(MENAFN- iCrowdNewsWire) The global paints and coatings market is basically driven by growing consumption of paints and coatings in automotive, construction, and“in general” application sectors. The economies of the Asia-Pacific like India, China are witnessing rapid industrialization and urbanization. This factor is expected to fuel the paints and coatings market herein, thereby holding the hopes high in the forecast period.
To remain 'ahead' of your competitors, request for a sample @
New-fangled formulation technologies are facilitating low-VOC content coats, anti-corrosive protection, and nanocoatings. As such, metals/ceramics have been introduced in several kinds of formulations. Nanotechnology has rendered products resistant to mar wear and scratch and also the ones exhibiting self-healing or UV protective properties. As per PMR, the global paints and coatings market is expected to witness a staggering CAGR in the forecast period.
For critical insights on this market, request for ask an expert here @
Key Takeaways from the Paints and Coatings Market
- Call for eco-friendly products drives the“waterborne” sector. It holds the largest market share. Poorly ventilated and confined spaces ask for paints and coatings that are water-based. Such coatings do dry at a faster rate in comparison with solvent-based products.
- By material,“acrylic” sector rules the roost. The exceptional weathering and stabilization properties on the part of acrylic products could be attributed to this. The peculiarities of acrylic resins include UV/weather resistance, optical clarity, thermoplastic nature, and proper dimensional stability.
- By application, the“decorative and architectural” sector grabs the major market share due to demand from the U.K., Germany, China, India, and the US.
- The Asia-Pacific is the torchbearer, accounts for more than 30% of the total market share. The automotive sector and growing construction activities herein drive the growth.
For in-depth competitive analysis, buy now@
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the“missing” link between“customer relationships” and“business outcomes'. The best possible returns are assured therein.
Related Post Intelligent Soft Sensor Market Overview With Detailed Analysis, Competitive Landscape, Forecast To 2027 Horse Management Software Market Top Companies Analysis To Grow Your Business Labeling Software Market is Booming Across the Globe by Share, Size, Growth, Segments and Forecast to 2027 Glycine Market Data With Current And Future Growth, Feasibility And Regional Analysis K-12 International Schools Market Worldwide Survey On Product Need 2027| Cognita Schools, GEMS Education, Maple Leaf Educational Systems, Nord Anglia Education, ACS International Schools
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.