Organic Coating Market: Introduction
Organic coating is a type of coating whose ingredients are derived from either vegetable or animal matter. These coatings are rich in hydrocarbon. Organic coatings are used to provide additive type finishes on materials on which they are applied. These coatings enable to change the surface properties of substrate such as adhesion, wettability, corrosion resistance, and wear resistance.
Organic coatings are applied on metallic materials for protection against corrosion. These coatings improve the durability and stability of metal surface. The organic coating market has been expanding owing to the rise in environmental concerns and increase in demand for green materials. Organic coatings are sustainable. This has led boosted the adoption of these coatings in end-user industries such as automotive and building & construction. Apart from being an eco-friendly substitute of inorganic coatings, organic coatings offer several benefits such as cost effectiveness and longer sustainability in moisture. However, the lower heat resistance of organic coatings is expected to act as a restraint of the organic coating market.
Organic Coating Market: Segmentation Outlook
The global organic coating market can be segmented based on type, end-user industry, and region. In terms of type, the organic coating market can be classified into waterproof coatings, steel coatings, dry film lubricant coatings, and Xylan Coatings. The waterproofing coatings segment can be sub-segmented into liquid waterproof coatings and dry waterproof coatings. Waterproof coatings are primarily used in building & construction activities. Asia Pacific using majority amount of waterproofing organic coatings & the coating market is growing with increase in population & migration especially in India due to urbanization. Steel coatings are used in oil & gas, building & construction, transport, and automotive industries. The steel coatings segment is expected to maintain its dominance during the forecast period due to expansion in oil & gas and building & construction industries.
Xylan coatings is a family of fluoropolymer coatings designed for original equipment manufacturers. Most Xylan coatings contain PTFE or other types of lubricants. These coatings are applied in thin films. Xylan coating is a dry film lubricant. It is used in coating of nuts and bolts.
Based on end-user industry, the organic coating market can be segregated into automotive, aerospace, construction, oil & gas, and are using metals. Over the metal surface organic coatings are applied, to prevent corrosion, improve durability and stability of metal surface. So, oil & gas and construction has high demand simultaneously increase in organic coating market.
Organic Coating Market: Regional Outlook
Based on region, the global organic coating market can be split into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. In terms of revenue, Asia Pacific is expected to hold major share of the market during the forecast period. China dominates the market in the region due to the increase in number of oil and gas activities and growth in infrastructure in the country. China also has large automotive industry, which needs novel technologies in coatings. From 2018, the Chinese automotive sector witnessed the increase in use of New Energy Vehicles (NEVs). China led the production of NEVs, thus making the country open to international automobile manufacturers.
Organic Coating Market: Key Players
The global organic coating market is fragmented. Large numbers of companies operate at global and regional levels. Prominent companies include Hi-Tech Metal Finishing, Plating Technology, Anochrome Group, DeKalb Metal Finishing, Sherwin Williams Co., BASF SE, and Organic Coatings Ltd.
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.
3. Actionable Results
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?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.