MRC Announces the Publication of its Research Report – Global Packaging Coatings Market 2017-2021
MRC recognizes the following companies as the key players in the global packaging coatings market: Akzo Nobel, Arkema, PPG Industries, The Sherwin-Williams Company, and WackerChemie
Other Prominent Vendors in the market are: allnex group, ALTANA, Axalta Coating Systems, BASF, Endura coating, Evonik Industries, KANSAI PAINT, Mantrose-Haeuser, Michelman, Sun Coating, The Dow Chemical Company, and VPL Coatings.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Growing preference for bio-based packaging coating. Major players have increased their R&D investment to reduce the manufacturing and operation costs of packaging coatings. The increasing rate of innovation and product development will be responsible for products with better efficiency and enhanced properties. Thus, to gain a competitive edge in the market, major vendors are likely to emphasize on innovations.”
Get sample copy of this report @https://marketreportscenter.com/request-sample/568113
According to the report, one of the major drivers for this market is Growth in the packaging industry. The packaging includes materials to wrap, store, protect, and display a variety of goods. Various substrates are used in the production of packaging materials, such as paper and board, plastic film, foil, rigid plastic, flexible plastic, glass, metal, wood, and textiles. The packaging coating provides moisture and chemical resistance, strength, and durability to the packaging material. The growing use of packaging is expected to foster the demand for packaging coating.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Polymeric materials are commonly used in the manufacturing of packaging coating. Epoxy, acrylic, polyurethane, phenolic, and amino are some of the other raw materials. Most of these raw materials are the downstream/byproducts of crude oil. Hence, high crude oil prices are expected to affect the prices of these raw materials. For instance, Dow Polyurethanes Europe, India, the Middle East, and Africa announced an increase in prices of polyurethane raw materials such as polyols, toluene diisocyanate (TDI), and methylene diphenylisocyanate (MDI) on May 2016.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Check Discount on Report @ https://marketreportscenter.com/reports/568113/global-packaging-coatings-market-2017-2021#toc
About Market Reports Center;
Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. We are dedicated to create a comprehensive offering of market research which is accurate, credible and affordable.
Market Reports Center currently has more than 4,00,000 plus titles and 50+ Publishers on our platform and growing consistently. We cover more than 35 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Construction, Agriculture, Food, Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Connect for more details:
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Market Reports Center
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Email: info@marketreportscenter.com
Website: https://marketreportscenter.com
MRC recognizes the following companies as the key players in the global packaging coatings market: Akzo Nobel, Arkema, PPG Industries, The Sherwin-Williams Company, and WackerChemie
Other Prominent Vendors in the market are: allnex group, ALTANA, Axalta Coating Systems, BASF, Endura coating, Evonik Industries, KANSAI PAINT, Mantrose-Haeuser, Michelman, Sun Coating, The Dow Chemical Company, and VPL Coatings.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Growing preference for bio-based packaging coating. Major players have increased their R&D investment to reduce the manufacturing and operation costs of packaging coatings. The increasing rate of innovation and product development will be responsible for products with better efficiency and enhanced properties. Thus, to gain a competitive edge in the market, major vendors are likely to emphasize on innovations.”
Get sample copy of this report @https://marketreportscenter.com/request-sample/568113
According to the report, one of the major drivers for this market is Growth in the packaging industry. The packaging includes materials to wrap, store, protect, and display a variety of goods. Various substrates are used in the production of packaging materials, such as paper and board, plastic film, foil, rigid plastic, flexible plastic, glass, metal, wood, and textiles. The packaging coating provides moisture and chemical resistance, strength, and durability to the packaging material. The growing use of packaging is expected to foster the demand for packaging coating.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Polymeric materials are commonly used in the manufacturing of packaging coating. Epoxy, acrylic, polyurethane, phenolic, and amino are some of the other raw materials. Most of these raw materials are the downstream/byproducts of crude oil. Hence, high crude oil prices are expected to affect the prices of these raw materials. For instance, Dow Polyurethanes Europe, India, the Middle East, and Africa announced an increase in prices of polyurethane raw materials such as polyols, toluene diisocyanate (TDI), and methylene diphenylisocyanate (MDI) on May 2016.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Check Discount on Report @ https://marketreportscenter.com/reports/568113/global-packaging-coatings-market-2017-2021#toc
About Market Reports Center;
Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. We are dedicated to create a comprehensive offering of market research which is accurate, credible and affordable.
Market Reports Center currently has more than 4,00,000 plus titles and 50+ Publishers on our platform and growing consistently. We cover more than 35 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Construction, Agriculture, Food, Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
Email: info@marketreportscenter.com
Website: https://marketreportscenter.com
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