The global stain resistant coatings market is projected to witness impressive growth, while recovering at quite a rapid pace from the temporary setbacks suffered in 2020. Despite sluggish growth during the deadly COVID-19 outbreak, the architectural and textile sectors are in the recovery phase, and creating new scope for stain resistant coatings manufacturers. The latest report by Fact.MR predicts the progressive growth of key end-use industries of stain resistant coatings through 2031. The detailed analysis also incorporates the latest trends and shifted patterns of demand-supply due to the aftereffects of the pandemic.
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According to the report, environmental concerns over fluoropolymers in the architecture and textiles industry will be key driving factors boosting the sales of non-fluoropolymer-based stain resistant coatings, while industrial players in the countries such as China, Germany, and the United States, to name a few, will exhibit heightened activities in this field. With initiation of vaccination drives, stakeholders are optimistic in leveraging new opportunities, mostly in Asia Pacific, followed by Europe. Overall outlook will remain positive with the gradual recovery of the end-use industries, with the market projected to expand at a healthy CAGR of around 7% through 2031.
“With high requirement from the architecture and textiles industry, manufacturers are focusing on developing a wide variety of PTFE, ETFE, and PVDF stain resistant coatings in order to increase their sales footprint, which, in turn, is making the competition even fiercer in this industry,”says a Fact.MR analyst.
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