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Global Coatings Raw Materials Market 2019-2023

Global Coatings Raw Materials Market 2019-2023

About this market

The increasing preference for water-based ink technology has been a major driving factor for the market’s growth. Coatings raw materials such as resins, solvents, pigment and fillers, and binders are used in the printing industry to make printing inks, especially black ink, which exhibits good dispersibility properties for plastic film and molding applications. The presence of these raw materials in printing inks improves smoothness, enhances gloss, and augments scratch resistance. Therefore, the growing production of printing inks will drive demand for coatings raw materials during the forecast period. Technavio’s market research analysts have predicted that the coatings raw materials market will register a CAGR of more than 4% by 2023.

Market Overview

Increasing demand for alkyd resins in paints and coatings

Alkyd resins are polyester- based materials that are usually modified with oil or fatty acids. Alkyd resins are used to manufacture protective coatings as they can significantly enhance the weathering properties to protective coating.

Stringent VOC regulations

VOC’s are chemicals that vaporize at room temperature to cause ground- level air pollution. In countries such as US, stringent regulations are in place on the use of paints and coatings that harm the environment. Such regulations in the use of VOC;’s will have a negative impact in the market.

For the detailed list of factors that will drive and challenge the growth of the coatings raw materials market during the 2019-2023, view our report.

Competitive Landscape

The coatings raw materials market is fragmented owing to the presence of several established and regional vendors. Factors such as the advances in water-based ink technology are supporting the market’s growth. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Coatings Raw Materials Market 2019-2023

Technavio recognizes the following companies as the key players in the coatings raw materials market: Akzo Nobel, Arkema, BASF, DowDuPont, Eastman Chemical Company, Evonik Industries.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing production of printing inks will drive demand for coatings raw materials during the period under review.”

According to the report, one of the major drivers for this market is the increasing demand for alkyd in paints and coatings.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuating oil prices have compelled vendors to adopt various cost- cutting measures, which can negatively impact the global coatings raw material market.

Companies Mentioned

Akzo Nobel
Arkema
BASF
DowDuPont
Eastman Chemical Company
Evonik Industries

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global petrochemicals market
      • Table Segments of global petrochemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Resins - Market size and forecast 2018-2023
      • Table Resins - Market size and forecast 2018-2023 (thousand t)
      • Table Resins - Year-over-year growth 2019-2023 (%)
      • Table Market share for resin type 2018
    • Pigments and fillers - Market size and forecast 2018-2023
      • Table Pigments and fillers - Market size and forecast 2018-2023 (thousand t)
      • Table Pigments and fillers - Year-over-year growth 2019-2023 (%)
      • Table Market share for pigments and fillers in 2018
    • Solvents - Market size and forecast 2018-2023
      • Table Solvents - Market size and forecast 2018-2023 (thousand t)
      • Table Solvents - Year-over-year growth 2019-2023 (%)
    • Additives - Market size and forecast 2018-2023
      • Table Additives - Market size and forecast 2018-2023 (thousand t)
      • Table Additives - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand t)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand t)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 (thousand t)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing automotive industry
    • Increasing demand for waterborne coatings
    • Growing demand for printing inks
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Akzo Nobel
      • Table Akzo Nobel - Vendor overview
      • Table Akzo Nobel - Business segments
      • Table Akzo Nobel - Organizational developments
      • Table Akzo Nobel - Geographic focus
      • Table Akzo Nobel - Segment focus
      • Table Akzo Nobel - Key offerings
    • Arkema
      • Table Arkema - Vendor overview
      • Table Arkema - Business segments
      • Table Arkema - Organizational developments
      • Table Arkema - Geographic focus
      • Table Arkema - Segment focus
      • Table Arkema - Key offerings
    • BASF
      • Table BASF - Vendor overview
      • Table BASF - Business segments
      • Table BASF - Organizational developments
      • Table BASF - Geographic focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings
    • DowDuPont
      • Table DowDuPont - Vendor overview
      • Table DowDuPont - Business segments
      • Table DowDuPont - Organizational developments
      • Table DowDuPont - Geographic focus
      • Table DowDuPont - Segment focus
      • Table DowDuPont - Key offerings
    • Eastman Chemical Company
      • Table Eastman Chemical Company - Vendor overview
      • Table Eastman Chemical Company - Business segments
      • Table Eastman Chemical Company - Organizational developments
      • Table Eastman Chemical Company - Geographic focus
      • Table Eastman Chemical Company - Segment focus
      • Table Eastman Chemical Company - Key offerings
    • Evonik Industries
      • Table Evonik Industries - Vendor overview
      • Table Evonik Industries - Business segments
      • Table Evonik Industries - Organizational developments
      • Table Evonik Industries - Geographic focus
      • Table Evonik Industries - Segment focus
      • Table Evonik Industries - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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