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Global Coating Binders Market Is Growing With A CAGR Of 3.1% From 2022-2032

05-20-2022 11:01 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Coating Binders Market Is Growing With A CAGR Of 3.1% From

Global Coating Binders Industry Current Scenario and Future Outlook


The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Coating Binders industry suffered a huge setback due to halted production and a limited supply of raw materials.

With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.

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Key Segments of Coating Binders Industry Survey

By Product Type

Alkyds
Acrylics
Epoxy
Polyesters
Vinyl-Acrylics
Polyurethanes
Others

By Nature

Synthetic
Natural

By Technology

Waterborne Coating
Solvent Based Coating
Powder Coating
High Solids
UV Cure
By Application

Architectural Coating
Automotive Coating
Wood Coating
Industrial Coatings
Others

By Region

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa


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Infrastructure Expansion in the U.S. is Fueling Demand for Coating Binders

The Coating Binders chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.

However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Coating Binders chemical industry are gearing up to retain the industry's post-pandemic status.

Rising demand for Coating Binders dispersants from the construction and oil & gas industry is driving the Coating Binders chemical industry in the U.S. Coating Binders dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.

Increasing housing infrastructure projects are propelling Coating Binders dispersant sales, thus augmenting the growth of the Coating Binders chemical industry. The presence of leading players in the country is also driving sales and export in the Coating Binders chemical industry.

Competitive landscape

THE Lubrizol corporation, The Dow chemical company, Koninklijke DSM N.V., Arkema sa, Toray industries, inc., Stephan company, BASF SE, Industries AG, Shin-Etsu Chemical Co., Ltd., The Sherwin-Williams Co., Synthomer plc, ASHLAND GLOBAL HOLDINGS, INC, H.B. Fuller company, Shin-etsu chemical co., ltd. are some of the major players in the coating binder market.

The global coating binder market is partially consolidated with key players dominating the global value share. Moreover, players have opted for mix of organic and in-organic growth strategies such as product development, innovation, collaboration thus helping them to garner market share.

Fact.MR has provided detailed information about price points of top manufacturers of coating binder positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.

U.K is Capitalizing on Coating Binders Binders for Sustainable Construction Activities

The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Coating Binders chemical industry.

In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Coating Binders chemical industry are striving to achieve the pre-pandemic status by opting for various Coating Binders and inMetal Powder growth strategies.

In the U.K, the growth of the Coating Binders industry can be attributed to the surging demand for Coating Binders binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Coating Binders binders are key factors leading the sales and demand.

Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Coating Binders binders, thus creating lucrative opportunities for several players operating in the Coating Binders chemical industry in the upcoming decade.

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China is Incorporating Coating Binders Pigments in Textiles and Visual Arts

The global hub for the Coating Binders chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.

China is a lucrative ground for the Coating Binders industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Coating Binders pigments is also gaining immense traction in China.

Coating Binders pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Coating Binders pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Coating Binders industry.

Additionally, the wide range of unique shades available in Coating Binders pigments makes them a preferred choice for visual arts as well. The consumption of Coating Binders pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Coating Binders pigments and creating lucrative opportunities for players operating in the Coating Binders industry.

India Will Showcase High Demand for Speciality Coating Binders

India is emerging as a lucrative market for the Coating Binders chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.

The Coating Binders industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.

Leading players operating in the Coating Binders industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.

The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Coating Binders and will continue augmenting the growth of the Coating Binders chemical industry.


Key Long-Term Trends

The global Coating Binders industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Coating Binders industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:

Chemoinformatic

The Coating Binders industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Coating Binders chemical products.

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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