Construction Paints And Coatings Market
Paints and coatings are widely used in industries for protecting machines and equipment from rusting and corrosion, whereas decorative paints and coatings are used applied on interior and exterior walls of residential and corporate buildings. Rising population and disposable income is boosting the demand for consumer goods and automotive, which in turn is boosting industrialization. To embellish and protect a surface, paints and coatings are applied to the substrate. When applied for decorative purposes, paints and coatings enhance the surface's longevity and aesthetics. Additionally, they shield the surface from damaging elements, rust, ageing, and chemical exposure. In some applications, paints and coatings also offer particular qualities including anti-fouling, flame retardancy, and anti-microbial capabilities. Due to economic expansion and the consequent rise in living standards of those in the region's developing nations, the building and construction sector has been growing rapidly across the Asia Pacific region. In the Asia Pacific, this is increasing the demand for paints and coatings. The widespread use of paints and coatings in the building and automotive industries is a major factor driving the global market for them.
Market Dynamics
Global paints and coatings market has witnessed significant growth in recent past years, owing to rising emergence and rampant adoption of new coating technologies such as waterborne coatings, high-solids coatings, two-component systems, powder coatings, and radiation-curable coatings. This is expected to boost demand for paints and coatings in the near future.
Major players in the global paints and coatings market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end user industries such as transportation, automotive, furniture, packaging, metal manufacturing and others. This is expected to fuel the market growth during the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective.
Table of Contents
Browse 45 market data tables* and 30 figures* on "Global Paints and Coatings Market” – Global forecast to 2030
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