Industrial Liquid Coatings Market Analysis, Trends, Forecasts and Key Players are AkzoNobel, Hempel A/S, PPG Industries, Sherwin-Williams
One of the vital factors that may possibly restrain the growth of the industrial liquid coatings market is the adverse impact on human health caused due to the release of fumes from volatile organic compounds (VOC). As per the United States Environmental Protection Agency's Total Exposure Assessment Methodology (TEAM) study, people exposed to VOCs experience conjunctival irritation, throat and nose discomfort, allergic skin reaction, headache, nausea, fatigue, and dizziness.
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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions.
On the basis of application, oil & gas pipelines from the industrial liquid coatings market will observe an annual growth rate of 6% over the forecast timespan. The product provides exceptional corrosion protection to external and internal pipes for gas risers, hydrants, and oil & gas pipelines. The product also provides mechanical, chemical resistance along with gloss and color retention to the machines used in the agricultural & heavy equipment segment.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Hempel A/S
3. RPM International Inc.
5. Baril Coatings
6. PPG Industries
7. Cardinal Paints & Powder
9. Kansai Paint Co. Ltd.
10. Nippon Paint Holdings Co., Ltd.
11. Advance Paints Pvt. Ltd.
Polyester is one of the most widely used resins for industrial coatings. Polyester encompasses a superior chemical bond and is ideal temperature resistant to most materials. That said, the resin is also endowed with some other properties - polyester is known to abrasion-resistant and provides prolonged corrosion protection. Both the aforementioned characteristics make polyester-based coatings ideal to be used in the marine sector and various other industrial applications, thereby augmenting the commercial landscape of polyester-based industrial liquid coatings market.
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The regional segmentation covers:
Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
North America Region (U.S., Canada, Mexico)
South America Region (Argentina, Brazil, Columbia, Rest of South America)
Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
North America Industrial Liquid Coatings Market will experience a CAGR of over 6.5% from 2018 to 2025 due to the presence of extensive general industrial sectors in the region. Also, the region has the largest network of oil & gas transmission pipelines combining both U.S. and Canada. Upliftment of ban on U.S. for crude oil export results in the expansion of pipeline networks in the region, driving the growth of industrial liquid coatings market positively in the coming years.
Epoxy is another type of resin that is very widely used in coating production. The principal factors responsible for the deployment of epoxy are its excellent properties - the material is tough, enables quick drying, has a protective nature, and is endowed with other mechanical properties as well. Driven by its highly favorable characteristics and its subsequent benefits in coatings, epoxy manufacturing is generally undertaken on a large scale.
The market is highly fragmented with the presence of small, medium and large players across the globe. Some of the major industrial liquid coatings market players include RPM International Inc., Axalta Coatings Systems, Baril Coatings, Akzo Nobel, Hempel and Nippon Paints.
Main Features of the Global Market Research Report:
-The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2026.
-The report also describes the major drivers of the worldwide market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.
-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global market.
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