The inorganic pigments refer to coloring materials sourced from natural minerals or ores, such as oxides, sulfurides, or different metallic slats. The inorganic pigment is useful in coloring rubber, plastics, glass, ceramics, and architectural coatings. The main types of inorganic pigments are natural inorganic pigments and synthetic inorganic pigments. Natural inorganic pigments refer to the pigments extracted from the earth's surface in their natural states, such as ochers, umbers, and others. Iron oxide and hydroxide are the substances that provide color to the pigments. They are made of carbon black, chromium oxide, iron oxide, titanium dioxide, and other elements and are used in plastics, paints and coatings, printing inks, glass and ceramics, cosmetics, the paper industry, pharmaceuticals, and the food industry, among other things.  The inorganic pigments market research report is one of a series of new reports from The Business Research Company that provides inorganic pigments market statistics, including Inorganic pigments industry global market size, regional shares, competitors with a inorganic pigments market share, detailed inorganic pigments market segments, market trends and opportunities, and any further data you may need to thrive in the inorganic pigments industry. These inorganic pigments 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. The global inorganic pigments market grew from $22.84 billion in 2022 to $25.12 billion in 2023 at a compound annual growth rate (CAGR) of 9.97%. 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 inorganic pigments market size is expected to grow to $36.01 billion in 2027 at a CAGR of 9.42%. The growth in construction activities drives the inorganic pigments market. Construction has been on the rise due to rapid industrialization and urbanization. Inorganic pigments are essential constituents in paints and coatings used in the buildings and other construction equipment to impart color so that exterior durability is maintained. According to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Therefore, the increasing spending on construction is driving the growth of the inorganic pigments market. Product innovation is the key trend in the inorganic pigments market. Companies in the inorganic pigment market are focusing on product innovations to strengthen their position in the market. It involves introducing dispersing agents, ultra-low moisture pigment, lead-free coatings, and others. For instance, in June 2022, Clariant, a Switzerland-based manufacturer of specialty chemicals, launched its first universal polymeric dispersing agent for high-quality pigment preparations that can incorporate organic and inorganic pigments and can be used in all water-based paint systems. Furthermore, waterborne pigment preparations containing Dispersogen Flex 100 may be compatible with solvent-borne base paint systems. The new universal solution provides an innovative, multifunctional, and simple-to-use additive to pigment paste producers and paint producers who also produce pigment pastes. In June 2021, DIC Corporation, a Japan-based chemicals company specializing in the development, production, and marketing of biochemicals, specialty plastics and compounds, inks, pigments, polymers, and specialty plastics, acquired BASF's global pigments business, known as BASF Colors & Effects (BCE) for an undisclosed amount. This acquisition will combine the two firms' complementary product, manufacturing, supply chain, and customer service portfolios to provide customers with more adaptable solutions. BASF Colors & Effects (BCE) is a Germany-based company that offers colorants and pigments. Major players in the inorganic pigments market are BASF SE, DIC Corporation, Tronox Limited, EI du Pont de Nemours and Company, Ferro Corporation GmbH, Heubach GmbH, Huntsman International LLC, LANXESS AG, Rockwood Company, LLC, VIBFAST PIGMENTS PVT. Ltd., VOXCO India, Musclerox, Ultramarine & Pigments Limited, Qualitron Chemicals, Paramount Colors and Sona Synthetics Products. Asia-Pacific was the largest region in the inorganic pigments market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in inorganic pigments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the inorganic pigments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The inorganic pigments market consists of sales of lead oxide and cobalt blue. 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 global inorganic pigments market is segmented - 1) By Product: Natural Inorganic Pigments, Synthetic Inorganic Pigments 2) By Type: Carbon Black, Chromium Oxide, Iron Oxide, Titanium Dioxide, Other Types 3) By Application: Plastics, Paints And Coatings, Printing Inks, Glass And Ceramics, Cosmetics, Paper Industry, Pharmaceuticals, Food 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 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 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. This 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. 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 global synthetic pigments market size 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. 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. Major players in the synthetic pigments market are BASF SE, Archroma, DyStar, Huntsman, Clariant, Synthesia, Cromatos, Atul, Waterside colors, and DIC Corp. Asia-Pacific was the largest region in the synthetic pigments market in 2022. Western Europe was the second-largest region in the global synthetic pigments market. The regions covered in the global synthetic pigments market 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 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 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 pigments 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 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. 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 dyes and pigments 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 dyes and pigments 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 dyes and pigments market. 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. 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. 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 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, Printig Inks, Textile, Cosmetics & Personal Care, Others

The pigment dispersion are dry pigments dispersed in liquid material, which is stabilized using resins or surfactants/additives to minimize the formation of lumps. The process involves replacing air-solid interfaces within the dry powder with liquid-solid interfaces. They are generally used in additive quantities to impart color to a wide variety of products. The main types of pigment dispersion are organic pigments and inorganic pigments. Organic pigments are colored materials made of organic compounds with pigment properties. The various dispersion types are water-based dispersions and solvent-based dispersions and are employed in chemicals and petrochemicals, oil and gas, energy and power, automotive, food and beverages, healthcare, and other industry verticals. The pigment dispersion market research report is one of a series of new reports from The Business Research Company that provides pigment dispersion market statistics, including global market size, regional shares, competitors with a pigment dispersion market share, detailed pigment dispersion market segments, market trends and opportunities, and any further data you may need to thrive in the pigment dispersion industry. This pigment dispersion 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. The global pigment dispersion market size grew from $37.21 billion in 2022 to $39.78 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. 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 pigment dispersion market size is expected to grow to $49.14 billion in 2027 at a CAGR of 5.4%. The rising demand for paints and coatings is expected to propel the growth of the pigment dispersion market going forward. Paints are a mixture of opaque pigments or powders in a liquid. Pigment dispersions are used to color many types of materials, such as paints and coatings or plastics, with applications in various fields, including decorative and industrial. For instance, according to the American Coatings Association, in 2020, the coating industry shipped more than $13.6 billion of architectural coatings. Therefore, the rising demand for paints and coatings is driving the growth of the pigment dispersion market. Technological advancements are the key trends gaining popularity in the pigment dispersions market. Major companies operating in the pigment dispersion sector are focused on bringing advancements in technology to strengthen their position. For instance, in September 2020, BASF, a Germany-based chemical company, introduced an innovative dura-color technology, which is an anti-aging paint concept that helps protect the paint from deterioration over a long period. It has innovative and highly durable polymer dispersions for paints that resist damage from sunlight and humidity with an optimized surface to prevent dirt penetration and deter pollution. In June 2021, DIC Corporation, a Japan-based chemical company, acquired BASF SE pigment business for an undisclosed amount. The acquisition would broaden DIC’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks, and specialty applications. BASF SE is a Germany-based chemical company that manufactures pigment dispersions. Major players in the pigment dispersion market are Achitex Minerva S.p.A., Altana AG, American Elements, Apollo Colors Inc., Aralon Color GmbH, Aum Farbenchem Pvt. Ltd., Flint Group, Cabot Corporation, Chromaflo, Clariant AG, Decorative Color & Chemical Inc., DIC Corporation, Dunn-Edwards Corporation, and DyStar Group. Asia-Pacific was the largest region in the pigment dispersion market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the pigment dispersion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pigment dispersion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The pigment dispersion market consists of revenues earned by entities by providing pigment dispersion done through pigment wetting, deagglomeration and stabilization. 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 global pigment dispersion market is segmented - 1) By Pigment Type: Organic Pigments, Inorganic Pigments 2) By Dispersion Type: Water-Based Dispersions, Solvent-Based Dispersions 4) By Industry Vertical: Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food And Beverages, Healthcare, Other Industry Verticals

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 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, 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 industry. 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 paint and coatings market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the paint 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. 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. 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 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

Waterborne coatings are coatings that use water as a solvent to spread a resin, making them environmentally safe and simple to apply. Waterborne coatings utilize binders such as copolymers of acrylic, vinyl, and styrene compounds. The main types of water-borne coatings are acrylic, epoxy, polyurethane, polyester, alkyd, polyvinylidene chloride (PVDC), polyvinylidene fluoride (PVDF), and others. Polyurethane is a type of plastic that is commonly used to manufacture paint or substances that prevent water or heat from getting through. The water-borne coatings are applied in appliances, automotive, architectural, marine, packaging, wood, and general industry and are used by building and construction, automotive, industrial, wood, and other sectors. The water-borne coatings market research report is one of a series of new reports from The Business Research Company that provides water-borne coatings market statistics, including global market size, regional shares, competitors with a water-borne coatings market share, detailed water-borne coatings market segments, market trends and opportunities, and any further data you may need to thrive in the water-borne coatings industry. This water-borne 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 industry. The global water borne coatings market size will grow from $107.98 billion in 2022 to $114.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. 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 global water borne coatings market size is expected to grow from $142.61 billion in 2027 at a CAGR of 5.6%. There is a rapid growth in the consumption of water-borne coatings in many industries, such as automotive, construction, and manufacturing. Water-borne coatings are widely used in printing inks, in the automotive OEM sector, plastics, and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for waterborne coatings. Rising costs are acting as a restraint on the waterborne coatings market. The rise in raw material costs resulted in higher manufacturing costs, thus decreasing investment in research and development of new products. For instance, according to a blog by HPS Hygienic Pigging Systems, a UK-based integrated design and manufacturing company, the prices of raw materials used to make paint and coatings such as solvents increased in March 2021 with acetone at 123%, n-butyl acetate at 91%, and n-butanol at 54% respectively. The prices of raw materials increased by 10% more in June 2021 and by around 50% in December 2021. Thus, the rise in raw material costs will restrict the growth of the market. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs puts pressure on companies to protect margins while maintaining the quality of their products. Smart coatings and high-performance coating technologies are being adopted by companies to enhance the efficiencies of coating compounds. Nanocoatings are a type of smart coating that has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion, and micro-bacterial growth. Fluoropolymer coating is known for its high-performance properties such as durability and cost-efficiency. Major players in the water-borne coatings market are BASF SE, Axalta Coating Systems LLC., Berger Paints India Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Tikkurila Oyj. Asia-Pacific was the largest region in the water-borne coatings market in 2022. Western Europe was the second-largest region in the global water-borne coatings market. The regions covered in the global water-borne coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water borne coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The waterborne coatings market consists of the sales of waterborne powder, urethane, and fluoropolymer waterborne 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 global water borne coatings market is segmented - 1) By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types 2) By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial 3) By End Userr Industry: Bilding and Construction, Automotive, Industrial, Wood, Other End-User Industries

Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability. The main types of solvent-based coatings are one-component system solvent-borne coatings and two-component system solvent-borne coatings. A two-component (2K) solvent-borne coating formulation consisting of dispersion as a first component and an acrylate binder with hydroxyl functionalities. The solvent-based coatings are applied in automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks that are used in utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals. The solvent based coatings market research report is one of a series of new reports from The Business Research Company that provides solvent based coatings market statistics, including solvent based coatings industry global market size, regional shares, competitors with a solvent based coatings market share, detailed solvent based coatings market segments, market trends and opportunities, and any further data you may need to thrive in the solvent based coatings industry. This solvent-based 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 industry. The global solvent based coatings market size will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. 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 global solvent based coatings market size is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%. Solvent-based coatings are beneficial in humid environments. The time required to dry solvent-based coatings is very short when compared to water-based coatings, which are less efficient in humid environments. Solvent-based coatings are composed of liquefying agents that help speed up the drying process through a chemical reaction with the oxygen available in the environment. This nature of solvent-based coatings makes them easy to apply in a humid environment and at different temperatures. Moreover, many industries prefer solvent-based coatings to avoid chemical reactions owing to their quick-drying nature. For example, companies like Jamestown Coating Technologies produce industrial paints that are solvent-based and more durable when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings benefits their application in humid environments and thereby contributes to the growth of the market. Solvent-based coatings release volatile organic compounds (VOC) into the environment, causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, the emission of VOCs into the atmosphere from solvent-based coatings limits the growth of the market. The adoption of PET technology is increasing as it enables the homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in the organic phase, which is a solvent phase. 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. Some of the major companies that have adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company, and RPM International Inc. Major players in the solvent based coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA. Asia-Pacific was the largest region in the solvent based coatings market in 2022. Western Europe was the second-largest region in the global solvent based coatings market. The regions covered in the global solvent based coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent based coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent-based coatings market consists of the sales of alkyd, polyester high solids, single component epoxy, 2-component urethane & epoxy, fluoropolymer 2-component, and non-isocyanate 2-component acrylic solvent-based 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 global solvent based coatings market is segmented - 1) By Type: One Component System Solvent Borne Coating, Two Component System Solvent Borne Coating 2) By Application: Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks 3) By Industry Vertical: Utilities, Oil & Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals

Powder coating is a finishing process that keeps the binder and filler parts in a liquid suspension form. Powder coating is a technique that generally involves coating an entity with free-flowing, dry powder electrostatically and then curing it under heat or with ultraviolet light. The main types of powder coatings are thermoset and thermoplastic. Thermoset materials are used in the majority of powder coating techniques because they can offer a durable and beautiful surface layer. The main coating methods are electrostatic spray and the fluidized bed that is applied in appliances, automotive, architectural, furniture, agriculture, construction, earthmoving equipment (ACE), general industrial, and other sectors. The powder coatings market research report is one of a series of new reports from The Business Research Company that provides powder coatings market statistics, including powder coatings industry global market size, regional shares, competitors with a powder coatings market share, detailed powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the powder coatings industry. This powder 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 industry. The global powder coatings market size will grow from $17.82 billion in 2022 to $19.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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 global powder coatings market size is expected to grow from $24.79 billion in 2027 at a CAGR of 6.7%. Powder coatings release a negligible amount of volatile organic compounds (VOC) when compared to solvent-based coatings. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are trying to enforce different regulatory acts to reduce the emissions of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, limitations on products that generate high VOCs promote the sales of powder coatings, thereby driving the market. Powder coating is an energy-intensive process that consumes more energy during the curing process. Curing is a chemical process where paint is allowed to dry and harden. The high consumption of energy increases the operating expenses of manufacturing companies. For example, in Sweden, nearly 350 powder coating plants are using more than one metric ton of coating powder, which accounts for the total energy usage of 525 GWh/year, corresponding to 1.5 GWh/year per plant. Thus, the high energy consumption of powder coating restrains the growth of the market. Companies are now focusing on a new coating technology for heat-sensitive substrates such as medium-density fiberboard (MDF). This technology consumes less power as the curing process is done at a lower temperature compared to the conventional method. For instance, IGP-RAPID, released by IGP, is based on new raw materials combined with IGP technology and enables low-temperature powder coatings at 266 °F (130 °C) and curing times of 3 minutes. This technology is ecological, enhances product design, and provides long-term functional protection. Major players in the powder coatings market are AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation, Asian Paints, and RPM International Asia-Pacific was the largest region in the powder coatings market in 2022. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the global powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the powder coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The powder coating market consists of the sales of epoxies, polyesters, super durable polyesters, epoxy-polyester hybrids, fluoropolymers, and urethanes powder 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 global powder coatings market is segmented - 1) By Type: Thermoset, Thermoplastic 2) By Coating Method: Electrostatic Spray, Fluidized Bed 3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications