Chlorinated Rubber Coatings Market to Grow at a Steady Rate During Forecast Period
Growth in infrastructural
sector to drive global chlorinated rubber coatings market during the forecast
period
According to
TechSci Research report, “Global Chlorinated
Rubber Coatings Market By Type, By Application,
By Region, Competition, Forecast & Opportunities, 2024”, the global chlorinated rubber coatings market is expected
to grow at a steady CAGR during the forecast period. Chlorinated rubber
coatings are witnessing adoption in various end user industries since they are
non-inflammable, chemically stable, water & corrosion resistant and provide
good adhesion. However, growing environmental
regulations are likely to hamper the growth of the market during forecast
period.
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The global
chlorinated rubber coatings market is segmented based on type, application, region
and company. Based on type, the market can be segmented into paints, lacquers,
adhesives and printing inks. Paints and Adhesives segments are expected to hold
the largest share during forecast period attributable to the growing
investments in infrastructure development.
PPG Asian Paints
Private Limited, Promain Co Ltd, Pragati Paints & Allied Products, Firwood
Paints Ltd., Covestro AG, Interquad Group Ltd, Spencer Coatings Group Ltd, Kelley
Technical Coatings, Inc., RAMUC Pool and Deck Paint, Shanghai NH Trade Co.,
Ltd., and others are some of the leading players operating in global chlorinated rubber
coatings market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“Europe is
expected to be the largest region in global chlorinated rubber coatings market
during the forecast period followed by Asia-Pacific. Growing product applications of chlorinated
rubber coatings,
particularly in traffic paints is expected to provide lucrative opportunities
to the manufacturers in Europe. Asia-Pacific is also anticipated to witness growth
in the coming years as European chlorinated rubber manufacturers have been
procuring raw material, natural rubber, from various countries in Asia-Pacific
region, thereby fuelling growth in the region’s chlorinated
rubber coatings market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Chlorinated Rubber Coatings Market By Type, By Application, By Region, Competition,
Forecast & Opportunities, 2024” has evaluated
the future growth potential of global chlorinated rubber coatings market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global chlorinated rubber coatings market.
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