+1-888-308-5802     
News Contact Us

Asia Pacific Industrial Liquid Coatings Market to grow at 7% CAGR till 2025

Author : Ronak Bora | Published Date : 2019-05-21 

Based on volume, Asia Pacific industrial liquid coatings market will witness the growth rate around 7%. Significant rise in manufacturing industries in Asian Countries such as China, South Korea and India will subsequently augment the entire industry demand in future.

Upliftment of ban from the U.S. oil exports will spur the growth of pipeline network in the region. The largest network of pipelines in the world is present in North America, with the U.S. alone accounting for more than 115 thousand kilometers of crude oil pipeline. It is expected that North America will witness additions of around 60 thousand kilometers of pipeline network by 2021. This trend is expected to follow with the new U.S. administration’s vision of reducing energy dependence on other nations. All these facts will contribute to the product market growth in forecast timespan.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2872

The robust growth of the global automotive sector is certain to emerge as one of the driving forces of industrial liquid coatings market in the years to come. Industrial liquid coatings, equipped with resistance to corrosion, acids, UV rays, oils and other type of impurities that can deteriorate metals and hinder the performance of equipment, are deployed in automobiles, transportation equipment, electronics appliances, wood and non-wood furniture, metal building products, and metal containers. Indeed, OEMs have emerged one of the most remunerative application arenas for these coatings.

Polyester is one of the most widely used resins for industrial coatings. Polyester encompasses a superior chemical bond and is ideally temperature resistance 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.

In 2017, epoxy resin accounted for a commendable 30% of the industrial liquid coatings market share and is anticipated to depict a positive growth graph in the ensuing years. Reportedly, epoxy-based industrial liquid coatings are applied on the inside of cans as a protective coating that prevents corrosion and prolongs the shelf-life of the can and stored food. Additionally, it also serves well in terms of lending an aesthetic look to the can. Similar coatings are also used in the construction of wind turbine blades and metal structures. Owing to the fact that epoxy based coatings are relatively easier to apply as opposed to conventional heat cured powder coatings, they are used across a plethora of applications, thereby impelling epoxy-based industrial liquid coatings market share.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2872

General industrial segment is likely to clutch the highest share of over 60% by 2025 with a wide range of industries covered under this segment. It includes industries such as home appliance manufacturing, food & beverage, textiles, steel, pharmaceutical, containers and packaging, etc. Growing demand for various household products due to rise in spending capacity of the global population will result in growth of general industrial sector.

The industrial liquid coatings market is very fragmented as numerous large, medium and small players are present in the industry across the globe. Some of the key industry giants are Nippon Paints, Hempel, Axalta Coating, Kansai Paint, Akzo Nobel, Baril Coatings, and RPM International.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Automotive Coatings Market Growth Report By Product, Technology, Application, End-Use, Region-Forecast

Published Date: 2019-11-11         Author: Ronak Bora

Market.us has recently published a distinguished study on the global automotive coatings market. the study examines the market thoroughly and has provided a rather structured evaluation analysis of the business. this structured analysis is a collection of diagrammatic and graphical representations o... Read More

Ethylene Dichloride Market will witness healthy growth in the next few years

Published Date: 2019-11-11         Author: Ronak Bora

Market.us has recently published a distinguished study on the global ethylene dichloride market. the study examines the market thoroughly and has provided a rather structured evaluation analysis of the business. this structured analysis is a collection of diagrammatic and graphical representations o... Read More

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

© 2019 Fractovia. All Rights Reserved