Research Nester published a report titled “Intermediates for the Paint & Coatings Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global intermediates for the paint & coatings market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global intermediates for the paint & coatings market is anticipated to attain a notable CAGR over the forecast period, i.e., 2023 – 2035. The market is divided on the basis of type into organic intermediates, and inorganic intermediates, out of which, the inorganic intermediates segment is anticipated to hold the notable share in the market over the forecast period on account of the lower cost of inorganic chemicals, along with increasing demand for coatings.
The global intermediates for the paint & coatings market is estimated to grow on the back of increasing demand for paints and coatings, backed by the growing construction activities across the globe. Intermediates are used to produce paints and coatings in the final usable form. Furthermore, intermediates are lower in cost, and commercially viable, which is anticipated to boost the market growth. Moreover, the growth of the chemical industry is estimated to further encourage the market growth.
On the basis of geographical analysis, the global intermediates for the paint & coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to hold the largest market share over the forecast period, owing to the advancing construction sector, as well as, chemical industry in the APAC region. For instance, the construction industry in China amounted to approximately USD 1,050 billion in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Construction Activities across the Globe to Boost the Market Growth
The rapid growth in construction activities to overcome the loss incurred during COVID-19 pandemic is estimated to paly pivotal role in the market growth. Moreover, the increasing production of automobiles is expected to be another major growth driver for the market, as it is bound to increase the demand for paints and coatings. The growing demand for paints & coatings is, in turn, anticipated to boost the market growth.
However, high production cost of intermediates is expected to operate as key restraint to the growth of global intermediates for the paint & coatings market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global intermediates for the paint & coatings market which includes company profiling of Venator Materials PLC, Eastman Chemical Company, BASF SE, The Dow Chemical Company, KH Neochem Co., Ltd., Saudi Basic Industries Corporation, OQ Chemicals GmbH, Solventis Ltd., Galaxy Surfactants Limited, KH Chemicals BV, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global intermediates for the paint & coatings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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