Global Organic Coatings Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 16 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Organic Coatings market industry is poised to raise USD XXX billion by 2025. The market growth is primarily attributed to rising environmental concerns and increasing demand for green materials. The sustainable nature of organic coatings has led to increased adoption across end-user industries such as automotive and building & construction. Apart from being an eco-friendly substitute of Inorganic Coatings, organic Coatings offer several benefits over the inorganic coatings such as cost effectiveness, longer sustainability in moisture, and so on. However, the lower heat resistance of organic coatings is expected to pose as a restraint for the market growth.
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Global Organic Coatings Market Size Study By Type (Dry Film Lubricants, Xylan Coatings, and Others), By Application (Automotive, Aerospace, Defense, Maritime, Electricals, and Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Hi-Tech Metal Finishing, Plating Technology, Anochrome Group, DeKalb Metal Finishing, Sherwin Williams Co., Vacuumschmelze GmbH & Co. KG, BASF SE, Organic Coatings Ltd., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Dry Film Lubricants
- Xylan Coatings
- North America
- Asia Pacific
- Latin America
- Rest of the World