Global Coatings Raw Materials Market, By Type (Resins, Pigments and Fillers, Solvents, Additives), Industry (Plastics; Synthetic Lubricants; Adhesives; Sealants; Household, Industrial and Institutional Cleaners (HI&I); Personal Care Products; Paper; Plastics; Water Treatment, Others), 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 2028
Coatings raw materials market will expect to grow at a rate of 5.40% for the forecast period of 2021 to 2028. Coatings raw materials market report analyses the growth, which is currently being growing due to the increasing demand for alkyd resins in paints and coatings.
Raw materials constitute an extraordinarily complex and critical sub-set of the overall specialty chemicals industry, in the form of individual chemical constituents which are integrated into paints and coatings. During the product manufacturing process, they may be applied either to paint or coating formulation or in the case of multi-component coating systems.
Rapid industrialization across the globe, increasing growth of the construction as well as automotive industry, rising usages of raw material to manufacture protective coatings as they can significantly enhance the weathering properties of protective coatings, availability of the various range of coating polymers, growing number of technological advancement, increasing production of printing inks as presence of these raw materials in printing inks improves smoothness, enhances gloss, and augments scratch resistance are some of the major as well as vital factors which will likely to augment the growth of the coatings raw materials market in the projected timeframe of 2021-2028. On the other hand, emergence of new application methods along with growing demand for high-performance fluorine resin-based coating which will further contribute by generating massive opportunities that will lead to the growth of the coatings raw materials market in the above mentioned projected timeframe.
Volatility in the prices of crude oil along with rising concern regarding environmental issues which will likely to act as market restraints factor for the growth of the coatings raw materials in the above mentioned projected timeframe. Stringent VOC regulations which will become the biggest and foremost challenge for the growth of the market.
This coatings raw materials 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 coatings raw materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Coatings Raw Materials Market Scope and Market Size
Coatings raw materials market is segmented on the basis of type and industry. 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.
- On the basis of type, the coatings raw materials market is segmented into resins, pigments and fillers, solvents, and additives. Resin segment will hold the largest share in the growth of the market due to the rising usages of product to significantly enhance the weathering properties of protective coatings.
- Based on industry, the coatings raw materials market is segmented into plastics; synthetic lubricants; adhesives; sealants; household, industrial and institutional cleaners (HI&I); personal care products; paper; plastics; water treatment, and others.
Coatings Raw Materials Market Country Level Analysis
Coatings raw materials market is analysed and market size, volume information is provided by country, type and industry as referenced above.
The countries covered in the coatings raw materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the coatings raw materials market due to the rapid industrialization, growing construction industry and burgeoning automotive industry along with prevalence of various market players in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coatings Raw Materials Market Share Analysis
Coatings raw materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coatings raw materials market.
The major players covered in the coatings raw materials market report are Akzo Nobel N.V.; ALTANA AG; Arkema; BASF SE; Dow; Eastman Chemical Company; Evonik Industries AG; Huntsman International LLC.; Momentive; PPG Industries, Inc.; Organik Kimya.; SILBERLINE MANUFACTURING CO., INC.; OPC Polymers; Orion Engineered Carbons S.A.; The Sherwin-Williams Company; Axalta Coating Systems, LLC; Jotun; TIGER Coatings GmbH & Co. KG; Protech Powder Coatings Inc.; IGP Pulvertechnik AG; Anhui Meijia New Material Co.,Ltd; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.