|
|
(Transportation-News.com, August 12, 2022 ) The global Top 10 High Growth Paints & Coatings Market considered are elastomeric, polyurea, UV, insulation, ceramic, automotive, medical, silicone, fluoropolymer, and epoxy coating market. The global paints & coatings market is growing owing to the increasing demand from the building & construction industry. High demand for waterborne coatings has also been driving the architectural coatings market for the past few years. Additionally, growing manufacturing activities in automotive, chemical, and other commercial industries in Asia-Pacific have been influencing the market for the past few years. However, the health and environmental concerns regarding the release of VOC content to the environment are hampering the growth of the solvent borne coatings technology.
Request for customization of the Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=96246447
The top three growing paints & coatings market are elastomeric, polyurea, and UV coatings. The global market size for elastomeric coating is estimated to be USD 6.79 billion in 2016 and is projected to witness a CAGR of 15.19% to reach USD 13.68 billion by 2021. Elastomeric coating is a premium quality exterior elastomeric waterproofing coating which is used in residential, architectural, commercial, and light industrial applications on a variety of vertical masonry surfaces. Increase in demand for elastomeric coatings across various applications of construction industries is driving the global elastomeric coatings market. The market will also be driven by a strong rebound in building construction across the world, particularly in North America, Europe, and Japan, which will fuel increased demand for architectural paints. Under elastomeric coatings, various resin types are considered such as acrylic, polyurethane, silicone, butyl, and others. The acrylic elastomeric coatings segment dominated the global elastomeric coating market with a market size of USD 3.36 billion in 2015, which is projected to reach USD 8.21 billion by 2021, at a CAGR of 16.32% during the forecast period.
The global market size for polyurea coatings is estimated to be USD 5.34 billion in 2016 and is projected to witness a CAGR of 10.57% to reach USD 8.93 billion by 2021. The ongoing developments in coatings technology have enhanced the application performance of polyurea coatings with improved properties such as fast curing (even at low temperature), chemical resistance, insensitivity to moistness, and other improved physical & mechanical properties. Escalating requirement for improving performance, durability, and ease-of-use of products are the key factors contributing to the growth of polyurea coatings market. This is attributed to the increased consumption of consumer goods and technological & infrastructural developments.
Don't miss out on business opportunities in Top 10 High Growth Paints & Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=96246447
Browse in-depth TOC on “Top 10 High Growth Paints & Coatings Market”
106 - Market Data Tables
53 - Figures
198 - Pages
The global market size for UV coatings is estimated to be USD 5.34 billion in 2016 and is projected to witness a CAGR of 10.57% to reach USD 8.39 billion by 2021. The UV curable coatings market is witnessing high growth which is expected to continue in the near future. It is majorly driven by the highly growing manufacturing industry in Asia-Pacific and intense efforts at country level to promote environment-friendly products. Presently, Asia-Pacific and Europe are the major consumers of UV curable coatings.
Key top ten growing paints & coatings manufacturers are AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems LLC (U.S.), BASF SE (Germany), Progressive Painting Inc., (U.S.), Jotun A/S (Norway), The Dow Chemical Company (U.S.), Nippon Paint (Japan), and Asian Paints Limited (India).
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=96246447
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
