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High Performance Coatings Market Analysis and Global Outlook 2020 to 2025 | PPG Industries Inc., Akzo Nobel NV, Hempel Group, Daikin Industries Ltd
High Performance Coatings Market
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PPG Industries Inc., Akzo Nobel NV, Hempel Group, Daikin Industries Ltd, and Sherwin-Williams Company and other for more company coverage please register for sample inquiry.
Market Overview
The high performance coatings market is expected to grow at a CAGR of over 5% during the forecast period. One of the major factors driving the market studied includes increasing construction activities in the United States and Asia-Pacific. Solvent-based adhesives are being phased out to reduce VOC emissions; this is expected to significantly hinder the growth of the market studied.
- Asia-Pacific is expected to dominate the global market during the forecast period.
- By end-user industry, the building and construction industry is expected to witness the highest demand for high performance coating during the forecast period.
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Growing Demand from Building & Construction Industry
- High performance coatings provide the following qualities, such as exceptional corrosion protection, abrasion resistance and high resistance to impact, excellent chemical and thermal resistance, extreme durability and strength, and it also contributes to the aesthetics as well.
- The global construction sector is expected to expand in real terms, by an annual average of 3.2% in the coming decade, to a nominal value of more than USD 6.0 trillion.
- The rapid increase in population, in regions of developing nations, is expected to give a rise in demand for residential construction, which, in turn, augments the usage of high performance coatings.
- The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources.
- In the non-residential construction, the major growth was witnessed in healthcare, commercial, and office buildings. The investment in transportation, communication, and power infrastructure has also witnessed growth in the forecast period. All these factors are expected to improve the demand for the studied market.
Influence of the High Performance Coatings market report:
Comprehensive assessment of all opportunities and risk in the High Performance Coatings market.
High Performance Coatings market recent innovations and major events.
Detailed study of business strategies for growth of the High Performance Coatings market-leading players.
Conclusive study about the growth plot of High Performance Coatings market for forthcoming years.
In-depth understanding of High Performance Coatings market-particular drivers, constraints and major micro markets.
Favorable impression inside vital technological and market latest trends striking the High Performance Coatings market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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