Coating Resins Market Strategies, Industry Verticals Forecast to 2023
While low profit margins constitutes a major threat, opportunities abound in green technologies as several countries in the region already have or are under the process of instigating strict environment protection rules and regulations, making the growth prospects of harmful emission producing products bleak. As such, waterborne technologies and product innovation could be the key to reinstating command over the market in the near future.
Browse Research Report With Complete TOC @ https://www.transparencymarketresearch.com/asia-pacific-coating-resins-market.html
Transparency Market Research estimates that the global coating resins market will exhibit a 5.9% CAGR from 2015 to 2023, rising from an opportunity of US$4.3 bn in 2014 to US$7.2 bn by 2023.
Market in China to Continue Bullish Run
Of the key end users of coating resins, the building and construction industry is the primary consumer of coating resins in Asia Pacific and is likely to remain the key contributor of revenue to the overall market over the forecast period as well. In 2014, the sector accounted for a massive 38.2% of the Asia Pacific coating resins market in terms of volume. The automotive industry, standing next to the building and construction sector in terms of consumption of coating resins, is also expected to remain a key consumer over the forecast period as sales of consumer vehicles soar in emerging economies in the region.
From a geographical standpoint, the market in China is presently the dominant contributor of revenue to the Asia Pacific coating resins market. The country held a massive 59.5% of the overall market in 2014 and is likely to continue its bullish run in the Asia Pacific coating resins market, in terms of both manufacturing and consumption capacity over the report’s forecast period as well.
Mounting Rise in Construction Activities to Foster Growth Prospects
Mounting rise in construction activities, especially in the region’s several rapidly urbanizing and developing economies, is expected to emerge as one of key factors driving the demand for coating resins in the next few years. Other factors complementing this trend, such as the rising disposable incomes of the population and the rising population in urban settings, and hence the added need for new construction projects, will also contribute to the increased demand for coating resins market in the region. The Asia Pacific coating resins market will also benefit from the thriving automotive industry in the region, an industry that is one of the key consumers of a variety of coating resins.
Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6718
Fluctuating Costs of Raw Material Could Hamper Market Growth
The market’s future growth prospects could be hindered to an extent owing to the fluctuating costs of conventional raw materials, most of which are derived from petrochemicals. The high demand for most of these raw materials across a number of industries does not only threaten the stability of costs, it also reflects on their supply. Moreover, stringent emission reduction norms could hamper the uptake of a variety of polluting products in the near future.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coating Resins Market Strategies, Industry Verticals Forecast to 2023 here
News-ID: 1057425 • Views: 310
More Releases from Transparency Market Research
Food Premix Market Observe Substantial Growth by 2018-2026
Global Food Premix Market: Overview Globally, the parents are more conscious about their baby food. They prefer to give healthy and high nutritional content to their babies. This has led the demand in the global food premix market Read report Overview- https://www.transparencymarketresearch.com/food-premix-market.html Based on form and application are likely to be the key segments in which the market can be divided. Food & beverages, early life nutrition/ baby food, pharma OTC drugs, dietary supplements,
Calcium Silicate Market with Positive Long-Term Growth Outlook, 2016-2023
Calcium silicate, also known as calcium orthosilicate, is a white powder derived from diatomaceous earth and limestone. It is obtained by reacting calcium oxide and silica in various ratios. Calcium silicate possesses properties such as high physical water absorption and low bulk density. Due to these special physical characteristics calcium silicate has several applications in the construction sector. It is also used as a food additive in the food processing
Polysulfides Market Scope and Opportunities Analysis 2015– 2023
Polysulfides are chemical compounds that primarily comprise chains of sulfur atoms. These compounds exhibit various functional properties due to which they are chiefly consumed in building & construction, marine, aerospace, glass insulation, and polymer processing industries. Polysulfides possess high flexibility, high tensile strength, impermeability, chemical and weather resistance, and heat insulation. Read report Overview- https://www.transparencymarketresearch.com/polysulfides-market.html Hence, they are favorably used in coating and sealing applications. These sulfur compounds are generally classified as anionic
CRISPR and Cas Genes Market Compnies Size, Future Trends, Segmentation, Gross Ma …
Transparency Market Research (TMR) has published a new report titled, “CRISPR and Cas Genes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global CRISPR and Cas genes market was valued at US$ 7,234.5 Mn by 2026, expanding at a CAGR of around 20.1% from 2018 to 2026. Increase in applications of CRISPR and Cas gene editing technology in bacteria and usage
More Releases for Asia
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the