Market Research Reports - Ken Research Global Paints and Coatings Industry Research

Paints and Coating Market to Prosper Globally With Rising Demand: Ken Research
Any liquid, liquefiable or mastic composition is a paint which when applied to a substrate in a
thin layer will proselyte the solid film. It helps to protect the object, colour it and it provides
texture to objects. Rather than aesthetic properties, an industrial coating is a paint which is well
defined by its protectiveness quality, although it can provide both as well. For corrosion control
of steel structures, industrial coatings are mostly used. Corrosion control on steel structure like
offshore platforms, underground pipelines, bridges, etc.
The market of paints and coatings are segmented on the basis of resin type, technology,
application and region. On the basis of resin type the market is further segmented into
polyurethanes, acrylic, polyesters, epoxy, alkyd and others. On the basis of technology the
market is segmented into water based, solvent based, high solids and powder. On the basis of
application the market is segmented into agriculture and industrial. On the basis of region the
market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South
America.
According to the report “Paints and Coatings Market Global Report 2017”, in 2016, Asia has
accounted for the largest region in paints and coating market with majority of market share.
Increasing infrastructure development in India and China had led the Asia to gain largest market
share. With a significant market share, America has been accounted as second largest region in
paints and coatings market followed by Europe.
The industries that manufacture paints and coatings are expected to grow well in future
because they are used to solve many industrial problems. Industrial paints comprises of mix
pigments, solvents and binders into paint. For concrete and masonry, coating such as stains,
narnishes, lacquers, enamels, shellacs and water repellent coating are established. Putties,
paints and varnish removers, paint brush cleaner and frit are the products of manufacture allied
paints.
Till 2020, it is forecasted that the global paints and coating market will reach great heights of
success registering the maximum market revenue of about USD 350 billion. One of the
important drivers of paint and coating industry is considered to be the high demand in end user
industries. Many industries of paints and coatings have seen a rapid increase in its
consumption. Automotive, construction and manufacturing industries are the places where
paints and coatings are majorly used. In building and construction, decorative paints and
coatings are used. On the other hand, protective paints and coatings are used in automotive,
major appliance and industrial equipment industries. Therefore, with multiplying applications of
paints and coatings in several activities, the cumulative market is foreseen to improve year by
year recording great profits.
Key Factors Considered in the Report
Global Paints Market Research Report