Market Size of Stain Resistant Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | North America |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Stain Resistant Coatings Market Analysis
The market for stain resistant coatings is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are increasing application in architectural coatings, and rapidly growing application in electrical & electronics industry. Slowing down global automotive production is expected to hinder the growth of the market studied.
- Buildings & construction industry leads the demand of stain resistant coatings owing to the increasing construction activity and it is followed by electrical & electronics industry due to the rapid rise in usage of electrical appliances across the globe.
- Depending upon the chemistry required, different types of chemicals like polytetrafluoroethylene, perfluoro alkoxy alkane, ethylene tetrafluoroethylene, polyvinylidene fluoride and others are used to make stain resistant coatings.
- Asia-Pacific region dominated the market for stain resistant coatings with India, China, Japan representing major countries in consumption.