DUBLIN, September 21, 2017 /PRNewswire/ --
The "Global Protective Coating Resins Market 2017-2021" report has been added to Research and Markets' offering.
The global protective coating resins market to grow at a CAGR of 4.50% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global protective coating resins market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing demand for waterborne coating resins. The demand for waterborne coating resins is increasing YoY due to their exceptional properties like lower VOC, low toxicity, and air emissions. They are considered to be cost-effective when compared with solvent-borne resins due to the less dependability on additives, thinners, and hardeners.
According to the report, one driver in the market is increasing number of construction projects. Emerging countries are expected to contribute a major share in global construction market due to the increasing government construction and social housing programs. In 2016, the global construction industry reached approximately $8.82 trillion from $7.91 trillion in 2012. The revenue is expected to reach approximately $14.98 trillion by 2025. Government projects like Vision 2030, which are aimed at economic diversification and reducing the dependency on oil revenues, are expected to fuel the construction industry.
Further, the report states that one challenge in the market is increasing competition among vendors. The global protective coating resins market is highly competitive. Vendors in the global market are experiencing a tight competition from the key vendors across the world. The competition is projected in terms of cost, quality, service, and technology. Vendors are trying to innovate new products in order to maintain their market positions in this highly competitive environment. The increased competition can also lead to a decline in the price, which can negative affect the profit margins of vendors. The failure in competing effectively could affect the profitability, financial position, and cash flow when vendors fail to retain the clients or attract customers.
- Akzo Nobel
- Axalta Coatings systems
- RPM International
- The Dow Chemical Company
- The Sherwin-Williams Company
Other prominent vendors
- Arkema Group
- allnex group
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Market Segmentation By Geography
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/pxgvsp/global_protective
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SOURCE Research and Markets