Intermediates for the Paints & Coatings Market Trends

Growth Drivers

• Growing Demand for Paints & Coatings – As the need for paints & coatings is rising across the globe, more intermediates are required for their production. For instance, ingredients such as binders, pigments, thickeners, curing agents, modifiers, humectants, open-time additives, alkyd latex resins, and polymers are used to create finished aqueous or solvent-borne paint and coating products are known as intermediates and are utilized to generate paints and coatings in the final useable form.

Challenges

• Exorbitant Cost of Intermediates - The high cost is one of the major factors predicted to slow down the market growth. For instance, the price of raw materials keeps on fluctuating as the materials are not easily available. This as a result can increase the overall cost of the intermediates.
• Unavailability of Raw Materials
• Strict Environmental Regulations