Press release
In-Mold Coatings Market to reach USD 35.5 billion by Industry Trends, Growth, Top Key Players, Segmentation with Top Countries Data and Forecast to 2029
In-Mold Coatings Market Overview:Innovative in-mold coating technology offers superior properties over the traditional post-painting processes, as it helps eliminate additional steps in the manufacturing process, thereby lowering the time and costs associated with the application of primers and coatings. It provides solutions to many of the shortcomings associated with post-paint systems, while delivering superior coating performance. In-mold coatings are environmentally-friendly, as they contain low amount of solvents associated with VOC emission. However, volatility in prices of petrochemical feedstock and other raw materials required in the production of in-mold coatings and low bio-degradability of in-mold coatings are expected to restrain the global in-mold coatings market during the forecast period.
The global In-Mold Coatings market size was valued at USD 11.2 Billion in 2020, and is projected to reach USD 35.5 billion by 2029, growing at a CAGR 6.22% during the forecast period 2022-2029.
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In-Mold Coatings Market Key Players
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global In-Mold Coatings market industry.
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Omnova Solutions Inc., Akzo Nobel N.V., Fujichem Sonneborn Limited,Adapta Color, S.L.,Emil Frei Gmbh & Co. Kg, Keck Chimie, Sherwin-William,Stahl Holdings B.V.,Berlac Group.,RASCHIG GmbH and Others
Recent Development
In June 2021, AkzoNobel agreed to buy Grupo Orbis, a Colombian paints and coatings firm, in order to strengthen its long-term position in South and Central America. Completion is planned by the end of this year, or early in 2022, subject to regulatory clearances.
In March 2021, Akzo Nobel N.V. (AKZA; AKZOY) completed the purchase of 100 percent shares of Industrias Titan S.A.U. (Titan Paints), expanding its paints business and footprint in Spain, to become a regional market leader.
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In-Mold Coatings Market Segmentation:
In-Mold Coatings Market By Type, 2020-2029, (USD Million)
Water-Based In-Mold Coatings
Solvent-Based In-Mold Coatings
Powder-Based In-Mold Coatings
In-Mold Coatings Market By Application, 2020-2029, (USD Million)
In-Mold Coatings For Electronics & Appliances
In-Mold Coatings For Automotive
In-Mold Coatings For Railways
In-Mold Coatings For Sanitary Products
In-Mold Coatings For Building & Construction
Medical In-Mold Coatings
In-Mold Coatings For Trucks
In-Mold Coatings Market By Layer, 2020-2029, (USD Million)
Primer In-Mold Coatings
Top Coat In-Mold Coatings
In-Mold Coatings Market By Physical Form, 2020-2029, (USD Million)
Flexible In-Mold Coatings
Rigid In-Mold Coatings
In-Mold Coatings Market By Technology, 2020-2029, (USD Million)
Polyurethane
Others
In-Mold Coatings Market By Formulation, 2020-2029, (USD Million)
One Component In-Mold Coatings
Two-Component In-Mold Coatings
Growth Factors:
Increasing demand from the In-Mold Coatings industries
The growing use of In-Mold Coatings in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in In-Mold Coatings Market
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In-Mold Coatings Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key In-Mold Coatings Market Trends
- The report identifies, determines, and forecasts the Global In-Mold Coatings Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the In-Mold Coatings Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the In-Mold Coatings Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global In-Mold Coatings Market.
Frequently Asked Questions
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