The report presents an in-depth assessment of the Global Organic Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Organic Coatings investments from 2020 till 2023.
The Global Organic Coatings market is estimated to experience significant growth during the forecast period. Asia-Pacific is expected to hold the largest share of the market.
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Top Leading Manufactures-
Akzo Nobel NV, Anochrome Group and Organic Coatings Ltd
Increasing application in protective sector
Organic coatings are one most widely applied method for corrosion protection of metallic materials and are of particular importance in transport and infrastructure. Organic coatings improve durability and impart stability to the surface. Steel coatings in infrastructure are in high demand for these types of coatings. The increasing infrastructure activities mainly in Asia-pacific and Europe will increase the demand for organic coatings
Protective accounts for the largest share of the application segment
The primary application of organic coatings is to prevent corrosion and provide long lasting protection to the metal surfaces. The protective sector includes, oil and gas along with infrastructure as the major segments. Both the above-mentioned segments use metal in many of their components. Moreover, the infrastructure industry in the United States is estimated to have grown at 5.94% in 2016. Apart from these regions, European countries, such as Germany and the United Kingdom are also expected to have significant expansions in the road sector during the forecast period
Asia-Pacific is to dominate
Asia-Pacific is expected to hold a share of revenue in 2017, with China dominating the market. The major reasons for Chinas stronghold being the increasing number of oil and gas activities and infrastructure which are in constant need of protection from corrosion. China also has a large automotive industry in need of novel technologies in coatings to boost growth. In 2017, the Chinese automotive sector witnessed the increase in use of New Energy Vehicles. China topped the production of NEVs, with an increase of more than 25% in production in 2017, thus, making the country open to international automobile manufacturers.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Organic Coatings Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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