- The key vendors in the global emulsion coatings market 2015-2019 are AkzoNobel, Asian Paints, Nippon Paint Holdings, PPG Industries, Sherwin-Williams and Valspar
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global emulsion coatings market 2015-2019. Advances in technology are one of the key trends emerging in the market. The emulsion industry has benefited from various advances in technology in recent years. Vendors in the global latex industry are developing latex products with increased performance characteristics. This has resulted in increased application of latex in various industrial and maintenance coatings The global emulsion coatings market is expected to grow at a CAGR of 4.81% in terms of revenue and 5.98% in terms of volume during the forecast period of 2014-2019.
The infrastructure and automotive industries are the major end-users of emulsion coatings, consuming more than 50%, globally. Moreover, the immense growth opportunities in the industries especially in emerging economies such as China, India, and Malaysia will open up huge opportunities in the market during the forecast period. The increased and newer applications of emulsion coatings in the automobile industry will also open up opportunities in the market.
“Nowadays, governments are focusing more on people’s health concerns, which has forced vendors to introduce PU-based coatings that have less impact on the environment,” says Faisal Ghaus, Vice President of Technavio Research.
“These coatings have many properties such as protection from severe stone damage, high electrical insulation, vibration-resistance, noise reduction, and anti-corrosive properties, therefore creating huge demand for PU-based coatings worldwide.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
