Global Polyester Coatings Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Polyester Coatings Market By Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the polyester coatings market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific region dominates the polyester coatings market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The major driver for polyester coating is highest demand from construction industry as the population is growing consistently and people opting for secondary homes especially in urban places causes more construction of buildings. As well as growth of commercial sector demands more construction in developing economies. The considerable challenge for polyester coating will be the focus of manufacturers on customizing bio-based polyester coatings.
However, strict environmental rules and regulations set by government hinder the growth of polyester coating market as well as unstable raw material pricing un-stabilized the market growth.
Asia Pacific held the largest market share for polyester coatings due to rapid urbanization and industrialization in developing countries like China, India, Japan, South Korea, and Taiwan. North America follows AAPAC due to consistent growth in various industries such as, packaging, aerospace, marine, paints & coatings. However, strict protocols by government on coatings restrict the market growth for Europe.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global polyester coatings market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: AGC Chemicals, BASF SE, Momentive Chemicals, 3M Company, DuPont, The Dow Chemical Company, Huntsman International LLC, PPG Industries Inc., Axalta Coating Systems LLC, Akzo Nobel N.V., Valspar, Sika AG, and Wacker Chemie AG.
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