THEIC Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the THEIC market and it is expected to grow by $ 61.72 mn, accelerating at a CAGR of almost 5.64% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

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THEIC Market: Key Trends to impact market growth

Growth by the paints and coatings segment has been significant in recent years and is expected to offer further growth during the forecast period. 45% of the market growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and India are the key markets for THEIC market in the region. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

THEIC Market: Top Drivers to Boost Demand

Growth in real estate and construction industry propelling the demand for paints and coatings is one of the primary factors driving the growth of the THEIC market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business on the path to further growth.

Vendor Analysis: Avantor Inc., Haihang Industry Co. Ltd. and  Jining Jianbang Chemical Co. Ltd. are key growth contributors

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avantor Inc., Haihang Industry Co. Ltd.,  Jining Jianbang Chemical Co. Ltd., Laffans Petrochemicals Ltd., Merck KGaA, NISSEI Corp., Shandong SanYoung Industry Co. Ltd., Shikoku Chemicals Corp., Tokyo Chemical Industry Co. Ltd. , and Vortex Products Ltd. are some of the major market participants.

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THEIC Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive THEIC market growth during the next five years
• Precise estimation of the THEIC market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the THEIC market industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of THEIC market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 5.64%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 61.72 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Growth in real estate and construction industry propelling the demand for paints and coatings will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   45% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Avantor Inc., Haihang Industry Co. Ltd.,  Jining Jianbang Chemical Co. Ltd., Laffans Petrochemicals Ltd., Merck KGaA, NISSEI Corp., Shandong SanYoung Industry Co. Ltd., Shikoku Chemicals Corp., Tokyo Chemical Industry Co. Ltd. , and Vortex Products Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Paints and coatings, Pharmaceuticals, Wire manufacturing, and Others) and Geography (APAC, Europe, North America, MEA, and South America)