DUBLIN--(BUSINESS WIRE)--The "Global Emulsion Coatings Market - Segmented by Resin, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Among ASEAN countries Indonesia has a major share of emulsion coatings market, the country has been experiencing robust growth in the construction sector, due to Indonesian government's infrastructure and housing projects. Indonesia region is experiencing growth in the middle-class economy, which is the driving factor for the construction sector, which is owing to increase the demand for paints & coatings in the region. In 2016, Indonesian Ministry of Public Housing began to construct 0.2 million affordable houses for low income earning people, which is one of the factors boosting the demand for emulsion coatings market in the emerging economies.
Acrylic coatings constitute about 30% of the overall emulsion coatings market. Acrylic emulsion coatings are highly hydrophobic, alkali resistant, corrosion resistance, and durable. Due to these characteristic properties, they are used in construction applications, such as tanks, bridges, structural steel, concrete structures, and railcars.
The United States accounted for the largest market share of emulsion coatings in the world, followed by China. Growing infrastructure in the United States, which is one of the major consumer of emulsion coatings.
The office space market in the country is estimated to grow by almost 10%, in the coming years. This is creating a surge in the commercial construction sectors. On the other hand, the housing sector in the country is also rising since 2016, after a downfall in the output. These factors are supporting the growth of the construction industry in the country.
- Akzo Nobel
- Berger Paints
- Chugoku Marine Paints
- Kansai Paints
- Nippon paint
- RPM International
- Sherwin Williams
- Wacker Chemie
- Yip's Chemical
- Yung Chi Paint & Varnish Mfg. Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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