The coatings raw materials market will register a CAGR of more than 4% by 2023

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Jan 09, 2019, 16:05 ET

LONDON, Jan. 9, 2019 /PRNewswire/ -- About this market
The increasing preference for water-based ink technology has been a major driving factor for the market's growth. Coatings raw materials such as resins, solvents, pigment and fillers, and binders are used in the printing industry to make printing inks, especially black ink, which exhibits good dispersibility properties for plastic film and molding applications. The presence of these raw materials in printing inks improves smoothness, enhances gloss, and augments scratch resistance. Therefore, the growing production of printing inks will drive demand for coatings raw materials during the forecast period. Technavio's market research analysts have predicted that the coatings raw materials market will register a CAGR of more than 4% by 2023.

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Market Overview
Increasing demand for alkyd resins in paints and coatings
Alkyd resins are polyester- based materials that are usually modified with oil or fatty acids. Alkyd resins are used to manufacture protective coatings as they can significantly enhance the weathering properties to protective coating.
Stringent VOC regulations
VOC's are chemicals that vaporize at room temperature to cause ground- level air pollution. In countries such as US, stringent regulations are in place on the use of paints and coatings that harm the environment. Such regulations in the use of VOC;'s will have a negative impact in the market.
For the detailed list of factors that will drive and challenge the growth of the coatings raw materials market during the 2019-2023, view our report.

Competitive Landscape
The coatings raw materials market is fragmented owing to the presence of several established and regional vendors. Factors such as the advances in water-based ink technology are supporting the market's growth. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies

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