Stain Resistance Coatings Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1724
Stain Resistance Coatings Market size will witness a healthy growth owing to its application in textile softeners & repellents, cookware & bakeware, architectural coverings, electronics and transportation industries. Rapid development and urbanization in emerging economies will create positive impact on the product market.
Over the recent years, stain resistance coatings market has received a remarkable contribution from automotive & transportation segments owing to its high-performance characteristics. Continuous research and development operations and growing opportunity for new applications in various industries will augment the market growth. Other key indicators will be rapid development and urbanization in emerging economies, in turn, creating a positive impact on the product market.
These coatings offer energy efficacy coupled with diminished maintenance costs, which make them attractive for several engineering applications. This product finds widespread usages in end-user industries which include automotive, textile and electronics. Significant growth of these industries is, in turn, offering a zest to the stain resistance coatings market. Moreover, the need for enhanced product for architectural coverings, growing urbanization, and the necessity for energy-efficient constructions will be the additional contributors to the industry growth during the forecasted years.
External covering is generally applied to the outer surface of the metal object to protect them from rusting, corrosion and other types of wear & tear. These products have high stain resistance and are applied to metals to enhance the maintenance time and lifespan of such machinery and constructions.
Based on polymer, stain resistance coatings market is segmented into ETFE, polytetrafluoroethylene, PVDF, perfluoro alkoxy polymer and siloxane copolymers. Amongst, siloxane copolymer coatings holds a major market share due to its extensive use in several industries including, electronics, cookware, bakeware and architectural coverings owing to their easy cleaning property. These products are substantially needed in emerged economies which include Germany, U.S and Australia attributed to their low VOC emissions.
Based on technology, stain resistance coatings market is divided into water based and solvent based. The solvent based method is widely accepted and is forecasted to grow vigorously during the forecasted period due to its low-cost process involved in application along with, instant waterproofing protection after application. However, water based method is also expected to grow in the estimated time due to stringent rules and regulations made by the government on VOC emission from paints.
On the basis of the application, stain resistance coatings market is classified into textile softeners & repellents, cookware & bakeware, automotive & transportation and electronics. Among them, cookware & bakeware and shipping & automobile sectors are major contributors to product market.
Europe is another prominent stain resistance coatings market, attributed to improved government safety standards on eco-friendly products have increased the consumption of such layering in architectural and automotive sector. The region is dominated by Germany for being the centre of automotive industry due to growing demand for product in numerous automobile parts to protect them from abrasion and wear & tear.
Asia-Pacific is the fastest growing stain resistance coatings market. Easy accessibility of raw materials and cheap land & labour are significant factors contributing to the growth of stain resistance coatings market. Emerging economies like India and China will witness a high demand in product market due to rapid industrialization and urbanization in the region.
MEA, led by UAE and Saudi Arabia has significantly diversified their markets from an oil based industry to a flourishing tourism based industry. Major players have invested in large-scale construction projects over last decade. Increasing construction and industrial activities in Qatar and Jordan are expected to foster the market size. The region will create enormous opportunities for stain resistance coatings market owing increase in construction activities in both commercial and residential sectors in the region during the forecasted region.
Several market leaders in stain resistance market are focusing on developing new product to acquire a larger market share. Some prominent vendors who have marked their presence across the globe are PPG, DuPont De Nemours, AkzoNobel, Sherwin Williams, Nippon Paint Holdings, BASF, Axalta, The Chemours Company and Dow Chemical Company.
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