The coatings raw materials market is expected to grow by 9.19 million tons during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the coatings raw materials market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Coatings Raw Materials Market 2020-2024 (Graphic: Business Wire)
Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19
The coatings raw materials market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Major Three Coatings Raw Materials Market Participants:
Akzo Nobel NV
Akzo Nobel NV operates its business under decorative paints and performance coatings segments. The company manufactures resins such as polyurethane resins, alkyd resins, and silicon modified polyester resins.
ALTANA AG operates its business under various segments such as BYK, ECKART, ELANTAS, and ACTEGA. The company offers resins, pigments, and binders which are used as coatings raw materials in the paints and coatings industry.
Arkema SA operates its business under three segments, which include high performance materials, industrial specialties, and coating solutions. The company manufactures resins, pigments and fillers, and solvents which are used in paints and coatings industries.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/coatings-raw-materials-market-industry-analysis
Coatings Raw Materials Market 2020-2024: Segmentation
Coatings raw materials market is segmented as below:
Pigments and Fillers
The coatings raw materials market is driven by increasing demand for alkyd resins in paints and coatings. In addition, other factors such as growing demand for coatings raw materials in the construction industry is expected to trigger the coatings raw materials market toward witnessing a CAGR of almost 5% during the forecast period.
Get more insights about the global trends impacting the future of coatings raw materials market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44096
Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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