Chlorinated Rubber Coatings Market to Grow at a Steady Rate During Forecast Period

Growth in infrastructural sector to drive global chlorinated rubber coatings market during the forecast period

According to TechSci Research report, “Global Chlorinated Rubber Coatings Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024”, the global chlorinated rubber coatings market is expected to grow at a steady CAGR during the forecast period. Chlorinated rubber coatings are witnessing adoption in various end user industries since they are non-inflammable, chemically stable, water & corrosion resistant and provide good adhesion. However, growing environmental regulations are likely to hamper the growth of the market during forecast period.

The global chlorinated rubber coatings market is segmented based on type, application, region and company. Based on type, the market can be segmented into paints, lacquers, adhesives and printing inks. Paints and Adhesives segments are expected to hold the largest share during forecast period attributable to the growing investments in infrastructure development.

PPG Asian Paints Private Limited, Promain Co Ltd, Pragati Paints & Allied Products, Firwood Paints Ltd., Covestro AG, Interquad Group Ltd, Spencer Coatings Group Ltd, Kelley Technical Coatings, Inc., RAMUC Pool and Deck Paint, Shanghai NH Trade Co., Ltd., and others are some of the leading players operating in global chlorinated rubber coatings market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Europe is expected to be the largest region in global chlorinated rubber coatings market during the forecast period followed by Asia-Pacific. Growing product applications of chlorinated rubber coatings, particularly in traffic paints is expected to provide lucrative opportunities to the manufacturers in Europe. Asia-Pacific is also anticipated to witness growth in the coming years as European chlorinated rubber manufacturers have been procuring raw material, natural rubber, from various countries in Asia-Pacific region, thereby fuelling growth in the region’s chlorinated rubber coatings market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Chlorinated Rubber Coatings Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global chlorinated rubber coatings market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global chlorinated rubber coatings market.

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