Coating Resins Market
study , this segment is projected to account for a share of 38.1 % of the Asia Pacific coating resins market by the end of 2023 . The rising construction activities in most of the emerging nations of Asia Pacific is one of the important factors anticipated to encourage the growth of this segment in the coming few years .
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Developing Automotive Industry in Asia Pacific to Encourage Growth The growing demand for coating resins from the building and construction industry is one of the key factors anticipated to fuel the growth of the Asia Pacific coating resins market in the next few years , states a TMR analyst . In addition , the expansion of the automotive industry in this region is projected to accelerate the growth of the overall market . The rising focus of key players on expansion of the application base is another factor likely to supplement the growth of the coating resins market in Asia Pacific in the coming years .
Fluctuating Raw Material Prices to Hamper Market Growth The Asia Pacific market for coating resins is expected to face several challenges in the next few years , which will restrict the growth of the market . The volatility in prices of raw materials and crude oil is anticipated to curb the growth of the Asia Pacific coating resins market in the coming few years . In addition , stringent government regulations regarding volatile organic compounds are likely to hamper the market ’ growth , says a TMR analyst . Nevertheless , the high growth of coating resins market in Vietnam is likely to generate potential opportunities for the leading players .
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TABLE OF CONTENT
Chapter 1 Preface
� Report Description
� Research Scope
� Assumptions
Transparency Market Research
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