According to latest research by Future Market Insights, the market is set to witness steady growth during forecast period 2021 – 2031, progressing at a CAGR of more than 6% during the period. Demand will witness significant growth owing to the growing awareness towards ecological balance. Growing demand for eco – friendly products is increasing and also expected to rise during the assessment period. Such factors are in turn anticipated to boost demand for these coatings.
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What is Driving Demand for Anti Soiling Coating?
Anti Soiling Coating is used as preventive coating applied on solar panels to prevent solar panels from dirt accumulation. Growing demand for decentralized power generation in emerging countries is propelling the demand for solar panels. Growth in solar panel market is likely to boost the sales during the forecast period.
In order to decrease carbon footprint, reduce CO2 emissions, and alleviating pollution the demand is shifting towards solar photovoltaic panels which is boosting the sales of the product.
Reliability, overall production capacity, are key factors which hinders the solar power market, which in turn hampers the demand for Anti Soiling Coating. However, development of battery storage technologies has helped overcome these challenges, which is a highly beneficial factor in demand development for the market.
Growing Demand for Energy is Likely Augment Anti Soiling Coatings Sales
Use of conventional sources of energy is being discouraged due to excess growth in pollution and declining fossil fuel reserves across the globe. These factors are promoting use of renewable and cost effective sources of energy for power generation in order to cater the ever increasing demand for un-interrupted energy supply.
In addition, declining raw materials prices coupled with growing prices of electricity across the globe and decreased cost of installation for solar photovoltaic panels is propelling the use of solar power across the globe which is projected to elevate the Anti Soiling Coatings sales during the forecast period.
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Europe Demand Outlook for Anti Soiling Coatings
Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, due to growing government initiatives towards economy redevelopment causing market to to recover at significant rate.
Europe is a significant market for solar panels owing to the model of decentralized energy generation across the region. Increased Government action and investment in some European countries such as Germany and UK has boosted the renewable power generation capacity in the region. Owing to occurrences of dispersed solar assets in the region Anti Soiling Coatings Market is expected to grow at significant rate during the forecast period.
Who are the Key Manufacturers and Suppliers of Anti Soiling Coatings?
Some of leading manufacturers and suppliers of Anti Soiling Coatings are
- BASF SE
- Boero
- PPG Industries Inc.
- Nippon Paint Marine coatings Co. Ltd
- Chigoku Marine Paints, Ltd.
- Jotun
- Kop Coat Inc.
- Akzo Nobel N.V.
Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumersz
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