Dow Chemical and PPG Industries, Inc. are Leading players in Stain Resistant Coatings Market
The global stain resistant coatings market is projected to grow from USD 2.43 Billion in 2016 to USD 4.60 Billion by 2026, at a CAGR of 6.6% during the forecast period. Increase in construction activities worldwide and rise in government regulations in Europe and North America that focus on energy efficiency are fueling the growth of the global stain resistant coatings market
The stain resistant coatings market is expected to witness significant growth between 2016 and 2026, in terms of value. Key players in the stain resistant coatings market include PPG Industries (U.S.), Inc., Akzo Nobel N.V. (Netherlands), E. I. Du Pont de Nemours and Company (U.S.), The Dow Chemical Company (U.S.), and The 3M Company (U.S.). These players have emphasized and adopted various strategies to expand their global presence and increase their market share. Expansions, agreements, joint ventures, and new product launches are some of the major strategies adopted by market players to enhance their presence in the global stain resistant coatings market.
Over the past few years, growth of the global stain resistant coatings market has been largely influenced by the strategy of expansions. New product launches and mergers & acquisitions are other significant strategies adopted by leading players in this market in 2015. Companies adopted these strategies to enhance their revenue and gain a competitive edge over their peers.
The Dow Chemical Company is one of the leading players in the global stain resistant coatings market. The company’s performance materials & chemicals business segment has maintained a strong global presence over the past few years. It has adopted new product launch as a key development strategy to accelerate its growth in this market. In April 2014, the company launched MAINCOTE IC Acrylic Resins, in addition to other resins and polymers, such as EVOQUE Pre-Composite Polymer and PARALOID Resins, among others.
PPG Industries, Inc., another key player in the global stain resistant coatings market, adopted expansions as a key growth strategy. In 2015, the company expanded its coatings plant in countries such as Spain and Germany, which resulted in significant increase in the annual production of stain resistant coatings in the European region. PPG Industries, Inc. offers stain resistant coatings across major applications such as architectural, textiles, transportation, and electronics. The company utilizes resin and pigment technologies to manufacture stain resistant coatings.
Related Reports:
Stain Resistant Coatings Market by Chemistry (PTFE, PFA, ETFE, PVDF, Siloxane Copolymers) Technology (Water-Based, Solvent-Based) Application (Architectural Coatings, Cookware & Bakeware, Electronics, Transportation), and Region - Global Forecast to 2026
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