A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Polyester
Coatings
market. The study,
titled “Polyester
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020”,
is available for sale on the firm’s website.
Polyester
coatings are also called as oil-free alkyds coatings and used can be
used as substitute for alkyd resins. These are most widely used
coatings due to low cost, high acceptance and versatility. Polyester
coatings can be tailored with additives for specific end-use
applications. These offers high flexibility, hardness, chemical
resistance and high strength. The applications of polyester coatings
include construction, automotive, OEM coatings, infrastructure,
aviation, industrial coatings and packaging.
Growing
demand for polyester coatings from construction industry is expected
to drive the market growth. Demand for construction is due to growing
population and rising disposable income of middle class. Owing to
rising income in developing countries people are going for second
home plans as investment option that is driving the construction
industry. Further increasing investment in infrastructure building is
expected to drive the polyester market.
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PDF Brochure for more Professional and Technical insights :
Governments
bodies are investing heavily in improving overall infrastructure of
own countries. These infrastructure projects include domestic as well
as industrial and transportation infrastructure. In addition demand
from OEM coating is expected to boost the market for polyester
coatings.
OEM
coatings include coil coatings, paper & paperboard coatings,
powder coatings, radiation cured coatings, wood furniture &
composition board finishing, appliances coatings. The demand for OEM
coatings is rising with changing lifestyle and improving per capita
income across the globe. Rising demand from special purpose
customized coating is expected to boost the polyester coatings market
growth. Special purpose coatings include marine coatings, industrial
maintenance, aerosol coatings, automotive coatings, wind energy and
aerospace coatings.
However,
volatile raw materials and environmental regulations are expected to
inhibit the market growth for polyester coatings market. Polyester
coatings are manufactured from ethylene which is a petroleum
derivative and is subjected to crude oil price volatility.
Additionally, polyester coatings are required to have solvents for
solubility and application on the surface. These solvents are
environmentally hazardous and pose threat to human health as well.
Therefore, environmental regulations by governments’ bodies are
expected to hamper the polyester paintings market growth.
Customized
coatings for specific applications and bio-based polyester coatings
are expected to provide opportunities for the players in this market.
Bio-based polyester coatings are manufactured from renewable raw
materials and are biodegradable. Further, waterborne polyester
coating is expected to be new opportunity, as they are environment
friendly as compared to solvent based coatings.
Asia
Pacific was largest market for polyester coatings in terms of
consumption with China contributing highest to the demand. Few
multi-functional producers of coatings and resins have established
their manufacturing plants in China due to high demand. Construction
industry and hybrid coatings are expected to drive the polyester
coatings market in this region. Demand from Japan has declined
significantly in last few years due to high performance, high cost
alternatives available in this region. Due to enacted legislation in
some part of North America and Europe, the demand for polyester
coatings has declined.
Browse
Market Research Report with ToC & Free Analysis :
Players
are developing new products those meet requirements of the
regulations in these regions. Demand for waterborne polyester
coatings is gaining momentum in this region due to low to no
solvents. Market for polyester coatings in Europe is experiencing
very slow growth rate due to strict environmental regulations.
Global
polyesters coatings market is highly fragmented with few major
international companies dominating the market. Some of the major
players in the polyester coatings market are AGC Chemicals, The Dow
Chemical Company, BASF SE, Huntsman Corporation, Du Pont, 3M Company,
Momentive Chemicals among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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