Hyderabad, March 09, 2017 (GLOBE NEWSWIRE) -- The report “ Paints And Coating Market -By Type (Architectural/Decorative Coatings, Industrial & Special Purpose Coatings) Resin (Alkyd, Epoxy, Acrylic, Polyurethane) Application (Spraying, Electrostatic atomization, Dipping) End-user (Residential, Industrial & Others)-Forecast(2016-2021) ”, published by IndustryARC, estimates that tightening regulations will boost future market innovations.
Browse 20 Market Tables, 50 Figures spread through 137 Pages and an in-depth TOC on “Paints and Coating Market 2016-2021” http://industryarc.com/Report/15244/paints-an...arket.html
Scope & Regional Forecast of the Paints and Coating Market : Paints and coatings find their application in a variety of segments across the world. Some of the major applications are construction, paper production, automotive, furniture and others. The paints and coatings industry has witnessed a moderate growth in the past few years and is estimated to grow further, provided the fact that they do not pose any harm to the environment. With stringent rules and regulations for the emissions of GHG gasses and VOC’s, there is an innate need for alternative products. This is where bio-based products come into picture which delivers signature UV resistance while meeting the need for durability in all kinds of constructions.
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Presently, to avoid VOC emissions, the U.S Environment Protection Agency has advised to use waterborne paints, powder coatings, and ultra-violet (UV) light or electron beam curable coatings. Unlike the present coating formulations, the above mentioned compounds contain only 0.5 pounds of VOC per gallon and hence help in lower emissions of VOC. But the question is how sustainable are these for the future. Under such a high level of scrutinized regulations, some companies have made significant strides and are successful in manufacturing low VOC emitting paints and coating formulations. However, in response to growing pressures from various end-user groups, all members of the coatings value chain are focused more than ever on sustainability and improvement of every aspect of environmental performance.
With regulations in place, the overall production of the paints and coating industry with bio-based raw materials has seen a significant increase. The paints and coatings industry in the U.S., Western Europe and Japan is mature and has a stable production. In the emergent countries of the world, coatings are growing at a much faster rate. The best prospects for growth are in Asia Pacific, Eastern Europe, and South America. It can be a very challenging task to generate these bio-based materials with unique characteristics that can match the expectations of the consumers. It is very important, for not only companies to invest in coating formulation development, but is also necessary for supply chain to be given a longer time so that the adoption can happen with perfection.
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Prominent Segmentations Involved in the Paints and Coating Market : The Paints and Coating Market can be broken down into various segmentations on the basis of -
- Application : Spraying (Atomization), Electrostatic Atomization, Dipping, Miscellaneous Wet Paint Coating Methods, Powder Coating, Coating of Plastics & Wood and Others,
- Type : Architectural/Decorative Coatings, Industrial Coatings, Special Purpose Coatings, Powder Coatings, Packaging Coatings, Protective Coatings, Powder Coatings, Transportation Refinishes, Wood Finishes, Heavy-duty Coatings and Others.
- Resin : Alkyd, Epoxy, Acrylic, Polyurethane, Polyester, Silicates, Oils, Melamine Resins, Cellulose-Based, Chlorinated Rubber, Vinyl Based and Others.
- System : Solventborne Paint, Solvent-Free and Low-Solvent (High-Solids) Paints, Waterborne Paints, Coating Powders, Waterborne Dispersion Paints (Emulsion Paints), Nonaqueous Dispersion Paints, Radiation-Curing Systems, Electrodeposition Paints and Others.
- End-Users : Residential, Industrial and Others.
- Geographical Location : Americas, Europe, Asia-Pacific and Rest of the World.
Some of the sample companies profiled in the Paints and Coating Market report are as follows:
- Canadian Paint and Coating Association
- Carpoly Chemical Group
- Cloverdale Paint, Inc.
- Cresta Paint Industries Ltd.
- Dampney Company
- Eureka Paints
- FUJI SILYSIA CHEMICAL LTD.
- Fujikura Kasei Co. Ltd.
- Garware Paints Limited
- H.B. Fuller
- Hempel A/S
- Henkel AG & Co. KGaA
Why buy this report?
- Get a detailed picture of the Paints and Coating Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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