INDUSTRY NEWS
Attractive and useful : latest Ceresana report on the world market for paints and coatings
The construction industry currently uses almost half of all paints and coatings that are sold . Large-scale projects for infrastructure or commercial construction are hardly ever directly affected by crises , and the demand for living space continues to grow in densely populated countries . The sales of paints and coatings for industrial products such as vehicles , on the other hand , are heavily dependent on the general economic development . This is the fourth time that Ceresana has published a study on the world market for paints and coatings . In 2019 , a total of around 43.3 million tonnes of coatings were sold .
Innovative Products with Multiple Benefits
In addition to simple , traditional interior and facade paints , more and more coatings with special properties are used in the construction industry . Facade coatings that use the lotus effect , for example , clean themselves in the rain . Other products not only beautify surfaces but can also protect them from rust or contribute to thermal insulation . In hospitals and medical practices , paints and coatings with antibacterial properties are increasingly used to limit the spreading of dangerous germs .
Acrylics for the Walls of China
Most paints and coatings are consumed in the Asia-Pacific region . This part of the world is expected to further expand its leading position
on the world market in the coming years . The second largest sales region last year was North America . Ceresana has also analysed the demand for individual product types for the current market report : from paints and coatings based on acrylic , vinyl , alkyd , epoxy , polyurethane , or polyester to paints and coatings based on other materials . Acrylic colours were by far the most widely used type of paint in 2019 . Vinyl paints took second place . The demand for acrylic paints was highest in Asia-Pacific and North America , followed by Western Europe and South America . Coatings based on acrylic resins are very often used in the construction industry because of their properties : as a wall or facade paint , acrylic resins are extremely light and weather resistant and remain breathable . They are used for exterior facades in conjunction with water-repellent silicone resins . Further applications are coatings of wood , plastic , or metal .
Growing Demand for Water- Based Coatings
Powder coatings only account for a small segment of the market for paints and coatings while water- and solvent-borne products generate the largest share of demand . Water-based coatings are relatively environmentally friendly thanks to reduced emissions of volatile organic compounds
( VOC ). They also offer the possibility of recycling in some applications . Waterborne coatings are used for machine and automotive coatings , but also for coatings of wood , plastic , as well as leather and textile . Analysts at Ceresana expect waterborne paints and coatings to achieve the highest average growth rate in the coming years .
The Study in Brief :
Chapter 1 provides an overview and analysis of the global market for paints and coatings - including forecasts up to 2027 : the development of sales , demand and production is illustrated for each region of the world . The market figures on demand are broken down by applications , product types , and technologies . The regional markets for paints and coatings are analysed , providing data on use in the segments construction , transportation , wood processing , industry products , and other applications . The demand for individual product types is also examined - subdivided into the type ’ s acrylic , vinyl , alkyd , epoxy , polyurethane , polyester , other polymers , and other products .
In Chapter 2 , 16 countries are analysed in detail : consumption of paints and coatings , export , import , production , and sales . The countries are additionally examined in terms of application areas . The market data on the demand volumes per country are broken down by types of paint and technology : waterborne , solvent-borne , powder coatings , and others .
Chapter 3 offers a useful directory of the 112 most important manufacturers of paints and coatings , clearly arranged according to contact data , revenues , profit , product range , production sites , and profile summary . The presented companies include , for example , 3M Company , Akzo Nobel N . V ., Altana AG , Asian Paints Ltd ., Axalta Coating Systems Ltd ., H . B . Fuller Co ., Hempel AS , Kansai Paint Co ., Ltd ., KCC Corporation , Knauf Gips KG , Nippon Paint Co ., Ltd ., PPG Industries , RPM International Inc ., and Sherwin-Williams Company .
https :// www . ceresana . com / en / marketstudies / industry / paints-coatingseurope /
22 JANUARY 2021 read online : www . surfaceworld . com