Anthony Locicero, Associate Editor04.12.19
Market growth is expected to be fueled by industries such as building and construction, packaging, general industrial automotive, marine, aerospace, and furniture, per MarketsandMarkets.
The polyurethane segment is projected to account for the largest share of the coating resins market, according to MarketsandMarkets. Additionally, the automotive coatings segment is projected to be the fastest-growing end-use industry, the research firm reported.
Balancing demands with risings costs
Despite observed growth by industry experts, rising costs and raw material shortages continue to be an issue.
Regulatory environments are getting stricter, according to Phil Robinson, market segment manager, General Industrial, BASF.
“Rising costs and raw material shortages are hardly new occurrences in the coating industry,” said Eric Dumain, global marketing director for liquid resins at Arkema. “The supply chain in many feedstock-to-end-user flows remains fragile.”
The polyurethane segment is projected to account for the largest share of the coating resins market, according to MarketsandMarkets. Additionally, the automotive coatings segment is projected to be the fastest-growing end-use industry, the research firm reported.
Balancing demands with risings costs
Despite observed growth by industry experts, rising costs and raw material shortages continue to be an issue.
Regulatory environments are getting stricter, according to Phil Robinson, market segment manager, General Industrial, BASF.
“Rising costs and raw material shortages are hardly new occurrences in the coating industry,” said Eric Dumain, global marketing director for liquid resins at Arkema. “The supply chain in many feedstock-to-end-user flows remains fragile.”
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