The chlorinated rubber coatings market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 1,533.7 million by 2028 and grow at a CAGR of 7.5% in the above-mentioned forecast period.
The factors such as increasing use of chlorinated rubber coatings in building and construction, automotive, marine, chemical and petrochemical, energy and power are the root cause fueling up the market growth rate. Additionally, the numerous beneficial properties provided by these coatings such as fireproof, chemically stable, water resistant, offer good adhesion among others will further carve the way for the growth of market. However, the fluctuating prices of natural rubber and petrochemical feedstock impede growth of the chlorinated rubber coatings market.
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Scope of the Chlorinated Rubber Coatings Market Report:
The chlorinated rubber coatings market is segmented on the basis of type, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the chlorinated rubber coatings market is segmented into high temperature and low temperature.
- Based on application, the chlorinated rubber coatings market is segmented into paints, lacquers, adhesives and printing inks.
- Based on end users, the chlorinated rubber coatings market is segmented into architecture, automotive, aerospace, electronics and others.
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Some of the major players operating in the chlorinated rubber coatings market report are BASF SE, DIEFFENBACHER GMBH Maschinen- und Anlagenbau, JNC Corp, DOW, Koninklijke Dsm N.V, 3M Co, Heubach Color, The Magni Group, Wacker Chemie AG, SK Formulations India, Bluechem Group, Ancatt Inc., S.M. Adhesives., Renner Herrmann S.a, PPG Industries, Inc., Akzonobel N.V., The Sherwin-Williams Company, Axalta Coating Systems Ltd, Kingfa Science & Technology (India) Limited., Owens Corning, TORAY INDUSTRIES, INC., Momentive, LANXESS, SABIC, PPG Industries, Inc, Avient Corporation, Daicel Corporation among others.
Chlorinated Rubber Coatings Market Regional Analysis/Insights
The Chlorinated Rubber Coatings market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Chlorinated Rubber Coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Chlorinated Rubber Coatings within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Chlorinated Rubber Coatings market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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