In-Mold Coating Market Highlights
Apart from the aesthetic aspects, the In-Mold Coating needs to be protected against mechanical, physical and chemical attack is the reason why we coat the vehicles by means of In-Mold technology. There are verity of demands on In-Mold Coatings. The demand for materials for exterior application are different to those for products for interior applications. To fulfil this demand, several types of binders and additives are available. Furthermore, the application technology used depends on both the binder and the market. Improvement in sustainability, reduction of harmful substances and reduction of volatile organic compounds (VOC) are some of the general trends as per the requirement and regulations in Global In-Mold Market. The relative importance of the various trends in in-mold market depends on the governmental regulations in regions and on consumer need.
BOMIX (Germany), OMNOVA Solutions Inc. (US), AKZONOBEL POWDER COATINGS (Netherlands), Stahl Holdings B.V. (Netherlands), Red Spot Paint & Varnish Company, Inc (US), Performix by Plasti Dip International (US), The Sherwin-Williams Company (US), FreiLacke (Germany), ISL-CHEMIE (Germany), FGN Fujikura Kasei Global Network. (UK), among others are some of the prominent players at the forefront of competition in the Global In-mold coating Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
November 2017 – Royal DSM, a global science company active in health, nutrition and materials, announced it has invested Euro15 million for the expansion of its Coating Resins plant in Meppen, Germany. The facility is specialized in the production of liquid polyesters and other specialty resins. With this expansion, DSM Coating Resins reinforces its position in the can and coil coatings segment and ensures it remains fit for growth in the BPA-free market.
August 2017 – Custom injection molder and parts coater GI Plastek Corp. are expected to hike the tonnage in its press fleet late this year when it orders a 2,100-tonner. The capacity expansion follows a recent installation of a new painting and conductive coating line to replace the former paint line. Also due for installation soon is laser etching equipment complementing the coating operations. The Wolfeboro, N.H., company specializes in large-part molding and coating and now runs 13 injection presses with clamps from 220 to 1,574 tons. The presses are conventional injection machines but they are also used to make structural foam molded parts.
October 2017 – BOPP film specialist Treofan planned to add a new, 70 µm film product to its portfolio of EUP high-performance in-mold labeling films. Matt on both sides, the EUP70 technology platform was specially developed to meet the demanding requirements of sheet-fed offset printing. Its high stiffness enables especially high processing speeds with excellent quality, while the low density ensures optimal area yield. Until now, the EUP product family was available in thicknesses of 50 µm (EUP50) and 60 µm (EUP60).
In-Mold Coating Market – Regional Analysis
Asia Pacific region accounted largest market share in the global in-mold market and expected to dominate during the forecast period due to rising automotive production and growing transportation activities in the region. China being largest consumer, manufacturer and exporter of in-mold coating. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is ‘Make in India’. This initiative is expected to foster growth in Indian e-coat market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments.
Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies. In addition to this, North America & Europe have witnessed healthy growth in In-mold coating market owing to a growing non-residential repair, renovation and new construction activities in the region.
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The report analyses the degree of competition among the industry players as well as industry growth and market scenario. The Global In-Mold Coating Market is at a growing stage, which represents moderate stats in terms of market value and overall volume. Over the past few years, in-Mold Coating Market has witnessed healthy demand due to increasing spending capacity of people which has stoked sales of furniture. Nevertheless, the degree of competition among the market players is still less owing to limited major market players across the globe. Globally market for In-Mold Coating is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.
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