Benzene Market Overview, Trends Forecast Analysis By Top Manufactures

 The global Benzene Market is anticipated to reach USD 111.1 billion by 2026 according to a new study published by Polaris Market Research.

 

Benzene is an aromatic hydrocarbon and a commodity petrochemical product. It is produced as by-product in stream crackers and refineries, thus its supply and demand is driven by other products derived from it. Benzene is a basic chemical and a building block for many other chemical synthesis of the global chemical and petrochemical value chain.

                          

Benzene is used in a broad range of economic sectors such as electrical & electronics, construction, consumer products, transportation, and medical. This petrochemical product has many derivatives such as ethyl benzene, nitrobenzene, cumene, cyclohexane, alkyl benzene, chlorobenzene, aniline, and phenol.

 

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The rapidly growing industries such as packaging, construction, bulk chemicals & materials, automotive, textiles and building & construction have substantially driven the applications for the benzene derivatives globally influencing the benzene market growth. Rising population in tandem with the increase in disposable incomes has led to growth of many consumer products and bulk materials. Low cost of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene derivatives.

 

 

Benzene is a petrochemical derivative and thus is subjected to price volatility. The fluctuations in the prices of crude oil directly affect the prices of the by-products derived from its hydrocarbon stream in refineries. The benzene industry is highly regulated in terms of policy frameworks as benzene is a toxic chemical where its highlevel exposure can lead to serious environmental implications.

 

Asia Pacific is the largest regional market for the benzene market due to high consumption in China. Despite a gradually slowing economy, China has witnessed all the additional benzene requirements in the past five years (2012-2017). The consumption has shifted from North America and Western Europe towards Asia and Middle East over the past decade.

 

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The diverse needs of a growing middle class in China, significant expansion in refinery capacities, large-scale p-xylene plants to feed the downstream petrochemical sector has majorly driven the benzene demand in the country. However, the performance of the China’s economy in the near future is expected to be a vital driver for benzene consumption. Albeit a slower pace, additional benzene capacities are expected to be on-stream by 2021, but just for the production of ethylene.

 

The global benzene market comprises of large number of international and domestic producers. Global benzene industry has witnessed a shift in competitive landscape towards closer proximity of the refineries. Some of the major benzene market players include Sinopec, BASF, China National Petroleum Corporation, Saudi Basic Industries Corporation, Dow DuPont, ExxonMobil Corporation, and Royal Dutch Shell plc.

 

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Polypropylene Market Size, Recent Advancement & Scope Top Trends

 The global polypropylene market is anticipated to reach USD 120.11 billion by 2026 according to a new study published by Polaris Market Research. Polypropylene (PP), a thermoplastic is also referred to as addition polymer. It is named so, as it is made with the amalgamation of propylene monomers. The polymer was initially polymerized many years ago, precisely in 1951 by a team of Philips petroleum scientists. The team comprised Robert Banks, Paul Hogan, Natta, and Rehn. The actual commercialization of polypropylene began shortly after Professor Giulio Natta polymerized it.

 

By 1957, polypropylene gained high popularity throughout Europe and is presently the widely used plastics across the globe. It offers numerous benefits, one of which is its ability to get manufactured thorough ease and at a very large scale. It can be produced through various processes such as CNC, thermoforming, crimping, and injection molding, among others. It can be manufactured into living hinges, making it significantly light and thin without any bend or breaking. Thus, making it ideal for a variety of applications in industries such as automotive, consumer products, manufacturing, and industrial, among others.

 

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The list of key companies that are operating in the market include LyondellBasell, Japan Polypropylene Corporation, BASF AG, SABIC (Saudi Basic Industries Corporation), Braskem, China Petroleum & Chemical Corporation (Sinopec), Borealis AG, Total Refining and Chemicals Business, INEOS Olefins and Polymers Europe, ExxonMobil Chemical, Reliance Industries Limited, and PetroChina Co. Ltd., among others

Polypropylene can be easily copolymerized with other polymers such as polyethylene. Through copolymerization, significant changes are made to the properties of the material. Moreover, Polypropylene exhibits some significant properties such as high chemical resistance, elasticity, strength, fatigue resistance, transmissivity, and insulation. Thus, allowing large engineering applications, including toys, dishwasher, cups, safe plates, containers, and trays, among others.

 

Polypropylene has high application in both household and industrial applications. The unique properties and capabilities exhibited by the polymer facilitate varied application. In addition, it can be utilized as a plastic as well as fiber. Moreover, it can be manufactured via a number of processes. Thus, allowing the manufacturer to choose the most profitable procedure. From the past so many years, it is experiencing sustainable growth and is projected to dominate the demand in the plastic industry.

 

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Presently, there are only two types of polypropylene available in the market i.e. homopolymer and copolymers. Homopolymers are the widely used types and acquire a dominant position in the market. While, copolymers are largely utilized for applications that require the production of much clearer, and malleable products.

 

Currently, Asia Pacific holds a significant market share and is expected to retain its dominant position in the coming next eight years. This is primarily due to the rapidly growing demand for lightweight hybrid electric vehicles to encourage a decrease in carbon emissions.

 

 

Flexible Packaging Market With Business Strategies And Analysis To 2028

 The global Flexible Packaging Market is anticipated to reach $335 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the food and beverage segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Flexible Packaging market revenue in 2017.

 

The increasing disposable incomes and growing demand for fast moving consumer goods drives the growth of the flexible packaging market. Growing urbanization has resulted in urban citizens spending most of their time at work and everyday commute, which has increased the demand for convenient packaging for on-the-go consumption, thereby supporting the flexible packaging market growth. Brand owners are taking initiatives to optimize packaging operations to meet the global competition, increase productivity, enhance shelf life of products, improve overall efficiency, and create brand differentiation in the market. The demand for new and unique packaging sizes, shapes and configurations has increased from industries such as food and beverages, cosmetics, and healthcare among others. The increasing need to offer convenient packaging solutions while also addressing environmental concerns has boosted the flexible packaging market growth.

 

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Numerous key players have adopted partnership and acquisition strategies to increase their market share in the global flexible packaging market. For instance, In December 2015, Mondi Group signed an agreement for the acquisition of 95% of the outstanding share capital in KSP, Co. KSP is a flexible packaging company based in South Korea with strong focus on production of high-quality spouted and retort stand-up pouches for food, pet food and beverage industries. The acquisition of KSP compliments Mondi’s stand-up pouch operations in Korneuburg, Austria and Jackson, US while expanding its presence in U.S. and Asia. In July 2016, Mondi Group also signed an agreement to acquire Uralplastic. Uralplastic manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The acquisition of Uralplastic supports the development of Mondi’s consumer packaging business, strengthens its presence in the Russian consumer packaging market, and expands its offerings in the flexible packaging market.

 

Asia-Pacific generated the highest market share in terms of revenue in 2018 in the flexible packaging industry, and is expected to lead the global Flexible Packaging market throughout the forecast period. The growing population, rising disposable incomes, and increasing living standards support the growth of flexible packaging industry in the region. The increasing demand from the food and beverage, and retail industry is expected to generate numerous opportunities for the Flexible Packaging industry.

 

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The well-known companies profiled in the Flexible Packaging report include Amcor Limited, Mondi Group, Berry Plastics Corporation, Sonoco Products Company, American Packaging Corporation, Novolex Holding Inc., Bemis Company, Inc, Constantia Flexibles International GmbH, Ampac Holding, and Sigma Plastics Group. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Printing Inks Market With Business Strategies And Analysis To 2028

 The global Printing Inks Market is anticipated to reach USD 27.8 billion by 2026 according to a new study published by Polaris Market Research.

 

The printing inks market is considered as an impulsive sector due to frequently altering consumer demands. Industry participants countenance several disruptive forces and operational challenges from time to time; however, product demand has been increasing yearly despite of such instances and the overall feedback of the companies towards the market is optimistic. Nonetheless, printing inks in the present industry scenario has to confront significant challenges to take full advantage of the new-fangled opportunities rising through the integration of print and digital ink media. More commercialization of printing inks stands at the cross roads of a major structural and transitional change.

 

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But for the conventional ink manufacturers eager to expand their market penetration there has never been a better time to be in printed communications. Most of the traditional printing ink providers have extended their product catalogs to meet the digital and more enhanced product formulations. The current industry participants can be categorized into three distinct categories including the first or leading twenty percent that are has been successful in achieving profitable growth and are constantly diversifying their product portfolio satisfying the customer needs to boost the global printing inks markets.

  

Next is the middle sixty percent of the companies that are experiencing a stagnant growth with profit margins becoming constantly squeezed and the bottom twenty percent that have been witnessing significant declines in sales margins. The market/end-use demand clearly indicates that for the middle sixty percent category companies have siganificant opportunities for development of new products and penetrate into novel markets. The global printing ink maket economic picture has slightly improved for most of the manufacturers with bad debts, access to bank lending and credits, all showing small improvements however the debtor time span and lending cost still continue to have a negative impact on most of the industry participants.

 

Increasing automation has led to greater efficiencies of product or printing ink formulations. Increasing utilization of printing inks globally in almost every application of these products has been the major driving force the printing ink market. Digital inks are expected to be the fastest growing product over the forecast period, fueled by the advancements in digital technology such as print speed and quality that has opened up new applications segments for digital inks.

 

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Asia Pacific was the largest regional market in 2017 and it is expected to emerge as the fastest growing regional industry. The region is anticipated to account for the maximum share of the overall worldwide market in terms of consumption. The robust increase in product demand from the Chinese economy and the emerging markets of the region including India, Vietnam, Thailand, and Indonesia are the major trends.

 

Some of the leading industry participants in the printing ink market include DSM, Diana Group SA, Wild Flavors GmbH, DuPont, Archer Daniels Midland, Ashland Inc., Agropur Cooperative, Kerry Group, Associated British Foods Plc, Ingredion, KF Specialty Ingredients, Eli Fried Inc., Frutarom and Naturex.

• Printing Ink Market Size and Forecast by Process Type, 2018-2026
  • Flexographic
  • Gravure
  • Lithographic
  • Digital
  • Others
• Printing Ink Market Size and Forecast by Resin Type, 2018-2026
  • Hydrocarbon
  • Acrylics
  • Modified Rosin
  • Polyamide
  • Modified Cellulose
  • Polyurethane
  • Others
• Printing Ink Market Size and Forecast by Application Type, 2018-2026
  • Flexible Packaging
  • Corrugated Cardboards
  • Tags & Labels
  • Folding Cartons
  • Others
• Printing Ink Market Size and Forecast by Regions
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

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About Polaris Market Research

 

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

 

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Automotive V2x Market SWOT Analysis, Business Growth Opportunities By 2028

 Automotive V2x | 2021 Scope Of Current And Future Industry 

The worldwide automotive V2X market is anticipated to reach around USD 33,246 million by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global automotive V2X market.

 

The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the automotive V2X market growth. The adoption of automotive V2X systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. 

 

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The increasing traffic congestion across the globe, growing environmental concerns, and rising demand for advanced vehicles further accelerate the adoption of automotive V2X systems in the coming years. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive V2X market in the coming years.

 

In 2017, Asia-Pacific accounted for the highest share in the global automotive V2X market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive V2X systems in the region. The rising need to efficiently manage traffic flow, and improve road safety has boosted the adoption of V2X technology. The economic growth in countries such as China and India, leading to rising living standards and high disposable income coupled with expansion of global players into these countries to tap market potential boosts the market growth.

 

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The companies operating in this market include Delphi Automotive PLC, Robert Bosch GmbH, NXP Semiconductors, TomTom International B.V., Cisco Systems, Inc., Continental AG, Infineon Technologies, Harman International, Qualcomm, and Cohda Wireless. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Healthcare Analytics Market With Business Strategies And Analysis To 2028

 Healthcare Analytics | 2021 Scope Of Current And Future Industry 

The global healthcare analytics market size is expected to reach USD 48.50 billion by 2028 according to a new study by Polaris Market Research. The report “Healthcare Analytics Market Share, Size, Trends, Industry Analysis Report, By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Clinical, Financial, Operational & Administrative), By End-Use; By Delivery Mode; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

In the past few years, there has been a radical shift in data collection, storage, maintenance, management, encryption, and visualization. A newly designed ecosystem not only has the potential of disease prevention but also enhances the accuracy of diagnosis, providing safe and effective treatments. It also encourages a personalized patient-centric approach instead of ‘one size fits all’. Healthcare analytics is the broader concept used differently by varied stakeholders. For healthcare practitioners it helps in monitoring health, personalizing treatment, remote consulting, and predictive analytics for informed decision making.

 

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 The government can use such unified data to identify patterns and trends at the national and regional level in population-based studies. It enables the government to frame health policies, disease outbreak management, and demographic-specific disease programs. Labs and hospitals can structure data to map patient’s health journey for better healthcare outcomes. Pharma companies have different departments such as research and development and sales can use advanced analytics techniques, AI, and machine learning for drug discoveries, brand effectiveness, and market assessments.

  

Market participants such IBM Corp., MedeAnalytics, Inc., Oracle Corp., OptumHealth, Inc., Verisk Analytics, Inc., MEDai, Inc., McKesson Corp., Truven Health Analytics, Allscripts Healthcare, Cerner Corporation, and SAS Institute, Inc. are some of the key players operating in the global market.

 

Many big players in the market are diving into the healthcare analytics industry to answer unmet medical needs. For instance, in January 2020, Microsoft launched the “AI for Health” program to improve the health of people around the globe. This would be a USD 40 million five-year programs to empower researchers and was developed in collaboration with the help of leading health experts.

 

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This is the 5th AI program for researchers, non-profit organizations with innovative technologies to unlock solutions to the biggest challenges that societies are currently facing. Such an AI initiative is expected to focus on drug discoveries, global health insights, and reducing health equities for the under-served population.

 

Moreover, recently in December 2020, the U.S.-based insurer, Highmark Health, and Google cloud announced the 6-year strategic partnership to use Google’s cloud and analytics platform to power the company’s digital health initiatives. The company has an integrated delivery network of 13 hospitals, and around 2,500 physician and ambulatory care centers.

 

 

Gold Nanoparticles Market With Business Strategies And Analysis To 2028

  The global gold nanoparticles market is anticipated to reach USD 1.52 billion by 2026 and is anticipated to grow at a CAGR of 10.2 % from 2018 to 2026. Gold nanoparticles market is anticipated to witness significant growth over the forecast period. Growing demand for nano technological medical products, inherent advantages of gold nanoparticles, as well as growing application portfolio in medical field are expected to boost market growth. The global growth in the electronics industry are also expected to contribute to the overall market growth.

 

Inefficient tumor therapy, less developed drug targeting methods, drug resistant tumors, are a major cause for rising number of deaths due to cancer ailments. Gold nanoparticle enables efficient drug delivery, enhanced bio-imaging as well as aid in the selectivity of a wide range of drugs. The growing number of cancer ailments combined with the effect of gold nanoparticles is expected to benefit the market demand.

 

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Gold nanoparticles exhibit several advantages over their other conventional counterparts. Such advantages include high surface area, unique physical, chemical as well as optical properties, high surface area, biocompatibility, as well as conjugation with other molecules enable their widespread applicability. Such trends are expected to propel market growth.

 

Gold nanoparticles are used as conductors in electronic applications such as electronic chips to conductors. The optimization and miniaturization are the major factors driving the electronics industry. Gold nanoparticles aid in these efforts of the electronics industry. The growth of the electronics industry in regions such as Asia Pacific are expected to aid the global market demand growth.

 

The food & beverage industry utilize the colorimetric sensors manufactured by utilizing these metal nanoparticles. These sensors aid to qualify whether the food is fit for consumption or not. Rising awareness regarding the quality of food, concerns over food quality scams, and prevalent rules and regulations have forced food manufactures to manufacture high quality food. Such trends are expected to drive the gold nanoparticles market demand.

 

Toxicity of gold nanoparticles is expected to restrain market growth. Prescribed regulations aimed at containing this toxicity have to be abided by manufacturers. Industry participants have developed novel manufacturing methods which eliminate the usage of such toxic substances in their manufacturing processes.

 

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Gold nanoparticles are used in memory devices. These products are also used to manufacture insulators which display excellent stability and also contribute to the prevention of charge accumulation. Due to their excellent catalytic as well as conductive properties, electronics industry is widely utilizing this material.

 

Research and Development activities are influencing the market growth. Researchers have developed products which can attract and destroy the viruses in the body. These products mimic the human body cells. These products can also be used to cure antimicrobial diseases. Different materials have also been developed to be used to treat ageing skin diseases. The growing medical industry is benefitting the market demand.

 

The prevalent medical industry in North America, as well as strong presence of industry participants is contributing to the regional demand. Strong demand from countries such as China, India and Japan is propelling the Asia Pacific market growth. Companies are focusing on developing regions to gain market share.

 

Natural Food Colors Market With Business Strategies And Analysis To 2028

 The global natural food colors market size is expected to reach USD 2,984.9 Million by 2026 according to a new study by Polaris Market Research. The report “Natural Food Colors Market Size, Share & Trend Analysis Report, By Type (Carmine, Curcumin, Paprika, Turmeric, Beet, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina, Others); By Form (Liquid, Powder, Gel, Emulsion); By Application (Bakery & Confectionery, Beverages, Dairy Products, Frozen Products, Meat Products, Others), Regions and Segment Forecasts, 2020- 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

 Some of the important players profiled in the report include Archer Daniels Midland Company (U.S.), Allied Biotech Corporation, BASF SE (Germany), CHR Hansen Holding A/S (Denmark), D.D. Williamson & Co., Inc. (U.S.), Diana Naturals, Dohler Group (Germany), DowDuPont (U.S.), Fiorio Colors S.R.L (Italy), FMC Corporation (U.S.), Food Colour Innovation S.L. (Spain), GNT Group (The Netherlands), IFC Solutions. (U.S.), Kalsec Inc. (U.S.), Kolorjet Chemicals Pvt.Ltd. (India), Koninklijke DSM N.V. (The Netherlands), Lycored Ltd. (Israel), Naturex S.A. (France), Phinix International (India), San-Ei Gen F.F.I., Inc. (Japan), Sensient Technologies Corporation (U.S.), Vinayak Ingredients India Pvt. Ltd. (India) among other notable players.

 

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With leading market players holding significant market share, the market remains highly consolidated. Leading players of the natural color industry, while expanding their distribution network, continue to make heavy investments in research and development. The need for a wide range of products and a broader network creates high entry barriers to the market for natural colors of foods, making consolidating market positions difficult for local and regional players.

 

Food coloring is still playing a major role in the market, with companies still attracting consumers with attractive food colors. Various surveys show that food coloring remains of vital importance on the F&B market as consumers continue to base their assessment on food coloring. While the use of synthetic colors continues, recent research on the association of various health issues with synthetic food color consumption has brought the safety of the ingredients into question by consumers.

 

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The key market trend in the current natural food colors is increased stability and function. The main aim of the manufacturers is also to create natural, powdered food colors especially in yellow, orange and brown. This is due to the use for ready-to-eat meals, sauces, and noodles and of a large amount of seasoning consumption. Herstellers are looking forward to develop a new natural food color source at a low cost. They are concentrating on developing new drying methods and materials that enable powder stability innovation at a competitive cost. As a result, food manufacturers are investing in clean labels, thereby bringing in newer products or revising existing product portfolios through the incorporation of clean label food colors. The result is a growing need for a number of products which bear claims such as “natural.”

 

Increased government aid is expected to boost the growth of the market in Asia Pacific in turn to encourage the adoption of natural food colors in different food and beverage applications. During the forecast period, the demand for natural colors in China and India is expected to increase. The launch of new products with natural ingredients is a key reason for this. Carmine is the most popular pigment in Asia-Pacific in red colors, while beta carotene and carotenoids are preferable in orange and yellow colors.

 

 

The world market for food colors is divided into types, form, applications and geographic areas. It is bifurcated into carmine, curcumin, paprika, turmeric, beet, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, and others based on the type. The form segments is further bifurcated into liquid, powder, gel, emulsion. The application section is further segmented into bakery & confectionery, beverages, dairy products, frozen products, meat products, and others. According to regions, the market has been analyzed on a country level throughout North America, Europe, Asia-Pacific and Latin America and Middle East & Africa. The maximum development rate on the global market is expected to occur in Asia Pacific due to high demand from economies such as India, South Korea, China, etc.  

 

 

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Paints And Coatings Market With Business Strategies And Analysis To 2028

 The Global Paints and Coatings Market is anticipated to reach USD 286.54 billion by 2026 according to a new study published by Polaris Market Research.

 

Global paints & coatings industry is expected to grow significantly over the forecast period from 2018 to 2026 owing to numerous advancements that is driven by a strong rebound in worldwide building, construction, manufacturing primarily in Western Europe, North America and Japan are projected to augment demand for architectural paints & coatings. Demand from automobile, chemical, general industrial manufacturing etc. will also grow at a higher pace in comparison to its counterparts that will benefit from an improved outlook of higher vehicle production annually along with increasing industrial activities that encompass the use of paints & coatings.

 

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Increasing demand for these products in automobiles owing to its growing popularity of protecting the architectural or non-architectural surfaces from extreme heat, acid rain, dust, UV radiations etc. along with its inherent characteristics of enhancing appearance are projected to be the major factors driving the demand for paints & coatings. These products used for paint or coat surfaces of buildings, automobiles, pipelines, wood, packaging products, marine vessels or any surface are capable of producing long-lasting surfaces in satisfying customers’ needs along with maximizing efficiencies, enhancing appearance and meeting environmental regulations..

 

Some of leading industry participants include Akzonobel N.V., BASF Coatings GmbH, Kelly-Moore Paints, Indigo Paints Pvt Ltd, Vista Paints Corporation, Diamond Vogel Paints, Sacal Inetrnational Group Ltd., Tiger Coatings GmbH & Co. Kg, Dunn-Edwards Corporation, Beckers Group, Masco Corporation, S K Kaken Co., Ltd, Shalimar Paints, Berger Paints India Limited, Hempel A/S, Tikkurila OYJ, Valspar Corporation, RPM International Inc, Kansai Paints Co., Ltd., Asian Paints Limited, Nippon Paint Holdings Co., Ltd., Jotun A/S, Axalta Coating System LLC, Sherwin-Williams Company and PPG Industries.

 

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The present trends of paints & coatings and its application process are aggravated by its shrinking cost of manufacturing, delivering buyer satisfaction by means of corrosion protection and enhancing aesthetic features, along with mitigating environmental concerns. Tremendous quantity of consideration has already been put into the current used paints & coating systems, and they carry a level of sophistication that has been satisfying most customers globally. The advent of the new smart coatings and paints has almost alleviated the problem of corrosion, appearance and durability of components wherever these are applied making them perfectly acceptable for lifetime. The emergence of two-layer topcoats worldwide and the gloss, color, and chip resistance offered by these products remains functional in its first seven to ten years of use. These advantages associated with the products are the primary reasons anticipated to drive the market.

 

These products confront to almost every limitless environmental assaults. Targeting specific customers’ expectations, along with maximizing the efficiencies and compiling environmental regulations with the new processes, are expected to augment demands for these products.

 

Asia Pacific was the largest regional market in 2017 and it is expected to emerge as the fastest growing regional industry. The region is anticipated to account for the maximum share of the overall worldwide market in terms of consumption. The robust increase in product demand from the Chinese economy and the emerging markets of the region including India, Vietnam, Thailand, and Indonesia are the major trends.

 

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