The global paints and coatings market is basically driven by growing consumption of paints and coatings in automotive, construction, and “in general” application sectors. The economies of the Asia-Pacific like India, China are witnessing rapid industrialization and urbanization. This factor is expected to fuel the paints and coatings market herein, thereby holding the hopes high in the forecast period.
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New-fangled formulation technologies are facilitating low-VOC content coats, anti-corrosive protection, and nanocoatings. As such, metals/ceramics have been introduced in several kinds of formulations. Nanotechnology has rendered products resistant to mar wear and scratch and also the ones exhibiting self-healing or UV protective properties. As per PMR, the global paints and coatings market is expected to witness a staggering CAGR in the forecast period.
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Key Takeaways from the Paints and Coatings Market
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