Paints and coatings are the chemical composition of resins available in vibrant colours that cover the applied surface or object. The main function of paints and coatings are decoration and protection of the applied surface. By function, major industry is acquired by architectural paints and coatings. Construction and maintenance of existing structures such as residential homes and apartments, public buildings, etc. add to the architectural segment. Industrial paints and coatings used for increasing the life of the products follow architectural paints and coatings.
Impending government regulations have replaced conventional low-solids, solvent-based formulations and waterborne (latex) paints by the new technologies with more efficiency and effectiveness. Paints and coatings industry is focusing on reducing the emission of volatile organic compounds (VOCs) and developing low solvent and non-solvent coatings.
Thermosetting emulsion, colloidal dispersion, water-soluble, solvent-based coating, two-component systems coating, powder coatings, UV-based coatings, high-solids coatings and radiation-curable coatings are the new technologies used by the global paints and coatings companies. There is an upcoming technology named nanotechnology that has several patents in coating. Nanotubes will be an ultramodern technology that will be used for electrically conductive coatings but will be limited to highly specialized applications due to high cost in development. Construction and automotive and aviation industries are the prime end-users of paints and coatings.
Asia Pacific is the leading region in terms of consumption in the global paints and coatings market. Growth in residential construction, automotives, consumer goods and rising populations are the driving force in the growth of this region. Asia Pacific is followed by Europe and North America, which are becoming matured market in the global paints and coatings industry. Asia-Pacific, Latin America, and the Middle East region is estimated to experience rapid growth in terms of CAGR.
Major companies in the global paints and coatings market are Akzo Nobel N.V., Nippon Paint, BASF, Axalta (formerly DuPont), Chugoku Marine Paint, Hempel, PPG Industries, Sherwin-Williams Company, RPM International, Valspar Corporation, Kansai Paint Company and many others.
Decision Databases is involved in providing research reports and company profiles in the global paints and coatings market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The paints and coatings market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our paints and coatings profiles.
CUSTOMIZATION OF REPORT:
1. INTRODUCTION PAINTS AND COATINGS MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS PAINTS AND COATINGS MARKET
4. GLOBAL PAINTS AND COATINGS MARKET ANALYSIS BY FORMULATIONS
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