Transparency Market Research’s new market study on the global specialty coatings market is a definitive analysis of the several factors that will influence the market’s progression during the 2015-2023 period. These include key drivers of the market, restraining factors, and current market trends. Analytical tools such as Porter’s five forces analysis are used to comprehend the feasibility of new projects and how these can be converted into profitable ventures for market participants. The report is titled “Specialty Coating Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023” and is available for sale on the company’s website.
This report is significantly important for discussing the market from a competitive perspective; the competition in this market is a hive of activities due to the consistent mergers and acquisitions and partnerships that top players undergo to keep up their leading positions. Leading companies in the market such as Ashland, Specialty Coating Systems, Specialty Polymer Coatings Inc., Evonik, NV Specialty Coatings Srl, Axalta, Nicoat, PPG Industries, and U.S. Specialty Coatings Inc. tend to be consistently involved in these pursuits for continued monopoly in the market.
Specialty coatings are utilizable to deliver performance and aesthetics as per the requirements of particular applications. They exhibit the properties of a primer, topcoat, and self-priming. Specialty coatings offer benefits of fire or heat resistance, sealing, temporary protection, enhanced corrosion protection, antireflection, substrate compatibility, and excellent adhesive properties.
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The Asia Pacific market for specialty coatings is expected to expand rapidly in the coming years due to the increasing utilization of specialty coatings in several end-use industries, such as paints and coatings and building and construction. For instance, between 2015 and 2020, the global paints and coatings market will expand at a CAGR of 5.0% to have a positive impact on the global market for specialty coatings. North America will be the second largest market for specialty coatings, followed by Europe, during the forecast period. In these regions, stringent regulations in place to curb greenhouse gas emissions are favoring the use of specialty coatings.
The report discusses the developments in the global specialty coatings market for the forecast period in terms of the criteria of base material, end use, and application across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2014, Asia Pacific exhibited the largest demand for specialty coatings.
On the basis of base material, alkyd, acrylic urethane, epoxy, and polyamide are the segments of the market. By end-use application, the segments of the market are OEM paint, oil and gas, power, petrochemical, railway, water and wastewater, architectural, refineries, aerospace and defense, pulp and paper, pipeline, fireproofing, and marine.
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