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Coating & Paint

There are a lot of different types of coatings, such as anti-slip coating, durable coating, polyurethane coating, water-based coating and so on. The importance of coatings has become more important over time and this has contributed to the emergence of many high quality coatings

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The market development of Coatings & Paint

The global paints and coatings market is valued at USD 160.03 billion in 2021. The market is expected to grow from USD 167.04 billion in 2022 to USD 235.06 billion by 2029.

Paints and coatings preserve and protect the substrates on which they are applied, saving material and energy. The sustainability aspect is routinely taken into account by companies when conducting their business activities. The emphasis is on reducing volatile organic compounds (VOCs), conserving resources, renewable materials, improving process efficiency and minimizing waste. For example, DSM offers Decovery, a plant-based resin for paint. Decovery’s ingredients are safe and low in VOCs to protect and improve outdoor and indoor air quality and reduce its carbon footprint by up to 34% by replacing crude oil. The company is thus focused on sustainable solutions and transforming the industry from solvent-based coatings to waste-based coatings.

Paints and coatings are primarily used to beautify and protect buildings and infrastructure. These architectural enhancements include interior and exterior paints, primers, sealers, varnishes and stains. Architectural paints provide reduced VOCs, odorless paints with increased scrub resistance, and are available in a variety of textures from solid to semi-gloss gloss.

Coating & Paint market trends

The construction industry will grow by about $8 billion by 2030. Increased construction activity and government investment in various public infrastructure projects are likely to support the market. In addition, advanced technologies are becoming standard in the construction industry. The increasing use of building information modeling (BIM) collaboration and cloud computing is another factor responsible for the growth of the construction industry.

The growth of the industry resulted in a huge demand for products in other applications, such as residential and commercial construction. In addition, these products are being boosted by applications such as wood, coils, automotive and transportation, and industrial metals, which will drive market growth.

Chemical Industry Contacts

Chemical – Related Articles

Difference between precipitation and crystallization

Precipitation and crystallization are both processes involved in the formation of solid substances from a solution, but they occur under different conditions and result in different outcomes. 1. Precipitation: Precipitation occurs when a solid substance forms from a solution as

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counterflow

Tutorial: How does the Counterflow work?

The Counterflow is a very suitable mixing element for mixing processes of medium viscous liquid products such as paints, polymers and biodegradable plastics where starch is the basic component. In this tutorial we show you how the Counterflow moves the

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counterflow

The Counterflow: from request to solution

Mainly in the chemical industry, the Counterflow mixing element is applied in mixing processes of products such as paint, polymers, biodegradable plastics where starch is the basic component and medium viscous liquids. However, what kind of questions do the customers

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The leading global provider of Process Equipment, Engineered Systems and Process Solutions for the fine chemical, chemical and pharmaceutical industries strengthens its industrial base in Europe and expands its presence in international markets.

Strasbourg, May 24, 2024

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