Global Specialty Coatings Market Report Description:
Global specialty coatings market report gives comprehensive outlook on specialty coatings market across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The report on global specialty coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application type and regions. This report studies global specialty coatings market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global specialty coatings market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global specialty coatings market to better equip clients with possible investment opportunities across the regions and market unmet needs (Product Opportunities). Key stakeholders of the global specialty coatings market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global specialty coatings market activities.
Global Specialty Coatings Market:
The global specialty coatings market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Market for global specialty coatings projected to reach US$ XX Mn by 2025 due to increased demand from industry.
Development and Launch of New Specialty Coatings
Development and launch of innovative specialty coatings by the market players enables surge in the specialty coatings market demand over the forecast years. For instance. In 2018, Dow Chemicals launched the new specialty Coatings which has a wide range of application. Moreover, Launch of newer products in various countries enables the growth of specialty coatings market over the forecast years.
Automotive and Transportation Segment Expected to Dominate the Market
Based on application, the market is segmented into automotive, electrical & electronics, consumer products, building & construction, healthcare & medical, oil & gas and energy, and others. Automotive & transportation emerged as the leading application segment with demand share exceeding XX% in 2015. Increasing demand for light weight vehicles on account of existing and proposed stringent governmental regulations regarding automotive pollution along with growing need for fuel-efficient vehicles is expected to drive this segment over the forecast period.
Asia Pacific, Accounts for Major Revenue Share for Global Specialty Coatings Market
According to regional analysis, Asia-Pacific had the largest share in the global market, accounting for more than XX% in 2017. The rapidly growing construction industry, primarily in China and India, is a major factor driving the demand for specialty coatings in the region. North America is also expected to register a significant growth rate, primarily due to the rise in residential houses sales, coupled with the renovation of the existing houses, which is expected to boost the demand for residential construction.
Key players profiled in the global specialty coatings market include:
- US Coatings
- Dow Chemicals
- Axalta Coating Systems.
Global specialty coatings market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions and launching of new products. For instance June 2017 Sherwin-Williams completed the acquisition of Valspar to become the global leader in paint and coatings.
Key Findings of the Report:
Global specialty coatings market expanding at significant CAGR over 2019 to 2025 to reach market value of US$ XX Mn by 2025 owing to increase launch of newer products.
- Based on application type, automotive segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on mergers and acquisitions strategies to retain market position in global specialty Coatings market
Key Features of the Report:
- The report provides granular level information about the market size, country market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
By Type of Product
- Conformal Coating
- Corrosion Resistant Coating
- Shielding Coating
- Optical Coating
- Wear Resistant Coating
- Automotive, Marine
- Aerospace & Defense
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East And Africa
- South Africa
- Gulf Cooperation Council Countries(GCC)
- Rest of MEA