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rakshasns · 2 months ago

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Pine-Derived Chemicals Market 2030 Segments, Trends and Analysis

Pine-Derived Chemicals to Reach USD 7.65 Billion by 2030, Growing at a CAGR of 4.62%

Global Pine-Derived Chemicals Size, Share, and Forecast Report 2023-2030

Introduction

The Pine-Derived Chemicals Market Size is projected to experience steady growth over the next decade, driven by increasing demand from diverse industries such as paints and coatings, adhesives, sealants, and more. Valued at USD 5.33 billion in 2022, the is expected to grow at a compound annual growth rate (CAGR) of 4.62%, reaching USD 7.65 billion by 2030. Pine-derived chemicals, which include products such as tall oil fatty acids (TOFA), tall oil rosin (TOR), gum turpentine, gum rosin, pitch, and sterols, are gaining attention for their environmentally friendly attributes and diverse industrial applications.

This press release provides an overview of the key factors driving growth, trends shaping the industry, segmentation by type and application, and regional insights as the pine-derived chemicals expands globally.

Drivers and Growth Factors

Several factors are contributing to the rising demand for pine-derived chemicals worldwide:

Growing Demand for Sustainable and Eco-friendly Products: Pine-derived chemicals, obtained from pine trees as by-products of the pulp and paper industry, are recognized for their sustainable and renewable nature. As companies and consumers increasingly shift towards environmentally friendly solutions, the demand for pine-based chemicals is growing across multiple industries.

Expanding Applications Across Industries: Pine-derived chemicals are used in a variety of industrial applications, including paints and coatings, adhesives, sealants, surfactants, and printing inks. The versatility of these chemicals, combined with their biodegradability, has made them a preferred choice for manufacturers seeking sustainable raw materials.

Increasing Use in Adhesives and Sealants: Pine-derived chemicals such as gum rosin and TOFA are widely used as raw materials in the production of adhesives and sealants. The construction, packaging, and automotive industries are seeing growing demand for bio-based adhesives, which is further driving the use of pine-derived chemicals.

Rising Popularity of Bio-based Surfactants: Surfactants, widely used in detergents, personal care products, and industrial cleaning agents, are seeing a shift towards bio-based alternatives. Pine-derived chemicals, particularly tall oil derivatives, are being utilized to create eco-friendly surfactants, contributing to the ’s growth.

Innovation in Extraction and Processing Technologies: Continuous advancements in extraction and refining processes are enabling more efficient production of pine-derived chemicals. As the technology to extract valuable chemicals from pine trees improves, the availability and quality of pine-based products are also expected to rise.

Segmentation

The global pine-derived chemicals can be segmented by type, application, source, process, and region.

By Type:

Tall Oil Fatty Acids (TOFA): TOFA is one of the most widely used pine-derived chemicals and is primarily used in the production of alkyd resins, adhesives, and surfactants. Its demand is growing in industries looking for bio-based alternatives to petrochemicals.

Tall Oil Rosin (TOR): TOR is a versatile product used in various applications such as adhesives, coatings, and inks due to its excellent film-forming properties and high adhesive strength.

Gum Turpentine: Derived from the distillation of resin, gum turpentine is used as a solvent in paints, varnishes, and chemical intermediates. It is also widely used in the fragrance and flavor industries.

Gum Rosin: Gum rosin, another major pine-derived chemical, is commonly used in adhesives, rubber, and printing inks. Its sticky and water-resistant properties make it essential for various industrial applications.

Pitch: Pitch is primarily used in heavy-duty industrial applications such as road surfacing, waterproofing, and as a binder in briquettes.

Sterols: Pine sterols, extracted from tall oil, are increasingly used in pharmaceuticals, cosmetics, and food supplements due to their health benefits, including cholesterol reduction.

By Application:

Paints & Coatings: Pine-derived chemicals are widely used in the formulation of eco-friendly paints and coatings, particularly in the construction and automotive sectors. The demand for sustainable paints with lower volatile organic compounds (VOCs) is driving the growth of pine-based resins and solvents.

Adhesives & Sealants: Gum rosin and TOFA are essential components in the production of adhesives and sealants, particularly in the packaging, construction, and automotive industries. The growing demand for sustainable and high-performance adhesives is bolstering expansion.

Surfactants: The use of pine-derived chemicals in surfactants is rising as industries shift towards biodegradable and bio-based cleaning agents, detergents, and personal care products.

Printing Inks: Pine-based resins, particularly gum rosin, are used in the production of printing inks, offering excellent adhesion and gloss. The growing demand for sustainable packaging and printing solutions is supporting the ’s growth.

By Source:

Pine Trees: Pine-derived chemicals are extracted from different parts of the pine tree, including resin, wood, and needles. The chemical composition varies depending on the part of the tree used, but the majority of commercial products are derived from resin.

By-products of Pulp and Paper Industry: Tall oil, one of the main sources of pine-derived chemicals, is a by-product of the kraft pulping process. The recovery and processing of these by-products are gaining traction as an important part of sustainable chemical production.

By Process:

Distillation: Distillation is one of the most common processes used to extract and refine pine-derived chemicals, particularly gum rosin, turpentine, and tall oil. This method ensures high-quality products with minimal impurities.

Fractionation: Fractionation is a refining process used to separate different components from tall oil, enabling the production of specialized products such as TOFA, sterols, and pitch.

Regional Outlook

North America: North America holds a significant share of the global pine-derived chemicals , driven by the region’s large forestry industry and increasing demand for bio-based products in sectors such as construction, automotive, and packaging. The U.S. and Canada are key producers of pine-derived chemicals, benefiting from advancements in refining processes and a strong focus on sustainability.

Europe: Europe is the second-largest for pine-derived chemicals, with countries like Sweden, Finland, and Germany leading the way. The European is driven by stringent regulations on environmental sustainability and the growing demand for eco-friendly alternatives in various industries, including paints, adhesives, and personal care.

Asia-Pacific: The Asia-Pacific region is expected to witness the fastest growth during the forecast period. The rising demand for pine-derived chemicals in rapidly developing industries such as construction, automotive, and packaging, particularly in China and India, is fueling expansion. Increasing investments in sustainable production practices are also contributing to the region's growth.

Latin America and Middle East & Africa: These regions are emerging s for pine-derived chemicals, with growing awareness of sustainable solutions and an increasing demand for bio-based products across various industrial sectors.

Trends Shaping the Future of the Pine-Derived Chemicals

Rising Demand for Bio-based Chemicals: As industries seek to reduce their reliance on petrochemicals, the demand for bio-based alternatives, such as pine-derived chemicals, is expected to grow. This trend is particularly pronounced in industries such as packaging, adhesives, and personal care.

Technological Advancements in Extraction and Refining: Innovations in extraction and refining processes are helping manufacturers produce higher-quality pine-derived chemicals at lower costs. These advancements are expected to drive growth by improving the efficiency and sustainability of production.

Shift Towards Sustainable and Eco-friendly Products: Consumers and industries alike are increasingly favoring products that are biodegradable, renewable, and environmentally friendly. This trend is driving the adoption of pine-derived chemicals across a variety of industries.

Key Players

Several key players are driving the growth of the pine-derived chemicals , including:

Kraton Corporation

Eastman Chemical Company

Harima Chemicals Group

Georgia-Pacific Chemicals

Ingevity Corporation

These companies are investing in research and development, product innovation, and sustainable practices to expand their presence and meet the growing demand for eco-friendly pine-derived chemicals.

Conclusion

The global pine-derived chemicals is poised for steady growth over the next decade, driven by increasing demand for bio-based products, expanding applications across various industries, and advancements in extraction and refining technologies. With a projected CAGR of 4.62% from 2023 to 2030, the is expected to reach USD 7.65 billion by 2030, offering ample opportunities for innovation and expansion.

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Akash Anand – Head of Business Development & Strategy

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communicationblogs · 2 months ago

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Antifoaming Agent Market — Forecast(2024–2030)

Antifoaming Agent Market size is forecast to reach $10.13 billion by 2030 after growing at a CAGR of 4.1% during 2024–2030.

Antifoaming agent is chemical additive that reduces the formation of foam in industrial process liquids. The growth of the market of antifoaming agent is expected to be driven by the high demand from the food and beverages industry. A prominent trend in the Antifoaming Agent market is the increasing demand for sustainable solutions. As industries prioritize environmental consciousness, there’s a growing interest in antifoaming agents derived from eco-friendly sources. Biodegradable and renewable antifoaming agents, often plant-based, are gaining traction. Manufacturers are investing in research to develop formulations that provide effective foam control while aligning with sustainability goals, catering to environmentally conscious industries like food and beverage, pharmaceuticals, and wastewater treatment. Another trend involves technological advancements for precise foam control. Industries such as manufacturing, oil and gas, and chemical processing are seeking antifoaming agents with improved efficiency and application precision.

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Innovations include the development of smart or responsive antifoaming solutions that can adapt to varying foam challenges dynamically. Nanotechnology is being explored to enhance the efficiency of antifoaming agents. Nano-sized particles can offer improved dispersion and coverage, leading to enhanced foam control. This trend involves the development of nanomaterial-based antifoaming agents with higher surface area and reactivity.

The incorporation of nanotechnology also contributes to reducing the overall dosage of antifoaming agents required for effective foam suppression. The use of antifoaming agents is expanding beyond traditional industries. There is a growing demand for these agents in cosmetic and personal care product formulations where controlling foam is crucial for product stability and quality. As consumers become more discerning about the ingredients in personal care items, the market for antifoaming agents in this sector is experiencing growth.

Antifoaming Agent Market Report Coverage

The report: “Antifoaming Agent Market -Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of antifoaming agent industry.

By Type: Water Based, Oil Based, Silicone Based, Alkyd Based, Polymer Based and Others

By Application: Adhesives, Coatings, Detergents, Wood Pulp, Food Processing, Wastewater Treatment and Others.

By End Use: Oil and gas, Paint and coatings, Food and Beverages, Pharmaceuticals, Textile, Pulp and Paper, Industrial and Others.

Geography: North America, South America, Europe, APAC, and RoW.

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Key Takeaways

• APAC dominates the antifoaming agent owing to increasing demand from Oil and gas sector.

• Continues expanding application of antifoaming agent will drive the growth of the market in the forecast period.

• The formation of foam in industrial process liquids as it has an affinity to the air-liquid surface will hinder the growth of the market in the forecast period.Antifoaming Agent Market Segment Analysis — By Type

Silicone based antifoaming agents held the largest share in the antifoaming agents market in 2023. Silicone based antifoaming agents have properties such as low surface tension, chemical inertness, thermal stability, and complete solubility in water. These antifoaming agents have heavy duty type and are suitable for neutralizing surface foam and to release the entrained air in non-aqueous foaming applications. Hence, they have been finding preferential application in crude oil refineries. Silicone based antifoaming agents contain less volatile organic compound due to the environmental regulation passed by the North America and Europe government. This antifoaming agents are high in demand as compared to other chemicals due to its optimal reactivity with process ingredients and long operation life. This factor will drive the growth of market of silicone based antifoaming agents in the forecast period.

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Antifoaming Agent Market Segment Analysis — By Application

Food Processing held the largest share in the antifoaming agents market in 2023. Food grade antifoaming agents are used to reduce and prevent foam formation. Foam is a byproduct formed during processing of food. It is also used in the fermentation process in breweries to drain out the foam and offer optimize efficiency. The food processing industry is a mature sector that is undergoing a tumultuous phase due to rising global demands for food safety, increasing food insecurity and increasing customer demand for higher quality and sustainability. Today’s food supply chain is more globalized, longer and more dynamic than ever before. With increasing imports and exports, processed foods rely on longer supply chains, which pose a major challenge to ensuring food safety.

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Antifoaming Agent Market Segment Analysis — By End Use

Pharmaceuticals sector held the largest share in the antifoaming agents market in 2023 with a share of 7.3%. Antifoaming agent are used for pharmaceutic fermentation in antibiotics and enzymes. Among these the growing and aging population, rising prevalence of chronic diseases are major drivers in the growth of pharmaceutical sector globally. In the United States, overall spending growth in pharmaceutical is driven by a range of factors including new product uptake and brand pricing, while it is offset by patent expiries and generics. Pharmaceutical spending in China reached $7.1 billion in 2023. These factors will drive the growth of the market of pharmaceuticals in the forecast period.

The 2019–2020 coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. As the pandemic has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business. The current epidemic outbreak has deeply influenced consumers’ daily life and in addition to the impact on pharmaceutical sector. About 90% of the needs of antibiotic makers in globally is fulfilled by China. Raw materials from China are used in making antibiotics, paracetamol, and diabetes and cardiovascular drugs, among others are not exported. This factor will hinder the growth of market for this year. But after the situation became normal it will grow at a steady rate in the forecast period.

Antifoaming Agent Market Segment Analysis — By Geography

APAC dominates the antifoaming agents market with a share of 48% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth the oil and gas sector. Antifoaming agent are used in crude oil refinery as it helps in reducing frothy crude oil production by eliminating foam from tanks or gas scrubbers. The oil and gas sector plays a major role in influencing decision making for all the other important sections of the economy. According to the trade map the total export of light crude oil globally in the year 2023 was 102.2 mb/d. This factor will drive the growth of the market of oil and gas sector in the forecast period.

Antifoaming Agent Market Drivers

High demand of crude oil across the world will drive the growth in the forecast period

High demand of crude oil across the world is expected to drive the global antifoaming agent’s market growth. However, other non-renewable energy resources are not capable of fulfilling the growing demand. Oil and gas is one of the largest energy resources in the world; hence, it becomes essential to use and distribute crude oil in the productive and efficient way. This factor will drive the growth of market in the forecast period.

Rise in the Paint and coatings sector will drive the growth of market in the forecast period

The coatings industry is one of the most heavily regulated industries in the world, so producers have been forced to adopt low-solvent and solvent less technologies in the past 40 years, and will continue to do so. The number of coatings producers is large, but most are regional producers. This factor will drive the growth of market in the forecast period.

Antifoaming Agent Market Restriction

Hike in the crude prices will hamper the growth of the market in the forecast period

Tremendous hike in the crude prices and global recession will hinder the growth of the market. This was on the back of a deepening slowdown in the world economy as the outbreak of novel coronavirus has spread across the globe and a price war between major oil producing countries like Saudi Arabia, Iran and Russia. These factor will hinder the growth of the market in the forecast period.

Antifoaming Agent Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the antifoaming agents market. Major players in the antifoaming agents market are BASF, Evonik Industries, Air Products and Chemicals, Inc., Wacker Chemie AG, DOW Corning Corporation, and Others.

Acquisitions/Technology Launches/ Product Launches

In Oct 2023, Evonik Launches New Defoaming Agent that Combines the Best Properties of Silicone and Bio-Based Materials. The new product is targeted at water-based ink and coating applications, uses a unique new mixing technology, contains more than 50% bio-based materials in the solid content, and complies with multiple food contact regulations.

• In May 2023, Jio-bp launches new diesel that offers saving of Rs 1.1 lakh per truck annually. It is designed to work across a range of commercial vehicles, and with ongoing use it offers a variety of benefits to drivers and fleet owners. It contains an anti-foam agent that helps deliver cleaner, faster, and safer refuelling, so trucks can spend more time on the road and less time at the pump.

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#reseach marketing #marketing #digital marketing #Antifoaming #electric vehicles

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tamanna31 · 2 months ago

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Industrial Coatings Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Industrial Coatings Industry Overview

The global industrial coatings market size was valued at USD 87.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.

Industrial coatings are widely used in various other end-use sectors, including automotive and vehicle refinish, electronics, aerospace, oil & gas, mining, marine, and power generation. Automotive and refinish coatings are among the major industrial coatings. The growing usage of refinish coatings for automotive maintenance, repair, and aftermarket painting on account of visual appearance, surface protection, and corrosion resistance is expected to propel the demand for industrial coatings.

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

Moreover, the growing need for customized designs and paints in vehicles is likely to support the market growth. The U.S. is a leading manufacturer of aerospace and related components and one of the major aerospace markets in the world. The availability of well-trained aerospace engineers, machinists & other skilled laborers, and increasing air commute are driving investments in the U.S. aerospace industry. The presence of prominent aircraft manufacturers, such as The Boeing Company, Gulfstream Aerospace, and Textron Aviation, Inc., is expected to significantly fuel the growth of the aerospace industry in the country.

This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period. Increasing awareness about vehicle paint protection by healing damages and scratches on vehicle surfaces has boosted market growth. Moreover, expanding the consumer base in the Middle East and Asia Pacific regions on account of the rising disposable income is expected to boost the product demand in the automotive and other end-use industries during the forecast period. Increasing demand for industrial coatings from packaging applications, such as caps & closures, and cans, is also projected to positively influence market growth in the coming years.

Excellent CO2 retention properties to preserve freshness and high flexibility & adhesion of these coatings are boosting their demand in the packaging industry. Furthermore, increasing construction activities drive product demand in the wood industry. However, environmental and health hazards associated with Volatile Organic Compounds (VOCs) are majorly affecting the industry growth. Various environmental and safety regulations, such as The Occupational Safety and Health Administration (OSHA), The Environmental Protection Agency (EPA), and California Air Resource Board (CARB), are being implemented by governments globally to limit the harmful effects of these compounds on human health and the environment.

Industrial Coatings Market Segmentation

Grand View Research has segmented the global industrial coatings market report on the basis of product, technology, end-user, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Acrylic

Alkyd

Polyurethane

Epoxy

Polyester

Others

Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Solvent Borne

Water Borne

Powder Based

Others

End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

General Industrial

Marine

Automotive & Vehicle Refinish

Electronics

Aerospace

Oil & Gas

Mining

Power Generation

Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

The global synthetic dyes market size was estimated at USD 6.35 billion in 2023 and is projected to reach at a CAGR of 6.8% from 2024 to 2030.

The global texture paints market size was estimated at USD 12,357.21 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.

Key Companies & Market Share Insights

The industry is highly fragmented with the presence of several key as well as some small- and medium-scale global and regional players. The global players face intense competition from each other as well as from regional players who have well-established supply chain networks and are well aware of the regulations and suppliers in the market. Major players are involved in the expansion of their manufacturing facilities, R&D investments, mergers & acquisitions, and new product development to cater to the increasing global demand, ensure competitive effectiveness, enhance sales & operations planning, and expand their customer base. Some of the prominent players in the global industrial coatings market include:

Akzo Nobel N.V.

Axalta Coating Systems, LLC

Jotun

PPG Industries, Inc.

The Sherwin-Williams Company

Nippon Paint Holdings Co., Ltd.

Hempel A/S

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

#Industrial Coatings Market

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amrutatbrc1 · 3 months ago

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Automotive Refinish Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The Automotive Refinish Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Automotive Refinish Market: https://www.thebusinessresearchcompany.com/report/automotive-refinish-global-market-report

According to The Business Research Company’s Automotive Refinish Global Market Report 2024, The automotive refinish market size is expected to see strong growth in the next few years. It will grow to $16.20 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to higher accident rates, the rise of OEM (Original Equipment Manufacturer) standards, the rise of do-it-yourself (DIY) culture, stricter regulations on emissions, and changes in vehicle ownership patterns. Major trends in the forecast period include innovations in refinishing products, developments in paint and coating technologies, advancements in skilled technicians, advancements in digital color matching technology, and technological advancements.

The rise in instances of accidents and vehicle damages is expected to propel the growth of the automotive refinish market going forward. The main causes of the rise in instances of accidents and vehicle damages include driver behavior such as speeding, distracted driving, and drunk driving, as well as unsafe road infrastructure and vehicle design. Automotive refinishing is used for repairing and restoring vehicle exteriors after accidents or damages, ensuring aesthetic and structural integrity. It helps maintain the vehicle's appearance and resale value. For instance, in May 2022, according to an estimate published by the National Highway Traffic Safety Administration (NHTSA), a US-based federal agency, the number of fatalities in motor vehicle traffic crashes increased by 10.5%, with an estimated 42,915 deaths in 2021 compared to 38,824 fatalities in 2020. Therefore, the rise in instances of accidents and vehicle damages is driving the growth of the automotive refinish market.

Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=17087&type=smp

The automotive refinish market covered in this report is segmented –

1) By Product Type: Primer, Base Coat, Top Coat, Clear Coat 2) By Material Type: Polyurethanes, Acrylics, Alkyd 3) By Technology: Solvent Borne, Water Borne, Ultraviolet (UV) Cure 4) By Applications: Passenger Vehicle, Commercial Vehicle 5) By End User: Original Equipment Manufacturer (OEM), Aftermarket

Major companies operating in the automotive refinish market are focusing on technological advancements, such as low-gloss clearcoat systems, to better serve customers. A low-gloss clearcoat system is a type of automotive clear coat that can reproduce a range of gloss levels, making it ideal for applications that require a matte or satin finish rather than a high-gloss shine. For instance, in May 2021, PPG Industries Inc., a US-based paint and coating manufacturing company, launched a new waterborne low-gloss clearcoat system consisting of two high-quality 2K acrylic urethane clears. This system can achieve a variety of gloss levels, making it perfect for specialized refinish repairs on low-gloss finishes. This new clearcoat system is part of PPG's broad range of clearcoats designed to meet diverse bodyshop and OEM needs. This range includes their award-winning CERAMICLEAR line as well as Matt and Express Clearcoats. PPG also offers a comprehensive selection of hardeners and thinners, facilitating a wide array of repair processes, from spot repairs to complete resprays, in various temperatures and body shop conditions.

The automotive refinish market report table of contents includes:

1. Executive Summary

2. Automotive Refinish Market Characteristics

3. Automotive Refinish Market Trends And Strategies

4. Automotive Refinish Market - Macro Economic Scenario

5. Global Automotive Refinish Market Size and Growth ..........

32. Global Automotive Refinish Market Competitive Benchmarking

33. Global Automotive Refinish Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Automotive Refinish Market

35. Automotive Refinish Market Future Outlook and Potential Analysis

36. Appendix

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industrynewsupdates · 3 months ago

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Industrial Coatings Market Trends, Size, Revenue And Top Key Players, 2030

The global industrial coatings market size was valued at USD 87.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.

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

Industrial Coatings Market Segmentation

Grand View Research has segmented the global industrial coatings market report on the basis of product, technology, end-user, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic

• Alkyd

• Polyurethane

• Epoxy

• Polyester

• Others

Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Solvent Borne

• Water Borne

• Powder Based

• Others

End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• General Industrial

• Marine

• Automotive & Vehicle Refinish

• Electronics

• Aerospace

• Oil & Gas

• Mining

• Power Generation

• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o France

o U.K.

o Italy

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

o ASEAN

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global synthetic dyes market size was estimated at USD 6.35 billion in 2023 and is projected to reach at a CAGR of 6.8% from 2024 to 2030.

• The global texture paints market size was estimated at USD 12,357.21 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.

Key Companies & Market Share Insights

• Akzo Nobel N.V.

• Axalta Coating Systems, LLC

• Jotun

• PPG Industries, Inc.

• The Sherwin-Williams Company

• Nippon Paint Holdings Co., Ltd.

• Hempel A/S

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

#Industrial Coatings Market #Industrial Coatings Industry #Industrial Coatings Market size #Industrial Coatings Market share #Industrial Coatings Market Analysis

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rutujamnm · 4 months ago

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2K Protective Coatings Market worth $10.8 billion by 2025

The report "2K Protective Coatings Market by Resin Type (Epoxy, Polyurethane, Alkyd, Acrylic), End-use Industry (Oil & Gas, Petrochemical, Marine, Cargo Containers, Power Generation, Water and Waste Treatment), Application, and Region – Global Forecast to 2025" The global 2K protective coatings market size will grow to USD 10.8 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 4.8% during the 2020-2025 period. The use of 2K protective coatings in offshore structures/oil & gas exploration, production, and transmission and civil building & infrastructure is expected to increase in APAC in the next five years.

Download pdf- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209520665

Epoxy is projected to be the largest resin type of the 2K protective coatings market.

Epoxy is the largest resin type in 2K protective coatings market in terms of volume. The properties of epoxy-based coatings can be enhanced by adding additives and modifiers to meet the required specifications. They are hard and offer resistance to humidity, abrasion, water, acid, alkali, and seawater. They possess low volatility and are water cleanable. These properties make these coatings ideal for use in metallic surfaces such as cast iron and aluminum. Epoxy-based coatings are also applied on floors that are prone to heavy foot and vehicle traffic. Fusion bonded epoxy powder coatings are used for corrosion protection in steel pipes and fittings in the oil & gas industry and water transmission lines.

Request Sample- https://www.marketsandmarkets.com/requestsampleNew.asp?id=209520665

Civil building and infrastructure is the fastest-growing pigment type of the 2K protective coatings market.

Civil building and infrastructure is the fastest growing end-use industry in 2K protective coatings market, in terms of volume. The main purpose of 2K protective coatings is to protect structures from solvents, dust, fungi, corrosion, humidity, and other threat that may affect the stability and functionality of the structures. 2K protective coatings also provide waterproofing solutions, thereby preventing water leakages. 2K protective coatings act as a protective barrier that enables structures such as buildings, dams, wells, bridges, floors, wood finishes, and exterior & interior walls to function in demanding environments and situations.

APAC is the largest 2K protective coatings market globally.

APAC is projected to lead the 2K protective coatings market and this dominance is expected to continue till 2025. China is the key market in the region, consuming close to half of the demand for 2K protective coatings. The region is seen as a lucrative market for the growth of 2K protective coatings. Increasing foreign investments increases the overall demand for 2K protective coatings. Apart from major countries such as China, India, Japan, and South Korea, countries like Taiwan and Thailand are gathering attention and are growing at a brisk pace.

The key players profiled in the 2K protective coatings market report are AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), Hempel A/S (Denmark), Chugoku Marine Paints Ltd. (Japan), Nippon Paints Holdings Co. Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), Sika AG (Switzerland), and RPM International Inc. (US).

#2KCoatings #ProtectiveCoatings #IndustrialCoatings #CoatingTechnology #CorrosionProtection #IndustrialPaint #SurfaceProtection #CoatingsIndustry #HeavyDutyCoatings #DurableCoatings #AdvancedMaterials #ProtectivePaints #CoatingsSolutions #PerformanceCoatings #IndustrialMaintenance

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downincmi · 5 months ago

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Anti Corrosion Coatings Market Environmental Regulations

The anti corrosion coatings market comprises liquid and powder coating compounds that act as protective layers in preventing surfaces from rusting and corrosion caused by environmental factors. Technologies such as epoxy, polyurethane, acrylic and alkyd based coatings are extensively used in oil & gas pipelines, chemical tanks, automotive, marine and infrastructure for their anti corrosive properties.

The Global anti corrosion coatings market is estimated to be valued at US$ 46.90 Bn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the anti corrosion coatings market are BASF, Ashland Inc., Nippon Paint Co. Ltd., AkzoNobel N.V., Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, Kansai Paints Co. Ltd., PPG Industries Inc. and Hempel A/S. BASF being one of the largest producers offers anti corrosion coatings under the MasterProtect and Peran brands. The growing demand from oil & gas industry and infrastructure expansion in emerging nations of Asia Pacific and Middle East Africa are major factors driving growth of anti corrosion coatings market. Government investments and initiatives towards rapid urbanization has increased the requirements of anti corrosion protected structures and assets. The accelerating industrialization and expansion of manufacturing sector worldwide is also augmenting consumption of anti corrosion coatings. Infrastructure projects in sectors such as water pipelines, bridges and commercial buildings need anti corrosive coatings to increase durability and service life of structures. Market Key Trends Environment regulations regarding volatile organic compound (VOC) emissions from coatings are forcing manufacturers to develop low VOC and water based coating technologies. AkzoNobel launched its International brand in 2021 made from renewable raw materials exhibiting 95% lower carbon footprint and 100% recyclable. Major players are investing in R&D to offer sustainable anti corrosion solutions without compromising on performance. Another trend gaining popularity is the thermal spray coatings technology used majorly in oil & gas industry which involves applying protective layers through wire arc and flame spraying methods. This technology provides 10 times thicker coatings vs conventional liquid/powder techniques thereby increasing protection lifespan substantially.

Porter’s Analysis

Threat of new entrants: New entrants face high initial investment costs to achieve economies of scale and gain brand recognition in this market.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes and standardized nature of anti-corrosion coatings products.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of raw material substitute options and presence of many suppliers in the market.

Threat of new substitutes: Threat of new substitutes is low as anti-corrosion coatings have well-established application areas and substitutes face high switching costs.

Competitive rivalry: The market is moderately competitive due to presence of many international players. Geographically, North America holds the largest share of the anti-corrosion coatings market in terms of value, supported by growing oil & gas refineries and robust infrastructure development in the region. Asia Pacific is the fastest growing regional market due to rapid industrialization, infrastructure development and growing water treatment sector in major countries like China and India. Geographical regions where the market is concentrated in terms of value include North America and Western Europe due to early adoption of advanced coating technologies in oil & gas, petrochemicals and infrastructure sectors. The anti-corrosion coatings market in Asia Pacific is the fastest growing regional market supported by increasing investments in water treatment plants, pipelines and oil & gas exploration projects in major economies. Countries like China, India and Southeast Asian nations are expected to drive high demand.

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ceresana · 6 months ago

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Opportunities Not Just for Acrylic: Ceresana Report on the European Market for Paints and Coatings

Water continues to gain in importance as a solvent: Water-based paints and coatings, which are comparatively environmentally friendly, already satisfy more than half of demand in Europe. According to the latest Ceresana report on coatings, Europeans consume a total of around 9.2 million tonnes of paints and varnishes every year. Increasingly, bio-based coatings are being used, which can be combined well with bio-insulation materials, bio-adhesives and other sustainable construction materials. However, sales of paint products based on plastics such as acrylic, alkyd, epoxy, polyurethane or polyester are also increasing. Vinyl paints alone currently account for around 23% of total demand. Ceresana’s market researchers provide forecasts up to the year 2032: In the European coatings market, they expect the strongest growth for acrylic paints.

Further information about the 6th edition of the market study “Paints and Coatings – Europe”: https://ceresana.com/en/produkt/paints-and-coatings-market-report-europe

#paints #coatings #varnishes #manufacturers #production #producers #market research #market study #markets #market data

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homeimprovementway · 8 months ago

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Is Rust-Oleum Spray Paint Oil-Based : The Ultimate Guide to Oil-Based Spray Paints

Is Rust-Oleum Spray Paint Oil-Based In the world of DIY projects and home improvement, Rust-Oleum spray paint has been a staple for decades. However, when it comes to the composition of the paint, there may be confusion regarding whether it is oil-based or not. Let's delve into the details of Rust-Oleum spray paint to understand if it is oil-based and what that means for your projects. https://www.youtube.com/watch?v=6-eW46yFoQs

Understanding Oil-Based Paint

Oil-based paint contains synthetic or natural resins, which act as the binder in the paint, alongside pigments and solvents. These resins are derived from oils, such as linseed, alkyd, or soya, and create a durable, glossy finish when dried. Oil-based paints are known for their resistance to wear and tear, making them suitable for high-traffic areas or surfaces exposed to harsh elements.

Credit: www.theraleighpaintcontractor.com

The Characteristics of Rust-Oleum Spray Paint

Rust-Oleum offers a wide range of spray paints designed for various applications, including metal, wood, plastic, and more. While the company produces both oil-based and water-based paints, its flagship product, the Rust-Oleum Universal Metallic Spray Paint, is extensively used for adding a metallic finish to surfaces. This particular product is oil-based, providing a durable and long-lasting coating. It's important to note that the oil-based nature of Rust-Oleum spray paint contributes to its ability to create a protective layer, which is particularly advantageous for outdoor projects or surfaces that endure significant wear. This feature makes it a popular choice for those seeking a robust and weather-resistant solution.

Credit: www.amazon.com

The Benefits of Oil-Based Spray Paint

When considering whether to use oil-based or water-based spray paint for your project, it's essential to understand the advantages of each. Oil-based spray paint, such as Rust-Oleum's offerings, is known for its superior adhesion, providing excellent coverage and protection against rust and corrosion. Furthermore, oil-based paints usually require fewer coats to achieve the desired finish, making them more efficient and cost-effective. Additionally, the durability of oil-based spray paint ensures that the coating remains intact for an extended period, even in challenging environments. This makes it ideal for surfaces that are exposed to moisture, heat, or physical abrasion, as the strong bond formed by oil-based paint withstands various external factors.

Application Considerations

While the benefits of oil-based spray paint are compelling, there are certain aspects to consider when applying this type of paint. Oil-based paints emit strong fumes and require proper ventilation during application and drying. Furthermore, adequate drying time is crucial to achieve the desired results, as oil-based paints typically take longer to fully cure compared to water-based alternatives. It's crucial to follow the manufacturer's instructions regarding application, drying time, and recommended surfaces for the specific Rust-Oleum spray paint being used. Proper surface preparation and priming are also essential for achieving optimal adhesion and longevity of the paint finish.

Frequently Asked Questions For Is Rust-oleum Spray Paint Oil-based : The Ultimate Guide To Oil-based Spray Paints

Is Rust-oleum Spray Paint Oil-based? Rust-Oleum Spray Paint is available in both oil-based and water-based formulations. It is important to check the specific product label to determine if it is oil-based. What Are The Advantages Of Using Oil-based Spray Paint? Oil-based spray paint offers excellent adhesion, durability, and coverage. It is suitable for various surfaces, provides a smooth finish, and is resistant to chipping, peeling, and fading. Can I Use Rust-oleum Spray Paint Indoors? Yes, Rust-Oleum spray paint can be used indoors. However, ensure proper ventilation and use protective gear such as masks to avoid inhaling fumes. Does Rust-oleum Spray Paint Require A Primer? It depends on the surface being painted. Some surfaces may require a primer for better adhesion and coverage, while others may not. Always refer to the product label for specific instructions.

Conclusion

In conclusion, Rust-Oleum's spray paint range includes both oil-based and water-based options, catering to a diverse array of project requirements. The oil-based formulations offer exceptional durability, weather resistance, and adhesion, making them a preferred choice for various applications. Understanding the unique characteristics of oil-based spray paint equips DIY enthusiasts and professionals with the knowledge to select the most suitable product for their specific projects. Whether enhancing outdoor furniture, protecting metal surfaces, or adding a vibrant finish to intricate designs, the oil-based Rust-Oleum spray paint provides an enduring solution that withstands the test of time and environmental elements. Read the full article

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sblcoatings · 1 year ago

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Pu Coating | SBL Specialty Coating

SBL Specialty Coating is a leading manufacturer of PU coatings in India. With expertise in the field of coatings, SBL specializes in producing high-quality polyurethane (PU) coatings that offer exceptional durability and protection. Their coatings are widely used in various industries, including automotive, construction, and furniture manufacturing. SBL's PU coatings are known for their excellent adhesion, chemical resistance, and UV stability. With a commitment to innovation and customer satisfaction, SBL Specialty Coating is the go-to choice for businesses seeking reliable and top-notch PU coatings in India.

#specialty coatings in india #specialty industrial coating manufacturers #specialty #specialty Industrial Coatings #specialty Coatings #coating manufacturers in india #pu coatings #pu coating manufacturers in india #epoxy coatings #epoxy paint #best paint in india #automotive paint brands #paint manufacturing companies #pu paint for wood #pu paint #pu paint for metal #alkyd based paint #water based alkyd paint

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cabinetreno36 · 3 months ago

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Best Paint for Kitchen Cabinets: A Cabinet Makeover Guide

Choosing the best paint for kitchen cabinets is essential for a lasting, stylish finish. Opt for high-quality acrylic latex or alkyd enamel paint, which offers durability and resistance to moisture, stains, and chipping. Acrylic latex is popular for its easy cleanup and low odor, while alkyd enamel provides a hard, smooth finish. For a sleek, modern look, consider a satin or semi-gloss finish, which adds a subtle sheen and is easy to clean. Proper preparation, including thorough cleaning, sanding, and priming, ensures optimal adhesion and a flawless result, giving your cabinets a fresh, updated appearance.

Best Paint for Kitchen Cabinets: A Comprehensive Guide

Transforming your kitchen with a fresh coat of paint on the cabinets can completely revitalize the space, making it feel new and updated. However, choosing the right paint is crucial to achieving a durable and beautiful finish. Here’s a comprehensive guide to selecting the best paint for kitchen cabinets.

1. Types of Paint

The type of paint you choose will significantly impact the durability and finish of your cabinets. The two primary options are acrylic latex and alkyd enamel.

Acrylic Latex Paint: This water-based paint is a popular choice for kitchen cabinets due to its ease of use, low odor, and quick drying time. It’s also eco-friendly, with low levels of volatile organic compounds (VOCs). Acrylic latex is resistant to yellowing over time, making it ideal for light-colored cabinets. It’s also easy to clean with soap and water, which is a great advantage in a busy kitchen environment.

Alkyd Enamel Paint: Although oil-based paints have traditionally been favored for cabinetry due to their hard, durable finish, many modern alkyd enamels offer similar benefits with easier cleanup. These paints provide a smooth, hard finish that can withstand the wear and tear of daily kitchen use. They’re particularly resistant to moisture and stains, making them suitable for high-traffic areas. However, they have a longer drying time and tend to emit stronger fumes during application.

2. Choosing the Right Finish

The finish of the paint affects both the appearance and maintenance of your cabinets. The most common finishes for kitchen cabinets are satin, semi-gloss, and high-gloss.

Satin Finish: This finish offers a soft sheen that provides a modern, understated look. It’s less reflective than semi-gloss or gloss, which can help hide imperfections in the cabinetry. Satin finishes are relatively easy to clean and are resistant to moisture, making them a practical choice for kitchens.

Semi-Gloss Finish: A semi-gloss finish has more sheen than satin, providing a shiny, reflective surface. This finish is highly durable and easy to clean, making it perfect for kitchens where spills and splatters are common. It also highlights the architectural details of your cabinets, giving them a polished appearance.

High-Gloss Finish: For a bold, contemporary look, high-gloss paint provides the most shine. This finish is incredibly durable and resistant to moisture and stains, making it easy to wipe clean. However, it can also highlight imperfections, so thorough prep work is essential.

3. Preparation and Application Tips

Proper preparation is key to achieving a professional-looking finish. Start by removing all cabinet doors, drawers, and hardware. Clean the surfaces thoroughly to remove grease and grime, then sand them to ensure the paint adheres well. Applying a high-quality primer is essential, especially if you’re transitioning from a dark to a light color or if your cabinets are made of a material like laminate.

When painting, use a high-quality brush or a sprayer for the smoothest finish. Apply multiple thin coats rather than one thick one, allowing ample drying time between each layer. This approach helps avoid drips and ensures even coverage.

Conclusion

Choosing the best paint for your kitchen cabinets involves considering the type of paint, the desired finish, and meticulous preparation. Whether you opt for the easy application of acrylic latex or the durable finish of alkyd enamel, selecting the right products and techniques will ensure a beautiful, long-lasting result. With the right paint and a little effort, your kitchen cabinets can become a stunning focal point of your home.

#cabinet painting

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sufferfly1 · 10 months ago

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Glycols Market : A View of the Industry's Advancements and Opportunities

The global glycols market size is anticipated to reach USD 49.36 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research. The report ‘Glycols Market Share, Size, Trends, & Industry Analysis Report, By Product (Propylene Glycol, Ethylene Glycol (Mono-ethylene Glycol, Di-ethylene Glycol, Tri-ethylene Glycol), By Applications (Textiles, Automotive, HVAC, Medical, Airline, Others), By Regions: Segment Forecast, 2018 – 2026’provides insights on the current market scenario and the future prospects. Increasing demand for ethylene and propylene glycol is owing to its increasing demand from a many primary end-use industries.

Large volumes of ethylene glycols are consumed for manufacturing of automotive coolant or antifreeze. Ethylene glycols are non-corrosive, stable chemicals with high flash points. Propylene glycols are relatively nontoxic liquids that are practically odorless and colorless. Some of its primary applications include heat transfer fluids, paints & coatings, antifreeze coolants, functional fluids and plasticizers.

The hygroscopicity of these products makes it an important conditioning agent in in vinyl floor tiles, cork, adhesives, cellulose sponges, synthetic rubbers, printing inks and paper products. Ethylene glycol is also used in formulations development of the alkyd-type resins that has linear chain structures and even in unsaturated polyester resins. It is also used in the dehydration of natural gas. Apart from these the product has several applications in polyester, textile, HVAC, medical, airline and food & beverage industry.

Have Questions? Request a sample this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/glycols-market/request-for-sample

MEG is the largest volume product produced of all the ethylene glycols. Polyester grade EG are among the leading application-based product production. This product grade is used in manufacturing of PET resins, fibers and several other substances such as tire cords, textiles, soft drinks, video tapes and water containers.

The high purity and industrial grade EG are utilized in formulation of various products that require hygroscopic, solvent, or high boiling point physiognomies. Some of these end-use products include printing inks, paints, cleaners, heat transfer fluids, hydraulic fluids, and electronics. The antifreeze grade EG is one of the major primary components in manufacturing of engine coolants especially for automotive.

Diethylene glycol (DEG) has excellent solvent properties and has higher boiling point, specific gravity and viscosity. Some of the primary applications of DEG include adhesives, heat transfer fluids, cement processing and cleansers. Moreover, it is also used as a chemical intermediate in the production of polyurethanes and unsaturated polyester resins.

Application segments of these products has increased significantly over the years as a synchrony or as a result of development and production of high quality of customer specific grades of these products and hence demand for these products has been increasing and is also anticipated to increase further in the near future.

However, owing to constant price volatility in petrochemicals production over the past few years, prices of ethylene and propylene glycol has also been fluctuating over the past two years across all the regional markets. This was owing to the different demand supply trends of the product in all the regional markets and as an attempt to meet that, product prices have been significantly affected.

In 2017, Asian Pacific glycols industry faced a few challenges in terms of longer supply terms and slower market growth in the downstream polyester terephthalate (PET), polyester fiber and yarn sectors. The listing of monoethylene futured as a product in the China’s Dalian Commodity Exchange (DCE) and added certain uncertainty to MEG price movements. In 2016 as well, the Asia Pacific market experienced volatility and was a challenging market space.

However, the average global prices of MEG saw gains in the first quarter of 2017 though it stabilized by the end of the year. It was mainly due to the increase in demand for polyester fibers from other regional markets and an overall reduction in production output from the major global suppliers of MEG.

The worldwide glycols market is a competitive marketspace with moderate degree of integration across the value chain by several market players. Some of the lading market participants include ExxonMobil Corporation, Saudi Basic Industries Corporation (SABIC), Dow Dupont, Royal Dutch Shell plc, LyondellBasell Industries, Total S.A., and China Petroleum & Chemical Corporation.

Polaris Market Research has segmented the global glycols market on the basis of product, application and region:

Glycols Product Outlook (Revenue, USD Billion, 2015 – 2026)

Propylene glycol

Ethylene glycol

Mono-ethylene glycol

Di-ethylene glycol

Glycols Application Outlook (Revenue, USD Billion, 2015 – 2026)

Polyethylene

Textiles

Automotive

HVAC

Medical

Airline

Polyester Fiber & Resins

Food & Beverage

Others

Glycols Regional Outlook (Revenue, USD Billion, 2015 – 2026)

North America

Canada

Europe

Germany

France

Italy

Spain

Belgium

Russia

Netherlands

Rest of Europe

Asia-Pacific

China

India

Japan

Korea

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Argentina

Rest of LATAM

Middle East & Africa

UAE

Saudi Arabia

South Africa

Rest of MEA

Purchase the Report for Key Insights:@ https://www.polarismarketresearch.com/industry-analysis/glycols-market

About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

Polaris Market Research

Email: [email protected]

Phone: +1-929-297-9727

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mitivy · 1 year ago

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Why Waterborne Coatings Are Becoming The Trend?

Traditionally, solvent-borne coatings are considered to have superior beauty features than waterborne coatings. With technological development, consumer concept change and government promotion of environmental awareness, waterborne coating solutions are superior, and eventually become the major trend of construction coatings.

Understanding Waterborne Coatings

Waterborne coatings are regarded as eco-friendly coatings because they use water as solvent or no solvent. Waterborne coatings are coatings in which water is used as a solvent or dispersing medium, and their makeup includes waterborne resins, pigment, additives, and water. Compared with solvent-based paints, waterborne coatings have low VOC content, and no odor. Based on the different film-forming materials, it can be categorized into waterborne acrylic coatings, waterborne epoxy resin coatings, waterborne polyurethane coatings, waterborne alkyd resin coatings, etc. Waterborne acrylic resin is the most important film-forming material, which is mainly used in the field of construction coatings, with good weather resistance, alkali resistance and adhesion, etc.

Coating Industry Market Demand Trends

Coating industry market demand changes are mainly affected by the level of economic development, consumer concepts, policies, etc. Coating industry market demand changes to the quality type, the performance, quality, function and other demands on the coating will be higher. The market demand of the coating industry is personalized and varied, and the demands for color, health and other demands for coatings will be more varied. With the change in consumer concepts, the demand for service and innovation of coatings will be higher. From the point of environmental protection policy, with countries paying attention to energy saving and emission reduction, the market demand of the coating industry will change to green type. Therefore, there is no doubt that waterborne coatings will eventually become the major trend of construction coatings.

China’s Waterborne Coatings Follow The Trend

China has become the world’s largest manufacturer and consumer of coatings in 2023. In 2021, global coatings volume increased by 4.8% to 453 million tons. By 2025, China’s eco-friendly coatings varieties will account for 70% of total coatings production, aiming for early achievement of the carbon peak and carbon neutral targets for the coatings industry. The government strongly supports waterborne coatings. Infinechem also recognizes the performance of waterborne coatings.

Discover Your Trusty Choice

We promote waterborne coating emulsions in various fields. Based on the function and application of the emulsions, waterborne coating emulsions are categorized into these categories: Construction, Waterproofing & Mortar, Industrial Anti-corrosion, Textile, Printing & Packaging, and Adhesive. MIT-IVY INDUSTRY CO.,LTD will strive to get consumers and builders to trust the comfort features of waterborne coatings and recognize waterborne coating solutions. Contact us for more information. Learn More: MIT-IVY INDUSTRY co., Ltd. | http://www.mit-ivy.com Tel /whatsapp/telegram: 008613805212761 [email protected] Read the full article

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priyanshisingh · 1 year ago

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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.

Browse Full Report: https://www.credenceresearch.com/report/water-based-barrier-coatings-market

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Related Report: https://www.credenceresearch.com/report/power-tool-accessories-market

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