Scienza e Tecnologia
In-Mold Coatings Market to reach US$ 355 Mn by 2031 with Significant Demand from Automotive & Construction Industry
Furthermore, consistent growth of the construction industry coupled with rising modernization in building and infrastructure development requires complex geometric shapes, which is creating high demand for in-mold coatings in the construction sector.
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According to the Market Research analysis, Omnova Solutions Inc., Akzo Nobel N.V., Fujichem Sonneborn Limited, Adapta Color S.L., Emil Frei GmbH & Co. Kg, Kech Chimie, The Sherwin-Williams Company, Stahl Holdings B.V., Berlac Group, Rasching GmbH, Protech Powder Coatings Inc., Chromaflo Technologies, and Plasti Dip International are identified as key manufacturers of in-mold coatings.
Consistent growth in end-use industries such as automotive, building and construction, and transportation is elevating demand for in-mold coatings. However, coatings are mostly manufactured using solvents. Solvents are mostly derived from refinery operations and petrochemical feedstock.
The coating industry is a major consumer of petrochemical and non-petrochemical feedstock. With fluctuations in crude oil and gas prices, raw material cost also increases, and this will lead to reduction in the profit margins of in-mold coatings manufacturers.
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Persistence Market Research, a research and consulting firm, has published a market research report on the global in-mold coatings market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031.
The report provides an in-depth analysis on the market through different segments, namely, product type, application, resin technology, formulation, coating layer, substrate, physical form, and region. The report also provides supply and demand trends, along with an overview of the parent market.
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