Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Polyester Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.
Albany, NY -- (SBWIRE) -- 02/05/2016 -- A new market research report by Transparency Market Research, titled "Polyester Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", presents a detailed study on the market for polyester coatings. The report presents the classifications, industry chain overview, applications, and cost structure of polyester coatings in order to provide analysis on the market on various verticals. The various market dynamics shaping the growth of the market have also been presented under this study. These market dynamics include the growth drivers, inhibitors, opportunities, trends, and challenges in the market. Additionally, aspects such as the top regional markets and the performance of these markets all through the forecast period also form an integral part of this research study.
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As stated in the report, the market for polyester coatings is majorly fuelled by the increasing demand from the construction industry. In addition, the demand for polyester coatings is on the rise owing to the globally rising aging population and the increasing disposable incomes of the middle class. In addition, the increasing demand for polyester coatings in special purpose customized coatings is also augmenting the growth of the market. The segment of waterborne polyester coatings is predicted to emerge as a new opportunity owing to its environment-friendly nature in comparison with solvent-based coatings. On the other hand, factors such as the rising environmental regulations and volatile prices of raw materials are amongst the prime factors that may impede the growth of the market in forthcoming years, as per this research report.
On the basis of application, the market for polyester coatings is segmented into automotive, construction, infrastructure, OEM coatings, industrial coatings, aviation, packaging, and industrial coatings. Amongst these, the segment of OEM coatings is further segmented into paper and paperboard coatings, coil coatings, radiation cured coatings, powder coatings, appliances coatings, composition board finishing, and wood furniture coatings. OEM coatings are being highly demanded owing to the rising per capita income and changing lifestyles of consumers, as per this report.
The report segments the market on the basis of geography into Asia Pacific, North America, Europe, and Rest of the World (RoW). Amongst these, in 2014, Asia Pacific led the polyester coatings market on the basis of consumption, the maximum demand coming from China. Increasing demand from the construction industry and for hybrid coatings is anticipated to fuel the polyester coatings market within this region. On the other hand, the Europe polyester coatings market is witnessing sluggish growth owing to the stringent environmental regulations here.
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According to the report, the chief players in the market for polyester coatings are The Dow Chemical Company, Momentive Chemicals, AGC Chemicals, BASF SE, Du Pont, Huntsman Corporation, and 3M Company, among others.
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