With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global coating binders market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.
The coating binders market is likely to expand at a modest pace, according to the latest report by Fact.MR. The demand in the coating binders market is expected to surpass 36,000’000 tons by the end of 2018. The manufacturers in the coating binders market are shifting their focus from solvent-based coatings to water-based coatings. Stringent regulations by the governments across various countries with an aim to minimize VOC emission is resulting in the use of water-based coatings.
In order to meet stricter VOC regulations, the demand for cheap low/no VOC solvents has increased in paints & coatings industry. Increasing investment by manufacturers is being witnessed in the coating binders market to accelerate the research and development activities to develop and offer low-VOC solvent-based coatings. Modification of equipment to work with water-based coatings is also on a rise in order to save the cost of purchasing new drying equipment.
We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the coating binders market. For enhancing readers’ experience, the report starts with a basic overview about the coating binders market and its classification. Further, we have considered 2013 as the base year, 2027 as the estimated year, 2018 – 2027 as the stipulated timeframe.
Competitive Assessment
The coating binders market report includes global as well as emerging players:
- The Lubrizol Corporation
- The Dow Chemical Company
- Koninklijke DSM N. V.
- Arkema SA
- Helios Group – A member of Kansai Paint
- TORAY Industries Inc.
- Stepan Company
- BASF SE
- Henkel AG & Co. KGaA.
- Hitachi, Ltd.
- Huntsman Corporation
- B. Fuller Company
- Shin-Etsu Chemical Co., Ltd.
- Synthomer Plc
- Solvay SA
The insights for each vendor consists of:
- Company profile
- SWOT analysis
- Main market information
- Market share
- Revenue, pricing and gross margin
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Alkyds to Emerge as the Largest Coating Binders Product
The demand for Alkyds coating binders is anticipated to grow at a significant rate, as per the report by Fact.MR. Alkyd coating binders are likely to rule the organic coating industries for a long time owing to the inherent potentials and versatile characteristics. Employing a significant amount of renewable material is one of the biggest factors for substantial growth of alkyds in the coating binders market.
The demand for alkyds is also rising owing to its low cost as derived from renewable raw materials. Moreover, increasing government regulations on chemical-based coating binders is resulting in consumers and industries moving towards using eco-friendly materials.
Water-based versions of alkyd binders are also being developed on a large scale to meet the VOC standard imposed by governments across countries. The demand for alkyds is constantly increasing in wood care, light duty industrial, automotive aftermarket, and architectural coatings.
Regional Analysis
Important regions covered in the coating binders market report include:
- MEA
- APEJ
- Japan
- Europe
- Latin America
- North America
The coating binders market report also provides data regarding the key countries in the defined regions.
Segmentation Analysis
By Applications:
- Architectural Coating
- Automotive Coating
- Wood Coating
- Industrial Coatings
- Others (Marine, Special Purpose etc)
Sales of Coating Binders to be Highest in APEJ with China Accounting for the Largest Share
There has been a substantial growth in the infrastructure and construction industry in the APEJ region. With the growing construction industry, the demand for coating binders is also rising in the region. Increasing production of semiconductor and electronic goods, as well as the significant growth in the automotive industry in China and India is likely to create growth opportunities for coating binders manufacturers.
Radiation-cured technology has been used on a large scale in China. The Chinese government is focusing on reducing VOC emission, this has impacted the use of radiation-cured technology in China. In order to comply with regulations, radiation-cured technology users have been working with coating manufacturers. This has resulted in the increasing use of UV coating technology in China.
Manufacturers in the coating binders market in China are also focusing on developing new waterborne coating solutions for furniture, construction and other industries. The development of the new coating technology in the coating binders market in the country is also accelerating. Companies are focusing on developing new coating technology for high and low-temperature resistance, anti-graffiti co