Paints & Coatings – An Insight
Paints & Coatings form an inseparable part of the industrial sector. The purpose of such liquid coverings is quite different from its conventional counterparts. These materials are utilized to secure the exterior surface of the product after the completion of the manufacturing procedure. They are basically the last layer of safety to improve to overall quality and productivity of the item. It is because of this that these coatings are never judged based on their esthetic qualities. In the recent years, they have created quite a stir in the industrial segment and their demand has reached its epitome. Due to this, the global paints & coatings market has been hugely benefitted.
Paints & Coatings can be described as semisolid or liquid elements whose thin layer is applied, painted or sprayed over any product that requires external protection. After they dry, these substances tend to harden and become a solid film. One of the major benefits of using these is that they offer protection against various harmful agents.
Thus, on the whole it can be concluded that paint & coatings are extremely important. Furthermore, it can also be asserted that this market has a great future potential.
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The Worldwide Paints & Coatings Market has been separated into four distinct parts. They can be listed as applications, regions, resin and technologies.
On the basis of Applications, the market has been divided into automotive, industrial, architectural and wood.
Region-wise the market has its reach across various areas of the world like North America, Latin America, Middle East & Africa, Asia Pacific, Europe and Rest of the World.
When it comes to resins, the industry is sub-segmented into epoxy, polyester, acrylic, alkyd and polyurethane.
Lastly, on account of technologies the market has been segregated into powder, water, high solids and solvent.
The intended audience for this market consists of potential investors, high temperature coatings manufacturers, raw material suppliers, traders & distributors of high temperature coatings, nationalized laboratory and raw material suppliers.
The Global Paints & Coatings Market has observed many innovations over the years. But one of the latest and noteworthy advancement has been the introduction of Nano InvisiPrint system. It is a finger-print resistant coating that has been formulated specially for electronic display.
Market Players & Key Strategies
Some of the major players of this market can be listed as KANSAI PRINT CO. LTD., Axalta Coating Systems, Asian Paints, RPM International and The Valspar Corporation. The two main strategies used by these brands to stay abreast of competition are strategic expansion and acquisitions.
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