Albany, New York, November 21, 2019: Fact.MR has recently updated a new study which comprehensively details about the expected trends and opportunities set to influence the global market for coating additives. Furthermore, the launch of green coatings is positively steering the coating additives market to enter a new phase. In the near future, the application of green coatings is likely to gain high-end popularity within the automotive industry, thereby, enhancing vital prospects for the packaging coating additives market.
The purpose of this assessment is to present a thorough insight related to prime market characteristics and opportunities together with market taxonomy supply chain analysis, market dynamics, forecast factors and a lot more. This Fact.MR study reveals there is prominent focus on quality that is powering demand for coating additives across manufacturing processes. In addition, key coating additive manufacturers are aiming to create innovative products alongside a firm vision of expanding their geographical reach to satisfy the growing demand for functional additives.
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Rheology Coating Additives Set To Deliver Higher Demand
According to this intelligent Fact.MR report, the target market showcases a rising demand for rheology coating additives that have suitably surpassed a remarkable milestone of 449,000 tons in 2018. There has been a swelling demand for low-VOC or VOC-free waterborne coating systems, which has swiftly motivated the adoption of rheological additives. Furthermore, dispersant additives rank second just behind rheology coating additives, which are highly regarded among the favorite function types.
Higher Traction for Interior and Exterior Architectural Coatings Bolstering Demand for Coating Additives
The report highpoints that performance requirements clasp high significance while discussing interior and exterior architectural paints. These requirements are dynamic and they evidently vary in arrangement to the labelled sections which need to be treated. At present, architectural coatings occupy more than half of the entire coatings market, thereby, delivering better prospects for the coating additives market in the coming years.
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Bio-Based Coatings Expected to Provide Better Returns
It should be marked that, increasing levels of emission of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) from conventional coatings do lead to concerns associated to environmental degradation. Several nations are working to restrict the use of toxic and environment-corrupting coatings. As these stricter laws and regulations aimed at curbing air pollution are actively brought into action, conventional coatings might soon be replaced by bio-based coatings. In fact, numerous coating additives manufacturers have initiated to invest in the development of bio-based and environment-friendly coating additives.
As the report reaches its end, readers can receive important data associated to the leading players operating in the global coating additives market. Some of the chief manufacturers mentioned in the report are Arkema, AkzoNobel, BASF SE, Ashland, BYK-Chemie GmbH (Altana Group), Evonik, Elementis plc, Dynea AS, Eastman Chemical Company, Elementis PLC etc. Each of these manufacturers are examined on the basis of product portfolio, SWOT analysis and geographical sales footprint.
Segmental Analysis:Global Polyester Coatings Market Forecast is segmented on the basis of the Application.Based on Application, the market has been sub-segmented into automotive, construction, packaging, aviation, paints & coatings, and others.
The paints and coatings segment is predicted to drive the market due to the rising manufacture of polyester paint in the sector and its massive demand in end-use applications over the review period.
The surge in disposable income and production of hybrid coatings in noteworthy industries has driven the region to witness higher growth over the assessment period.
Countries such as Japan, China, and India are significant contributors to the regional market share in the Polyester Coatings Market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5263The North America region is expected to grow significantly in the market due to rapid urbanization along with the increasing popularity of Polyester Coatings in end-use industries.
The growing consumption of Polyester Coatings in aviation, construction, and packaging sectors has driven developed countries such as Canada, U.S., and Mexico to attain remarkable growth in the market as they provide excellent stability, flexibility, and durable nature to the end-use product.The European market is estimated to witness remarkable growth due to stringent regulations employed by governments to follow Polyester Coating in end-user products.
The Polyester Coatings Market has been driven by the application of this rule in textiles, paints & coatings, and adhesives segments.
The 2K Protective Coatings market is projected to grow from USD 8.6 billion in 2020 to USD 10.8 billion by 2025, at a CAGR of 4.8% between 2020 and 2025.
Growing demand from the civil building and infrastructure industry in APAC is likely to boost the 2K protective coatings market.♦ To know about the assumptions considered for the study download the pdf brochureThe key market players are AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), Hempel A/S (Denmark), Chugoku Marine Paints Ltd. (Japan), Nippon Paints Holdings Co. Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), Sika AG (Switzerland), and RPM International Inc. (US).
These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market.
Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021.
This strategy strengthened their market position and increased their presence in emerging economies.AkzoNobel N.V. (Netherlands) is a diversified chemical company active in the fields of decorative paints and performance coatings.
In March 2020, AkzoNobel launched ultimate rust-busting metal paint, which is designed to usher in the next evolution in superior metal protection.
It is widely applicable in fiber-optic communications, where they allow transmission over longer distances and at higher bandwidths than wire cables.
Increase in internet penetration is the primary growth factor of the global optical fiber market.
In addition, plastic conduits are made mostly of PVC that provides advantages of lower costs of installation, lighter weight, non-conductive, resistance to ultraviolet rays and corrosion.The choice between metal or plastic conduit is mainly influenced by site conditions, type of building, temperature of the location, and exposure to corrosive or damp conditions among others.
Plastic conduits are being increasingly used for all types of installation work, both for commercial and domestic wirings in IT & telecom sector.Get Access to sample pages @ https://www.trendsmarketresearch.com/report/sample/13364 These flexible plastic conduits are made in all sizes from 16mm to 50 mm in external diameter.
Thermal expansion of a plastic conduits is about six times that of steel.
Depending on mode, the market is bifurcated into single mode and Multimode.By product type, it comprises glass optical fiber and plastic optical fiber.
Market Analysis The Plastic Caps And Closures Market is projected to touch USD 61.71 billion at a 5.2% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis.
Various factors are propelling the global plastic caps and closures market share.
By primary materials, the global plastic caps and closures market is segmented into polyethylene, polystyrene, and polypropylene.
Of these, the polypropylene segment will dominate the market over the forecast period for its ability to withstand high temperatures and high impact resistance.
Key Players Key contenders profiled in the global plastic caps and closures market report include BERICAP GmbH Co. & KG (Germany), Guala Closures Group (Italy), AptarGroup Inc. (U.S.), Silgan Holdings Inc. (U.S.), Berry Plastics Corporation (U.S.), Rexam PLC (UK), Amcor Limited (Australia), Crown Holdings Inc. (U.S.), Reynolds Group Holdings Limited (New Zealand), and RPC Group Plc (UK).
Increasing industrialization and urbanization, rising population, China being the global manufacturing hub, rising per capita income, growing purchasing power, and developing food and beverage industry are adding to the global plastic caps and closures market growth in the region.
