Stain Resistant Coatings Market worth 4.60 Billion USD by 2026
The report "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", The global stain resistant coatings market was valued at USD 2.30 Billion in 2015 and is projected to reach USD 4.60 Billion by 2026, at a CAGR of 6.6% between 2016 and 2026.
Browse 133 market data tables and 46 figures spread through 168 pages and in-depth TOC on “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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Increasing income levels, growing middle class population in the Asia-Pacific region, and rising government regulations in Europe and North America focusing on energy efficiency are factors fueling the growth of the global stain resistant coatings market.
The siloxane copolymer-based coatings segment to gain maximum traction during the forecast period
Based on chemistry, the siloxane copolymer-based coatings segment is estimated to account for the largest share of the stain resistant coatings market, in terms of value, in 2016. Siloxane copolymer-based coatings are highly demanded in the developed countries such as the U.S., Germany, and Australia, due to their low VOC content. Siloxane copolymers are increasingly used in industries such as architectural coatings, electronics, and cookware & bakeware, among others due to their easy cleaning applications.
The transportation segment is projected to grow at the highest CAGR during the forecast period
In terms of application, the transportation segment is expected to grow at the highest CAGR between 2016 and 2026, owing to the extensive use of stain resistant coatings in the production of automotive components. In addition, growth in the transportation sector in countries such as China and India has further contributed to the increasing demand for stain resistant coatings.
The Asia-Pacific region is expected to lead the global stain resistant coatings market
Asia-Pacific is the largest market for stain resistant coatings, in terms of value, followed by Europe and North America. China, the U.S., and Germany are the biggest consumers of stain resistant coatings. Availability of raw materials & cheap labor and significant domestic demand for stain resistant coatings are factors contributing to the growth of the Asia-Pacific stain resistant coatings market. The growth of stain resistant coatings market in North America is expected to be driven by the U.S., especially by its architectural coatings and electronics applications. Government regulations in Europe and North America that focus on energy efficiency, will continue to be a key factor propelling the adoption of innovative and low-pollution coating technologies, such as stain resistant coatings.
The key players considered in the report are:
- PPG Industries (U.S.), Inc.
- Akzo Nobel N.V.
- E. I. Du Pont de Nemours and Company
- The Dow Chemical Company
- The 3M Company
- The Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
- BASF SE
- Axalta Coating Systems
- The Chemours Company
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