Dublin, May 27, 2024 (GLOBE NEWSWIRE) -- The "Paints & Coatings Market Based on by Resin Type, Application, Regional Outlook - Global Forecast Up to 2030" report has been added to ResearchAndMarkets.com's offering.
In a recent comprehensive analysis, industry experts forecast a robust expansion for the global paints and coatings market extending to the year 2030.
The market is segmented into various resin types, including acrylic, alkyd, epoxy, polyurethane, and advanced fluoropolymers among others. This segmentation offers a comprehensive view, highlighting diverse applications and performance characteristics tailored for specific industry needs.
Application Insights
Applications of paints and coatings are bifurcated into architectural and industrial domains, reflecting the unique requirements and technical specifications demanded by each sector. These insights provide a trajectory of growth driven by innovation and the augmentation of existing infrastructure.
Geographical Expansion
Geographical analysis of the market reveals an anticipated increase in construction activities, particularly across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Factors such as urbanization, infrastructure development, and government initiatives contribute to this upward trend, despite variances in regional economic climates and the ongoing post-Covid recovery process.
Technological Advances & Market Implications
An in-depth examination of technology trends shows promising developments in thin-film powder coatings with prime characteristics such as exceptional flow and reduced edge build-ups, although challenges in texture uniformity remain.
Notably, fluoropolymer coatings, spearheaded by polyvinylidene difluoride (PVDF), emerge as leaders in the architectural coatings sector due to their exceptional weather resistance and longevity, signifying a burgeoning demand for such materials.
Strategic Outlook
The analysis provides a holistic view of the paints and coatings market, detailing vital attributes that drive the industry forward and pinpointing potential opportunities for key players.
Competitive analyses reveal strategic moves and capabilities paramount to success in this vibrant market, informing stakeholders and guiding strategic decisions. In essence, the paints and coatings industry stands on the brink of significant growth fueled by technological innovation, regional development activities, and evolving market requirements.
Report Segmentation
Paints & Coatings Market based on Resin Type:
- Acrylic
- Alkyd
- Epoxy
- Polyurethane
- Polyester
- Fluoropolymer
- Polyether Ether ketone (PEEK)
- Polyether Ketone (PEK)
- Polyaryl Etherketone (PAEK)
- others
Paints & Coatings Market based on Application:
- Architectural
- Industrial
Company Profiles:
- AKZONOBEL
- Kansai Nerolac Paints
- Kwality Paints and Coatings
- NIPSEA
- NIPPON Paint Holdings
- JOTUN
- Axalta Coating Systems
- TIKKURILA
- Dunn-Edwards
- Asian Paints
For more information about this report visit https://www.researchandmarkets.com/r/m4d4j2
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