The Global Water-based Alkyd Coatings Market Research Report Forecast 2018-2023: is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global water-based alkyd coatings market is projected to grow at a significant rate during the forecast period, 2018-2023. Asia-Pacific is expected to hold the largest share of the market owing to the increasing residential construction in China and India. Architectural end-user accounts for the largest share of the market.
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Companies Mentioned are:
PPG Industries, Akzo Nobel N.V., The Sherwin-Williams Company, RPM International, Nippon Paints, Axalta Coating Systems Ltd, LLC, National Paints Factories Co. Ltd., Kansai Paints Co. Ltd, Jotun A/S, Tikkurila Oyj, Materis Paints (Cromology), DAW SE, Hempel, Brillux GmbH & Co. KG
Shift from Solvent-based Coatings to Water-based Coatings
The large number of regulations pertaining to the use of solvent-based coatings, owing to the adverse impact it has on the environment, has led to a shift to water-based coatings among major players. Even though the water-based coatings are assumed to take more time to dry, certain methods involving the use of microwave technology has led to the significant reduction of drying time.
Architectural End-user Holds Largest Share of the Market
The construction industry is by-far the largest consumer of water-based alkyd coatings. With a rising number of building codes that promote eco-friendly and energy-efficient structures, home builders and consumers are gradually moving toward building strategies that deliver performance and energy savings in the long run. With a consistent economic growth in the Asian countries, such as India, China, Indonesia, Thailand, Malaysia, and Singapore, the demand for construction of new buildings, both commercial and residential, is consistently increasing, which, in turn, is increasing the demand for water-based alkyd coatings in the region.
Asia-Pacific to Dominate the Market
Chinas transport ministry and National Development and Reform Commission (NDRC) has planned to invest USD 724 billion during 20162018 to construct 303 vital transportation projects, including railways, highways, waterways, airports, and urban rail. Under the 13th five-year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. The Indian government has declared a target of USD 376.5 billion investment in infrastructure over a period of three years, including USD 120.5 billion for developing 27 industrial groups, and USD 75.3 billion for road, railway, and port connectivity projects. All these factors are set to propel the growth of the market in the region.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Water-based Alkyd Coatings Market these regions, from 2018 to 2023 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
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Analyzing various perspectives of the market with the help of Porters Five Forces Analysis.
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Countries expected to witness the fastest growth during the forecast period.
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Influence of the Water-based Alkyd Coatings market report:`
-Comprehensive assessment of all opportunities and risk in the market.
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-Detailed study of business strategies for growth of the market-leading players.
-Conclusive study about the growth plot of Water-based Alkyd Coatings market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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