Latest News- Paints And Coatings Market: Water-based is expected to lead the Technology segment during 2025-2029

The Paints And Coatings Market is being driven by Growing real estate and construction industry

The Paints And Coatings Market is expected to grow at a CAGR of 4.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 42.05 billion. In the paints and coatings industry, UV-curable coatings represent a significant area of innovation and growth. These coatings offer superior performance characteristics, enabling quick assembly-line benefits. Notably, key market players are investing heavily in research and development to produce UV-curable coatings with enhanced scratch and mar resistance. For instance, BASF SE is a leading supplier of multi-functional polyol intermediates for UV-curable acrylic monomers and oligomers, which are integral to the manufacturing process of UV-curable coatings. Although UV-curable coatings currently hold a marginal share of the global paints and coatings market, their adoption is anticipated to surge due to the increasing number of automotive OEMs adopting these advanced coatings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Water-based
  • Solvent-based
  • Others
• Resin Type
  • Acrylic resins
  • Epoxy resins
  • Polyurethane resins
  • Alkyd resins
  • Others
• End-user Industry
  • Architectural
  • Automotive
  • Wood
  • Protective Coatings
  • General Industrial
  • Transportation
  • Packaging Coatings
• Product
  • Radiation Cured Coatings
  • Powder Coatings
  • Waterborne Coatings
  • Solvent-Borne Coatings
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing real estate and construction industry
• Availability of coatings designed to enhance fuel efficiency of automobiles
• Growing marine industry

However, the market also witnesses some limitations, which are as follows:

• Regulations on high emissions of VOC
• Stringent regulations
• Increasing use of glass in buildings

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Market Scope in Paints And Coatings Market Research Report

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Research Analysis Overview

The Paints and Coatings market encompasses various sectors including high performance ceramics for aircraft turbine engines, sustainable options like acrylic, alkyd, and epoxy resins, architectural and industrial coatings for wood, marine, automotive OEM, and refinish applications, general industries, coil, and packaging coatings. Key components include pigments, binders, and additives. Evaporation rates impact exterior and interior wall paints, wood finishes, enamels, and marine protection. Fluoropolymers, PVDF, thermoplastic, and thermosetting coatings offer superior properties such as reflection and absorption, corrosion protection, hardness, and friction in the wood industry. High-tech coatings utilize vegetable resin, PU resin, and polyester resin in solvent borne coatings for low-cost housing and commercial construction.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Key product categories within the coatings segment consist of exterior and interior wall paints, wood finishes, enamels, marine paints, protection coatings, fluoropolymers, polyvinylidene difluoride (PVDF), thermoplastic, thermosetting, reflection absorption, corrosion protection, hardness, and friction coatings. Market expansion will be fueled by the increasing demand for high-performance specialty adhesives and sealants.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/