Coating refers to a layer or covering applied to the surface of an object, usually referred to as a substrate. The coatings are used in decorative and functional purposes. A material's chemical strength is its ability to protect itself against chemical attacks or solvent reactions. It is opposite of chemical reactivity and helps in determining a material's resistivity to corrosive environments. Chemical resistant coatings are coatings that play a significant role in proffering protection against oils, solvents, harmful acids and some cleaning solutions which that easily lead to erosion on floors. They are highly resistant to chemicals.
Market Dynamics
A rapid increase in the construction of hotels, malls, offices, etc. is driving the growth of the chemical resistant coatings market. Large scale projects in public infrastructure sector is also a factor driving the growth of the market. However, an increase in the regulations laid by the government regarding the emission of volatile organic compounds and high raw material costs hamper the growth of the chemical resistant coatings market. The production of electric buses is set to increase in the coming years, which will act as an opportunity in the development of the market in the years to come.
Market Scope
The "Global Chemical Resistant Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chemical resistant coatings market with detailed market segmentation by resin type, technology, end use industry and geography. The global chemical resistant coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chemical resistant coatings players and offers key trends and opportunities in the market.
Market Segmentation
The global chemical resistant coatings market is segmented on the basis of resin type, technology, end use industry and geography. On the basis of resin type the market classify into epoxy, polyester, polyurethane, fluoropolymers and others. The market on the basis of technology is broken into solvent-borne, water-borne and others. As per end use industry the market is bifurcated into chemical, oil and gas, marine, construction and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chemical resistant coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chemical resistant coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the chemical resistant coatings market in these regions.
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MARKET PLAYERSThe reports cover key developments in the chemical resistant coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chemical resistant coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for chemical resistant coatings in the global market. Below mentioned is the list of few companies engaged in the chemical resistant coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chemical resistant coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
-BASF SE
-Hempel A/C
-ITW Polymers Sealants
-Jotun
-Kansai Paint Co. Ltd.
-PPG Industries Inc.
-Sika AG
-The Sherwin-Williams Company
-VersaFlex Inc.
-Wacker Chemie
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