Press release
In-Mold Coatings Market to be worth USD 35.5 billion, Segmentation with Top Countries Data and Forecast to 2029
The global market for In-Mold Coatings estimated at USD 11.2 Billion in 2022, is projected to reach a revised size of USD 35.5 billion by 2029 registering a compounded annual growth rate (CAGR) of 6.2% over the period 2023-2029.The latest report titled In-Mold Coatings Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global In-Mold Coatings market.
The report describes the profile of the top manufacturers of the global In-Mold Coatings market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The In-Mold Coatings market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the In-Mold Coatings market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the In-Mold Coatings market is 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.
For Instance:
In March 2021, Akzo Nobel N.V. (AKZA; AKZOY) completed the purchase of 100 percent of the shares of Industrias Titan S.A.U. (Titan Paints), expanding its paints business and footprint in Spain to become a regional market leader.
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-Mold Coatings Market Segmentation:
In-Mold Coatings Market By Type, 2023-2029, (USD Million)
Water-Based In-Mold Coatings
Solvent-Based In-Mold Coatings
Powder-Based In-Mold Coatings
In-Mold Coatings Market By Application, 2023-2029, (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, 2023-2029, (USD Million)
Primer In-Mold Coatings
Top Coat In-Mold Coatings
In-Mold Coatings Market By Physical Form, 2023-2029, (USD Million)
Flexible In-Mold Coatings
Rigid In-Mold Coatings
In-Mold Coatings Market By Technology, 2023-2029, (USD Million)
Polyurethane
Others
In-Mold Coatings Market By Formulation, 2023-2029, (USD Million)
One Component In-Mold Coatings
Two-Component In-Mold Coatings
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Regional Framework
The In-Mold Coatings Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The In-Mold Coatings market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Key Opportunities Offered By Global In-Mold Coatings Market To Manufacturers
To comprehend the shifting demands, manufacturers never stop offering consumers custom solutions. Research and development efforts are looking towards creating products that are more effective and require less upkeep. In-mold coatings may benefit greatly from increased public awareness of the application of various functional coatings. Over the projection period, the development of such products might expand the market for in-mold coatings significantly.
key factors that may hinder market growth
The development of in-mold coatings on a worldwide scale may be constrained by a lack of low-tier manufacturing support. A limitation is also imposed by the high cost of the raw materials used to produce composites. The market for in-mold coatings is also under pressure from the recyclability of composites.
Growing Automobile Sales Expected to Increase Demand in Automobile and Transportation End-Use Sector
The recent past has seen a marked increase in the sales of automobiles. Even with the economic imbalances brought on by the new coronavirus pandemic, there were about 95 million vehicles produced in 2021 and about 78 million vehicles sold in 2022. Over the course of the projected period, it is anticipated that worldwide vehicle sales would increase due to the expanding population and rising disposable income of people worldwide. The rise in disposable income among automotive purchasers is elevating the demand for functional coatings over the forecast period.
Crucial insights in In-Mold Coatings research report:
Underlying macro- and microeconomic factors impacting the Sales of In-Mold Coatings.
Basic overview of the In-Mold Coatings, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of In-Mold Coatings across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the In-Mold Coatings market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant In-Mold Coatings market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the In-Mold Coatings market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the In-Mold Coatings Market in the coming years?
✦ What are the most significant challenges that the global In-Mold Coatings Markets may face in the future?
✦ What are the top companies in the global In-Mold Coatings market?
✦ What are the main trends that are positively impacting the market's growth?
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With our reports, you can make important tactical business decisions with the certainty that they are based on accurate and well-founded information. Our experts can dispel any concerns or doubts about our accuracy and help you differentiate between reliable and less reliable reports, reducing the risk of making decisions. We can make your decision-making process more precise and increase the probability of success of your goals.
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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