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Stain Resistance Coatings Market industry analysis research and trends report for 2017 – 2024
Posted: Jun 29, 2017
Stain resistance coatings market has received a remarkable contribution from automotive & transportation segments owing to its high-performance characteristics. Continuous research and development operations and growing opportunity for new applications in various industries will augment the market growth. Other key indicators will be rapid development and urbanization in emerging economies, in turn, creating a positive impact on the product market.
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Stain Resistance Coatings Market size will witness a healthy growth owing to its application in textile softeners & repellents, cookware & bakeware, architectural coverings, electronics and transportation industries. Rapid development and urbanization in emerging economies will create positive impact on the product market.
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Based on technology, stain resistance coatings market is divided into water based and solvent based. The solvent based method is widely accepted and is forecasted to grow vigorously during the forecasted period due to its low-cost process involved in application along with, instant waterproofing protection after application.
On the basis of the application, stain resistance coatings market is classified into textile softeners & repellents, cookware & bakeware, automotive & transportation and electronics. Among them, cookware & bakeware and shipping & automobile sectors are major contributors to product market.
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- Stain Resistance Coatings Market size & share forecast by product & application 2017-2024
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Europe is another prominent stain resistance coatings market, attributed to improved government safety standards on eco-friendly products have increased the consumption of such layering in architectural and automotive sector. The region is dominated by Germany for being the centre of automotive industry due to growing demand for product in numerous automobile parts to protect them from abrasion and wear & tear.
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MEA, led by UAE and Saudi Arabia has significantly diversified their markets from an oil based industry to a flourishing tourism based industry. Major players have invested in large-scale construction projects over last decade. Increasing construction and industrial activities in Qatar and Jordan are expected to foster the market size. The region will create enormous opportunities for stain resistance coatings market owing increase in construction activities in both commercial and residential sectors in the region during the forecasted region.
Several market leaders in stain resistance market are focusing on developing new product to acquire a larger market share. Some prominent vendors who have marked their presence across the globe are PPG, DuPont De Nemours, AkzoNobel, Sherwin Williams, Nippon Paint Holdings, BASF, Axalta, The Chemours Company and Dow Chemical Company.
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