Paints And Coatings Market Global Briefing 2018

Paints And Coatings Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 33 | Published : January 2018

SKU CODE : 2630 | Format :

Paints are any liquids or liquefiable or mastic compositions which on application to a substrate in a thin layer will convert into a solid film. They are most commonly used to protect, color or provide texture to objects. An industrial coating is a paint or coating defined by its protective, rather than its aesthetic properties, although it can provide both. The most common use of industrial coatings is for corrosion control of steel structures such as offshore platforms, bridges and underground pipelines. The paints and coatings manufacturing industry comprises establishments that primarily mix pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water repellant coatings for concrete and masonry, and/or manufacture allied paints products, such as putties, paints and varnish removers, paints brush cleaners, and frit.

The global paints and coatings market is expected to reach around $350 billion in 2020. High demand in end user industries is considered to be one of the key drivers of the paints and coatings industry during the period 2016-2020. There is a rapid growth in consumption of paints and coatings in many industries. They are being widely used in the automotive, construction and manufacturing industries. Decorative paints and coatings are widely used in buildings and construction whereas protective paints and coatings are linked closely to the automotive, major appliance and industrial equipment industries.

Asia Pacific was the largest region in the paints and coatings market in 2017, accounting for around 57% market share. North America was the second largest region accounting for around 19% market share. Africa was the lowest region accounting for around 4% market share.

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