Zion Market Research Synthetic and bio based coatings Market 2016- 2024 | Page 3

Synthetic and Bio-Based Coatings for Automotives Market
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Synthetic & Bio-Based Coatings for Automotives Market: Growth Factors
Earlier, injection molding dominated the global application market. Various industries such as
construction, packaging, automotive, electronics, furniture, consumer goods, and medical
equipment use injection molding. Different regions are pushing the usage of polypropylene in
various applications owing to its significant factors. These significant factors include the
initiatives taken by the government to encourage rapid industrialization, increasing disposable
income, infrastructure development, and urbanization. Other applications are film and textile
applications. In the recent years, injection molding dominated the global market. Similarly, film
applications are also expecting to grow in the coming years. Organizations such as REACH,
ASTM, and FDA have raised strict rules regarding the manufacturing and usage of
polypropylene. This, in turn, may hinder the market growth in the future.
Synthetic & Bio-Based Coatings for Automotives Market: Regional Analysis
The dominating region in the global market is Asia-Pacific followed by Europe and North
America. Rising demand from the end-use industries in the developing countries is expected to
drive the regional markets. Owing to the saturation of the end-use market, the developed
regions such as North America and Europe are having a moderate market growth. The countries
such as India, China, Argentina, and Brazil will lead their respective regional market due to the
increase in the economies.