The Chemical Resistant Coatings Market Report 2018-2023 focuses on the global Chemical Resistant Coatings status, future forecast, growth opportunity, key market, and key players.
The Chemical Resistant Coatings Market report studies the global market size of Chemical Resistant Coatings in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Chemical Resistant Coatings in these regions. This research report categorizes the global Chemical Resistant Coatings market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Chemical Resistant Coatings include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- BASF SE
- Hempel A/S
- ITW Polymers Sealants
- KANSAI PAINT CO.
- PPG Industries Inc.
- Sika AG
- The Sherwin-Williams Company
- VersaFlex Incorporated
- Wacker Chemie AG
Overview of Chemical Resistant Coatings Market Research Report 2018-2023:-
The chemical resistant coatings market is expected to register a moderate growth during the forecast period, 2018 to 2023. Asia-Pacific holds the largest share in 2017, while North America is estimated to register the second-fastest CAGR through the forecast period.
Growing Demand from Construction Industry in Asia-Pacific
The emerging economies, such as China, India, Indonesia, Vietnam, and Philippines, in the Asia-Pacific region have been witnessing a robust growth in construction activities. Robust economic performance in 2017 is expected to further accelerate the growth in housing construction activities in this region. The prices of conventional residential properties have increased beyond the reach of working-class population. Due to this, the governments have been coming up with various policy initiatives, to open up the market for large-scale construction of affordable houses. Hence, with such a boom in housing construction activities in the emerging economies of Asia-Pacific, the demand for chemical resistant coatings is anticipated to project a substantial growth during the forecast period.
Increasing Demand for Epoxy Resin
The epoxy-based resins are reinforced polymer composites derived from petroleum sources, after a reaction process involving epoxide units. These resins help in the development of several properties in coatings, which includes strength, durability, and chemical resistance. The fast drying, toughness, outstanding adhesion, resistance to water, good curing, make it suitable to provide protection to metals and other surfaces. They can also be used as binders for coating applications, to enhance durability of coating for floor and metal applications. Therefore, the demand for epoxy based coatings is expected to increase over the forecast period.
Growing Demand for Chemical Resistant Coatings in North America
Growing construction sector in the United States, which is one of the major consumers of chemical resistant coatings is driving the market. Increasing construction activities of hotels, malls, offices, and etc., in almost all the provinces, is boosting the demand for chemical resistant coatings during the forecast period. The gradual growth of the commercial sector, primarily office space construction, is likely to have a positive impact on the market. The United States is competing towardÂ complete transformation of its diesel buses into zero-emission buses. Electrical buses are fast gaining importance and their production is set to grow rapidly in the coming years which is expected to drive the global chemical resistant coatings market during the forecast period. Â
Major Players: PPG Industries Inc., Sika AG, The Sherwin-Williams Company, BASF SE, and Jotun., amongst others.
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Reason to purchase this ReportAnalyzing various perspectives of the market with the help of Porterâs five forces analysisThe resin type that is expected to dominate the marketThe region that is expected to witness fastest growth during the forecast periodIdentify the latest developments, market shares and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (In excel).
Key questions answered in the Chemical Resistant Coatings Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Chemical Resistant Coatings market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Chemical Resistant Coatings Market Research Report 2018-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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