Industrialization to Drive Asia’s Fiber Coatings Industry : Ken Research
• According to the study “Asia Fiber Coatings Industry Situation and Prospects Research report”, fiber coatings market is segmented on the basis of types such as optical fiber coatings, fiber glass coating and carbon fiber coating. The end-user industries of fiber coatings in Asia are electronics, textiles, automotive, aerospace, oil and gas industries. Geographically, Asia fiber coatings market is spread across China, India, Japan, Korea, Saudi Arabia and other regions. The leading players in fiber coatings market in Asia are DSM, PPG Industries, DOW Coating Materials, AFE Technology Coatings, KRUSS GmbH, Hexion and Corning.
• Fiber coatings are used in electronics automotive, aerospace, textiles, oil and gas industries. Asian fiber coatings market has witnessed a considerable growth over the past few years and will continue due to the demand of carbon fiber coatings in aerospace and automotive industries. The ongoing research and development coupled with technological breakthroughs in the area of costeffective production and processing had fuelled the fiber coatings market over past few years. Fiber coatings are used to coat parts of a particular body with colourer a clear lacquer to protect the coated substrate from UV degradation. Asian automobile manufacturers are focussing on using lightweight aluminium and carbon fibers to achieve superior fuel economy vehicles. This trend has led to many transformations in the process of treating and coating auto parts which is a challenging task. Majority of the of the fiber coating workshops deploy electrostatic systems that creates even coverage coats and a lesser overspray than gravity driven processes.
• Fiber coatings are used for coating heavy or light duty products within the end-user industries. Fluctuating raw material prices is the major market challenge within the fiber coatins market in Asia. The development of bio-based fiber coatings and stringent regulations are driving the market in Asia. Fluctuating growth in various industries such as automotive and shipbuilding coupled with large infrastructural investments in emerging economies is expected to drive the growth of the fiber coatings. Fiber coatings provides many advantages such as reduced weight, higher processing speed, and less emissions of volatile organic compounds, thereby enhancing the demand for fiber coatings.
• The increasing consumer’s disposable income and urbanization are the key factors affectinh the fiber coatings market. Asia accounts for a largest share in fiber coatings market due to industrialization. Emerging economic conditions are propelling the need for fiber coatings. The increasing consumption of for various applications is encouraging the market towards expansion in various sectors attracting huge recognition and this trend will continue over the next few years in Asian markets.
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