Europe Paints and Coatings Market, Global Varnishes Industry Trends - Ken Research
by Ashish Kumar Market ResearcherAny 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
Global Paints Market Import Value
Global Paints Market Export Value
Global Powder Coatings Market Trends
Global Paints Industry Future Outlook
Global Water Borne Coatings Market Analysis
Global Solvent Based Coatings Market Demand
Global Paint Market Competitors
Global Varnishes Industry Trends
Global Paints and Coatings Industry Research
North America Paints and Coatings Market
Asia Pacific Paints and Coatings Industry
Europe Paints and Coatings Market
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Created on Sep 13th 2017 02:27. Viewed 502 times.