Global Coatings Raw Materials Market 2019-2023 | Increasing Demand for Alkyd Resins to Boost Growth | Technavio

December 4, 2018

LONDON--(BUSINESS WIRE)--Dec 4, 2018-- analysts forecast the global coatings raw materials market to grow at a CAGR of almost 5% during the forecast period, according to their latest market research report.

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Technavio has released a new market research report on the global coatings raw materials market for the period 2019-2023. (Graphic: Business Wire)

The increasing demand for waterborne coatings is one of the major trends being witnessed in the . Consumers are increasingly preferring the waterborne coatings that are available in the market as water-dispersible paints, water-soluble paints, water-based alkyds, and emulsions or latex paints. The market is also being supported by strong housing and construction activities, notable automotive production, and greater consumption of printing inks in developing economies such as India, China, and Malaysia among others.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global coatings raw materials market is the increasing demand for alkyd resins in painting and coatings:

Global coatings raw materials market: Increasing demand for alkyd resins in painting and coatings

Alkyd resins are one of the key raw materials used to make synthetic paints and coatings as they are exceptionally compatible with a wide range of coating polymers. Alkyd resins are produced using chemicals such as polyhydric alcohols, polybasic acids, modifying agents, oils, and fatty assets that helps in significantly improving weathering properties of protective coatings. The sustained and high-consumption of paints and coatings are expected to trigger the demand for alkyd resins, which, in turn, will drive the growth of the global coatings materials market.

According to a senior analyst at Technavio for research on paints, coatings, and pigments, “Apart from the increasing demand for alkyd resins in painting and coatings, the growth of the coatings raw materials market is expected to be driven by the growing demand for coatings raw materials in the construction industry and the increasing demand of these products in APAC.”

Global coatings raw materials market: Segmentation analysis

The global coatings raw materials market research report provides market segmentation by type (resins, pigments and fillers, solvents, and additives), by region (APAC, Europe, North America, and ROW). It also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC held the largest share of the market in 2017, accounting for about 51% share, followed by Europe, North America, and ROW respectively. The APAC region is expected to continue dominating the market during the forecast period owing to the rising industrialization in countries such as India, China, Malaysia, Vietnam, Japan, and South Korea.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 12/04/2018 09:13 AM/DISC: 12/04/2018 09:12 AM


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