Stain Resistance Coatings Market Size, Outlook, Application, Opportunity and Demand Analysis, Forecast 2019 To 2025
Category: #business  By Ashwin Naphade  Date: 2019-08-14
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Stain Resistance Coatings Market Size, Outlook, Application, Opportunity and Demand Analysis, Forecast 2019 To 2025

Over the recent years, stain resistance coatings market has received a remarkable contribution from automotive & transportation segments owing to its high-performance characteristics. Continuous research and development operations and growing opportunity for new applications in various industries will augment the market growth. Other key indicators will be rapid development and urbanization in emerging economies, in turn, creating a positive impact on the product market.

These coatings offer energy efficacy coupled with diminished maintenance costs, which make them attractive for several engineering applications. This product finds widespread usages in end-user industries which include automotive, textile and electronics. Significant growth of these industries is, in turn, offering a zest to the stain resistance coatings market. Moreover, the need for enhanced product for architectural coverings, growing urbanization, and the necessity for energy-efficient constructions will be the additional contributors to the industry growth during the forecasted years.

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Based on polymer, stain resistance coatings market is segmented into ETFE, polytetrafluoroethylene, PVDF, perfluoro alkoxy polymer and siloxane copolymers. Amongst, siloxane copolymer coatings holds a major market share due to its extensive use in several industries including, electronics, cookware, bakeware and architectural coverings owing to their easy cleaning property. These products are substantially needed in emerged economies which include Germany, U.S and Australia attributed to their low VOC emissions.

Based on technology, stain resistance coatings market is divided into water based and solvent based. The solvent based method is widely accepted and is forecasted to grow vigorously during the forecasted period due to its low-cost process involved in application along with, instant waterproofing protection after application. However, water based method is also expected to grow in the estimated time due to stringent rules and regulations made by the government on VOC emission from paints.

On the basis of the application, stain resistance coatings market is classified into textile softeners & repellents, cookware & bakeware, automotive & transportation and electronics. Among them, cookware & bakeware and shipping & automobile sectors are major contributors to product market.

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Asia-Pacific is the fastest growing stain resistance coatings market. Easy accessibility of raw materials and cheap land & labour are significant factors contributing to the growth of stain resistance coatings market. Emerging economies like India and China will witness a high demand in product market due to rapid industrialization and urbanization in the region.

Several market leaders in stain resistance market are focusing on developing new product to acquire a larger market share. Some prominent vendors who have marked their presence across the globe are PPG, DuPont De Nemours, AkzoNobel, Sherwin Williams, Nippon Paint Holdings, BASF, Axalta, The Chemours Company and Dow Chemical Company.

Methodology used in the Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

 

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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