Starch and fermentation products will advance the most rapidly of all natural polymers through
2020, with polylactic acid (PLA)
accounting for much of the growth. As
capacity increased over the past several
years, PLA is one of the few natural poly-
mers that has exhibited declining prices.
This has been a boon for the packaging
segment, which represents by far the lead-
ing outlet for PLA resins. According to
analyst Larry Catsonis, “Hyaluronic acid
will also support starch and fermentation
products’ gains, as it continues to be used
to relieve joint pain in orthopedic injec-
tions and will also gain market share from
collagen as both a dermal and topical tis-
sue filler in cosmetic applications.”
The food and beverage industry will
relinquish its spot as the largest outlet for
natural polymers to the medical industry
in the forecast period. The growth will be
driven by strong demand from collagen in
wound care applications as well as cellu-
lose ethers used in pharmaceuticals. Also,
oil and gas production followed product
price declines into 2015, which led to less
demand for oilfield natural polymers, es-
pecially guar gum.
Abrasion Resistant Coatings
Market Worth $8.46
Billion by 2021 - Growing
Innovation & Development -
Research and Markets
Research and Markets has announced
the addition of the “Abrasion Resistant
Coatings Market - Global Trends &
Forecasts to 2021” report to their offering.
The abrasion resistant coatings market size is estimated to reach $8.46 billion by 2021, at a CAGR of 6. 3 percent
between 2016 and 2021.
The metal/ceramic abrasion resistant
coatings segment is estimated to be the
fastest-growing type in the abrasion resistant coatings market. The rising demands for abrasion resistant coatings
with excellent chemical and corrosion
resistant properties drive this segment in
the abrasion resistant coatings market.
Ceramic coatings are inert to acid and
alkali actions and, therefore, are very
tough in nature. Oxide ceramic coatings
are electrically insulated and applied on
substrates using thermal spray technique
to protect from abrasion and corrosion.
In 2015, North-America dominated
the abrasion resistant coatings market
due to rapidly expanding marine and
power generation industries. The Asia-
Pacific region is projected to register the
highest growth rate, both in terms of
value and volume, owing to high demand
from China and India. China is the sec-
ond-largest market for abrasion resistant
coatings, globally, with major demand
coming from the oil and gas industry.
Growing innovation and development
and rising demand in the industrial sector for novel and improved products are
directly driving the rise in the use of abrasion resistant coatings. Significant growth
and innovation, along with industry
consolidations, are projected to entail a
bright future for the market in the region.
Automotive Refinish
Coatings Market Worth
$14.88 Billion By 2024:
Grand View Research, Inc.
The global automotive refinish coatings
market is expected to reach $14.88 billion
by 2024, according to a new report by
Grand View Research, Inc., a U.S. based
market research and consulting company,
headquartered in San Francisco.
Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of
vehicles will fuel market growth over the
next eight years. Furthermore, aging of
vehicles, rising demand for repair, maintenance, and aftermarket modifications
will augment product demand over the
forecast period. The waterborne technology was valued at $3.40 billion in 2015
and is expected to witness significant
rise on account of excellent heat resistance, adhesion, and abrasion properties.
Furthermore, its advantage over solvent
borne coatings including less toxicity, less
flammability, and reduction of air emissions will propel market growth over the
forecast period.
The basecoat is expected to witness
significant revenue rise at a CAGR of 6. 9
percent from 2016 to 2024 over the forecast period as it provides color, decorative
effects and exterior aesthetic to vehicles.
Increasing demand for solid basecoats in
motorcycles, trucks and cars owing to the
ease of application coupled with basic
color effect will increase industry size.
Further key findings from the report
suggest:
• Global automotive refinish coatings
market demand was 916.4 kilo tons
in 2015 and is expected to witness
high gains in light of growing vehicle
sales in China, India, and Mexico.
• Acrylics was a prominent segment
and accounted for 21.1 percent of
the overall volume in 2015. The
product will show growth in light
of its high usage in waterborne technology. Furthermore, superior properties including resistance to stain,
blistering, cracking, and extreme
temperatures will fuel its demand
over the forecast period.
• North America accounted for 22. 8
percent of the global revenue share
in 2015 and is expected to witness
significant gains in light of growing
need for repair, maintenance, and
customization over the upcoming
years.
• Latin America will witness significant revenue growth at a CAGR of
6. 6 percent from 2016 to 2024 as a
result of increasing automotive vehicle sales in Argentina, Brazil, and
Columbia. Prevalence of road accidents along with the growing trend
of recreational vehicles in Brazil will
fuel industry expansion.
• Automotive refinish coatings industry is dominated by key participants
including BASF, Axalta Coating
Systems, PPG Industries, AkzoNobel
and Sherwin-Williams. Ongoing
product development by various
companies to manufacture high-performance and cost-efficient coatings
is expected to augment product consumption over the next eight years.
• In December 2015, PPG Industries
in collaboration with Asian Paints
introduced product line of environment base high performance
waterborne automotive refinished
paint in Sri Lanka to expand the
customer base. CW
