Sika AG is all set to acquire MBCC Group, the former BASF Construction Chemicals. The acquisition will complement and broaden the company’s product and solution offerings.
PPG Industries, Inc. has launch of PPG PITTHANE ULTRA LS polyurethane topcoat to expand its coating line. This product is formulated for applications in corrosive environments that require low sheen to limit glare and hide surface imperfections.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 1314
Published Date: Feb 06, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The rising construction processes along with expansion of automotive industry and high investment in research and development sector are some of the factors that are anticipated to drive the market growth.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2033.
The strict rules regarding toxic nature along with rising concern for utilizing Volatile Organic Compounds (VOC) and governmental rules regarding adverse effect on environment are expected to hamper the market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Sika AG, PPG Industries, Inc., Akzo Nobel N.V., Arkema, Sherwin-Williams Company, Wacker Chemie AG, RPM International Inc., Hempel A/S, Axalta Coating Systems, Kansai Nerolac Paints Limited, and other key players.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by resin, technology, end-user, and by region.
The construction segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.