After the industrial revolution, paints & coatings were recognized as a potential market and became an imperative part of the manufacturing industry. Currently, the paint & coating industry is a major contributor to the economic growth of several countries, such as India, China, and ASEAN, among others. From manufacturing to housing, paints, and coatings are used in a wide variety of sectors to provide protection and decoration and to extend the life of products.
The size of the global paint and coatings market was predicted to be over 160 billion dollars in 2021. The market value of the industry is anticipated to hit 235 billion US dollars by 2029. In addition to the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets, the construction industry is the key driver of market growth.
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GLOBAL POLYACRYLATES MARKET SEGMENTATION
The global Polyacrylates market can be segmented on the basis of product type, modification and application.
On the basis of product type,:
- Methyl Acrylate
- Ethyl Acrylate
- Butyl Acrylate
- Others
On the basis of function,:
- Thickening Agent
- Adhesive
- Binder
- Other
On the basis of modification,:
- Silicon Modified
- Organic fluorine Modified
- Polyurethane Modified
- Epoxy resin Modified
- Other
On the basis of end use,:
- Paint & Coating
- Adhesives & Sealant
- Automotive
- Leather
- Plastic
- Printing Ink
- Others
The study covers the following regions:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
While crafting this report, analysts have considered all changes that occurred in the Polyacrylates market due to the COVID-19 pandemic. Regulatory bodies of the various regions including developed and developing countries are presently working on the introduction of new regulations. These regulations will help countries to handle the ongoing macrocosmic distress owing to the COVID-19 outbreak in all those locations. Thus, the study presented in this report will work as an important source of data on various vital factors such as the shifting government policies owing to COVID-19 disruptions.
The data presented in the report on the global Polyacrylates market is helpful for important stakeholders such as industry players, investors, and policymakers. This data is intended to assist them in deciding their next strategies to deal with the impact of recent COVID-19 pandemic and continue gaining prominent revenues in the market for Polyacrylates. Thus, the report helps new entrants and established companies who aim to become prominent organizations in the post-COVID period.
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