The paints and coatings manufacturing industry comprises establishments that primarily mix pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water repellant coatings for concrete and masonry, and/or manufacture allied paints products, such as putties, paints and varnish removers, paints brush cleaners, and frit.
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The global paints and coatings market has shown modest growth in the past years with a CAGR of over 5.5%. The year 2017 recorded highest ever growth in this market with a net value of $196 billion as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the paints and coatings market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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PET technology enables homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments used as paint formulators. 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.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are PPG Industries Inc., The Sherwin-Williams Company, AkzoNobel N.V., Dow Chemical, and RPM International Inc.
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