Hydroxyl acrylic resins are considered one of the vital components of chemical resistant and industrial coatings. These resins are primarily used in chemical coatings, as they offer better resistance properties and have high solid content and low viscosity. Generally, hydroxyl acrylic resins are cured at significantly elevated temperatures. Key properties of hydroxyl acrylic resins include excellent light reflectivity, hardness, storage stability, corrosion resistance, and improved alkali resistance. Other important features of hydroxyl acrylic resins include cost effectiveness, fast air drying and early hardness, VOC compliance, and fast curing response. When cross-linked with melamine or epoxy resin, they provide an excellent barrier to solvents, humidity, salt, acid, oils, impact, abrasion, and wear. Major applications of hydroxyl acrylic resins include car refinish, commercial vehicles, general metal, processing facilities, production facilities, restrooms, kitchens, aircraft hangars, freezers and warehouses
Rapid expansion in the automobile industry is a key factor driving the global hydroxyl acrylic resins market. These resins are used in automotive OEM and refinishing applications as metallic base coats and pigmented top coats. Increase in demand for these resins in the marine industry is another prominent factor boosting the hydroxyl acrylic resins market. Hydroxyl acrylic resins are used as protective coatings in the marine environment to protect ships, vessels, tankers, and other materials from the surrounding saline water. Rise in demand from the building & construction sector is also augmenting the global hydroxyl acrylic resins market, as these resins are used as components in flame retardant paints in building & construction applications. Hydroxyl acrylic resins are employed as the primary binders in acrylic systems or blended with other resins to improve weather resistance and clarity.
Based on grade, the global hydroxyl acrylic resins market can be segmented into general grade and high performance grade. High performance hydroxyl acrylic resins are preferred for structures that need to be protected in the highly risky environment such as marine and aerospace. In terms of application, the hydroxyl acrylic resins market can be divided into automobiles, aerospace, marine, and building & construction. The automobile segment can be sub-categorized into car refinish and topcoats. Similarly, the building & construction segment can be classified into processing facilities, production facilities, restrooms, kitchens, aircraft hangars, freezers and warehouses
The global hydroxyl acrylic resins market expanded at a moderate pace in 2016. This trend is expected to continue during the forecast period. In terms of geography, the hydroxyl acrylic resins market can be segregated into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. The hydroxyl acrylic resins market in Asia Pacific is projected to expand at a significant pace owing to the rapid urbanization, advancements in the automobile industry, and infrastructure development in countries such as China, India, and those in the ASEAN sub-region. Demand for hydroxyl acrylic resins in North America and Europe is anticipated to remain high in the near future owing to the rise in demand for these resins in marine and space sectors. Advancement in various technologies is anticipated to boost the hydroxyl acrylic resins market in Europe in the next few years. Rapid industrialization and developmental activities in Middle East & Africa, particularly in the construction sector, are likely to fuel the hydroxyl acrylic resins market in the region. Presence of emerging economies in Latin America and expanding construction and automobile industries are projected to augment the hydroxyl acrylic resins market
Key players operating in the global hydroxyl acrylic resins market include BASF SE, The Dow Chemical Company, and Arkema Group.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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