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.
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.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing the Study
Scope of Report
Methodology and Information Sources
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
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Chapter 3 Market Overview
Definition of the Industry
Importance of the Industry
History of Paints and Coatings
History of Powder Coatings
Life Cycle Assessment
Life Cycle Cost
Technology Life Cycle
Benefits of Paints and Coatings
Classification of Coatings Based on End-use
Industry Structure and Overview
Value Chain Analysis
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