Rising Demand from Construction Sector to Spur Paints and Coatings Industry

10 September 2020: Paints and coatings comprise of organic or inorganic resins and are inseparable when it comes to industrial divisions. They are mainly used to impart decorative and glossy finish to the surface of products such as walls, equipment, metal components, etc. Paints and coatings are mainly applied on the surface to improve the performance as well as durability of the products. They offer high corrosion and abrasion-resistance along with excellent adhesion, which made them advantageous in large application spectrum. 

Waterborne Formulation Type to be a Prominent Sectors for the Paints and Coatings

On the basis of product type, the paints and coatings market is classified into various formulations such as solvent-borne, powder-based, high solids/radiation curing, waterborne, etc. The waterborne formulation product type is expected to be a prominent segment for the paints and coatings industry over the forthcoming period. This development is due to rising demand from numerous applications segments including automobile, furniture, and construction industries. 

The water-based polyurethane formulation is anticipated to develop as the fastest-growing type of water-based resins. This is on account of surging construction expenditure in developing countries of Asia Pacific and consumer inclination toward environmental friendly products. The high usage of these formulations is owing to the solvent-like characteristics of water with no side effects as that of synthetic counterparts. 

The solvent-based formulations are the conventional ones for the production of the finished compositions. Toluene, aliphatic hydrocarbons, xylene, lacquer thinner, etc. are some of the most used solvents in the industry. The solvent-based product has experienced a paradigm shift owing to harmful effects on the environment as of volatile carbon-based complexes in petrochemical solvents. 

The demand for solvent-based coats has changed in the established economies mainly in North America and Europe on account of strict environmental rules and acts for hazardous chemicals. China is the foremost consumer of solvent-borne paints owing to surged in commercial/industrial construction and automotive segments. Key companies are now inclined to shift their consumption from old paints to the green composition at a comparatively higher price. 

Market Insights

In December 2016, acquisition of BASF’s industrial coats by AkzoNobel was one of the key initiatives in the market. BASF had introduced an organic pacifying polymer-based paint that decreases emissions of titanium oxide without recompensing the performance of the product in January 2016.

Leading players effective in the paints and coatings market include PPG Industries; BASF SE; AkzoNobel; Sherwin-Williams Company; Valspar Corporation; Axalta Coating System; Kansai Paint; Nippon Paint Holdings; Jotun Group; and RPM International Inc.

Microencapsulation for Preventing Ingredient Degradation

Microencapsulation is a process in which liquid, solid, or gases may be enclosed in tiny particles by establishment of thin coatings of wall like structure around the ingredient. The technology provides many benefits such as protection of core materials, better handling of ingredients, and controlled release of core ingredient.

Various microencapsulation technologies include coating, emulsion, dripping, and spray technologies are among others. Coating materials such as carbohydrates, lipids, gums and resins, proteins, and polymers are used in the process.

Improving stability of Nutrients

The technique provides value-added structures, which act as a functional ingredient for a several industries such as home and personal care, pharmaceutical and health care products, food and beverages, agrochemicals, textile, construction, and others.

The technology is extensively used in the pharmaceutical industry for masking of taste and odor, protecting drugs from weatherization, reducing particle size to improve solubility of poorly soluble drugs, cell encapsulation, and sustained drug delivery. Acceptance of the technique is high in the U.S. The use of technology in food and beverages industry is likely to rise at a CAGR of 15.0% throughout the study period. Sensitive and fragile materials can be sustained during the processing and packaging conditions by incorporating microcapsules. Microencapsulation provides improvement in nutrition value of food product along with aroma, texture, and taste. For instance, Bega Bionutrients, a part of the Bega Cheese Group based in Australia recently launched a microencapsulated lactoferrin called Inferrin. It can protect lactoferrin from chemical attack by the acids and digestive enzymes in the stomach, while delivering it in the small intestine. Thus, supports healthy immune and digestive system. It finds applications in food and beverages, dietary supplements, life stage nutritional powders, and animal health products.

Furthermore, demand for the technique in construction industry is expected to grow at a CAGR of 14.5% over the projected period. This can be ascribed to growing production of lime, cement, sealants, pigments, biocide coatings, antimicrobial coatings, and phase change materials used in construction.

Market Overview

According to a report published by Grand View Research, Inc.; the global microencapsulation market is anticipated to accomplish a valuation of around USD 19.34 billion by 2025. Increasing use of the technology in pharmaceuticals and several other industries to protect and improve handling core materials can propel the market from 2014 to 2025. Additionally, technological advancements and growing awareness about advantages of the technology can raise the acceptance of the technique in the coming years.

Some of the leading companies operating in the market include Dow Corning Corporation, InnoBio Limited, Bayer AG, Ronald T. Dodge Co., and Reed Pacific Pty Ltd.

Silicone Coating: Heat & Abrasion Resistant

Silicone coatings can be useful in a wide range of applications as they help avoid degradation of materials. They help reduce the loss of heat in several equipment and also offer resistance from dust, water, moisture; thereby, improves their performance and reducing the overall cost of maintenance. These coatings are widely used in industrial applications, consumer goods, building and construction, and automotive and transportation industries.

Material with Anti-corrosive and Electromechanical Properties

The building and construction segment is expected to exhibit the fastest CAGR during the forecast period due to rapid infrastructure development and rising focus on green buildings. In 2016, consumer goods sector accounted for over 30% of the total market share. Silicone provides exceptional gloss-retaining properties and thus are used for coating jewelry and household appliances. In addition, growing consumer disposable income levels is also likely to have a positive impact on the segment growth.

The product demand in industrial applications is likely to grow at an estimated CAGR of 6.1% from 2018 to 2025 (forecast period). Rising focus on improving the operational efficiency of industrial machines, such as heavy duty press, boilers, chimney, pipes, and high temperature solution tanks, would drive segment further. Companies are investing in R&D to introduce advanced solutions. For example, Nanto Paint recently introduced a new biocide-free epoxy-silicone coating for hull applications of marine and yacht with anti-stick properties applicable for a very low friction surface.

Market Overview

According to Grand View Research, Inc., the global silicon coating market is predicted to achieve USD 6.81 billion by 2025. Factors such as increasing demand from industries, such as consumer goods and construction, along with rising use of energy-saving and biodegradable products can drive the market in the coming years. Some of the leading companies in this market are Momentive Performance Materials Inc.; Shin-Etsu Chemical Co.Ltd.; DOW Corning Corporation; Wacker Chemie AG.

Read more @ 

https://www.grandviewresearch.com/industry-analysis/silicone-coatings-market

Trivalent Chromium Finishing – An Eco-Friendly Coating

Trivalent chromium finishing or tri-chrome (Cr+3) finishing is a type of coating used in various industrial sectors due to various properties such as corrosions and wear resistance, durability, and a low friction rate. Decorative and hard chrome finishing are its two major types. Decorative finishing is used in producing components with a high glossy finish, while hard chrome finishing is used in producing complex industrial parts. The directive by the European Commission for End-of-Life Vehicles (ELVs) and creation of environment-friendly coatings to minimize pollution levels has resulted in a rapid shift from hexavalent chromium finishing to tri-chrome coating.

Adherence to Regulations

Major end-users of trivalent chromium finishing are hydraulics, heavy equipment, oil and gas, automotive, aerospace, and others. Among these, the automotive segment accounted for 43.12% of the overall revenue share in 2016. The use of tri-chrome plating for producing decorative pieces on cars coupled with regulations to reduce pollution and minimize vehicle weight are factors expected to fuel the segment demand. Automotive manufacturing hubs, such as Germany, can benefit the most from the use of these coatings.

The aerospace segment is projected to exhibit a healthy CAGR during the forecast period (from 2018 to 2025) owing to high demand for ferrous and non-ferrous components. In addition, increased budgetary spending for space research programs is also expected to drive the segment growth. For instance, ADAMATIS, a U.S.-based advanced materials company, is creating satellite components for pre-treatment and anti-corrosion applications.

Market Outlook

The global trivalent chromium finishing market is projected to reach a valuation of USD 379.1 million by 2025, according to a report by Grand View Research, Inc. High demand for trivalent chromium finishing in automotive, aerospace, heavy machinery, and hydraulic sectors is expected to bode well for the market growth.

Mandatory adoption of these coatings, due to new policies about a suitable substitute for hexavalent chromium finishing, is predicted to spur the market demand over the coming years. Continuous demand for passenger cars and other vehicles is estimated to culminate in high product demand in the forthcoming years. Major market companies in the market are MacDermid, Inc.; Sarrel Group; Ronatec C2C, Inc.; and Kakihara Industries Co., Ltd.

Read more @ 

https://www.grandviewresearch.com/industry-analysis/trivalent-chromium-finishing-market

Printing Inks for High-speed and High-Quality Printing

Printing inks can be utilized in many applications including commercial printing and publication, packaging and labels, corrugated cardboards, and others. Resins such as modified rosin, acrylic, polyurethane, and modified cellulose are used as raw materials in the manufacturing of these inks. The composition of the resins plays a crucial role for the quality of ink produced.

High-quality Printing Solutions

Popular manufacturing processes include lithography/offset, rotogravure, flexography, and digital solutions. Rapidly expanding packaging industry has increased the demand for flexographic, rotogravure, and digital solutions. The lithography process segment accounted for the largest market share, approximately 28%, in the past. It provides greater image quality for smooth and practical surfaces at comparatively low budget. Gravure, also called rotogravure is primarily a high-speed and high-quality printing technique often used for high-volume printing of packaging, gift wraps, greeting cards, printing magazines, advertising pieces, and wallpapers.

Digital and electrostatic printing is an emerging trend in current scenario. Digital process is the fastest-growing segment. It is very different from traditional printing methods and highly preferred due to its cost effectiveness. Industries such as ceramic, textile, and 3D printing are driving the demand for this segment. RUCO Druckfarben recently presented LED screen printing inks, 937LED and 955LED-LM. These inks can be utilized for decorating ceramics, glass, and metals to provide water and chemical resistance.

Market Overview

According to Grand View Research, Inc., the worldwide printing inks market is expected to reach USD 25.83 billion by 2025. Factors such as technological advancements, product innovations, and development of food-safe products are expected to fuel the market growth. Increasing demand for eco-friendly and superior-quality packaging solutions can also propel the product demand during the forecast period (2018 to 2025).

Asia Pacific accounted for the largest market share in 2016 due to growth in applications including packaging, textile, and ceramic printing applications. Some of the leading companies operating in the market are Flint Group; Sakata Inx Corporation; DIC Corporation; Sun Chemicals; and Wikoff Color Corporation.

Read more at: https://www.grandviewresearch.com/industry-analysis/printing-inks-market

Moisture Curing Adhesives for Long-Lasting Rust Protection

Moisture curing adhesives hold coating abilities and are extensively used for protecting various products from moisture. These adhesives can be utilized in numerous end use industries like textile, automotive, construction, wood working, and others. The compounds such as polyurethane, silicone, cyanoacrylate, and polyolefin are broadly used as adhesives. 

Adhesives with High Strength and High-Water Resistance Capability

In 2016, polyurethane appeared as the largest chemistry segment and is expected to continue gaining high market revenue during the forecast period. Polyurethane adhesives comprise high strength and water-resistance capabilities. It can be widely useful in interior as well as exterior construction to achieve durability. Polyurethane load bearing glulam technology is widely accepted in construction sector. Polyurethane holds a high load capacity in terms of tension and compression. It changes shape under heavy load and returns to normal shape as the load decreases.

However, cyanoacrylate is expected to be the largest growing segment in the years to come. cyanoacrylate responds rapidly at room temperature when it encounters with humidity. They can be utilized in various applications including woodworking, household, industrial, and medical uses.

Low Temperature Adhesive

A modern adhesive should have a long shelf life and less curing time, greater durability, and easy installation. DuPont has recently developed a Tyvek Fluid Applied Weather Barrier + System and fluid applied air barrier protection. This product can be utilized in heavy construction projects. Silyl-terminated polyether polymer technology (STPE) is used to develop this product, which is one of the advanced polymer technologies in weather barrier. The product can be used in low temperature up to 25F ambient.

Market Overview

According to Grand View Research, Inc.; the worldwide moisture curing adhesives market is expected to reach USD 7.2 billion by 2025. Rising demand for moisture-curing coating in construction and automotive is predicted to propel the market.

North America represents one of the largest market segments in terms of total share and is estimated to exhibit steady rise during the forecast period (2014 to 2025). Growing construction and wood coating sectors are anticipated to propel the regional growth. However, Asia Pacific is predicted to be the fastest growing market over the forecast period owing to impressive developpment of construction and automotive industries.

Some of the leading companies operating in the market include 3M Company, Royal Adhesives & Sealants, Dymax Corporation, Tosoh Corporation, and Sika AG.

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https://www.grandviewresearch.com/industry-analysis/moisture-curing-adhesives-market/request

Versatility in Demand for Dyes and Pigments

Swiftly increasing population and expendable income are pushing the demand for textiles and food. This swelling demand for food and textiles is expected to magnify the demand for dyes and pigments. To enhance product efficiency, most manufacturing companies are using advanced technologies for removing any environmental pollutants. These advanced chemical compounds are then used in several end-user industries such as construction, plastics, and paints.

Diversity of Dyes and Pigments

Major product-variants of dyes are reactive, acid, direct, VAT, and disperse. In 2016, reactive dyes dominated the market. Such dyes are made from highly colored organic components and are mainly used in tinting textiles. Cotton and rayon are generally colored with reactive dyes owing to its high fading resistance and availability in bright shades. These types of dyes are also used in laser dyes, liquid crystal displays (LCD), and organic LED (OLED).

Key product variants of pigments are organic and inorganic. Organic forms of pigments are generally based on carbon rings and carbon chains. Such pigments have the ability to produce several vibrant colors and carry eco-friendly characteristics. Owing to these highly essential properties, organic pigments are used in cosmetics, coatings, and plastics. Light weight, water resistance, and high tinting strength are some additional properties of organic pigments, which allow them to be used in various end-use industries. For instance, a Montpellier, France-based company – Deinove – has created a bacterial anti-aging skincare product. This product is based on a carotenoid, which is an organic pigment produced by algae and plants. Owing to healing properties and safety of this pigment, Deinove is going to produce and launch its skincare product in 2018. The company has extracted carotenoid using a special kind of vegetable oil.

Market Insights

Fast growing demand for dyes and pigments from multiple end-use industries such as textile, plastics, and construction is anticipated to propel market growth. Rapid economic growth, industrialization, and customers’ ability and willingness to spend are some factors likely to expand the global dyes and pigments market. Moreover, increasing demand for digital printing along with food and beverage consumption can augment market growth over the forecast period. According to a recent report by Grand View Research Inc., the market is anticipated to value USD 46.4 billion by 2025.

Some of the prominent players in the market are Clariant AG, BASF SE, Huntsman Corporation, DIC Corporation, and Sudarshan Chemical Industries Limited.

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https://www.grandviewresearch.com/industry-analysis/dyes-and-pigments-market/request

Membrane Switches to Power Electronic Devices

Membrane switches are a step forward from printed circuit boards. They cater to the growing demand from consumer appliances. Ever expanding applications in smartphones, keyboards, and other electronic devices are expected to spur R&D activities among membrane switch manufacturers.

Membrane Switches:-

These electrical switches are used to cut electrical supply of a particular object. They have the ability to activate or deactivate the circuits. These switches are manufactured using conductive ink on polyester films. They are also known as touch or membrane touch switches. Conductive inks are an integral component in the process of creating printed objects. They can influence the substrates that are used for these switches.

Tactile and non-tactile are the two major types of membrane switches. Tactile switches are used in touch-screen keypads and other such devices. Non-tactile switches find applications in LED indicators and audio devices. Wearable technology is expected to be the next big application area for membrane switches.

Latest Developments:-

Recently, Silicone Dynamics, Inc.; introduced backlights for membrane switches. Backlighting can be used in electroluminescent lamps, optical fibers, and Light-Emitting Diodes (LEDs). Ozone Gaming implemented these switches in their gaming keyboards back in 2015.

Sun Chemical Electronic Materials has announced its partnership with T+ink to produce conductive inks. This business collaboration can help them engage with new consumer base. It can address the demand within smart packaging market. PakSense, a major pharmaceutical company, has introduced sensors in packages and labels for perishable items such as medicines and food products.

Market Overview:-

According to Grand View Research, Inc.; the worldwide membrane switches market is anticipated to attain USD 14.13 billion by 2025. It is expected to grow at a robust CAGR over the forecast period (2014 to 2025). High demand for membrane switches from consumer appliances is the key market driver.

Polyester membrane switches is expected to witness remarkable growth during the forecast period due to versatility. Asia Pacific stood at USD 2.7 billion in 2015. It is anticipated to register around 14.2% CAGR till 2025. Key players operating in the market are Nelson Miller, EPEC LLC, Henkel Corporation, and Molex.

In-Depth research report on membrane switches market:-

http://www.grandviewresearch.com/industry-analysis/membrane-switch-market