Construction Paints And Coatings Global Market Report 2023 – By Product Type (Solvent-Borne Technologies, Water-Borne Coating, Power Coating, High Solids/ Radiation Cure, Other Product Types), By Resin Type (Polyurethane, Acrylic, Epoxy, Polyester, Alkyd), By Application (Residential, Commercial, Automotive And Aviation, Medical And Healthcare) – Market Size, Trends, And Global Forecast 2023-2032

The paints and coatings are products that manufactured by mixing pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paintbrush cleaners, and frit. The main types of paints and coatings are water-borne coatings, solvent-based coatings, powder coatings, and other types of paints and coatings. A waterborne coating is an environmentally friendly surface treatment that uses water as a solvent to disperse the resin used to make the coating or paint. The types of resins are acrylic, polyurethane, polyesters, epoxy, alkyd, and other types of resins. The performance range includes the commodity coating range, the engineering coating range, and the high-performance coating range. The applications involved are architectural, automotive, wood, packaging, aerospace, and other applications. The global paints and coatings market is segmented – 1) By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings 2) By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Other Applications 3) By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Other Type of Resins 4) By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range The global paints and coatings market grew from $230.96 billion in 2022 to $248.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The paints and coatings market is expected to grow to $326.09 billion in 2027 at a CAGR of 7.0%. There is a rapid growth in the consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction, and manufacturing industries. For instance, the global building construction market is expected to increase from $6.6 trillion in 2019 to $8.4 trillion in 2022. Similarly, the global transportation manufacturing market is expected to increase from $6.8 trillion in 2019 to $7.8 trillion in 2022. 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. Therefore, growth in end-user industries is expected to drive the paints and coatings market during the forecast period. Major companies in the paints and coatings market include Sherwin Williams Co, PPG Industries Inc., Akzo Nobel N.V, BASF SE, Nippon Paint Holdings Co Ltd., Axalta Coating Systems Ltd., Kansai Paint Co. Ltd., Asian Paints Limited, RPM International Inc., and Arkema SA. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the paints and coatings market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the paints and coatings market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Biocides are being used in paints to enhance their longevity and to maintain their quality. Biocide additives have been designed to protect paints from getting damaged during storage or to keep fungi and algae from growing on the applied paints. The market for biocides in paints will continue to grow due to the switch from solvent-based to water-based paints as they are not hazardous for human health and the environment and minimize fungal and algae growth. However, the replacement of traditional biocides based on chlorine and formaldehyde with environmentally friendly biocides adds to the cost of paint production. For instance, some of the major companies using biocide in paint manufacturing include The Dow Chemical Company, Troy Corporation, BASF SE, Thor Group, and AkzoNobel N.V. Asia-Pacific was the largest region in the paints and coatings market in 2022. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the paints and coatings market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The paints and coatings market consists of the sales of polyurethane coatings, epoxy coatings, alkyd coatings, zinc-rich coatings, and acrylic coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The paints and coatings market research report is one of a series of new reports from The Business Research Company that provides paints and coatings market statistics, including paints and coatings industry global market size, paints and coatings market regional shares, competitors with a paints and coatings market share, detailed paints and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the paints and coatings industry. This paints and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the paints and coatings industry.

Surface-active agents are substances with the ability to adsorb to solid surfaces and fluid interfaces and act as multifunctional ingredients. Surface-active agents are used in detergents, wetting agents, emulsifiers, foaming agents, and dispersants in order to lower the surface tension. The main product types of surface active agents market are non-ionic surfactants, anionic surfactants, amphoteric surfactants, and cationic surfactants. A cationic surfactant is a form of surfactant with a positive charge on its hydrophilic end. The substrates are synthetic and bio-based. The various applications involved are household detergent, personal care, industrial and institutional cleaners, food processing, oilfield chemicals, agricultural chemicals, textiles, plastics, paint and coating, adhesives, and other applications. The global surface active agents market is segmented - 1) By Product Type: Non-Ionic Surfactants, Anionic Surfactants, Amphoteric Surfactants, Cationic Surfactants 2) By Substrate: Synthetic, Bio-Based 3) By Application: Household Detergent, Personal Care, Industrial & Institutional Cleaner, Food Processing, Oilfield Chemical, Agricultural Chemical, Textile, Plastic, Paint & Coating, Adhesive and Other Applications The global surface active agents market size will grow from $28.85 billion in 2022 to $30.35 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global surface active agents is expected to grow from $37.94 billion in 2027 at a CAGR of 5.7%. An increase in demand for surface-active agents from various end-user industries is driving the market. Surfactants in the food industry are used as emulsifiers, which are important for the formation and stabilization of the food structure. Moreover, there is a growing awareness of healthy food, which requires bio-surfactants with high biodegradability and lower toxicity. According to a research study on biosurfactants, production, and application prospects in the food industry in 2020, among biosurfactant-producing microorganisms, some yeasts present no risks of toxicity or pathogenicity, making them ideal for use in food formulations. Moreover, globally, 50% of food surfactants produced are used in bakery products, indicating the number of surface-active agents required. The rising demand from end-users drives the surface active agents market. Major players in the surface active agents market are BASF SE, Clariant, Akzo Nobel N.V. (The Netherlands), Air Products and Chemicals (U.S.), E. I. DuPont de Nemours & Co. (U.S.), Kao Corporation, Stepan Company, Ashland, Evonik Industries AG, and Reliance Industries Ltd. Strict regulations imposed by government agencies are hindering the market's growth. Surfactants cause environmental and health issues, which compels regulatory bodies such as the United States Environmental Protection Agency (USEPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) to monitor the manufacturing units of surfactants to keep the toxicity levels as permissible. For instance, as per the US Food & Drug Administration, CFR—Code of Federal Regulations Title 21, the use of surfactants should not exceed 10 parts per million in the production of sodium chloride. An emulsifier should not exceed 0.1% of the finished frozen dessert for human consumption. Therefore, stringent policies on surfactants used in food industries hamper the growth of the market. Extra concentrated laundry detergents are becoming popular as they reduce water consumption. Companies are developing concentrated detergents that can save as much as 45 million gallons of water per year and also require less plastic for packaging and make transportation more energy-efficient. For example, Sokalan HP 20 improves the dissolution of the surfactants into the liquid, providing a 30%–50% reduction in cold-water dissolution time. Major companies manufacturing extra concentrated laundry detergents include Unilever, Procter & Gamble, Henkel AG & Company, and Church & Dwight Co., Inc. In September 2020, Stepan, a US-based manufacturer of specialty chemicals, acquired Clariant for an undisclosed amount. This acquisition of Clariant supports Stepan’s growth strategy in Latin America and enhances the ability to support customers’ growth in the Mexican consumer and functional markets for surfactants. Asia-Pacific was the largest region in the surface active agents market in 2022. Western Europe was the second-largest region in the surface active agents market report. The regions covered in the surface-active agents analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the surface active agents market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The surface active agents market consists of the sales of emulsifiers, dispersing and wetting agents, and various antiseptics. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The surface active agents market research report is one of a series of new reports from The Business Research Company that provides surface active agents market statistics, including surface-active agents industry global market size, regional shares, competitors with a surface active agents market share, detailed surface active agents market segments, market trends and opportunities, and any further data you may need to thrive in the surface-active agents industry. This surface active agents market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The synthetic pigment is a carbon-based molecule made from petroleum compounds, acids, and other chemicals. The synthetic pigments are used in products containing insoluble materials and minerals to endure high heat, intense light, and exposure to weather or chemical agents. The main product types of synthetic pigments market are inorganic pigments and organic pigments. Inorganic pigments are metal oxides and/or synthetic chemicals, which have very simple compositions but are finding wide use in paints and coatings. The various end-use industries are paints and coatings, plastics, printing inks, textiles, cosmetics, personal care, and other end-use industries. The global synthetic pigments market is segmented - 1) By Product Type: Inorganic Pigments, Organic Pigments 2) By End User Industry: Paints and Coatings, Plastics, Printing Inks, Textiles, Cosmetics and Personal Care, Other End Use Industries The global synthetic pigments market size will grow from $44.78 billion in 2022 to $48.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global synthetic pigments is expected to grow from $65.49 billion in 2027 at a CAGR of 7.8%. The demand for high-performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments, and pigments made from superior dispersion technologies is expected to drive the synthetic pigment market. These new and advanced pigments have the capability to cater to the fast-growing novel end-use industries and technologies such as 3D printing, the automotive industry, and others. For instance, DIC Corporation, a Japan-based chemical company, launched Sunbrite Yellow 74, an azo-based high-performance pigment on the market. High-performance pigments are becoming more affordable, and their market share is expected to increase rapidly. Major players in the synthetic pigments market are BASF SE, Archroma, DyStar, Huntsman, Clariant, Synthesia, Cromatos, Atul, Waterside colors, and DIC Corp. The growing awareness about the adverse health effects of certain synthetic pigments is pushing pigment manufacturers to shift from chemical-based synthetic pigments to natural pigments, negatively impacting the market. Manufacturers are focusing on shifting from chemical pigments to natural pigments to cater to consumer preferences for new textile colors that are also environmentally friendly. Synthetic pigments also have adverse effects on the health of people and the environment due to how emerging economies are shifting to natural pigments. Several developed and developing countries have imposed a ban on the import of synthetic pigments. The use of azo pigments is banned in developing countries such as India owing to their environmental and health impacts. Recently, there has been an increasing migration of manufacturing capacities from the West to low-cost countries in the Asia-Pacific region. This is mainly due to stringent environmental compliance in Europe and North America. Gradually maturing production technologies and the presence of strong downstream customer bases within countries such as China and India have been driving the demand for pigments in these countries in recent years. Examples of companies that have moved their manufacturing facilities to the Asia region are Huntsman Corp., DyStar, and Clariant. In June 2021, DIC Corporation, a Japanese chemical company completed the acquisition of BASF’s global pigments business, known as BASF Colors & Effects, for an undisclosed amount. The acquisition of BASF will strengthen DIC Corporation in the global pigments business. BASF is a German-based producer of chemicals and is also well known for its portfolio in segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Asia-Pacific was the largest region in the synthetic pigments market in 2022. Western Europe was the second-largest region in the synthetic pigments market report. The regions covered in the synthetic pigments industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic pigments market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The synthetic pigments market consists of the sales of alizarin, azo-pigments, phthalocyanine, quinacridone, and metal compounds. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The synthetic pigments market research report is one of a series of new reports from The Business Research Company that provides synthetic pigments market statistics, including synthetic pigments industry global market size, regional shares, competitors with a synthetic pigments market share, detailed synthetic pigments market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic pigments industry. The synthetic pigments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Cumene is a colorless, flammable liquid and has a penetrating, gasoline-like odor. Cumene is a combination of crude oil and refined fuels. It comprises a benzene ring with an isopropyl substitution. The main manufacturing processes of cumene are aluminum chloride catalyst, solid phosphoric acid (spa) catalyst, and zeolite catalyst. Cumene is a colorless, flammable liquid and has a penetrating, gasoline-like odor. The main applications of cumene include phenol, acetone, chromatography, and other applications. The various end-user industries of cumene are the paint industry, automotive industry, chemical industry, plastics industry, and other end-user industries. The global cumene market is segmented - 1) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst 2) By Application: Phenol, Acetone, Chromatography, Other Applications 3) By End Userr Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Other End-User Industries The global cumene market size will grow from $26.24 billion in 2022 to $27.22 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global cumene is expected to grow from $31.35 billion in 2027 at a CAGR of 3.6%. Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Acetone is used as a solvent in the pharmaceutical and cosmetic industries. Phenols are used for the production of epoxy resins used in paints and coatings. As a result, strong demand for phenols and acetones has resulted in their oversupply. The demand for acetone and phenol is increasing at a significant rate relative to supply, which offers new manufacturers great potential for establishing their facilities. The cumene market is expected to see a high growth rate during the forecast period due to an increase in global demand for acetone. For instance, according to the 2021 acetone market development report by ECHEMI, a Hong Kong-based chemical supply chain service company, the global acetone production capacity is expected to grow steadily in 2022 at an average rate of 2.1% from 2018 to 2022. Rising demand for phenols and acetones drove the cumene market. Major players in the cumene market report are Royal Dutch Shell PLC., Exxon Mobil Corporation, BP PLC., Sumitomo Chemical Co. Ltd., BASF SE, The Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited, and CEPSA. Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Cumene is used as a feedstock in the production of phenol and acetone. Acetone is used as a solvent in the pharmaceutical and cosmetic industries, whereas phenols are used for the production of paints and coatings. Thus, strong demand for phenols and acetones has resulted in a rise in the demand for cumene. For instance, according to the 2021 acetone market development report by ECHEMI, a Hong Kong-based chemical supply chain service company, the global acetone production capacity is expected to grow steadily in 2022 at an average rate of 2.1% from 2018 to 2022. Thus, the rising demand for phenols and acetones positively drives the growth of the cumene market. Companies in the cumene market are investing to meet the future demand. For instance, in Germany, INEOS Phenol, the world’s largest producer of acetone and phenol, has already made a new cumene investment at the Evonik Chemiepark in Marl. The fully integrated unit will use existing pipeline connections between the production of INEOS phenol and acetone in Gladbeck, the Marl site of Evonik Chemiepark, and the Gelsenkirchen refinery and cracker complex of BP. The new 750,000-tonne cumene unit was expected to be completed in 2021, will meet future demand and improve supply protection for INEOS plants in Gladbeck and Antwerp. In addition, in August 2021, Lummus Technology, a global licensor of proprietary petrochemical, refining, gasification and gas processing technologies achieved successful plant acceptance from Formosa Chemicals and Fibre Corp., a Taiwan-based chemicals company for the firm’s cumene and phenol plant expansion in Ningbo, China. The plant now boasts a 600 kMTA cumene and 400 kMTA phenol capacity. In August 2022, Ineos, a UK-based chemicals company acquired all the assets of Mitsui Phenol Co. Ltd., located in Jurong Island, Singapore, from Mitsui Chemicals for $330 million. The acquisition strengthens the existing portfolio of Ineos and enable integration of business while adding around 1 million tons of production capacity including of cumene. Mitsui Chemicals is a Japanese chemicals company. Asia-Pacific was the largest region in the cumene market in 2022. Middle East was the second-largest region in the global cumene market share. The regions covered in the cumene market insights report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the cumene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The cumene market consists of the sales of cumene used in the production of iron, steel, rubber, pulp, and paper. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cumene market research report is one of a series of new reports from The Business Research Company that provides cumene market statistics, including cumene industry global market size, regional shares, competitors with a cumene market share, detailed cumene market segments, market trends and opportunities, and any further data you may need to thrive in the cumene industry. This comprehensive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Xylene is a chemical compound composed of isomers derived from refined petroleum or liquid hydrocarbons. Xylene can also occur naturally in petroleum and coal tar. It is a colorless, insoluble, flammable liquid with a sweet odor. The main types of xylene are ortho-xylene, meta-xylene, para-xylene, and mixed xylene. Ortho-xylene is a clear, colorless, poisonous, and flammable liquid, C8H10, the ortho isomer of xylene used mainly in the synthesis of phthalic anhydride. The applications are automotive, textile, chemical, oil and gas, leather, paints and coatings, and rubber. The various end-users are plastics and polymers, paints and coatings, adhesives, and other end-users. The global xylene market is segmented - 1) By Type: Ortho-Xylene, Meta-Xylene, Para-Xylene, Mixed Xylene 2) By Application: Automotive, Textile, Chemical, Oil and Gas, Leather, Paints and Coatings, Rubber 3) By End User: Plastics and Polymers, Paints and Coatings, Adhesives, Other End Users The global xylene market size will grow from $202.06 billion in 2022 to $210.66 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the xylene is expected to grow from $246.43 billion in 2027 at a CAGR of 4.0%. The increasing demand for paraxylene across the globe contributes to the growth of the xylene market. Paraxylene is one of the isomers of xylene and is essential in the production of polyethylene terephthalate (PET). PET is used in industries such as beverage packaging, consumer goods, sheets & films, food packaging, automotive, and construction. The increase in the need for packaging materials has increased the demand for PET and hence contributed to the growth of the paraxylene market. To meet the increasing demand for paraxylene, new production plants have been set up. For instance, according to Jinlianchuang, a Chinese provider of comprehensive digital and intelligent services for bulk commodities, in 2022, China is expected to have 6 sets of paraxylene units in operation with a production capacity of 11.89 million tons/year with a 41.3% increase. The increase of production capacity will support the increasing demand for paraxylene. The growing demand for paraxylene thereby drives the xylene market. Major players in the xylene market are Braskem S.A., ExxonMobil Corporation, Honeywell International Inc., BP PLC., Chevron Phillips Chemical, Merck KGaA, Mitsubishi Gas Chemical Company, US Petrochemical Industries Inc., Braskem, and JX Nippon Oil and Energy Corporation. Stringent safety regulations associated with the manufacture and transportation of xylene were a major restraint on the market. Xylene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this market should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations as they may harm the environment and population. Humans die when exposed to xylene in concentrations greater than 10,000 ppm (per million parts per million). To provide a safe environment, government agencies put restrictions on the amount of xylene that can be released into the environment. For instance, the Occupational Safety and Health Administration (OSHA) has set the maximum permissible level of xylene in workplace air at 100 ppm during an 8-hour workday and 40-hour week, thus restricting the growth of the xylene market. The manufacturers in the xylene market are focusing on increasing their production capacity. The major players in the xylene market are investing in expanding the capacities of their existing plants and setting up new plants. For instance, in February 2022, Origin Materials, a US-based chemicals company launched its second plant in Geismar, Louisiana to make polyethylene terephthalate precursor p-xylene. In addition, in 2022, Iran will start the construction of a new 300,000 b/d refinery Shahid Soleimani which is expected to produce propylene, ethylene and paraxylene along with gasoline, diesel, jet fuel, and fuel oil. The project will be completed in next 5 years. Asia-Pacific was the largest region in the xylene market in 2022. Middle East was the second-largest region in the global xylene market share. The regions covered in the global xylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the xylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The xylene market consists of the sales of xylene used as a cleaning agent, paint thinner and remover, varnish, airplane fuel, gasoline, rust preventatives, pesticides, and lacquers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The xylene market research report is one of a series of new reports from The Business Research Company that provides xylene market statistics, including xylene industry global market size, regional shares, competitors with a xylene market share, detailed xylene market segments, market trends and opportunities, and any further data you may need to thrive in the xylene industry. This xylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The synthetic dye is a chemical substance produced to add vibrant, stable colors to products such as soaps, shampoos and mouthwashes. The synthetic pigment is a carbon-based molecule made from petroleum compounds, acids, and other chemicals. The synthetic dye and pigment include lakes and toners (except electrostatic and photographic). The main types of synthetic dye and pigment are synthetic dyes and synthetic pigments. Synthetic dyes are organic dyes derived from coal-tar derivatives but synthesized from benzene and its derivatives. The dye types are acid dye, reactive dye, dispersed dye, basic dye, vat dye, and other dye types. The pigment types are organic and inorganic. The various applications involved are textiles, food and beverages, paints and coatings, cosmetics and personal care, and other applications. The global synthetic dye and pigment market is segmented - 1) By Type: Synthetic Dye, Synthetic Pigments 2) By Dye Type: Acid Dye, Reactive Dye, Disperse Dye, Basic Dye, VAT Dye, Other Dye Types 3) By Pigment Type: Organic, Inorganic 4) By Application: Textiles, Food and Beverages, Paints and Coatings, Cosmetics and Personal Care, Other Applications Subsegments Covered: Disperse Dyes, Acid Dyes, Basic Dyes, Direct Dyes, VAT Dyes, Reactive Dyes, Other Dyes, Organic Pigments, Inorganic Pigments, Textile, Food & Beverages, Paper, Ink, Leather, Others, Paints & Coatings, Plastics, Printing Inks, Textile, Cosmetics & Personal Care, Others The global synthetic dye and pigment market grew from $60.41 billion in 2022 to $65.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic dye and pigment market is expected to grow to $89.65 billion in 2027 at a CAGR of 8.1%. The synthetic dye and pigment market is expected to be driven by the rapidly growing packaging industry. This is mainly due to increased demand for toiletries, food and beverages, healthcare, and other industries, particularly in emerging economies. Going forward, the market for synthetic dye and pigment is expected to grow with the launch of high-quality digital printing applications on flexible packaging and labeling. Growing demand for digital printing due to the need for high-quality printing will lead to an increase in the demand for packaging printing, driving the synthetic dye and pigment market. Major companies in the synthetic dye and pigment market include BASF SE, The Chemours Co, Tronox Inc., Kronos Worldwide Inc., DIC Corporation, Kao Corporation, Lanxess AG, Merck KGaA, Ferro Corp, and Sudarshan Chemical Industries Limited. The growing awareness about the adverse health effects of certain synthetic dyes is pushing dyes and pigments manufacturers to shift from chemical-based synthetic dyes to natural dyes, negatively impacting the market. Manufacturers are focusing on shifting from chemical dyes to natural dyes to cater to consumer preferences for new textile colors that are also environmentally friendly. Synthetic dyes also have adverse effects on the health of people and the environment due to how emerging economies are shifting to natural dyes. Several developed and developing countries have imposed a ban on the import of synthetic dyes. The use of azo dyes is banned in developing countries such as India owing to their environmental and health impacts. Many textile companies are adopting eco-friendly dyes for producing textiles and fabrics. These companies do not use harmful dyes as they cause extensive damage to the environment and are known to cause skin allergies and respiratory diseases. Due to the positive environmental characteristics and low toxicity of eco-friendly dyes, many companies are moving toward eco-friendly organic dyes, though they are priced higher than inorganic dyes. Companies that manufacture eco-friendly dyes include DyStar, Huntsman, and Archroma. Asia-Pacific was the largest region in the synthetic dye and pigment market in 2022. Western Europe was the second-largest region in the synthetic dye and pigment market. The regions covered in the synthetic dye and pigment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic dye and pigment market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The synthetic dye and pigment market consists of the sales of alizarin, azo-pigments, phthalocyanine, metal compounds, azoic dyes, chrome dyes, and direct dyes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The synthetic dye and pigment market research report is one of a series of new reports from The Business Research Company that provides synthetic dye and pigment market statistics, including synthetic dye and pigment industry global market size, regional shares, competitors with a synthetic dye and pigment market share, detailed synthetic dye and pigment market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic dye and pigment industry. This synthetic dye and pigment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Ethyl acetate is the acetate ester organic compound formed by the combination of acetic acid and ethanol. It’s a colorless liquid with a fruity odor that has less density than water and vaporizes in air. Ethyl acetate is a natural product found in various plants such as vitis rotundifolia, cinnamomum burmannii, and others. Ethyl acetate is used as solvents in paints, coatings, cleaning mixtures, decaffeinating coffee beans, and others. The main sales channel of ethyl acetate is direct company sales. direct import and distributors & traders. Direct company sale refers to the use of various activities to sell ethyl acetate products directly to the customers. The various applications of ethyl acetate include adhesives and sealants, paints and coatings, pigments, process solvents intermediates, and other applications that are used by end-users industries such as includes automotive, artificial leather, food and beverage, pharmaceuticals, and other end-user industries. The global ethyl acetate market is segmented - 1) By Sales Channel: Direct Company Sale, Direct Import, Distributors and Traders. 2) By Application: Adhesives and Sealants, Paints and Coatings, Pigments, Process Solvents, Intermediates, Other Applications. 3) By End-user Industry: Automotive, Artificial Leather, Food and Beverage, Pharmaceuticals, Other End-user Industries. The global ethyl acetate market size grew from $4.32 billion in 2022 to $4.76 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global ethyl acetate is expected to grow to $6.68 billion in 2027 at a CAGR of 8.8%. The increasing demand for paints and coatings is expected to propel the growth of the ethyl acetate market. Ethyl acetate is commonly used as an industrial solvent in paints and coatings to dissolve pigments and act as a hardener, which gives long-lasting effects after application to surfaces. The construction industry and the application of painting and coating to existing buildings and infrastructure for décor and protection have significantly increased the usage of paints and coatings applications. According to the European Coatings article, paints and coatings saw a rise in volume from 14 percent in 2021 to 22 percent in 2022 with the majority of applications decorating new and old infrastructure. Therefore, the increasing demand for paint and coating applications is driving the growth of the ethyl acetate market. Major players in the ethyl acetate market are Celanese Corporation, Daicel Corporation, Eastman Chemical Company, Ineos Capital Limited, Jiangsu Sopo Group Co Ltd., Jubilant Ingrevia Limited, Kai Co Ltd., Sipchem Company, Showa Denko K.K, Wuxi Baichuan Chemical Industrial Co Ltd., Yip’S Chemical Holdings Ltd., Solventis, Ashok Alco - Chem Limited (Aacl), Svensk Etanol Kemi Ab (Sekab), Indo Acidatama Tbk Pt, Solvay S.A., Merck Kgaa, Shandong Jinyimeng Group Co Ltd., Godavari Biorefineries Ltd., Lonza Group, and Iol Chemicals And Pharmaceuticals Ltd. Technological advancement is the key trend gaining popularity in the ethyl acetate market. Major companies operating in the ethyl acetate market are focused on developing technologically advanced solutions to strengthen their market position. For instance, in October 2020, Linde plc, a Germany-based company operating in industrial gases and the production of ethyl acetate, launched Linde EDHOX ethylene technology. Linde EDHOX ethylene technology works on catalytic technology, a chemical process in which the catalyst or substrate is added to change the pace of the reaction to get the desired result. Linde EDHOX is an oxidative process that converts ethane into ethylene and acetic acid in mild conditions in a commercial-size reactor. In January 2021, Ineos Group Ltd., a United Kingdom-based chemicals company, acquired BP plc's Aromatics & Acetyls business for a $5 billion deal. With the acquisition, INEOS aims to strengthen its petrochemical, aromatics, and acetyls product portfolio and gain the reach of the business. BP plc is a United Kingdom-based company operating in petrochemicals and ethyl acetate. Asia-Pacific was the largest region in the ethyl acetate market in 2022 and is expected to be the fastest-growing region in the ethyl acetate market during the forecast period. The regions covered in global ethyl acetate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ethyl acetate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The ethyl acetate market consists of sales of ethyl acetate that is used as solvent for varnishes, paints and lacquers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ethyl acetate market research report is one of a series of new reports from The Business Research Company that provides Ethyl acetate market statistics, including ethyl acetate industry global market size, regional shares, competitors with ethyl acetate market share, detailed Ethyl acetate market segments, market trends and opportunities, and any further data you may need to thrive in the ethyl acetate industry. This ethyl acetate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Billboard advertising is the process of promoting a brand, offering, or campaign by using large-scale print and digital advertising boards. Outdoor advertising refers to advertisements that reach customers while they are outside their homes. The main types of billboards and outdoor advertising are painted billboards, digital billboards, multi-purpose billboards, mobile billboards, and others. A digital billboard is a billboard that shows digital graphics that are altered every several seconds by a computer. Although digital billboards are mostly used for advertising, they can also be used for public service. The various applications of the services include highways, railway stations, buildings, automobiles, and others and are used by retail, banks and financial institutions, commercial buildings, media and entertainment, government, and transportation. The global billboard and outdoor advertising market is segmented - 1) By Type: Painted Billboards, Digital Billboards, Multi-purpose Billboards, Mobile Billboards, Other Types 2) By Application: Highways, Railway Stations, Buildings, Automobiles, Other Applications 3) By End-User: Retail, Banks & Financial Institutions, Commercial Buildings, Media & Entertainment, Government, Transportation The global billboard and outdoor advertising market size will grow from $65.45 billion in 2022 to $67.8 billion in 2023 at a compound annual growth rate (CAGR) of 3.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global billboard and outdoor advertising is expected to grow to $76.03 billion in 2027 at a CAGR of 2.9%. The increase in digital out-of-home (DOOH) advertising is expected to contribute to the growth of the billboard and outdoor advertising markets. Out of home (OOH) advertising refers to advertising outside of the home and includes billboards, bus shelters, wallscapes, and posters. Outdoor signage, digital billboards, and television screens are all examples of DOOH. In contrast to traditional billboards that show static images all the time, digital boards display more live images and can run multiple advertisements, thereby attracting more consumers. According to the Indian Institute of Digital Education, the global internet/digital advertising market was valued at $319 billion in 2019 and is predicted to reach $1,089 billion by 2027, with a CAGR of 17.2% from 2020 to 2027. DOOH, in recent times, has seen lucrative growth and is expected to grow more in the forecast period because of its engaging and interactive nature. Major players in the billboard and outdoor advertising market are JCDecaux, Capitol Outdoor LLC., Clear Channel Outdoor Holdings Inc., Lamar Advertising Co., OUTFRONT Media Inc. and Focus Media. Several regulatory standards employed by governments across the globe for advertising at particular locations or spaces are a key factor hampering the growth of the global billboard and outdoor advertising market. In the UK, advertising of alcohol, e-cigarettes, sweets and fast food is prohibited within 200 metres of a school. It is also not allowed to do any political advertising on bus shelters. The Committee of Advertising Practice (CAP) looks after non-broadcast advertising in the UK and has extensive regulations covering areas such as environmental claims, gambling and lotteries, alcohol sales, and the selling of e-cigarettes, to mention a few. Many states in the US are adopting lighting standards to prevent glare from digital billboards to ensure they do not affect the vision of people passing by them. Puerto Rico and the other 12 states have made it mandatory for digital billboards to adjust the brightness to the surrounding environment and light. The digital billboards come equipped with light sensors that adjust brightness at different times of the day. These regulatory standards are for the betterment of society but are proving to be hindrances for the advertising business. The expansion of programmatic media buying is a growing trend in the field of digital out-of-home (DOOH) advertising. Programmatic advertising refers to the use of automated technology for buying advertising space in contrast to traditional methods of digital advertising. This method employs data insights and algorithms to display the appropriate advertisements to the appropriate person at the appropriate time and price. About 82% of viewers were able to recall a DOOH advertisement that they saw over a month ago. The brands have now expanded their in-house programmatic media buying capabilities. For instance, in April 2021, PubMatic, Inc., a sell-side platform that delivers superior results for digital advertising, announced today that BT, a multinational telecommunications company, and Essence, a data and measurement-driven agency part of GroupM, have successfully used a buyer-controlled fee structure to gain control and transparency over all programmatic inventory purchased through PubMatic. The collaboration between BT, Essence, and PubMatic has provided BT with improved visibility into how much of its total media spend reaches end publishers and has assisted them in investigating the 'unknown delta'—the lost or unaccounted-for ad spend between advertisers and publishers during a programmatic auction. In January 2021, Link Media Outdoor, a provider of traditional and digital billboards in the United States, acquired Thomas Outdoor Advertising, Inc.'s outdoor advertising assets for an unknown amount. Link's Kansas footprint has been considerably strengthened by the acquisition of the Thomas assets, which allows them to expand their service to advertisers and customers across the state. Thomas Outdoor Advertising, Inc. is a US-based billboard advertising company. Asia-Pacific was the largest region in the billboard and outdoor advertising market in 2022. North America was the second largest region in the global billboard and outdoor advertising market analysis. The regions covered in the global billboard and outdoor advertising market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the billboard and outdoor advertising market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The billboard and outdoor advertising market consists of revenue earned by entities by providing services such as creating and designing public display advertising campaign materials, such as printed, painted, or electronic displays, and/or place such displays on indoor or outdoor billboards and panels, or on or within transit vehicles or facilities, shopping malls, retail (in-store) displays, and other display structures or sites. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The billboard and outdoor advertising market research report is one of a series of new reports from The Business Research Company that provides billboard and outdoor advertising market statistics, including global and regional market sizes, competitors with a billboard and outdoor advertising market share, detailed billboard and outdoor advertising market segments, market trends and opportunities, and any further data you may need to thrive in the billboard and outdoor advertising industry. This billboard and outdoor advertising market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.