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Q. What is Paints and Coatings?

• Paint is any liquid mixture that converts into solid film after application to a surface in a thin layer.
• A coating is a covering that is applied to a surface for the purpose of decorative and protective.
• Enamels, varnishes, emulsions, and bituminous are considered under organic and inorganic coatings.
• The word "coating" may be used broadly to refer to any colored or clear product, and the word "paint" is used to describe a pigmented product with an organic or inorganic binder.

Q. What are the major applications of Paints & Coatings?

Paints & Coatings are majorly used in Architectural and Industrial end-use applications.

• Architectural coatings are used by end users on the interior or exterior surfaces of residential, commercial, institutional, or industrial buildings, and applied at room temperatures. These coatings can be categorized based on their usage for esthetic and protective purposes. Surface preparatory products like primers, putties, and esthetic and protective products, such as top-coat and base-coat. Weather resistance, washability, low VOC, anti-fungal, and anti-dampening are certain properties which the topcoat and base coat impart to the surface.
• Industrial coatings are thin films applied on materials to add or enhance their specific properties, such as corrosion resistance, wear resistance, and conductivity. These coatings are prepared from polymer materials that provide the toughest coatings. These coatings offer corrosion protection in steel pipes and fasteners, which are exposed to water, gases, wastewater, oils, food processing equipment, and petrochemicals. Industrial coatings are used in a wide range of diverse coating applications with many different functions and requirements. Industrial coatings are used in production plants, to coat discrete parts, finished assemblies (light vehicles, commercial vehicles, aircraft, and other vessels), metal sheets, tanks, paper, and paperboards, piping, wood panels, agricultural, and construction equipment.

Q. What is considered under Industrial Coatings application?

The industrial coatings application includes General Industrial, Protective, Automotive Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospace, and Rail.

Q. What are the major resin technologies used in the Paints & Coatings market?

The major resin technologies in the paints and coatings market are Waterborne, Solventborne, Powder, Ultraviolet (UV) and Electron beam (EB).

Q. What are the pros and cons of powder and liquid coatings?

What are the advantages of Powder Coating?

• Volatile organic compound (VOC) content is generally lower than the majority of solvent-based liquid coatings.
• The dry film thickness of powder coatings tends to be much higher than liquid coatings
• Can be applied without runs, drips or sags.
• Can be advantageous in certain applications, such as underbody parts and areas where stone chipping, etc. are prevalent.
• Can be recycled and have very good long-term storage stability.

What are the disadvantages of Powder Coating?

• Specialized electrostatic spray equipment is required for application and the surface must be conductive to accept the charged paint particles.
• All powder coatings used in industry must be baked in an oven; ambient cure is not an option.
• Powder coatings cannot be mixed with each other to obtain different colors,

What are the advantages of Liquid Coating?

• Less coating is required to coat a surface, which can be an economic advantage.
• Ambient cure is an option in some liquid paint technologies, so no oven is required.
• Wide variety of substrates can be painted with conventional liquid paints
• Variant colors can be prepared from a single toner mixing bank

What are the disadvantages of Liquid Coating?

• Many liquid coatings (solvent based) are fairly high in VOC, which limits their use in regulated areas.
• Spray booths with sufficient ventilation and other capital expenditures are necessary to use the products in a controlled, clean, and safe environment.

Q. Who are the major players in the Paints & Coatings industry?

The major paints & coatings players in the market are:

1. PPG Industries (US)
2. The Sherwin- Williams Company (US)
3. AkzoNobel N.V. (Netherlands)
4. Nippon Paint Holding Co LTD (Japan)
5. RPM International Inc. (US)
6. Axalta Coatings System LLC (US)
7. BASF Coatings GmbH (Germany)
8. Kansai Paints Co. Ltd. (Japan)
9. Asian Paints Ltd. (India)
10. Jotun A/S (Norway)
11. Hempel A/S (Denmark)
12. Berger Paints India Ltd. (India)
13. Beckers Group (Sweden)
14. Tikkurila Oyj (Finland)

Primary Respondents

Q. Is the global paints & coatings industry is becoming fragmented or consolidated?

• The paints & coatings industry is moving toward consolidation and the giant players are acquiring the specialty coating manufacturers.

Q. What are the factors Influencing the growth of paints & coatings?

• The growth of the paints & coatings market is influenced by the stringent European Union (EU) regulations such as the reduction of VOC emission in paints & coatings and use of low-polluted coating technologies. Over the past few years varying environmental regulations have created a demand for sustainable products (low and zero VOC) which is driving the demand for waterborne coatings. The key factor driving these coatings is the growing demand for green and sustainable products. Also, these coatings are easier to clean up, result in less exposure to organic vapors, and reduce the risk of fire.

Q. Which is the major region in terms of paints and coatings demand?

• Asia Pacific takes the majority market share and growth is the highest as it is highly influenced by the growing economy of China and India, new markets such as Philippines are making remarkable growth with the development and economy and new airports, while North America and Europe are by and large stand still, as the economy is stabilized but the per capita consumption would be considerable.

Q. Who are the major players in the Indian Paints & Coatings market?

• In Indian market, Asian paints is the largest player, followed by Berger, AkzoNobel, Nerolac, Nippon and Indigo.

Related Reports:

Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region - Global Forecasts to 2024

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
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