Weather Resistant Coating Market Analysis of Potential Growth & Forecast 2021-2026 | Akzo Nobel, Merck

The global Weather Resistant Coating market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Weather Resistant Coating costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Weather Resistant Coating market.

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The present invention on Weather Resistant Coating relates to a curable epoxy coating system suitable for use in applications where it will be exposed to ultraviolet radiation and moisture, such as on naval and marine flight decks. The epoxy coating system of the present invention contains an epoxy component containing a substantially nonaromatic epoxy polymer and a hardener component containing primarily secondary and/or tertiary amines.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Weather Resistant Coating Market:

1 The Weather Resistant Coating industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Weather Resistant Coating industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Weather Resistant Coating market size in 2020 will be lower than in previous years.

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Weather Resistant Coating Market Players:

Akzo Nobel
PPG
Merck
Daikin
Basf
CQV
Altana
Kuncai
Oxen Chem
Ruicheng
Forwarder
Volor
Coloray
Accuride
Nichiha
Sika

Product Type Segmentation:

Indoor
Outdoor

Industry Segmentation:

Coatings Industry
Automotive Industry
Plastic Industry
Leather Industry

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

Performance Materials Is Now Electronics: Merck Renames Business Sector Following Strategic Realignment on March 4, 2021 – Merck, a leading science and technology company, is changing the name of its Performance Materials business sector to Electronics. The new name is the visible result of the strategic realignment conducted over the past several years and a further milestone of the “Bright Future” transformation program, which began in 2018.

“The renaming of our business sector to Electronics is a logical step for us. After all, the new name underscores our strategic focus on the electronics industry. At the same time, it clearly illustrates our contribution to a world characterized by tremendous technological advances and exponential data growth,” said Kai Beckmann, Member of the Executive Board of Merck and CEO Electronics. “Under the ‘Bright Future’ umbrella, we’ve developed into a leading player within the electronics industry over the last few years. And with the new name Electronics, we’re now also making it clear, at a glance, what our business sector represents.”

As the company behind the companies advancing digital living, the Electronics business sector is involved in all major technology trends – be it 5G, Big Data, autonomous driving, artificial intelligence, or the Internet of Things. Thanks to these and other megatrends, the demand for ever smaller, faster and more energy-efficient electronics is continuously growing. For example, more and more of the components in modern chips are now approaching atomic dimensions.

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