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Market Analysis of Stain Resistance Coatings Forecast 2021 to 2031
Stain Resistance Coatings Market
Browse Full Report - https://www.factmr.com/report/stain-resistant-coatings-market
Despite sluggish growth during the deadly COVID-19 outbreak, the architectural and textile sectors are in the recovery phase, and creating new scope for stain resistant coatings manufacturers.
The latest report by Fact.MR predicts the progressive growth of key end-use industries of stain resistant coatings through 2031. The detailed analysis also incorporates the latest trends and shifted patterns of demand-supply due to the aftereffects of the pandemic.
According to the report, environmental concerns over fluoropolymers in the architecture and textiles industry will be key driving factors boosting the sales of non-fluoropolymer-based stain resistant coatings, while industrial players in the countries such as China, Germany, and the United States, to name a few, will exhibit heightened activities in this field.
With initiation of vaccination drives, stakeholders are optimistic in leveraging new opportunities, mostly in Asia Pacific, followed by Europe. Overall outlook will remain positive with the gradual recovery of the end-use industries, with the market projected to expand at a healthy CAGR of around 7% through 2031.
Key Takeaways from Study
Water-based stain resistant coatings to exhibit fastest growth
Rise in demand for PTFE stain resistant coatings to be witnessed
Surge in demand from architectural industry to fuel sales
China to lead in the world’s largest market for stain resistant coatings - Asia Pacific
Germany to remain at the forefront of Europe
The United States to maintain its lead in North America
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The United Kingdom, Canada, Japan, France, Italy, and a few other countries to maintain positive market outlooks
“With high requirement from the architecture and textiles industry, manufacturers are focusing on developing a wide variety of PTFE, ETFE, and PVDF stain resistant coatings in order to increase their sales footprint, which, in turn, is making the competition even fiercer in this industry,”
says a Fact.MR analyst.
Rapid Traction of Architectural Coatings to Fuel Sales
The architecture industry has huge requirement for waterproof coatings, which are resistant to stains, abrasion, atmospheric dust, and UV fading. As a result, demand for stain resistant coatings from this sector is gaining momentum gradually.
Though the global architectural industry declined temporarily during 2020, it’s getting back to its feet steadily, and is projected to witness significant growth in the near future, which will pave new paths for players in the stain resistant coatings market place.
Who is Winning in this Space?
The global stain resistant coatings market is highly competitive in nature. In order to sail through the fierce competition, key market players are focusing on the quality of their products while launching products more frequently.
For instance, 3M Company launched its new extensive range of products such as 3M™ Stain Resistant Additive and Sealer SRA-451, 3M™ Stain Resistant Additive and Sealer SRC-220, and others during the last 5 years.
Akzo Nobel N.V. launched its new Scuff Resistant Delux EasyCare+ in 2020.
More Valuable Insights
In its latest report, Fact.MR offers an unbiased analysis of the global stain resistant coatings market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.
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In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of technology (solvent-based, water-based, and other technologies), chemistry (siloxane copolymers, polytetrafluoroethylene (PTFE), ethylene tetrafluoroethylene (ETFE), polyvinylidene fluoride (PVDF), and other chemistries), and application (architectural coatings, textile softeners & repellents, cookware & bakeware, transportation, and other applications), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
The Stain Resistance Coatings Market research answers important questions, including the following:
1. Why Stain Resistance Coatings Market players are focusing on the business expansion in region?
2. Which regulatory authorities have granted approval to the application of Stain Resistance Coatings Market
3. What are the pros and cons of the Stain Resistance Coatings Market the environment?
4. Why players are targeting the production of segment?
5. What are the strategies implemented by emerging players in the global Stain Resistance Coatings Market?
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/5588
The Stain Resistance Coatings Market report serves the readers with the following data:
• In-depth analysis of supply-side and demand-side trends.
• Direct and indirect impacts of the growth of relevant markets on the Stain Resistance Coatings Market.
• Importance of segment in various regions.
• Accurate Y-o-Y growth of the global Stain Resistance Coatings Market.
• Consumption trends among individuals across the globe.
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