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 promising segment due to their superior performance and assembly-line advantages. Vendors are heavily investing in research and development to produce UV-curable coatings with enhanced scratch and mar resistance. Notably, BASF SE is a key player in this space, providing multi-functional polyol intermediates for UV-curable acrylic monomers and oligomers, which are integral to the manufacturing process of these coatings. Despite holding a minimal market share currently, the demand for UV-curable coatings is projected to surge, primarily driven by the increasing adoption by automotive OEMs. 

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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
  • Architectural
  • Automotive
  • Wood
  • Protective Coatings
  • General Industrial
  • Transportation
  • Packaging Coatings
• Product
  • Radiation Cured Coatings
  • Powder Coatings
  • Waterborne Coatings
  • Solvent-Borne Coatings
  • 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 components including Additives & Extenders, Thinners & Solvents, Catalysts & Hardeners, Anti-settling Agents, Rheology Modifiers, Biocides & Fungicides, Film Thickness Measuring, Gloss Measurement, Drying Time, and Curing Process. Application Equipment such as Spray Guns, Roller Covers, and Paint Booths are also part of this market, along with Masking & Protection, Surface Cleaning, and Surface Treatment. Additional offerings include Powder Coating Equipment, Electrostatic Powder Coating, Paint Stripping, Coating Removal, Maintenance Coatings, Protective Linings, Anti-corrosion Solutions, Anti-graffiti Protection, Waterproofing Membranes, Fire-resistant Coatings, Insulating Coatings, Soundproofing Coatings, Decorative Finishes, Textured Coatings, Metallic Coatings, Pearlescent Coatings, Chroma Flakes, Color Trend Forecasting, and Paint Color Psychology.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals utilized in the production of various products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market's expansion will be fueled by the increasing demand for specialty adhesives and sealants. Factors influencing this trend include advancements in paint formulation, coating technology, pigment dispersion, binder systems, resin chemistry, solvent selection, surface preparation, film formation, adhesion properties, and durability testing. These elements are crucial in ensuring the optimal performance and longevity of specialty coatings and adhesives.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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