In-mold coatings were utilized as a part of the late 1980s for car applications, particularly window steering wheels and exemplifications. They utilized an aliphatic urethane froth substrate with a solvent-borne two-component urethane or lacquer. With the introduction of low-cost fragrant elastomers by the end of the 1990s, a higher accentuation has been set on changing over interiors of automotive parts from PVC to in-mold appliances that expand throughput and enhances appearance.
The worldwide market for in-mold coatings is anticipated to account for a valuation around US$ 187.5 Million in 2017 and is slated to reach a valuation of close US$ 274.3 Million through the end of 2025, registering a 4.9% CAGR throughout the assessment period.
Based on the product type, the market is segmented into powder based, solvent based and water based. The solvent based will remain dominant in value terms during the assessment period. The water-based will grow at a 5.1% CAGR over 2017-2025.; Based on the application the market is categorized into medical, building & construction, sanitary products, rail, truck, automotive (include exterior and others), electronics & appliances and others.
Based on resin technology, the overall market is broadly divided into polyurethane and others. Polyurethane will witness a remarkable growth gaining around 70% of market share and exhibiting a healthy CAGR during the assessment period.; Based on the formulation, the worldwide market is divided into two components (2K) and one component (1K). The one component (1k) will be the most lucrative as compared to two component (2k) during the projection period.
Based on the coating layer, the market is categorized into primer and top coat. The top coat will lead the overall market by gaining over 60% of value shares over 2017-2025.; Based on the substrate, the overall market is divided into physical form(flexible and rigid) and type (thermoplastic and thermosetting plastic(, SMC, BMC and others)). The SMC category under thermosetting will be recording a healthy growth whereas the physical form category will gain considerable traction amongst other substrate types.; The key regions analyzed in the worldwide market include Latin America, North America, Asia Pacific, Europe and MEA. The APAC region will expand at a robust 5.1% CAGR followed by North America and Europe over the estimated period.
Key Market Players: The major companies functional in the worldwide market for in-mold coatings are: PANADUR GmbH, Performix by Plasti Dip International, Chromaflo Technologies, Emil Frei GmbH & Co. KG (FreiLacke), RASCHIG GmbH, ADAPTA COLOR, S.L, Protech Powder Coatings Inc, KECK Chimie, The Sherwin-Williams Company, Berlac Group, Akzo Nobel N.V, Fujichem Sonneborn Limited (Fujikura Kasei Global Network), Stahl Holdings bv, OMNOVA Solutions Inc.
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