Volume share of water-borne wood preservative coatings is higher among all the regions. The increasing awareness about the benefits of water-borne coatings and strict environmental regulations is expected to boosts the water-borne system type. However, currently the solvent borne system type dominate the wood coatings market owing to its flexibility and technical advantages, the ongoing developments in the water-borne system type to increase its competitiveness will drive the growth for water-borne system types. For instance, Dow Chemical Company developed a water-borne type new alkyd composition coatings with excellent performance. Some of the advantages of water-borne system type, helping to drive the market in the region are low toxicity and flammability, low HAPs and VOCs emissions, reductions in air emissions and excellent adhesion
Increasing awareness about environmental concerns because of low quality and harmful additive in the wood coatings, the market in matured markets such as North America and Eastern Europe are turning towards adoption of sustainable wood preservative coatings. UV- curing and water-based coatings are trending in the regions with the companies such as BASF SE, AkzoNoble N.V, the Dow Chemical company increasing it penetration of eco-friendly product portfolio. For instance, in 2014, BASF SE developed UV dispersions for the furniture industry among others owing to demand for eco-friendly products.
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Key driving factors identified in the global wood preservative coatings market include safety regulations and technical standards across regions, increasing investments of furniture and coating manufacturers, Green certifications in U.S etc.
Global wood preservative coatings market is segmented on the basis of system type, coating type and by region. The Key regions covered in the report are North America, Western Europe, Asia-Pacific excluding Japan, Eastern Europe, Middle East & Africa, Latin America and Japan.
The report analyses the global wood preservatives coatings market in terms of volume (Tons) and value (US$ Mn) by of system type and coating type, and provides insightful information regarding the value chain, market trends, competitive landscape, market dynamics and market estimations and forecast.
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Key market participants covered in the report include Akzo Nobel N.V., BASF SE, The Dow Chemical Company, The Sherwin-Williams Company, PPG Industries, Inc, Valspar Corporation, Industrias Quimicas Kupsa S.L., RPM International Inc., Lonza Group Ltd, KMG Chemicals, Inc.
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Rising concerns with respect to environmental degradation and pollution have produced a huge requirement for alternative applications which adds to bring down GHG (lower greenhouse gas) emissions, for example, biodegradable plastics, water-based paints, rechargeable, and solar-powered electronics.
The quick development of gas drilling & shale oil and refining activities, together with gas prices and favorable oil is additionally foreseen to support market development over the gauge years to follow.
Increasing oil exploration exercises in the U.S. has additionally added significantly to oilfield chemicals as well as different lubricants requirement in the region.Regardless of being a developed industry, makers may yet tap prospects that emerge from macroeconomic cycles, for example, a rise in industrial and housing starts manufacturing.
Increasing competition levels from SMEs in rising economies all over South America and the Asia Pacific is additionally anticipated that would incite advancement and improvements in production, which is helpful for overall industry development.Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124707/Specialty-Chemicals-MarketIndustry dynamics are slowly moving towards the Middle East inferable from its huge petrochemical reserves that build the crucial feedstock for downstream subsidiaries; the Asia Pacific is believed to be another quickly developing region which has aggressive use attributable to economical taskforce and labor, the progression of major end-use industries and trade liberalization policies in present industrialized economies.The prominent makers are investing heavily in limit extension and additionally modernization of existent facilities to pick up footing and compete with subsisting multinationals in the region.
This aspect indicates to impact market expansion decidedly over the years to follow.Rising industrial exercises in the area of beauty care products, agriculture, food and other manufacturing industry in the emerging nations, for example, Brazil and India are considered to grow in approaching years, accordingly expanding the overall requirement for specialty chemicals.
The launch of more complex water treatment advances, for example, particle exchange incorporate utilization of specialty chemicals in water treatment for industries.
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Global shift from lead paint to enhanced coating technology will drive the powder coatings market by 2X over the forecast period (2019-2029).
Initiatives such as Global Alliance to eliminate lead paint are central to mass-adoption of powder paint by end-use industries.
Developing economies with increasing demand from goods such as automotive, home-appliances, and industrial machinery present remunerative opportunities for manufacturers of powder coatings.
Features such as high resistance to abrasion, chipping, corrosion, and wear & tear due to excessive functioning are an added bonus for sustainable growth.
Powder coatings market players are gaining a competitive edge through product innovation and integration of manufacturing processes with industry 4.0 technologies (IoT automation, machine learning, cloud computing, and artificial intelligence).The powder coatings market report highlights the following players:Eastman Chemical CompanySherwin-WilliamsAxalta Coating SystemsKansai Paint Co., Ltd.OthersThe powder coatings market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Key Takeaways of Powder Coatings Market StudyEpoxy based coatings garner more than 30% of total market share when categorized base on resins.
This is attributed to the enhanced features offered by epoxy resin based powder coating.Acrylic based powder coatings offer gainful future prospects on the back of high-quality finish and durability offered by acrylic resins.Europe leads the market with a majority market share of more than 30%.
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