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Potable Water Tank Coatings Market: Overview

Water that can be used for drinking purposes is termed potable water, whether it is used as such or not. Potable water tanks can be defined as those used to store drinking/potable water. They are commonly used in residential and housing infrastructure. However, these tanks are also employed in a wide range of other infrastructure such as industrial facilities, commercial buildings, and passenger ships. 

Potable Water Tank Coatings Market: Drivers & Restraints

Potable water tank coatings need to perform several functions. They need to ensure that external environment does not harm the tank and its quality. For example, potable water tank coatings need to withstand changes in temperature and also resist wear and tear factors such as corrosion. Coatings on the interior part of the tank should not contaminate stored water and vice versa. This particular function of coatings is vital from the point of view of health of those drinking water from such potable water tanks. Smell or taste of water is not affected by coatings. Re-coating of a tank is also an important function served by potable water tank coatings. The lifespan of a potable water tank can be longer than a decade; however, its coating might need to be replaced. Potable water tank coatings are formulated to be functional in wide-ranging temperatures. They are hygienic and provide resistance to chemicals. 

Potable water tank coatings are governed by strict regulations, as they can directly affect the health of a large share of population. There exists a wide range of classification societies that provide certificates stating the suitability of a coating’s prolonged contact with water. Such certifications are important for companies that plan to sell potable water tank coatings market. These certifications not only ease customer fears, but also provide quality to products and state that their compliance with government regulations. 

Potable Water Tank Coatings Market: Key Segments

Many types of potable water tank coatings are available in the potable water tank coatings market. Solvent-based and solvent-free are the commonly available potable water tank coatings. Other types include ceramic epoxy potable water coatings and epoxy primers. Different types of coatings have different methods of application and downtimes. For instance, certain coatings allow tanks to start service in just two to three days. In other cases, certain coatings may require 10 to 12 days. Certain coatings can be sprayed on tanks, while others need to be applied with a brush or roller. 

Potable Water Tank Coatings Market: Regional Outlook

Based on region, the global potable water tank coatings market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The potable water tank coatings market is highly dependent upon the construction taking place in different parts of the world, especially residential and commercial buildings. Availability of quality drinking water is another factor that significantly affects the potable water tank coatings market. Rise in water scarcity around the world has led to an increase in storage of water. This trend is expected to continue during the forecast period. It is anticipated to be a major driver of the potable water tank coatings market.

Potable Water Tank Coatings Market: Key Players

Large number of companies provide potable water tank coatings. They are a mix of large and small companies with varying geographical presence. Key players operating in the potable water tank coatings market include Hempel A/S, Induron Coatings Inc., Jotun, Akzo Nobel N.V., and Chemco International 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
  • Europe
  • 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.

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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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Potable Water Tank Coatings Market

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