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 top five companies covered are PPG Industries Inc., The Sherwin-Williams Company, AkzoNobel N.V., Dow Chemical, and RPM International Inc. PPG Industries Inc. was the largest company in the paints and coatings market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Paints and Coatings Global Market Size
The global paints and coatings market was valued around $196 billion in 2017. Asia Pacific was the largest region in the paints and coatings market in 2017, accounting for around 57% of the total market. China was the largest country in the market accounting for around 31% of the total market.
Paints and Coatings Global Market Trend
PET technology enables homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments used as paint formulators. The main performance of the coatings comes from the bulk of the binder composition, however additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing and specific morphology can boost overall performance, improving the dirt pick up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources.
Paints and Coatings Global Market Segmentation
The paints and coatings market is segmented into Water Borne Coatings, Solvent Based Coatings, Powder Coatings & others.
Water Borne Coatings Solvents contains organic co solvents that use water as a solvent to disperse resin.
Solvent Based Coatings liquefying agents that evaporate through a chemical reaction with oxygen.
Powder Coatings keeps the binder and filler parts in a liquid suspension form.