Persistence Market Research delivers key insights on the global in-mold coatings market in its latest report titled ‘In-Mold Coatings Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025).’ The long-term outlook on the global in-mold coatings market remains positive, with market value expected to increase at a CAGR of 4.9% during the forecast period (2017 – 2025). Among the product types, the solvent based segment is expected to expand at a healthy CAGR in terms of value over the forecast period. Global sales of in-mold coatings is estimated to be valued at US$ 187.5 Mn by the end of 2017. Asia Pacific is estimated to account for a value share of 38.4% in the global in-mold coatings market by 2017 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Persistence Market Research throws light on the drivers and restraints likely to impact the market during the forecast period.
The global in-mold coatings market is greatly influenced by many applications such as automotive, building & construction, sanitary products, electronics & appliances, etc. The Automotive segment accounts for a high market share in terms of value and volume as compared to other applications. Moreover, growth in the building & construction segment is expected to influence the in-mold coatings market positively, marking a high growth rate in developed as well as developing countries. This is expected to create strong growth opportunities in the global in-mold coatings market. Establishing long-term supply contracts with end users across specific industry segments can provide stability as well as growth opportunities for manufacturers in terms of revenue generation.
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However, the global in-mold coatings market is expected to face some challenges. Complete dependency on petrochemical feedstock, recyclability issue of composites and high cost of raw materials are the factors that may impact global demand for in-mold coatings, thus in turn restricting revenue growth of the global in-mold coatings market.
Regional Market Projections
On the basis of market value share, Asia Pacific is expected to expand at a healthy CAGR of 5.1% during the forecast period followed by Europe and North America. Europe is expected to hold a market value share of about 30% during the forecast period. North America is expected to represent incremental $ opportunity of US$ 20.2 Mn over the forecast period.
The report highlights some of the top companies operating in the global in-mold coatings market such as OMNOVA Solutions Inc, Stahl Holdings B.V., Berlac Group, AkzoNobel NV, The Sherwin Willams Company, Fujichem Sonneborn Ltd, RASCHIG GmbH., Protect Powder Coating Inc, and KECK Chimie. Top market players have been focusing on mergers and acquisitions of small and established players to strengthen their presence in the global in-mold coatings market.
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