Paint & Coating Industry: Advanced Technologies & Influence of Environmental Regulations

The market for coatings and paints includes liquid-based and powder-based paints, varnishes and related products used in the architectural and decorative, industrial and specialty product segments. Interior and exterior paints, primers, sealers and varnishes used in homes and buildings are part of the architectural and decorative segment. Products that are factory-applied to manufactured goods as part of the production process form part of the industrial products segment. Aerosol paints, marine paints, high-performance maintenance coatings and automotive refinishing paints form the specialty products segment. Market value is calculated according to end-user prices. Any currency conversions used in the creation of this report have been calculated using constant annual average exchange rates.

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There is a major shift in the production of global paints and coatings, which is moving away from the developed regions, such as Europe and the U.S., to the developing economies, such as China and India. Continued increasing demand from the developed countries in addition to the demand from the developing countries is contributing to the overall expansion of the worldwide coatings market.

Industrial growth in developing economies is a major driver for growth in the coatings industry. In most regions of the world, the coatings industry is mature and the growth of the coatings industry is dependent on a number of factors, including the level of economic activity and the state of the construction industry, which remains a major consumer of paints and coatings.

The market for paints and coatings has been on the increase in various applications and this has boosted the total market in various regions. Additionally, the market for solvent-borne paints and coatings is not going down as it was anticipated and this has added to the increase in the total market value of paints and coatings.

The following summary table and figure illustrate the global market for various technologies involved in the manufacture of paints and coatings. Growth is the highest in the powder coating and emerging technologies segment, as new technologies are being developed by major manufacturers, with an everincreasing pressure from regulatory authorities in regard to pollution control and other environmental factors.

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Powder coating technology is being adapted in a big way in all fields of application. The market for coatings manufactured with solvent-borne technologies is slowly diminishing and being taken over by coatings based on waterborne technologies, basically because of their environmentally friendly properties. This transition away from solvent-borne coatings is occurring in the North American and European markets, whereas solvent-borne coatings are still being widely used in developing countries because of cost factors. High-solids and radiation-cured technologies are experiencing reasonably good growth as these technologies are considered to be less polluting than solvent-borne technology.

Research’s market forecasts for solvent-borne coatings have been reduced somewhat from those in the prior version of this report, based on these ongoing changes in the market.

New Developments in Paints and Coatings:

• Ohio State University Develops "Smart Paint" to Help the Blind
• University of Cambridge Aims to Grow Paint from Bacteria
• Akzo Nobel Develops Antifouling Solution
• German Laboratory Develops Fossil Fuel-Free Primer
• Self-Healing Coating Inspired by Skin
• Antifouling Coatings Inspired by Carnivorous Plants
• Potato Starch as a Key Component in New Coating Binder

You can read more about patent analysis & new developments in TOC of this report at: https://decisionmarketreports.com/market-reports/1253542/global-markets-and-advanced-technologies-for-paints-and-coatings

Top Players included in this reports are:

• 3M
• AB WILH. BECKER
• ACE HARDWARE CORP.
• AKZONOBEL NV
• ALBERDINGK BOLEY GMBH
• ARCH CHEMICALS INC.
• ASAHIPEN CORP.
• ASIAN PAINTS LTD.
• ATOMIX CO. LTD.
• AXALTA COATING SYSTEMS LLC
• BASF COATINGS GMBH
• BEHR PROCESS CORP.
• BERGER PAINTS INDIA LTD.
• BETEK BOYA SAN. VE TIC. AS
• BIO-GATE AG
• BOERO GROUP
• BOYSEN PAINTS
• BRILLUX GMBH & CO. KG
• BUHLER GROUP (NANOTECHNOLOGY)
• BURKE INDUSTRIAL COATINGS
• C.I.M. INDUSTRIES INC.
• CALIFORNIA PRODUCTS CORP.
• CARPOLY CHEMICAL GROUP CO. LTD.
• CASTAGRA PRODUCTS INC.
• YUNG-CHI PAINT AND VARNISH MANUFACTURING CO. LTD.

Report Scope:

The report has been prepared in a simple format that can be easily understood with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions. Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

Report Includes:

- 82 data tables
- An overview of the global market for paints and coatings, related technologies, and coating products, such as solvent-borne formulations, varnishes, enamels, lacquers, and water-based systems
- Analyses of global market trends, with data for 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- A look at the increased demand for coatings driven by customers’ expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties
- Identifications of new market opportunities and targeted promotional plans for paints and coatings
- Discussion of research and development, as well as the demand for new products and new applications
- Details covering new developments taking place in the industry with respect to continuous improvements in environmental performance
- Examination of the role paints and coatings play in providing color and protection
- Company profiles of major players in the market, including 3M, AkzoNobel, Buhler Group, Clariant AG, Dow Corning Corp., and Kansai Paint Co. Ltd.

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