Coating binders are basically film-forming elements that provide adhesion to bind substrate, pigments and extenders together. This product can be determined by vital properties such as flexibility, gloss and durability. Presently, the vast demand for coating binders is linked to different sectors such as infrastructure, automotive and industrial coatings. Fact.MR has carefully framed a new research study focusing on the global market scenario for coating binders. This report is titled “Coating Binders Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2027”, which discourse major aspects such as market size, revenue share, market dynamics and a lot more. Readers can gain necessary insight about Y-o-Y growth, investment feasibility and competition matrix, which are needed to conclude transformations set to occur in the coming years.
According to this Fact.MR study, the overall growth across the coating binders market is expected to remain steady. The global demand for coating binders is anticipated to swell at a 3.4% CAGR during the forecast period until 2027. The report includes different sections highlighting essential market factors so as to deliver exclusive information on the coating binders market. Further, it enables the readers to strategize business strategies in the near future.
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Alkyds Outshine as the Major Coating Binders Product
The research report reveals that demand for Alkyds coating binders is projected to surge at a significant rate. In addition, Alkyd coating binders are dominating the organic coating industries since many years due to their inherent potentials along with versatile characteristics. Presently, the noteworthy implementation of renewable material is acting as one of the major factors for the considerable growth of alkyds in the global coating binders market.
Furthermore, demand for alkyds is gaining additional pace due to its low cost. Likewise, increasing government regulations associated to chemical-based coating binders is leading to extra traction from consumers and industries who are more inclined towards eco-friendly materials.
Evolving Technologies Proving Beneficial for Market Growth
Looking at the prevailing trend for low and zero VOC coatings, upcoming innovations are offering opportunities in the market for coating binders. Precisely, antimicrobial coating technology is receiving supreme importance as a result of its efficiency to provide microbial control and film preservation in paints.
On the other hand, the increasing usage of lithium-ion batteries across the automotive sector, different manufacturers from the coating binders market are shifting their focus towards the development of effective coating binder material which can substitute industry standard polyvinylidene fluoride (PVDF) binder. With all such advancements taking place, the global market for coating binders is likely to reach a higher milestones during the forecast period.
APEJ Region Exhibit Highest Sales of Coating Binders
The APEJ region has emerged to showcase substantial growth across its infrastructure and construction industry. Due to significant developments noticed in the construction industry, the demand for coating binders has received a positive drive across the target region. Furthermore, rising production of semiconductor & electronic goods, together with expansions in the automotive industry across China and India are expected to initiate growth opportunities for manufacturers active in the coating binders market.
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Interestingly, numerous manufacturers from the coating binders market in China are aiming to develop new waterborne coating solutions focused at the construction, furniture and other industries. The improvement in this new coating technology across the country is gaining notable pace.
The final section of the report discusses the competitive scenario including the leading players from the global coating binders market. It has been examined that these players are focusing on solidifying their regional presence, with further expansion plans through mergers & acquisitions, and new product launches. The prime manufacturers included in the report include names like The Lubrizol Corporation, Koninklijke DSM N. V., The Dow Chemical Company, Arkema SA, TORAY Industries Inc., Helios Group – A member of Kansai Paint, BASF SE, Stepan Company, Hitachi, Ltd. and Henkel AG & Co. KGaA.
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