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Automotive Refinish Coatings Industry Outlook Perspective, COVID-19 Impact Analysis, and Forecast 2030
December 24, 2021 5:48 - no comments yetAutomotive refinish coatings are special paints used in renovating existing or old vehicles. It is primarily driven by lack of maintenance by vehicle owners and rise in number of accidents. The global automotive refinish coatings market report compiled by Market Research Future (MRFR) by analysts with substantive research covering pertinent factors, trends, opportunities, and challenges for the period between 2016 and 2023 (forecast period).
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Market Scope
The global automotive refinish coatings market is expected to thrive at 5.6% CAGR during the forecast period to achieve a valuation of USD 10.2 billion by 2023. The resurgence of the automotive sector as well as the large production of cars globally is projected to fuel market growth. Rising GDP of nations and increased purchasing power of consumers can positively impact the market. The increasing number of vehicle collisions can also work in favor of the global automotive refinish coatings market.
Investments in high-end and luxury cars can be lucrative to the market growth. Entry of strong brands as well as diverse range of cars can bear fruit for the global automotive refinish coatings market. The trend of modifications and need for customized designs are factors which can have a positive impact on the market. Awareness of the protective nature of these paints against scratches and damages on vehicle surfaces can augment the market size till 2023. Manufacturers are providing additional training to servicing units and refinishing stations due to introduction of new paints and substrates.
However, restrictions imposed on volatile organic compounds (VOCs) emissions and environment concerns are factors which can impede market growth.
Segmentation
The global automotive refinish coatings market is segmented by resin, product type, technology, and vehicle type.
By resin, it is segmented into acrylic, alkyd, epoxy, and polyurethane.
By product type, it is segmented into primer, basecoat, clearcoat, activator, and filler and putty.
By technology, it is segmented into water-borne coatings, UV-cured coatings, solvent-borne coatings, powder coatings, and high solid coatings.
By vehicle type, it is segmented into two-wheelers, commercial vehicles, and cars.
Competitive Outlook
Covestro AG, Berger Paints India Limited, PPG Industries, Inc., Nippon Paint, The Valspar Corporation, 3M, Kansai Paint Co., Ltd, Mitsui Chemicals, Inc., The Lubrizol Corporation, Akzo Nobel N.V, Axalta Coating Systems, LLC, BASF SE, KCC Corporation, The Sherwin-Williams Company, Esdee Paints Limited, and KAPCI Coatings are prominent players of the global automotive refinish coatings market.
Regional Analysis
The Middle East & Africa (MEA), North America, Latin America, Asia Pacific (APAC), and Europe are regions covered in the global automotive refinish coatings market report.
The APAC region is expected to grow due to the rapid industrialization from Malaysia, South Korea, China, India, and Japan. Other factors influencing regional market growth include increased purchasing power of consumers, awareness among the populace regarding maintenance and protection of vehicles, and rising urbanization. Rapid development of roads in China as well as procurement of vehicles can benefit the global automotive refinish coatings market growth.
North America can contribute to the global automotive refinish coatings market due to rising demand for passenger vehicles in the U.S. Growing need for customization, repair, and maintenance in the coming years can drive the global market growth. Europe can grow due to presence of large automotive manufacturers in the region as well as buying power of consumers in Belgium, France, U.K., Italy, and Germany.
The MEA and Latin America regions can drive the global automotive refinish coatings market due to steady industrialization and urbanization among the countries in the respective regions. Sale of luxury vehicles in Dubai as well as the growing oil & gas industry in countries of the MEA can benefit the market.
Industry News
BASF SE has invested in a new automotive refinish coatings facility which will start production by 2022. It is situated in Jiangmen, South China.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Anti-Microbial Coating Industry Overview 2022 Industry Production, Sales and Consumption Status and Prospects Research report
December 24, 2021 5:31 - no comments yetMarket Synopsis
According to MRFR analysis, Global Antimicrobial Coatings Market size was valued at around USD 4 Billion in 2019 and is projected to reach around USD 7.2 Billion by the end of 2030 at 6% CAGR.
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The growth of the Global Antimicrobial Coatings Market is linked to the growth in construction activities across the globe, especially in developing countries. The increased demand for antimicrobial coatings in the healthcare industry is likely to propel the growth of the global market. They are used in the coatings of medical devices, doors, window panels, and handles, among others. Additionally, stringent government regulations are mandating the usage of safe and bacteria-free school and healthcare premises, which is likely to boost the demand for antimicrobial coatings. Additionally, they are widely used in the food industry to prevent fruits and vegetables from bacteria and fungi. They are known to kill E. coli, listeria, and Pseudomonas, which causes food poisoning and respiratory diseases. The global pandemic crisis due to the outbreak of the COVID-19 virus has made end users more cautious, which is likely to propel the growth of the antimicrobial coatings market during the study period.
However, factors such as the lack of awareness among end users and the availability of substitutes are likely to impact the growth of the global antimicrobial coatings market.
Competitive Landscape
The global Antimicrobial Coatings Market is consolidated with the prominent players holding most of the market share. Manufacturers are increasingly investing in the development of new antimicrobial activities through advanced nanotechnologies to achieve a leading position in the global market. Furthermore, they are also engaged in product developments and expansion through mergers & acquisitions.
Segmentation
By Product
- This segment is further segmented into antimicrobial powder coatings and surface modifications and coatings.
- The antimicrobial coating is further segmented into silver, copper, and others. This segment holds the largest share of the global antimicrobial coating market. These coatings are widely used in mold remediation, construction, HVAC system, and foodservice industry applications.
- Surface modifications and coatings are further segmented into E. coli, listeria, Pseudomonas, and others. They are widely used in the food industry to prevent microbial accumulation on fruits and vegetables. E. coli, listeria, and Pseudomonas are the microbes that cause food poisoning, respiratory diseases, and skin infections.
By Region
- North America: Market growth is driven by the growing per capita healthcare expenditure and growing construction and renovation activities in North America.
- Europe: The flourishing food industry and huge construction industry in Europe to drive the growth of the regional market.
- Asia-Pacific: Asia-Pacific is expected to be the largest and fastest-growing regional market.
- Latin America: The increasing construction activities and food industry are fueling the demand for antimicrobial coatings in Latin America.
- Middle East & Africa: The rising awareness and government expenditure on construction, especially in GCC countries, is fueling the demand for antimicrobial coatings in the region.
By Application
- This segment is sub-segmented into indoor air quality, antimicrobial textiles, mold remediation, construction, food, and healthcare.
- Indoor air quality holds the largest market share. Antimicrobial coatings are widely used to maintain air quality in HVAC systems, ducts, vents, air purifiers, and air filters.
- The antimicrobial textiles segment is likely to witness moderate growth in the global market. Antimicrobial coatings are widely used in fabrics such as carpets, socks, awnings, and tents to prevent microbial contamination and discoloration, and degradation.
- Mold remediation is projected to witness the fastest growth in the global market. This is attributed to the rising demand for antimicrobial coatings in damp weather, especially in North American and European countries.
- The construction segment is driven by the growth in the demand for antimicrobial coatings in wall and ceiling coatings, as well as in interior components such as doors and handles.
- In the food segment, antimicrobial coatings are usually used in the foodservice industry to prevent infections from microbes such as E. coli, listeria, and different types of fungus. With the growing e-commerce segment and home-delivery services, the growth of antimicrobial coating in this segment is projected to witness notable growth in the forecast period.
- The healthcare segment is expected to witness healthy growth in the coming forecast period. This is due to the growing prevalence of healthcare-associated infections and growing investments in the healthcare industry.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Alpha Bisabolol Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2030
December 24, 2021 5:19 - no comments yetMarket Scope
Market Research Future (MRFR) studied the global alpha bisabolol market for the review period till 2025, As per MRFR study, the alpha bisabolol market is expected to surge at 4.60% CAGR to earn substantial revenue by 2025.
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Market Players
- BASF SE (Germany),
- Clariant (Switzerland),
- Beijing Brilliance Bio (China),
- MORRE-TEC Industries (US),
- Biocosmethic (France),
- TRI-K Industries, Inc. (the US),
- Symrise (Germany),
- Vantage Specialty Chemicals (US),
- Atina Ativos Naturais Ltd (Brazil),
- Sasol Performance Chemicals (South Africa),
- Citroleo Group (Brazil)
Drivers and Restraints Impacting Alpha Bisabolol Market
The expansion of the global Alpha Bisabolol Market can be attributed to the expansion of the cosmetic industry over the review period. The rise in safety standards in the food sector creating the need to comply with safety standards can favor the global alpha bisabolol market in the review period till 2025. As per MRFR analysis, the expansion of the cosmetics market can add to the growth of the alpha bisabolol market over the review period. The diversity of consumer aspirations and the launch of new products for skin and derma care can improve the impetus of the market, whereas, the escalation of disposable income of middle-class population allows them affordability of luxurious items can favor the expansion of the alpha bisabolol market in the review period. The increasing popularity of natural cosmetics across developing economies can cast a positive impact on the global market alpha bisabolol market. On the contrary, the ongoing issues with supply chain due to COVID 19 situation can hinder the growth of the alpha bisabolol market over the assessment period players. Moreover, the availability of substitutes to alpha bisabolol can also restrain the market rise in the analysis period.
Regional Analysis
Asia Pacific, Latin America, North America, Europe, and the Middle East Asia and Africa are studied for the regional analysis of the global alpha bisabolol market. As per MRFR data, Europe alpha bisabolol market is likely to hold 36 % share of the overall market and can earn revenue over USD 7,156.8 thousand by 2025. The market in Europe is anticipated to register 4.66% CAGR over the study tenure. The rise in demand for organic personal care and cosmetics solutions due to the enforcement of new regulations on overuse of cosmetics for handling and using chemical ingredients can prompt the market rise. North America alpha bisabolol market is likely to hold second-largest share of the market by 2025. The regional market can register 4.49% CAGR in evaluation period. In Asia Pacific, the alpha bisabolol market can expand at 5.05% CAGR to earn USD 4,194.7 thousand. The market in Middle East and Africa can register 3.73% CAGR in the review term.
Segment Analysis
The segments study of the global alpha bisabolol market is based on purity and application.
The purity-based segments of the global alpha bisabolol market are greater than 95% and less than 96%. The segment of greater than 95% purity is likely to secure the highest share of the overall alpha bisabolol market as it can register a CAGR of 4.78% in the analysis period. The high-purity alpha-bisabolol or 99% pure alpha-bisabolol is used on a large-scale compared to other grades. The increase in its demand owing to the surge in sales and manufacturing of cosmetic products can support the market upsurge. The increase in the awarness about anti-inflammatory and anti-irritant benefits of more than 95% purity alpha bisabolol segment, can support the market rise. The availability of the product with 85%, 93%, 87%, and >75% grades of purity and the increase in their requirement for the production of different end products can favor the market.
The application-based segments of the alpha bisabolol market are skincare and oral hygiene products among others. The segment of skincare is expected to hold the highest share of the global market by 2025. The skincare segment studies various skincare products, such as; cleansers, after-sun products, anti-pigmented spot products, whitening creams, age-induced spot removers, dark spot remover essences, anti-aging products, and baby skincare products. The increase in the utility of alpha-bisabolol in cosmetic formulations of products that are for sensitive skin and used in sun care can support the growth of the market. The oral hygiene products segment is expected to hold 12.6% share of the entire alpha-bisabolol market and rise at 4.38% CAGR in the assessment tenure.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Aerospace Coatings Market Share | Business Overview, Price and Forecast 2022 – 2030
December 24, 2021 5:08 - no comments yetAerospace Coatings Market, 2022-2030 Industry Research Report is an exhaustive study on the present market scenario of the global Aerospace Coatings industry with a special focus on the International market of this industry.
Market research future published a raw research report on Global Aerospace Coatings Market that contains the information from 2016 to 2022. The global aerospace coatings market is expected to grow with approximately 7% CAGR from 2016 to 2022.
Market Overview:
The factor that is driving demand for aerospace coatings is the continued need to develop more environmentally friendly products that produce less hazardous materials. So, the advancement in the field of chromo free technology coupled with the usage of environment-friendly coating products is one of the major drivers of the market. For many decades, chrome-based coatings were the most preferred coatings, however, they are no longer used because of issues related to health, safety, and environmental protection. According to the International Air Transport Association (IATA), a 1% improvement in fuel efficiency in the aviation industry can lower fuel costs by USD 700 million a year.
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Key Players Analysis for Aerospace Coatings Market:
- Akzo Nobel N.V. (Netherlands),
- Zircotec Ltd. (U.K.),
- BASF SE (Germany),
- PPG Industries, Inc. (U.S.),
- IHI Ionbond AG (Switzerland),
- The Sherwin-Williams Company (U.S.),
- Henkel AG & Company KGaA (Germany),
- Mankiewicz Gebr. & Co. (Germany),
- BryCoat Inc. (U.S.)
- Argosy International Inc. (U.S.)
Scope of the Report:
This study provides an overview of the global aerospace coatings market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aerospace coatings market by its resin type, end-user, application and regions.
Segmentation:
By Resin Type
- Polyurethanes
- Epoxy
By End-User
- Commercial
- Military
- General Aviation
By Application
- Exterior
- Interior
By Regions
- North America
- Europe
- Asia-Pacific
- Rest of World
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
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Email: sales@marketresearchfuture.com
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UV Adhesives Market Size | 2022 to 2030 – Revenue, Average Product Price and Market Shares of Key Players
December 24, 2021 4:54 - no comments yetMarket Overview
The global UV adhesives Market will cross USD 1.5 billion by 2022 growing at a CAGR of approximately 9.5%.
Market Dynamics
The rising demand for high-tech machineries and equipment from manufacturing industries has fuelled the market's rise. Due to increased demand from application segments such as glass bonding, electronics, packaging & laminating, medical & pharmaceuticals, and industrial application, the global UV Adhesives Market has grown significantly over the last decade. Furthermore, the sector is expected to benefit from the increasing growth of the electronic industry. The UV adhesives market is growing due to improved performance for industrial applications, rising demand for lightweight electronic devices, and high demand in flexible packaging applications. The rising trend of e-commerce, e-retail, and online food orders and delivery services has increased demand for packaging materials, especially flexible packaging, which is expected to drive demand for UV adhesives over the forecast period. The use of LEDs instead of UV radiation, which is a modern technical advancement and innovation, would provide a new direction for the UV adhesives industry. Government policies around the world facilitate the growth of environmentally friendly goods in line with their pledge to protect the environment while also maintaining economic prosperity, which will drive the sector even further.
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On the other hand, the market's growth is expected to be hindered by relatively high machinery costs compared to other adhesives, as well as unfavorable conditions exacerbated by the COVID-19 outbreak.
Regional Overview
The Asia-Pacific region is projected to have the largest share of the global economy. UV adhesives are becoming more common in the region as investments in the packaging, medical, and electrical and electronics industries develop in countries like China, India, and Japan. The largest market for UV-curable adhesives is China, which is also predicted to have the highest CAGR over the forecast era. UV adhesives are increasingly becoming more common in the packaging industry in the region, owing to their advantages over traditional adhesive systems. Due to growing exports and domestic consumption, China's demand for packaging materials is increasing from industries such as consumer goods, food and beverage, and others. Japan, on the other hand, is a technical hotspot with an active R&D base for the production of newer and more effective UV adhesives. India is also one of the region's largest users of UV adhesives. Over the forecast era, strong growth in the packaging industry, as well as increased investments and development in the electronic and automotive industries, are expected to drive demand for UV adhesives.
In 2019, the United States is a major player in the UV adhesives industry, accounting for the bulk of the market share in North America. Because of supportive regulations and standards regarding volatile organic compounds, the country will experience significant development. Furthermore, the United States' high investment in research and high-tech medical equipment will propel demand growth by 2024.
Competitive Dashboard
Some of the notable players in this market are
- Henkel AG, BASF SE,
- 3M Company,
- Ashland,
- B. Fuller,
- Permabond Engineering Adhesives,
- Epoxy Technology,
- Dow Chemical, Bostik,
- Huntsman Corporation and others.
Market Segmentation
UV adhesives market is segmented, based on product, which include silicone, acrylic, epoxy, polyurethane and others including cyanoacrylate, polysulfide, polyesters, etc. Acrylic segment accounted for the majority of the overall UV glue market in 2019 and is projected to rise slowly by the end of 2026. Because of their inherent property of high dielectric strength, this product is commonly used in electronic assembly. Silicone UV glue is expected to develop at a significant CAGR over the forecast period. The substance is widely used in dentistry, where it is used to replace amalgam fillings. During the study era, the market for silicone UV adhesives will be fuelled by the increase in cosmetic dentistry.
Medical and pharmaceutical, electronics, packaging and laminating, glass bonding, and industrial application are the four main application categories in the UV adhesives industry. The electronics segment has generated significant revenue in the past and will continue to do so by the end of 2026. UV glue can be used in touch screens, cell phones, hard disk drives, and micro speakers, which will boost the market.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
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