The global coating resins market is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins. This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Covid-19 Impact Analysis, By Resins (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Formulating Technology (Water-based, Solvent-based, Powder, and Others), By End-use Industry (Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.
COVID-19 Pandemic to Affect Growth Backed by Low Demand from Automotive Industry
The outbreak of the COVID-19 pandemic is causing disruptions in the entire production and supply chain in the coatings industry. At the same time, renowned companies are facing a shortage of skilled laborers as most of them have traveled back to their hometowns because of stringent lockdown norms. It has also reduced the demand for coating resins from the automotive, white goods, electronics, and manufacturing industries. Our research reports will help you better understand the current situation to invest in significant zones.
How Did We Create This Report?
As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.
Drivers & Restraints-
Increasing Need to Develop Environmental-compatible Processes to Boost Growth
Nowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in increasing research and development activities worldwide. These are meant for the development of bio-based polymers. Several manufacturers are striving to provide environmentally-compatible goods and processes for a wide range of industries. Commercial epoxy resins can be easily epoxidized and they are cost-effective. These factors are expected to bolster the coating resins market growth in the coming years. However, the usage of alkyds in various coatings can be harmful to humans and the environment. It may hamper growth.
Segment-
Architectural Coatings Segment to Grow Rapidly Owing to High Demand for Durable Coatings
Based on the end-use industry, the architectural coatings segment is set to earn the largest coating resins market share throughout the forthcoming years. This growth is attributable to the surging demand for durable and high-performance coating resins for developing construction components. Besides, increasing infrastructure spending would aid growth.
Regional Insights-
Asia Pacific to Dominate Stoked by Increasing Construction Activities
Geographically, Asia Pacific earned USD 14,158.9 million in terms of the coating resins market share in 2019. The region is anticipated to retain its dominant position in the coming years because of the rising production of automotive and increasing construction activities in the region. Besides, the high consumer spending and general industrial production would propel growth.
Europe, on the other hand, is likely to show considerable growth fueled by rising infrastructural investments and ongoing developments in the oil and gas sector. In North America, the increasing industrial manufacturing activities will lead to moderate demand for coating resins.
Competitive Landscape-
Key Players Focus on Acquisitions and New Product Launches to Gain a Competitive Edge
The market for coating resins contains several companies that are mainly aiming to elevate their positions by cquiring other local manufacturers. Some of the others are planning to develop state-of-the-art coating resins to attract more consumers.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/coating-resins-market-104535
The global cannabis beverages market size is set to gain impetus from the increasing popularity of these products owing to their possession of several functional benefits, such as easy availability, ease of administration, and portion-controlled doses.
Fortune Business Insights™ presented this information in a new study, titled, “Cannabis Beverages Market Size, Share & COVID-19 Impact Analysis, By Type (Alcoholic and Non-alcoholic), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the market size stood at USD 367.4 Million in 2019 and is projected to reach USD 8,521.6 Million by 2027, exhibiting a CAGR of 50.9% in the forecast period.The decline in Sales of Cold Beverages Owing to COVID-19 May Hinder GrowthThe emergence of the COVID-19 pandemic has compelled the regulatory bodies to implement social distancing, sanitization, and stringent lockdown measures for preventing transmission.
We are delivering accurate reports to help you better understand the current scenario of the market.
Drivers & RestraintsRapid Shift of Consumers towards Chemical-free & Natural Trends to Aid GrowthThe consumption of cannabis nowadays is not limited to bongs, pipes, and joints.
Consumers based in the developed countries, especially Europe and North America are persistently striving to shape this sector.
This factor is likely to hamper the cannabis beverages market growth in the near future.SegmentOnline Retail Segment to Dominate Stoked by Ability to Offer Convenience & PrivacyBased on distribution channel, the online retail segment is set to remain at the forefront by generating the largest cannabis beverages market share in the coming years.
The global coating resins market is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins.
This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Industry Analysis, By Resins (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Formulating Technology (Water-based, Solvent-based, Powder, and Others), By End-use Industry (Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.How Did We Create This Report?As customer expectations are changing, the aspirations of dealers are also transforming rapidly.
To provide our clients with detailed information, we have conducted extensive primary and secondary research.
We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities.
We have also conducted a techno-economic study.Drivers & Restraints-Increasing Need to Develop Environmental-compatible Processes to Boost GrowthNowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in the increasing research and development activities worldwide.
These are meant for the development of bio-based polymers.
The global magnesium market is set to gain traction from the increasing demand for a safer alternative to lithium-ion batteries.
Fortune Business Insights™presented this information in a new report, titled, “Magnesium Market Size, Share Impact Analysis, By Application (Aluminum Alloying, Die Casting, Desulfurization, Metal Reduction, and Others) and Regional Forecast, 2020-2027.” The report further states that the market size was USD 4,115.0 million in 2019 and is projected to reach USD 5,928.1 million by 2027, exhibiting a CAGR of 5.4% during the forecast period.COVID-19 Pandemic: High Demand from Beverage Can Manufacturers to Boost GrowthThe COVID-19 pandemic has caused an abrupt halt in supply chains, production facilities, and raw material mining across the globe.
Our detailed research reports will provide the best insights into the market for battling the pandemic.How Did We Create This Report For You?We follow an innovative research methodology that includesdata triangulation on the basis of bottom-up and top-down approaches.
The data used to estimate the forecast for various segments at the country, regional, and global levels is collected through interviews with various leading stakeholders.
The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.Drivers & Restraints-Increasing Usage in Automotive Components to Accelerate GrowthBeing one of the lightest metals with excellent strength, magnesium is capable of resisting high temperatures.
However, the metal has low corrosion resistance, which, in turn, may hamper growth.Segment-DesulfurizationSegment to Grow Steadily Fueled by Rising Government InvestmentsBased on the application, the desulfurization segment earned 13.2% in terms of the magnesium market share in 2019.
The global aroma chemicals market size is projected to reach USD 6,968.3 million by 2028.
For instance, Privi Speciality Chemicals Limited utilizes agrochemicals from by-products and high-value aroma chemicals from Crude Sulphate Turpentine (CST) to improve eco-friendly operations and reduce emissions.
Fortune Business Insights™ published this information in a new study, titled, “Aroma Chemicals Market, 2021-2028.” As per the study, the market stood at USD 4,976.0 million in 2020.
Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/aroma-chemicals-market-105142 Drivers & Restraints-Rising Need to Maintain Formulations and Quality of Products to Aid GrowthAroma chemicals are extensively used in toiletries and cosmetics, such as hand washes, lipsticks, gels, shampoos, body lotions, aftershaves, moisturizers, soaps, and others.
Hence, they are inclining rapidly towards organic ingredients.However, the Environmental Working Group (EWG) declared that around 75% of fragrance ingredients hidden in the list provided in labels contain phthalates that can cause disruptive hormonal activities, breast cancer, reproductive malformation, and reduction in sperm count.
This factor may hinder the aroma chemicals market growth in the near future.Segments-Fine Fragrances Segment to Dominate Stoked by Rising Technological AdvancementsBy source, the market is categorized into synthetic and natural.
The global Asphalt Market is expected to gain traction from the ongoing technological advancements taking place in the mixing plants.
Besides, several manufacturers are focusing on developing state-of-the-art solutions to fulfill industry requirements and consumer demand worldwide.
This information is given by Fortune Business Insights™ in a recently published report, titled, “Asphalt Market Size, Share & Industry Analysis, By Product (Paving, Roofing, and Others), By Application (Roadways, Waterproofing, Recreation, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period.Market Drivers & Restraints-Rising Need for Protecting Buildings from Harsh Weather to Drive GrowthThe frequently changing climatic conditions are affecting the infrastructures.
Apart from this, the rising concerns about global warming are starting to influence several consumers to use novel technologies for preventing the structures from extreme weather conditions.
Asphalt is nowadays increasingly utilized in applications such as waterproofing and recreation.
It may hamper the asphalt market growth in the coming years.SegmentRoadway Segment to Dominate Fueled by Expansion of Construction IndustryIn terms of application, the market is segregated into recreation, waterproofing, roadways, and others.
