An analysis of the topic of the production and the rapid growth of population and industry

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An analysis of the topic of the production and the rapid growth of population and industry

Increasing stringent government regulations associated with VOC is expected to propel demand.

An analysis of the topic of the production and the rapid growth of population and industry

Rising demand for waterborne and powder technology to replace solvent borne coatings especially in the architectural and automotive application is expected to drive industry growth. The industry is highly competitive and fragmented owing to the presence of several major manufacturers.

Increasing government focus towards the environment is expected to propel demand for eco-friendly products, thus driving the green coatings industry trend. Innovations done by the automotive manufacturers in the region to use powder and UV cured coatings in vehicle manufacturing is expected to propel product demand.

Capacity expansion, integration, mergers, and product innovation are expected to be the key strategies for these players to sustain in the competition. Fluctuating raw material prices and availability of wide product options by different manufacturers is expected to challenge manufacturers in terms of pricing and profitability.

The industry is governed by various laws and regulations given by the environmental protection agencies and governments across the globe. For instance, in the U.

An analysis of the topic of the production and the rapid growth of population and industry

High energy consumption associated with the product manufacturing and use is projected to restrain industry expansion. Technology Insights Waterborne coatings dominated the industry owing to the early adoption of the technology especially in architectural application across the Europe and North America.

The technology is expected to grow at a significant rate owing increasing product demand in the automotive and industrial application in the emerging economies including India and Brazil.

Increasing infrastructure spending coupled with rising economic development in Asia Pacific and the Middle East are expected to drive market growth over the next eight years.

High solid coatings are likely to witness a growth of 6. The demand for high solid coatings was valued at USD Surging demand for domestic appliances including freezer cabinet, washing machine, and microwave oven are expected to augment powder coating industry growth.

The demand for the technology for manufacturing consumer goods is expected to grow at a CAGR of 8. Regional Insights Europe is likely to witness growth owing to growing population and economic development in UK, Spain and Italy.

Various infrastructure projects including seaports and airports have been planned in UK National Infrastructure Delivery Planwhich are likely to drive the market demand over the next eight years.

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India is expected to be the key market for green coatings and is expected to grow at a CAGR of 7. Rising consumer disposable income and changing consumer lifestyle in Brazil is expected to have a positive impact on the construction industry in the region, thereby impacting the green coatings market on a positive note.

The growth of application industries coupled with the expansion of major coating manufacturers in this region is expected to have a positive impact on the industry trends over the next eight years. Competitive Insights Entry of new market players is expected to be limited owing to high investment costs in addition to fluctuating prices of raw materials.

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Rapid product innovation is expected to pose a threat of forward integration by the raw suppliers. The global presence and business model of such conglomerates is expected to pose a risk to existing market players.

Major coating manufacturing companies try to integrate with domestic players to expand business in the local market and augment their production capacity.Rapid growth in demand enables companies to expand their revenues and profits without taking market share away from competitors.

Industry Shakeout Demand approaches saturation levels: most of the demand is limited to replacement because there are few potential first-time buyers left.

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Green Coating Market Size, Trends | Global Industry Report,