Press release
How the Global Liquid Coating Market is Projected to Grow During 2017 - 2025
Liquid Coatings Market: Market Dynamics
Liquid coatings can be applied on very thin layers and on any substrate, such as plastic, wood, etc. These coatings provide a smooth surface finish. Liquid coatings are widely used in areas where high temperatures are a commonality. Equipment used for applying liquid coatings are cheaper than powder coating equipment. The aforementioned properties of liquid coatings are expected to make the market grow at a substantial rate during the forecast period.
The growth in construction activities and electronic industry in Asia Pacific, especially in China, is estimated to fuel the demand for Liquid coatings during the forecast period. This, coupled with increasing investments by the government of China, India etc. on military equipment will further add to the growth in consumption of liquid coatings during the forecast period.
However, in comparison to powder coatings, liquid coating have some disadvantages, such as they are less durable, ecofriendly, take more time to get cured, etc. These factors are expected to act as restraints for the growth of the liquid coating market during the forecast period. In comparison to powder coatings, all liquid coatings contain solvents including 100% solids liquid coatings. That apart, liquid coating can prove to be hazardous for the spray operator, inferior and multiple coats must be applied to achieve the required firm thickness. Some liquid coatings also contain VOCs of (Theoretical) ASTM D 3960, i.e. 4.4 to 4.8 pounds per gallon, etc. Thus, these factors are expected to act as restraints to the growth of the liquid coatings consumption, thereby de-accelerating the growth of Liquid coatings market during the forecast period.
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Liquid Coatings Market: Market Segmentation
The Liquid Coatings market can be segmented on the basis of Coating Layer into:
Primer
Base coat
Top coat
Clear Coat
The Liquid Coatings market can be segmented on the basis of Resin Type into:
Polyurethane
Acrylic
Alkyd
Polyester
The Liquid Coatings market can be segmented on the basis of Coating Technology into:
Solvent Borne
Water Borne
UV Cure
The Liquid Coatings market can be segmented on the basis of Application into:
Machinery and Parts
Automotive
Electronics
Construction
Medical
Military
Optical
Others
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Liquid Coatings Market: Regional Outlook
The Asia Pacific is expected to witness robust growth in the Liquid Coatings Market, which can be attributed to the increasing number of paints and coatings manufactures as well as expansion of manufacturing facilities by coating manufacturers in emerging economies, such as China, India etc.
North America and Europe are expected to witness significant growth in the Liquid coatings market during the forecast period owing to the increasing application of liquid coatings in medical automobiles and military applications, etc.
Middle East & Africa (MEA) and Latin America is estimated to witness growth in consumption of Liquid coatings during the forecast period owing to various advantages of liquid coatings, such as exact color matching, more resistance to heat and sunlight, can be applied on any kind of substrates, etc.
Liquid Coatings Market: Key Participants
Examples of some of the key participants operating across the value chain of the Liquid Coatings Market are:
Axalta Coatings System
Spencer Coating
ACME Finishing
Jet Finishers, Inc.,
STP Performance Coating LLC.
Alpha Engineered Composites
Cardinal,
Industrialex Manufacturing
PPG
AKZO NOBEL
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