Increasing Demand From Emerging Markets is Expected to Propel UV Curable Coating

Posted by RahulSharma on March 24th, 2020

The Top 10 High Growth Paints & Coatings Market was valued at USD 141.58 Billion in 2015 and is projected to reach USD 190.51 Billion by 2021, at a CAGR of 5.07% from 2016 to 2021.

Browse 106 market data tables and 53 figures spread through 198 pages and in-depth TOC on “Top 10 High Growth Paints & Coatings Market”. 

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The growth of building & construction and automotive & transportation industries is driving the demand for paints & coatings globally. The paints & coatings market comprises several types of liquid and powder-based varnishes and paints. Paints & coatings serve two primary functions, namely, protection and decoration. Most of them are consumed in buildings & construction to protect and decorate various surfaces. They increase surface resistance from weathering and rust, thereby, increasing the durability of structures. Stringent government regulations for low toxicity are expected to be the winning imperatives for the players in the water-based elastomeric coating market.

Strong presence of manufacturers of paints & coatings for cool roofing is driving the top ten paints & coatings market in North America

Cool roofing is a major concern across the country. The U.S. Department of Energy (DOE) has mandated cool roofing for all its buildings and facilities. The North American government is setting similar goals, offering tax incentives and utility rebates to the manufacturers. A growing number of non-governmental organizations (NGOs) from the International Green Construction Code (IGCC) to Cool Roof Rating Council (CRRC) and the U.S. Green Building Council’s LEED program are also promoting and encouraging green building practices, including cool roofing, thereby driving the elastomeric coating market. 

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Key Target Audience:

  • Manufacturers, Distributors, Traders, and Suppliers of Paints & Coatings and their Raw Materials
  • End-use Industries such as Building & Construction, Automotive & Transportation, Industrial, Marine, and Others
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • Research & Development (R&D) Institutions
  • Environment Support Agencies
  • Raw Material Suppliers

One of the biggest advantages of ceramic coatings is their ability to provide heat barrier potential, durability, and toughness to components in extreme environments. The growing automotive and automotive components market in China and India is one of the major drivers for high demand of ceramic coatings in the Asia-Pacific region. Due to various applications in the automotive sector and the requirement to create heat-resistant systems, ceramic coatings have gained high importance.

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RahulSharma

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RahulSharma
Joined: September 3rd, 2019
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