Persistence Market Research Blog

Paint is any liquid, liquefiable, or mastic composition which when applied to any object in a thin layer, turns or convert to solid film. Paints are commonly used to protect, color and to provide texture to the objects. Paints are available in many colors and types such as watercolor or artificial. Coating is referred to a covering which is applied to the objects with the purpose of decorating or protecting the objects. Coating can be applied to cover the objects partially or completely. Product label on drinks bottles where one side depicts the function of the product and other side has decorative coating in the form of word or images to make the bottles attractive is the best example in current era. Major Industry use thin film coating such as paper, fabric, film, foil or sheet stock to the objects to make it attractive. Paints and coatings market is categorized into water-based paints and coatings (contain water as the paint diluents also contain water-based varnishes, lacquers, enamels, stains, sealers and primers) and solvent-based paints and coatings (contain more than 80% solid constituents (pigments, additives and binders) dispersed or dissolved in the organic solvent such as esters, petroleum distillate and glycol ethers). Water-based paints and coatings lead the global market as it is non-toxic and non-combustible and take lesser drying time as compare to solvent-borne paints and coatings. Major end-user of the paints and coatings industry is automotives & aviation, pharmaceuticals, construction industry (residential or commercial).

Asia-Pacific leads the global paints and coatings market followed by Europe and North America. Asia-pacific accounts for more than two third market share owing to the increasing demand of paints and coating in the developing countries such as India and China. China is expected to show double digit growth rate in coming years.

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