue, Price, and Gross Margin of each company, as well as Recent Developments, are also contained in this part. Chapter 11: Industry chains, like raw materials, and manufacturing costs, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter. Chapter 12: Market Channels, Distributors, and Customers are listed. Chapter 13: Verified Market Reports Conclusions of Architectural Coatings Market based on comprehensive survey. Chapter 14: Methodology and Data Sources.

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The global demand for paints & coatings was valued at USD 190512.5 Million in 2023 and is anticipated to reach USD 266501.5 Million in 2032, emerging at a CAGR of 3.8% between 2024 and 2032.The global paints and coatings market has experienced significant growth over the past few decades, driven by an increase in urbanization, infrastructure development, and industrialization. This article delves into the current state of the market, key trends, and future prospects, providing a comprehensive overview for industry stakeholders and enthusiasts.

Browse the full report at https://www.credenceresearch.com/report/paints-and-coatings-market

Market Overview

The paints and coatings market can be broadly segmented into decorative and industrial categories. Decorative paints and coatings are primarily used in residential, commercial, and institutional buildings, while industrial coatings are applied to products during manufacturing for protective and aesthetic purposes. Both segments are crucial, but they serve different end-users and applications.

The global market was valued at approximately USD 160 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of around 5% from 2024 to 2030. The Asia-Pacific region dominates the market, accounting for over 40% of global consumption, followed by North America and Europe. This dominance is attributed to rapid urbanization and industrial activities in emerging economies such as China and India.

Key Trends and Drivers

1. Urbanization and Infrastructure Development: As more people move to urban areas, the demand for residential and commercial buildings increases, driving the need for decorative paints and coatings. Governments and private sectors are investing heavily in infrastructure projects, further boosting market growth.

2. Industrial Growth: Industrial coatings are essential in various sectors, including automotive, aerospace, and marine. The growth of these industries, particularly in developing countries, is a significant driver for the industrial coatings segment.

3. Technological Advancements: Innovation in paint formulations, such as waterborne, powder, and UV-curable coatings, has enhanced product performance and environmental compliance. These advancements are attracting consumers and industries looking for sustainable and efficient solutions.

4. Environmental Regulations: Stringent regulations regarding volatile organic compounds (VOCs) emissions have led to the development of eco-friendly paints and coatings. Manufacturers are focusing on producing low-VOC and VOC-free products to comply with environmental standards and meet consumer demand for green products.

5. Aesthetic Appeal: Increasing consumer preference for aesthetically pleasing and personalized spaces drives demand for decorative paints. Innovations in color palettes, textures, and finishes are enabling consumers to achieve unique looks for their spaces.

Challenges

Despite the positive outlook, the paints and coatings market faces several challenges:

1. Raw Material Price Volatility: The cost of raw materials such as titanium dioxide, resins, and pigments can be volatile, impacting profit margins for manufacturers.

2. Environmental Concerns: While advancements have been made, the industry still faces challenges in completely eliminating harmful chemicals and achieving full sustainability.

3. Competition: The market is highly competitive, with numerous players ranging from large multinational corporations to small and medium-sized enterprises. This competition can lead to price wars and reduced profitability.

Future Prospects

The future of the paints and coatings market looks promising, with several factors likely to drive growth:

1. Sustainability: As environmental concerns continue to grow, there will be a greater emphasis on developing sustainable products. Innovations in bio-based and waterborne coatings are expected to play a crucial role in this transformation.

2. Smart Coatings: The development of smart coatings with functionalities such as self-cleaning, anti-microbial, and anti-corrosive properties is gaining traction. These advanced coatings offer added value and are likely to see increased adoption in various industries.

3. Emerging Markets: Growth in emerging markets, particularly in Asia, Latin America, and Africa, presents significant opportunities. Rapid urbanization and industrialization in these regions will drive demand for both decorative and industrial coatings.

4. Digitalization: The integration of digital technologies in the manufacturing process, such as automation and the Internet of Things (IoT), is expected to enhance efficiency and product quality. Digital tools are also improving customer engagement and providing personalized solutions.

Key Players

AkzoNobel (Netherlands)

Kansai Nerolac Paints Ltd (India)

Kwality Paints & Coatings Pvt. Ltd (KPCPL) (India)

Kansai Paint Co. Ltd (Japan)

The Sherwin-Williams Company (U.S.)

NIPSEA GROUP (Singapore)

Nippon Paint Holdings Co. Ltd (Japan)

Jotun (Norway)

Axalta Coating Systems (U.S.)

TIKKURILA OYJ (Finland)

Dunn-Edwards Corporation (U.S.)

Asian Paints (India)

RPM International Inc. (U.S.)

PPG Industries Inc. (U.S.)

Others

Segmentation

By Product Type

Architectural/Decorative Coatings

Interior Paints

Exterior Paints

Wood Coatings

Metal Coatings

Industrial Coatings

Automotive Coatings

Marine Coatings

Industrial Machinery Coatings

Protective Coatings

Specialty Coatings

High-Performance Coatings

Fire-Resistant Coatings

Anti-Corrosion Coatings

Others

By Technology

Waterborne Coatings

Solventborne Coatings

Powder Coatings

UV-Cured Coatings

Others

By Resin Type

Acrylic

Alkyd

Polyurethane

Epoxy

Polyester

Others

By End-User

Construction

Automotive

Aerospace

Oil and Gas

Industrial Manufacturing

Wood and Furniture

Packaging

Consumer Goods

Others

By Distribution Channel

Direct Sales

Distributor Sales

Online Retail

By Application Method

Spray Coating

Brush/Roller Coating

Dip Coating

Electrostatic Coating

Others

By Region

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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Waterborne Coatings Market | Global Industry Report, 2027

The global Waterborne Coatings market is estimated to attain a valuation of US$ 120.03 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.9% during the forecast period, 2019 - 2027.

The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Waterborne Coatings industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.

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The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Waterborne Coatings market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.

Waterborne Coatings Market: Industry Trends and Value Chain

The study on the Waterborne Coatings market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.

Waterborne Coatings Market: Branding Strategies and Competitive Strategies

Some of the key questions scrutinized in the study are:

What are some of the recent brand building activities of key players undertaken to create customer value in the Waterborne Coatings market?

Which companies are expanding litany of products with the aim to diversify product portfolio?

Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Waterborne Coatings market?

Which companies have expanded their horizons by engaging in long-term societal considerations?

Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?

What are the marketing programs for some of the recent product launches?

The list of key players operating in the Waterborne Coatings market includes following names:

BASF SE, Akzo Nobel N.V., Asian Paints, Axalta Coating Systems Ltd., Altana AG, PPG Industries Inc

Get Customization on this Report for Specific Research Solutions - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=14519

Waterborne Coatings Market: Assessment of Avenues and Revenue Potential in Key Geographies

Some of the key aspects that the study analyzes and sheds light are:

Which regions are witnessing rise in investments in the supply chain networks?

Which countries seems to have benefitted from recent import and export policies?

Which regions have witnessed decline in consumer demand due to economic and political upheavals?

Which are some the key geographies that are likely to emerge as lucrative markets?

Which regions are expected to lose shares due to pricing pressures?

Which regions leading players are expected to expand their footprints in the near future?

What are some the sustainability trends impacting the logistics and supply chain dynamics in the Waterborne Coatings market?

What are some of the demographic and economic environments that create new demand in developing economies?

How are changing government regulations shaping business strategies and practices?

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Asia-Pacific construction adhesive market will reach an estimated valuation of USD 7,577.81 million by 2027|Key Players Wanhua Chemical Group Co., Ltd., KURARAY CO., LTD., Coim Group, 3M, Franklin International

Construction adhesive market is estimated to grow at 5.7% for 2018-2025 with factors such as stringent regulatory framework and the applications of adhesives used in waterproofing, roofing and cladding and insulation application and other factors such as less scope in developed economy will hamper the growth of the market in emerging economies. Construction adhesive market has shown an exceptional penetration in developed economies In North America. Prevalence don improved infrastructure along with increasing investment to fuel construction activities will helps in boosting the growth of the market.

Increased government expenditure on infrastructure is the vital factor escalating the market growth, also increasing demand of glazing and panels in high rise buildings, advancements for safe and easy application and growth of Asia Pacific automotive industry are the major factors among others driving the Asia Pacific construction adhesive market. Moreover, government's investment on infrastructure construction and urbanization will further create new opportunities for the Asia Pacific construction adhesive market in the forecast period of 2020- 2027.However, volatility in raw material prices and stringent regulatory scenario are the major factors among others acting as restraints, and will further challenge the growth of Asia Pacific construction adhesive market in the forecast period mentioned above.

Asia Pacific Construction Adhesive Market By Resin Type (Acrylics, Epoxy, Polyurethanes, Polyvinyl Acetate, Silicones, Other Resin Types), Technology (Waterborne, Reactive, Hot-melt, Other Technologies), End-Use Sector (Residential, Commercial, Infrastructure, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027This construction adhesive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on construction adhesive market us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Get Sample PDF of North America Asia-Pacific construction adhesive market Report (including COVID19 Impact Analysis) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-construction-adhesive-market

Asia-Pacific Construction Adhesive Market Development:

In September 2019, Bostik with its parent company Arkema Inc announced the launch of modified silicone sealant which will increase the efficiencies of resin based coatings and also enhances the appeal of the product. The product will provide adhesion to metals, glass and plastic by improving the durability.

Asia-Pacific Construction Adhesive Market Scope and Market Size:

Construction adhesive market is segmented on the basis of resin type, technology and end-use sector. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Based on resin type, the construction adhesive market is segmented into acrylics, epoxy, polyurethanes, polyvinyl acetate, silicones and other resin types

On the basis of technology, the construction adhesive market is segmented into waterborne, reactive, hot-melt and other technologies

The construction adhesive market is segmented on the basis of end-use sector into residential, commercial, infrastructure and industrial

The major players covered in the construction adhesive market report are Wanhua Chemical Group Co., Ltd., KURARAY CO., LTD., Coim Group, 3M, Franklin International, ITW Polymers Adhesives, and AVERY DENNISON CORPORATION among other domestic players. Market share data is available for Asia-Pacific (APAC) only. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

MAJOR TOC OF THE REPORT:

Chapter One: Asia-Pacific Construction Adhesive Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Asia-Pacific Construction Adhesive Market Competition, by Players

Chapter Four: Asia-Pacific Construction Adhesive Market Size by Regions

Chapter Five: Asia-Pacific Construction Adhesive Market Revenue by Countries

Chapter Six: Asia-Pacific Construction Adhesive Market Revenue by Type

Chapter Seven: Asia-Pacific Construction Adhesive Market Revenue by Application

Chapter Eight: Asia-Pacific Construction Adhesive Market Revenue by Industries

Chapter Nine: Asia-Pacific Construction Adhesive Market Revenue by Deployment Model

Chapter Ten: Asia-Pacific Construction Adhesive Market Revenue by End User

Get Table of Content on Request @ https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-construction-adhesive-market

Key Report Highlights:

Comprehensive pricing analysis based on different product types and regional segments

Market size data in terms of revenue and sales volume

Deep insights about regulatory and investment scenarios of the global Information Rights Management Market

Analysis of market effect factors and their impact on the forecast and outlook of the global Information Rights Management Market

The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Information Rights Management Market

A roadmap of growth opportunities available in the Global Information Rights Management Market with the identification of key factors

The exhaustive analysis of various trends of the Global Information Rights Management Market to help identify market developments

Key Questions Answered in Report:

What is the key to the Information Rights Management Market?

What will the Information Rights Management Market Demand and what will be Growth?

What are the latest opportunities for Information Rights Management Market in the future?

What are the strengths of the key players?

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North America Construction Adhesive Market

Europe Construction Adhesive Market

Construction Adhesive Market

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Coil Coating Market: Navigating Regulatory Challenges for Growth

Coil coatings are coating materials that are applied as a thin layer protective film onto metal coils and sheets. They help protect the underlying substrate from corrosion and other environmental damages. Coil coatings provide excellent gloss retention and color stability. They find applications in construction, appliances, automobiles and other general industrial applications.

The global coil coatings market size is estimated to be valued at US$ 1,510.97 billion in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period from 2023 to 2030. Key Takeways Key players operating in the coil coatings market are Beckers Group., Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. Key players are focusing on developing bio-based and sustainable coil coating products to capitalize on the growing environmental consciousness. For instance, Beckers Group offers Beckryl waterborne and sustainably certified coil coatings. The growing construction industry across the globe is driving the demand for coil coatings. Coil coatings find widespread application in roofing, siding, decking, and other building components in the construction of commercial and residential buildings. Rapid urbanization and infrastructure development are augmenting the growth of the global construction industry. Geographic expansion into emerging economies is another key trend observed in the coil coatings market. Leading manufacturers are focusing on setting up production facilities or acquiring regional players in high growth markets like Asia Pacific, Middle East & Africa and South America. This allows them to better serve the local demand and leverage growth opportunities. For example, AkzoNobel has production sites across 20 countries to serve customers globally. Market key trends Sustainable product innovation is a major trend in the coil coatings market. Customers are increasingly preferring eco-friendly coatings manufactured using bio-based resins and low or zero VOCs. To cater to this demand, manufacturers are investing in R&D to develop novel and greener coating formulations. For instance, Beckers Group offers Xyladecor coil coating made from wood extracts and Nippon Paint provides Novacq water-based coil coating with very low environmental footprint. Such innovations will drive further revenue growth of the market over the coming years.

Porter’s Analysis Threat of new entrants: New entrants face high capital requirements to enter the mature coil coatings market.

Bargaining power of buyers: Large buyers in the automotive and construction industries can negotiate lower prices from suppliers due to their purchasing power.

Bargaining power of suppliers: The presence of many suppliers ensures that no individual supplier has significant influence over prices.

Threat of new substitutes: There exists a threat from substitute materials like powder coatings and galvanizing for end-use applications.

Competitive rivalry: The rivalry among existing players is very high as they compete on the basis of product quality, price and service. Geographical Regions North America accounted for the largest share of the global coil coatings market in terms of value in historical year. This is attributed to the presence of well-established construction and automotive industries in the region. Asia Pacific is expected to be the fastest growing geographical market for coil coatings between the forecast period. This growth can be attributed to increasing automobile production and construction activities in developing countries like China and India.

[chemicalresearchupdates]

Coil Coating Applications Across Industries: An In-depth Market Analysis

Coil coatings are protective and decorative liquid coatings applied to continuous coils of sheet metal before fabrication and construction. They provide long-lasting corrosion resistance, durability and attractive appearance to metal roofing, siding, rain gutters, HVAC equipment, automobiles and appliances. The growing construction industry across the globe is leading to rising demand for metal coatings in end-use industries like construction and automobiles. The global coil coatings market is estimated to be valued at US$ 1,510.97 billion in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity to increase decorative appeal and extend lifecycle of metal coatings is expected to drive the growth of coil coatings market over the forecast period. Coil coatings are extensively used in metal building products as they provide aesthetic appeal along with UV protection and corrosion resistance. They can be easily customized with different textures and gloss levels to match the interior and exterior design trends in construction. This allows architects and builders to be more creative and customize the look of metal buildings. Furthermore, coil coatings stay on the metal surface and resist fading, peeling or cracking for decades, extending the service life of metal parts and reducing maintenance costs. Their longevity and low lifecycle costs are major attractions for construction and durable goods industries. Rising commercial construction and replacement demand for long-lasting metal coatings will support the market growth. Porter’s Analysis

Threat of new entrants: The threat of new entrants in the coil coatings market is moderate. High capital investment required for starting a production facility poses significant entry barriers. However, the availability of raw materials and technologies makes new market entry feasible.

Bargaining power of buyers: The bargaining power of buyers in the coil coatings market is high. Buyers have various established coil coating manufacturers to choose from. They can negotiate on price and demand better quality and service.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. Major raw materials like resins and pigments have numerous global suppliers. However, suppliers may have some control over price and supply due to their specialized manufacturing process.

Threat of new substitutes: The threat of substitutes is low. There are limited substitutes for coil coatings which provide corrosion protection and aesthetic appeal for building exteriors. However, demand for substitutes like PVDF coatings is increasing.

Competitive rivalry: The competitive rivalry in the global coil coatings market is high due to presence of numerous global and regional players. Manufacturers focus on new product development, geographical expansion, and strategic alliances to gain market share.

SWOT Analysis

Strengths: Growing construction industry worldwide resulting in increased demand for pre-painted steel/aluminum coils. Coil coatings offer protection against UV radiation, corrosion and scratches.

Weaknesses: Strict environmental regulations regarding VOC emissions requiring ongoing formulations changes. Fluctuating raw material prices affect the overall product cost.

Opportunities: Rising use of coil coatings in end-use industries like automotive, appliances, and packaging. Development of sustainable waterborne and powder coatings technologies.

Threats: Availability of alternative coating materials like PVDF and architectural PVC films. Threat from aluminum composites due to their lightweight and rust-resistant property. Stringent health and safety regulations regarding use of hazardous chemicals.

Key Takeaways

aThe global coil coatings market is expected to witness high growth at a CAGR of 4.3% during the forecast period of 2023 to 2030. The market size was valued at US$ 1,510.97 billion in 2023 and is projected to reach US$ 2,153.96 billion by 2030. Regional analysis- Asia Pacific region dominated the global coil coatings market in 2023 with a share of more than 40%. China led the regional market owing to largest construction industry. India and Southeast Asian countries are expected to be fastest growing markets due to rapid urbanization and infrastructure development projects. Key players- Key players operating in the coil coatings market are Beckers Group, Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. These companies focus on expanding their production facilities in emerging countries and adopt sustainable technologies to strengthen their market position.

[deepestarbiterwasteland]

E-Coat Market Global Size, Demand, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Top Companies, Revenue And Growth 2027

Industry/ Innovation/ Related News:

January 2016 – PPG marks completion of $20 million electrocoat center at zhangjiagang, china, facility. The new 37,500-square-foot (nearly 3,500 square meters) center adds production and blending capacity for high-performance cathodic electrocoat (e-coat) coatings. It is PPG’s second e-coat blending operation in China along with one in Tianjin. The new operation is expected to help PPG meet growing demand by automotive-manufacturing and industrial customers for environmentally friendly coatings, such as waterborne e-coat products that comply with environmental regulations in China. PPG was the first company to introduce electrocoat technology commercially in an automotive OEM (original equipment manufacturer) assembly plant 52 years ago. E-coat technology offers high coating uniformity and efficiency as well as superior corrosion protection, and it has virtually eliminated rust on vehicles in addition to providing corrosion resistance to household appliances, computers and other electronic devices, and automotive and mechanical parts.

 November 2015 – Parker Trutec Inc. has announced that the Urbana, Ohio, facility will construct a 57,000-square-foot building expansion. This expansion is expected to add a third electrocoating line to the coatings application facility located at 4795 Upper Valley Pike. This new electrocoating process line addition compliments the other electrocoat lines that are already in place at Parker Trutec and is expected to launch mass production by second quarter 2017. The total project cost will exceed $8.0 million.

June 2017 – BASF invests USD40 million in automotive coatings in North America. Increased waterborne base e-coat capacity in Tultitlan and electrocoat emulsion capacity in Greenville enables BASF to continue to drive innovation through production of state-of-the-art automotive coatings. Waterborne basecoats are low volatile organic compound paint products that give vehicles their color and electrocoat or e-coat is the primer coat applied to vehicles to prevent corrosion.

E-Coating Market   - Regional Analysis:

Asia Pacific region accounted largest market share in the global e-coat market and expected to dominate during the forecast period due to rising population, automotive and growing residential and non-residential activities in the region. China being largest consumer, manufacturer and exporter of e-coating. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is 'Make in India'. This initiative is expected to foster growth in Indian e-coat market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments. Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies. In addition to this, North America & Europe have witnessed healthy growth in e-coating market owing to a growing non-residential repair, renovation and new construction activities in the region.

Competitive Landscape:

The report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global e-coating market is at a growing stage, which represents moderate stats in terms of market value and overall volume. Over the past few years, e-coating market has witnessed healthy demand due to increasing spending capacity of people which has stoked sales of furniture. Nevertheless, the degree of competition among the market players is still less owing to limited major market players across the globe. Globally market for e-coating is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

Ad-Tech Industries Inc., Axalta Coating Systems, Nippon Paint Holdings, Beacon Industries, Inc., BASF SE, PPG Industries, KCC Corporation, Valspar Corporation, Noroo Paint & Coatings, Hawking Electrotechnology among others are some of the prominent players at the forefront of competition in the Global E-Coating Market and are profiled in MRFR Analysis.  

E-Coating Market – Overview:

Apart from the aesthetic aspects, the e-coat needs to be protected against mechanical, physical and chemical attack is the reason why we coat the vehicles by means of electrocoating technology. There are verity of demands on e-coatings. The demand for materials for exterior application are different to those for products for interior applications. To fulfil this demand, several types of binders and additives are available. Furthermore, the application technology used depends on both the binder and the market. Improvement in sustainability, reduction of harmful substances and reduction of volatile organic compounds (VOC) are some of the general trends as per the requirement and regulations in global e-coat market. The relative importance of the various trends in e coat market depends on the governmental regulations in regions and on consumer need.  

The growth in the e-coat industry is primarily be driven by a boom in residential construction activity in the world and growing automotive industry in the Asia Pacific region. In addition to this, increasing spending capacity of people in turn is expected to benefits the major applications in which e-coatings and preservatives are used – namely metals like steel, aluminium, titanium among others.

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  NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Waterborne Coatings Market at a CAGR of 5.0% by 2021

According to the report, global waterborne coatings market was valued at USD 58.39 billion in 2015, is expected to reach USD 78.24 billion in 2021 and is anticipated to grow at a CAGR of 5.0% between 2016 and 2021.

Water-borne coatings utilize water as a solvent, which makes them eco-friendly and easy to apply. Waterborne coatings generally include around 80% of water with least amount of other…

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Top 10 Best Longboard Trucks to Buy in 2019

Riding on a premium quality longboard can be super fun! However, having a good set of trucks beneath your longboard can give you a pleasant joy of longboarding. Imagine, if you have a premium quality board that looks fabulous, grips well, and has super flex built into it. But if you don’t have a good set of trucks on your board, you might not experience the best longboarding that you expect. Today, we will help you to find the best longboard trucks that will give you the most pleasant ride you have ever got. For your convenience, we have selected the most popular sets of trucks available on the market. Besides, we will also be answering your FAQ’s to clear all your possible doubts.

1. Best for Smooth Manoeuvrability: Sector 9 Gullwing Sidewinder II Longboard Trucks

Gullwing Sidewinder II from Sector 9 is the ideal choice for those who are looking for a good set of longboard trucks which is superior in all fields. These trucks are the best companion for those who want to able to turn very smoothly, even at sharp corners. These trucks give the perfect blend of balance and turn that helps an intermediate as well as professional riders to cruise smoothly. They come in two width variants – 9 and 10 inches out of which the 10 inches variant is more stable.

Pros

Superior adjustability with two kingpins

Turns very easily

Great for Smooth Manoeuvrability

Cons

Can be paired only with selected boards

Requires risers and cutouts to set up properly

2. Best for Carving: Paris V2 180mm 50 Degree Longboard Trucks

When it comes to buying the best longboard truck, Paris is a worthy brand to consider. This is one of the most popular and trusted brands in the world, while this V2 180mm longboard truck is their best production. This longboard truck offers the best stability and response that allows you to carve in the best possible way.  The base plater can be paired with both newer and older models. The 50-degree radius helps you remain stable even at the sharp cut and turns. The best part of this truck is its build quality. It is made up of virgin aluminum and been treated with heat to reinforce them.

Pros

Great stability while cut and turns

Available in different color options

Lifetime guarantee

Cons

A bit expensive

They do make some noise at fast speed

3. Best Longboard Combo: Yocaher Longboard Skateboard Trucks Combo Set 

If you have bought the deck and is looking for a complete longboard set, you must go for this Yocaher Longboard trucks combo set. This combo set consists of both the trucks and the wheels and all its associated components in different colo options. The wheels are made up of tough quality plastics. This combo set also includes risers to help the wheels to avoid biting and catching into the ground as you ride. The trucks are perfectly crafted to give you great grip and balance while you ride on the deck. Overall, this is a perfect combo set for those who want to build their longboard from scratch.

Pros

Comes with wheels, trucks, and bearings

Risers to help durability and aid the ride

Affordable price

Cons

Wheels are of average build quality

Trucks come in black color only

4. Best Responsiveness: Caliber Trucks Cal II 50 Degree Longboard Trucks

Caliber, the sister company of Blood Orange are one of the finest wheel makers. Besides, they also make the best quality longboard truck that gives superior movement to the deck. With an already excellent Cal I, the company has made these trucks 40% stronger than the older one. With Cal II trucks, you can enjoy all sorts of longboard rides with great stability and response. The best part of this truck is, it comes with a superior quality bushing that gives extra stability and responsiveness while you cruise on this truck. One possible problem is going to be noise which you might face after longer usage.

Pros

Available in different color combinations

Premium quality bushings

Great Build quality

Cons

Circular kingpin holes instead of oblong

They do make some noise

5. Best for Downhills: Bear Grizzly 852 52 Gen 5 Degree Longboard Trucks

Bear Grizzly is one of the most prestigious companies in this industry. They are known for making the best quality trucks and longboard equipment. Well, these 852 Gen 5 trucks are one of their finest productions. The thing which makes this truck different from others is it can be mounted in two different ways. It can either be stable or fast, making it ideal for both downhill and cruising. This truck has a 52-degree pivot angle that allows you to enjoy a stable ride. Well, one of its downsides is they don’t come with tools to help you assemble everything. So, you have to arrange those tools yourself.

Pros

Unique Design

Can be used in two different ways

Very fast and stable

Cons

No tools provided with the box

Requires risers and cutouts to set up properly

6. Best for Street Cruising: Cal 7 180mm Trucks with Wheels, Bearings, Hardware

Cal 7 180mm is also a longboard combo set that comes with wheels, bearing, and all the essential hardware that is needed to make a great longboard. Like most of the longboarding combo sets, it also comes in different colors to perfectly match your deck color. The truck is made up of lightweight aluminum that gives it strength that let you enjoy pleasant rides. Besides, this combo includes 78A durometer wheels that are perfect for cruising on streets. If you already have an old deck or bought a new one, you should try this combo once!

Pros

Complete package to build your longboard

Truck quality is superb for the asking price

Affordable price

Cons

Longer bolts will be preferred for the risers

Bearings may need to be replaced on long term excessive use replaced on long term excessive use

7. Best of Beginners: SCSK8 LONGBOARD Skateboard TRUCKS COMBO Set 

The SCSK8 is the perfect combo set for any longboard lover who wants to learn longboarding or at the beginning phase. This truck combo set bundles everything that you need to set up your longboard. It comes in different colors to choose from so that you get the right matching color of your choice. This trucks combo set gets perfectly paired with both old as well as new decks. The wheels included in this set are hard and stable. Installing this truck on the deck is very easy and takes barely 10-15 for the complete installation.

Pros

Includes every single hardware to assemble the trucks

Easy to install

Available in different colowrs

Cons

Bushings could be better

Bearings are just average

8. Best Overall: INDEPENDENT Skateboard Trucks (2 trucks)

Are you looking for a skateboard truck that fits best for all kind of skateboards? Well, this Independent Skateboard will be the perfect choice for you. Independent Skateboard trucks have been trusted by many professional skateboarders. This skateboard truck is coated with Aluminum with 356 T6 Aluminum formula that makes it extremely tough and gives it extra strength. These trucks are stable that allows you to maintain the perfect balance on sharp turns. The best thing about this truck is it is available at a very affordable price. However, one of its downsides is you can only install these trucks on limited decks.

Pros

Excellent quality trucks

Remains stable even on sharp turns

Affordable price

Cons

Limitations on deck size between 7.4-8 inches

9. Best for any Boards: Thunder Polished Team Skateboard Trucks (Set of 2) 

If you are looking for longboard trucks that get paired with any of your boards, then this is the perfect choice for you. The Thunder Polished trucks are made up of high-quality material that makes it reliable for any decks. The best feature of these trucks is they can be installed on any decks. The truck features solid Chromoly axles and kingpins that makes it last longer. With ergonomic design, these trucks offer the right blend of stability and performance. The height of the trucks lies somewhere in between high and low.

Pros

Can be used with any decks

Durable and delivers high performance

Remains stable even on sharp turns

Cons

Height of these trucks could be longer

10. Best Longboard Companion: Surf and Rail Adapter by Waterborne 

If you want to give your longboard or skateboard a high jump in its performance, you must add this adaptor on your board.  This Surf and Rail adapter can be installed on any board. Installing this adapter on your board will increase its stability that let you surf easier than ever. With this adapter, you can carve, jump, and can control slides with the precision. This tool is made up of aluminum alloy that can withstand up to 1,500 lbs. So, if you want to give your old skateboard new capabilities, go and give this Surf and Rail adapter a try!

Pros

Made up of tough quality material

Adds great capabilities to your old longboard

Great for smooth carving

Cons

A bit expensive

Frequently Asked Questions About Best Longboard Trucks:

1: What size longboard trucks should I get?

Ans: Most commonly, longboard decks are 9-10” wide. And so, you should only buy longboards of 9-10” axles in size to get the best out of longboarding.

2: Can you put Longboard trucks on a cruiser?

Ans: The answer is a big Yes! You can easily put the Longboard trucks on a cruiser if you want to enjoy a smooth ride on the streets.

3: What degree are Longboard trucks?

Ans: The degree of Longboard trucks varies from 38-degrees to 52-degrees. The mean difference among two is a high-angle will lean less for the turn in comparison to the low-angle truck.

4: Do trucks matter on a longboard?

Ans: Yes, of course! Any longboard must have two trucks to add wheels to the board to make it able to roll on the surface.

5: Which way do trucks face on a longboard?

Ans: The truck on the longboard should be placed in such a way that the kingpin and the bushing should face inward, towards each other.

6: Do independent trucks have a lifetime warranty?

Ans: Yes, Independent trucks comes with a lifetime warranty that includes the defects related to materials, workmanship, or if they bend, break, the axles slip, or the truck stops working under normal wear and tear situation.

7: Why do Longboards have the trucks backward?

Ans: Longboards have their trucks assembled backward just to stabilize the longboards at high speed and helps to cruise smoothly.

8: What does wheel bite mean?

Ans: In longboarding, wheel bite means that the wheels of the longboard rub against the bottom of the deck. This in turn stops your longboard suddenly.

9: How do I tighten my truck evenly?

Ans: You can tighten the truck with the help of skate tool or any tool that fits on that screw given on the trucks.

10: Are drop through trucks different?

Ans: Yes, drop through trucks are different as the baseplate on the drop through trucks are mounted at the top of the board while the hanger is settled at the bottom.

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