Persistence Market Research
Liquid Coatings Market: Introduction
Liquid coatings, also referred to as wet coatings, are majorly used where powder coatings are not applicable to provide finishing to products as well as assembled components and parts. Liquid coatings also provide noise control, corrosion and chemical resistance, wear resistance and non-stick, abrasion resistance. Liquid coatings have material efficiency of around 35%. They give a decorative look to the surface on which they are applied and protect the surface from rust and damage, such as scratches, etc. Liquid Coatings are generally applied using a spray equipment to create a uniform thickness of the paint layer.
Liquid Coatings Market: Market Dynamics
Liquid coatings can be applied on very thin layers and on any substrate, such as plastic, wood, etc. These coatings provide a smooth surface finish. Liquid coatings are widely used in areas where high temperatures are a commonality. Equipment used for applying liquid coatings are cheaper than powder coating equipment. The aforementioned properties of liquid coatings are expected to make the market grow at a substantial rate during the forecast period.
The growth in construction activities and electronic industry in Asia Pacific, especially in China, is estimated to fuel the demand for Liquid coatings during the forecast period. This, coupled with increasing investments by the government of China, India etc. on military equipment will further add to the growth in consumption of liquid coatings during the forecast period.
However, in comparison to powder coatings, liquid coating have some disadvantages, such as they are less durable, ecofriendly, take more time to get cured, etc. These factors are expected to act as restraints for the growth of the liquid coating market during the forecast period. In comparison to powder coatings, all liquid coatings contain solvents including 100% solids liquid coatings. That apart, liquid coating can prove to be hazardous for the spray operator, inferior and multiple coats must be applied to achieve the required firm thickness. Some liquid coatings also contain VOCs of (Theoretical) ASTM D 3960, i.e. 4.4 to 4.8 pounds per gallon, etc. Thus, these factors are expected to act as restraints to the growth of the liquid coatings consumption, thereby de-accelerating the growth of Liquid coatings market during the forecast period.
Liquid Coatings Market: Market Segmentation
The Liquid Coatings market can be segmented on the basis of Coating Layer into:
The Liquid Coatings market can be segmented on the basis of Resin Type into:
The Liquid Coatings market can be segmented on the basis of Coating Technology into:
The Liquid Coatings market can be segmented on the basis of Application into:
Liquid Coatings Market: Regional Outlook
The Asia Pacific is expected to witness robust growth in the Liquid Coatings Market, which can be attributed to the increasing number of paints and coatings manufactures as well as expansion of manufacturing facilities by coating manufacturers in emerging economies, such as China, India etc.
North America and Europe are expected to witness significant growth in the Liquid coatings market during the forecast period owing to the increasing application of liquid coatings in medical automobiles and military applications, etc.
Middle East & Africa (MEA) and Latin America is estimated to witness growth in consumption of Liquid coatings during the forecast period owing to various advantages of liquid coatings, such as exact color matching, more resistance to heat and sunlight, can be applied on any kind of substrates, etc.
Liquid Coatings Market: Key Participants
Examples of some of the key participants operating across the value chain of the Liquid Coatings Market are:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.