Report Description Report Description and Highlights

Paints and Coatings Market Trends:

The escalating demand for these pigmented liquids and layers on panels, windows, walls, roofs, door frames, and interior extrusions for protection, decoration, and aesthetics and the expanding construction industry across the globe are among the primary factors driving the paints and coatings market. Besides this, the elevating product requirement in the automotive sector, owing to its color stability, continuous protective film formation, corrosion, abrasion and scratch resistance, flexibility, and durability, is further augmenting the market growth.

Moreover, the introduction of volatile organic compounds (VOC) free, block resistant, and organic paints and coatings manufactured using natural ingredients, including lemon peel extract, seed, clay, vegetable, and soybean oil, is also catalyzing the global market. Apart from this, the increasing utilization of environment-friendly and green coatings that minimize the adverse effects of infrared and ultraviolet (UV) radiations and improve the overall efficiency is acting as another significant growthinducing factor. Furthermore, the rising environmental consciousness among the masses, the growing popularity of waterborne and powder-based layers, the launch of several policies by the government bodies promoting infrastructural development, and the high inclination toward renovation activities are anticipated to propel the paints and coatings market over the forecasted period.

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Market Summary:

Breakup by Product:

• Waterborne Coatings

• Solvent-borne Coatings

• Powder Coatings

• High Solids/Radiation Curing

• Others

Breakup by Material:

• Acrylic

• Alkyd

• Polyurethane

• Epoxy

• Polyester

• Others