Global Coating Binders Market: Future Forecast Indicates Impressive Growth Rate | Major Players - The Lubrizol Corporation , The Dow Chemical Company , Koninklijke DSM , Arkema SA , Helios Group , TORAY Industries , Stepan Company , BASF SE , Hitachi
Request a PDF sample of the report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2373
In order to meet stricter VOC regulations, the demand for cheap low/no VOC solvents has increased in paints & coatings industry. Increasing investment by manufacturers is being witnessed in the coating binders market to accelerate the research and development activities to develop and offer low-VOC solvent-based coatings. Modification of equipment to work with water-based coatings is also on a rise in order to save the cost of purchasing new drying equipment.
Alkyds to Emerge as the Largest Coating Binders Product
The demand for Alkyds coating binders is anticipated to grow at a significant rate, as per the report by Fact.MR. Alkyd coating binders are likely to rule the organic coating industries for a long time owing to the inherent potentials and versatile characteristics. Employing a significant amount of renewable material is one of the biggest factors for substantial growth of alkyds in the coating binders market.
The demand for alkyds is also rising owing to its low cost as derived from renewable raw materials. Moreover, increasing government regulations on chemical-based coating binders is resulting in consumers and industries moving towards using eco-friendly materials.
Water-based versions of alkyd binders are also being developed on a large scale to meet the VOC standard imposed by governments across countries. The demand for alkyds is constantly increasing in wood care, light duty industrial, automotive aftermarket, and architectural coatings.
Sales of Coating Binders to be Highest in APEJ with China Accounting for the Largest Share
There has been a substantial growth in the infrastructure and construction industry in the APEJ region. With the growing construction industry, the demand for coating binders is also rising in the region. Increasing production of semiconductor and electronic goods, as well as the significant growth in the automotive industry in China and India is likely to create growth opportunities for coating binders manufacturers.
Access the full research study @ https://www.factmr.com/report/2373/coating-binders-market
Radiation-cured technology has been used on a large scale in China. The Chinese government is focusing on reducing VOC emission, this has impacted the use of radiation-cured technology in China. In order to comply with regulations, radiation-cured technology users have been working with coating manufacturers. This has resulted in the increasing use of UV coating technology in China.
Manufacturers in the coating binders market in China are also focusing on developing new waterborne coating solutions for furniture, construction and other industries. The development of the new coating technology in the coating binders market in the country is also accelerating. Companies are focusing on developing new coating technology for high and low-temperature resistance, anti-graffiti coating technologies, nano-smart coating, and self-cleaning coating technology are some of the advanced technologies being developed in China.
Solvent-based coating demand is declining in China and India is driven by increasing environmental concerns in the countries. However, the area of potential growth is seen in ‘green coatings’. Green coating binders manufacturing companies are infusing high investment in developing eco-friendly coating binders with the same performance as compared to traditional solvent-based coatings.
The marine coating in APEJ is also expected to witness a steady growth with development in offshore engineering and shipbuilding industries. Moreover, the constant need for maintenance and repair of ships is likely to drive demand in the coating binders market.
The overall growth in the coating binders market is likely to remain steady. The demand for the coating binders is expected to expand at a 3.4% CAGR during 2018-2027.
Make an inquiry for purchasing this report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2373
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Read Industry News at - https://www.industrynewsanalysis.com/
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 Global Coating Binders Market: Future Forecast Indicates Impressive Growth Rate | Major Players - The Lubrizol Corporation , The Dow Chemical Company , Koninklijke DSM , Arkema SA , Helios Group , TORAY Industries , Stepan Company , BASF SE , Hitachi here
News-ID: 1568551 • Views: 161
More Releases from Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
More Releases for China
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Packaged Water in China
ReportsWorldwide has announced the addition of a new report title Packaged Water in China to its growing collection of premium market research reports. Packaged Water in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Agrochemicals Market in China
ReportsWorldwide has announced the addition of a new report title China: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “China: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
Restaurant Markets in China
China’s demand for Restaurant has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China’s economic trends, investment environment, industry development, supply