Persistence Market Research has announced the release of a new report, titled “Cellulose Paints Market: Global Industry Analysis and Forecast to 2015 to 2021”. This comprehensive research report highlights the key factors governing the growth of the global cellulose paints market from 2015 to 2021 and serves as a blueprint for clients and stakeholders to formulate accurate and timely business decisions.
The demand for cellulose paints has increased over the years from its leading end-use sectors such as industrial, construction, and automotive. Growing investments and increased focus on research and development activities in the development of low VOC coatings are responsible for the growth of the cellulose paints market.
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Among the four main regional markets for cellulose paints, namely North America, Latin America, Europe, and Asia Pacific, APAC presently dominates the global market owing to growth of the construction industry. Large-scale renovation projects in South Asia, particularly in China and India are also major growth drivers boosting the cellulose paints market in APAC. North America is the second largest market, driven by the rising demand for cellulose paints from the thriving automotive industry in the region. Demand for green coatings in Latin America and Asia Pacific is anticipated to hold immense scope for growth over the next six years.
A key feature of the research report is its assessment of the vendor landscape. The competitive scenario of the global cellulose paints market is thoroughly examined by first identifying the leading players in the market and then evaluating their performance and contribution towards the global industry during the review and forecast period. Aspects such as company overview, products and services, business strategies, recent developments, and financial overview are taken into consideration while studying key players such as Eastman Chemical Company, The Dow Chemical Company, PPG Asian Paints, AkzoNobel N.V., and BASF SE.
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