Report ID: UCMIG15E2129
Report ID:
UCMIG15E2129 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Ethyl Polysilicate Market had a size of over USD 485 million in 2018 and is expected to reach a consumption of over 305 kilo tons by 2025. The industry growth is attributed to the substantial increase in infrastructural development driven by government initiatives to expand civil infrastructure such as new schools, hospitals, airports, and government offices. Ethyl polysilicate is used as a binder in the manufacturing of paints and emulsions due to its fast curing, high adhesion, and resistance to UV radiation and biological attack. These properties are expected to drive the market size by 2025.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2129