Tier 1 Players Hold their Position in Coating Binders Market with Significant Share
The market for coating binders is expected to remain stable, with sales exceeding 36,000'000 tonnes by the end of 2018. During the period of 2018-2027, demand for coating binders is predicted to grow at a CAGR of 3.4%.
Tier 1 players in the coating binders market account for 40%-50% of revenue share. The leading players in the market are focusing on strengthening their regional presence.
The companies are planning to expand through mergers and acquisitions, and new product launches.
Rise in stringent regulations on limiting Volatile Organic Compounds (VOC) emission across globe is also resulting in new product launches by manufacturers.
For instance, BASF SE, one of the leading players in the coating binders market launched new low odor binder for paper coating, with minimal content of VOC.
Moreover, BASF’s construction chemicals division recently opened a development laboratory in Dubai. The company is focusing on developing new technologies to improve performance of construction and concrete materials.
Other major players in coating binders market like The Dow Chemical Company and Arkema SA are also focusing on expanding the distribution network, product innovation, and entering into strategic partnership with coating manufacturers.
Rapid Infrastructure Development Driving Coating Binders Market Growth
Rapid urbanization and infrastructure growth in emerging economies is resulting in an increasing demand for coating binders.
Epoxy resins as coating binders are finding large application in the construction and infrastructure sector.
The Asia Pacific holds growth opportunities for coating binders’ manufacturers, with substantial growth in the infrastructure sector in China and India.
Water-based products are gaining popularity in the coatings industry. Acrylic polymers as binders are used widely in paints as water-borne emulsions.
These water-borne emulsion paints are used on a large scale as decorative paints for outside and inside of buildings.
According to the report by expert team from Global Construction Perspectives and Oxford Economics, volume of construction output is likely to growth by 85% worldwide by 2030, driven by India, China, and the US.
The move towards water-based coatings can be seen across various regions with stringent regulations on VOC emissions. According to the Paint Quality Institute, water-based paints account for around 80% of household paints sales.
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Water-Based Coating Technology Gains Immense Growth
Environmental compliance is emerging as a primary reason for various industries shifting towards water-based coating technology.
National, state, and local governments across the globe are regulating VOCs by limiting the amount businesses are allowed to emit in a particular time period.
Businesses are also using water-based coating technology to lower VOC output, as it has no or considerably fewer solvents.
One of the main reasons for increased use of water-based coatings in interior house paint and the heavy-duty protective coating is it leads to very fewer odors that can be uncomfortable and hazardous to the health.
The demand for structural steel has increased in recent years, this is resulting in the development of water-based intumescent coatings that react under influence of fire.
Also, the vast majority of the waterborne intumescent coating are based on Vinyl Acetate (VA) due to the low-cost and self-charring capacity.
New Technologies Making Mark in Coating Binders Market
The on-going trend of low and zero VOC coatings is offering opportunities for innovation in coating binders.
Antimicrobial coating technology is gaining popularity ensuring microbial control, providing hygienic surfaces and providing film preservation in paints.
For instance, Croda has launched MyCroFence, a first-generation acrylic binder with the active antimicrobial surface component.
With the increasing use of lithium-ion batteries in the automotive sector, manufacturers in the coating binders market are focusing on developing effective coating binder material that can replace industry standard polyvinylidene fluoride (PVDF) binder, a toxic solvent with the water-based solvent.
Conductive polymer gel binders ensuring long-term stability of electrodes in high power lithium-ion batteries have gain traction as a novel polymer binder for next-generation high energy and high power lithium-ion batteries.
The rise in an autonomous driving system is also resulting in the development of paint and coating binders for vehicle sensors.
Solvent Manufacturers are also investing in the research and development activities to develop solvent-based low-VOC products and enhancing the properties to improve performance and features.
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Stringent Regulations Impact Growth of Solvent-Based Coatings
Strict environmental regulations and rising consumer awareness regarding health are driving the demand for water-based coatings instead of solvent-based coating binders.
The governments and regulatory bodies across the globe are introducing strict regulations on paint and coating industry to limit the impact of VOC on the environment and human health.
Paint manufacturers worldwide are also shifting from solvent-based coating binders to water-based coating binders.
China, Latin America, and other developing countries are also planning to introduce regulations on VOCs in paints.
Despite existing regulations on VOC in paint and coating industry in the US and Europe, both regions are planning to enforce additional regulations to limit VOC in the next five years.
Stringent regulations are resulting in the growing pressure on solvent manufacturers to develop alternative technologies offering comparable performance.
This is also opening new avenues for alternative solvents that boast lower toxicological and ecological profiles.
The Fact.MR report on the coating binders market provides detailed profiles of the leading companies operating in the market.
The report also offers an exhaustive assessment of both established and emerging players in the coating binders market. Information on product portfolio, key developments, key financials, and company overview is also offered in the report on the coating binders market.
An Adaptive Approach to Modern-day Research Needs
Key Developments in the Coating Binders Market by Leading Players
The Lubrizol Corporation is planning to showcase new coating technologies at IDEA19 in 2019. The company will present new polymer and additive technologies enhancing the performance of textiles, papers, and nonwovens.
Meanwhile, the company is also planning to invest more than $25 million in its Calvert City manufacturing facility to meet increasing customer demand.
Solvay SA exhibited new grades of polyphenylene sulfide resin and recycled nylon 6/6. These new grades of Ryton-brand PPS are developed to provide some useful properties in automotive. The new material can be used for lightweight, flexible, coolant brackets, lines, and connectors.
Coating binders are film-forming elements, providing adhesion to bind pigments, substrate, and extenders together.
It determines important properties such as gloss, flexibility, and durability. Coating binders are majorly used in infrastructure, automotive, and industrial coatings.
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About the Report
The report on the coating binders market offers valuable insights and forecast on the market. The major factors influencing the coating binders market growth are also included in the report.
The goal of the report is to provide exclusive information on the coating binders market and enable readers to plan business strategies accordingly. The report on the coating binders market provides future prospects on growth opportunities.
Additional Questions Answered
The report on the coating binders market also offers answers to some of the important questions.
- Which is the most lucrative region in the coating binders market?
- Which technology in the coating binders market is likely to account for the highest share?
- Which product will emerge as the top-selling in the coating binders market?
- What will be the volume share of waterborne coating technology in the coating binders market?
The key insights and forecast offered in the coating binders market report are based on the unique research methodology that has been used to develop the report on coating binders market.
The research methodology includes both primary and secondary research to gain insights into the coating binders market.
Before including in the report, all the data and information collected through both primary and secondary research has been checked through valid data sources and interviews with leading experts in the coating binders market.
The report provides exclusive information to help clients plan business expansion strategies.
The report provides information on the key segments in the coating binders market. The key segments of the market included in the report are product type, application, nature, and technology.
The key segments are further divided into sub-segments.
By product type, the market is segmented into Acrylics, Alkyds, Polyesters, Polyurethanes, Epoxy, Vinyl-Acrylics, and Others (Silanes, Melamine, Vinyl Acetate etc.). Based on the nature, the coating binders market is segmented into natural and synthetic.
On the basis of technology, the market includes, Solvent Based Coating, Waterborne Coating, High Solids, Powder Coating, and UV Cure.
Based on the application, the coating binders market is segmented into Automotive Coating, Architectural Coating, Industrial Coatings, Wood Coating, and Others (Marine, Special Purpose etc.).
Coating Binders Market Scope Of The Report
The coating binders market has been thoroughly analyzed in the latest research report published by Fact.MR on coating binders market.
The report provides valuable insights along with the factors influencing the coating blinders market growth.
The information and the data provided on the coating binders market is accurate, precise, and unbiased.
The report also offers information on the market dynamics including trends, opportunities, challenges and driving factors in the coating binders market.
The primary and secondary research on competitive landscape is also included in the report.
Chapter 1- Executive Summary
This chapter in the report includes summary on statistics, key findings, and megatrends in the coating binders market.
The report also includes information on the growth opportunities for manufacturers in various regions.
Chapter 2- Market Overview
This section in the report on the coating binders market offers a brief introduction on the market. Product-specific definition of coating binders along with the market taxonomy is also included in the report.
The market overview in the report provides forecast on the coating binders market in terms of value and volume. Cost structure, pricing analysis, PEST analysis of the coating binders market is also included in the report.
Chapter 3- Coating Binding Market Analysis and Forecast
This chapter includes segment-wise forecast of the coating binders market. The key segments included in the report are product type, nature, technology, and application.
The key segments are further bifurcated into the sub-segments. The important numbers on each segment is given in the report in form of value, volume, CAGR, and year-on-year growth.
Chapter 4- North America Coating Binders Market Analysis
The chapter provides key insights on the performance of the coating binders market in North America.
The country-wise analysis is also offered including the US and Canada as major countries in the coating binders market in North America.
Chapter 5- Latin America Coating Binders Market Analysis
The chapter in the report offers analysis of the coating binders market in Latin America along with the current scenario in the major countries in the region.
The impact assessment along with the important factors influencing growth in the coating binders market in Latin America is also included in the report.
Chapter 6- Coating Binders Market in Europe
This section of the report provide essential information on the growth opportunities for the market players operating in the coating binders market in Europe.
The report also highlight important factors impacting the coating binders market in Europe along with country-wise analysis.
Chapter 7- Coating Binders Market in Japan
This chapter of the report includes historical data and forecast on the coating binders market in Japan.
The key trends, challenges and opportunities for the key players in the coating binders market in Japan is also included in the report.
Chapter 8- APEJ Coating Binders Market Analysis
This chapter in the report on the coating binders market offers valuable insights on the market in APEJ.
Growth opportunities along with the challenges and regulations in the coating binders market in APEJ is also included in the report. The country-wise analysis of the coating binders market is also provided in the report.
Chapter 9- MEA Coating Binders Market Analysis
This chapter provide details on driving factors and latest trends in the coating binders market in the MEA region. Details on the key players in the coating binders market in MEA region is also offered in the report along with the impact assessment.
Chapter 10- Competition Analysis
This section of the report includes market structure of the coating binders market along with the dashboard view of leading players. Company share analysis of coating binders market is also provided in the report.
Chapter 11- Competition Landscape and Company Profiles
This chapter provides detailed profile of all the leading company in the coating binders market along with the market share of each company.
Key developments and business strategies of major companies is also included in the report.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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