According to a new market report published by Lucintel, the future of the foam coating market looks promising with opportunities in the building & construction, oil & gas, aerospace, military, automotive, and consumer electronics industries. The global foam coating market is expected to grow with a CAGR of 7% from 2021 to 2026. The major drivers for this market are boost in demand for insulation foam products by countries in cold climate, growth in the building & construction industry, and consumer awareness of energy saving practices.
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In this market, different resin types of foam coating, such as acrylic, epoxy, polyurethane, polyester PVC, latex, vinyl, and alkyd, are used in a wide range of industries. Lucintel forecasts that polyurethane will remain the largest segment due to increasing demand for energy saving materials and high consumption in the North American and European regions for insulation products.
Within the foam coating market, building & construction will remain the largest end use industry during the forecast period due to rapid expansion of commercial and residential buildings and awareness of green construction.
Asia Pacific will remain the largest region over the forecast period due to industrialization and developing infrastructure of the developing countries and large scale consumption of foam coating in the growing automotive and construction industries.
Alfa Foam Limited, Carson's Coatings, AkzoNobel, PPG Industries, Sherwin-Williams Company, Axalta Coating System, Asian Paints, S K Kaken, Masco, and Lapolla are among the major foam coating manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global foam coating market by technology, resin type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Foam Coating Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global foam coating market by technology, resin type, end use industry, and region as follows:
By Technology [Kilotons and $M shipment analysis for 2015 – 2026]:
Water Based
Solvent Based
Powder Based
By Resin Type [Kilotons and $M shipment analysis for 2015 – 2026]:
Acrylic
Epoxy
Polyurethane
Polyester
PVC
Vinly
Latex
Alkyd
By End Use Industry [Kilotons and $M shipment analysis for 2015 – 2026]:
Building & Construction
Oil & Gas
Aerospace
Military
Automotive
Consumer Electronics
Others
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.