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
cost-effective 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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