Download the full report: Automotive coatings are applied in the following order over substrates: E-coat or electro-coat, primer, base coat, and clear coat. Sri Lankan Paint Industry By Roshan Attanayake Industry Overview Size of Sri Lankan paint market, - Rs. Australia Paint Additives Market Size and Forecast, 2012-2022 12. South Africa Paint Additives Market Size and Forecast, 2012-2022 13. These reforms would provide great impetus to the economy as well as to the paint industry.
These factors will further augment the demand for paint additives in the near future. The demand for paints and coatings in interior wall applications will drive the market through 2021. The 5 largest companies in the paint and coatings industry account for about 40% of the total market share. Water-based coats segment is expected to witness substantial growth over the forecast period owing to increasing demand from several application sectors including construction, furniture and automobile industries. Growth in the Middle East may be able to supplement shortfalls in these established markets. Economic — this refers to how exchange rates, inflation rates, interest rates and economic growth will impact on a business and how it can grow, develop and make various decisions.
Global Paint Additives Market Analysis and Forecast By Region 7. As such, it is used by business leaders worldwide to build their vision of the future. Market Share Comparison, By Region 5. China and India must continue to see explosive growth in their industrial sectors to achieve the forecasts as well. A major factor favoring expansion of the industry is soaring demand for multifunctional additives, which provide same performance level as that of individual additives. Anti-Foaming Paint Additives Market Size and Forecast, 2012-2022 5. All amounts are expressed in dollars unless otherwise noted.
By taking advantage of change, you are much more likely to be successful than if your activities oppose it. Total global growth should be about 4% per year. Y-o-Y growth Comparison, By Region 3. Apart from these, they are also highly resistant to scratch, mar wear, and corrosion. In addition, increasing infrastructural development in various countries and increasing adoption of industrial coatings are expected to drive growth of the global industrial coatings market. Its beginning can be traced back to the setting up of a factory by Shalimar Paints in Calcutta now Kolkata in 1902.
Global Paint Additives Market Size and Forecast By Formulation Type, 2012-2022 4. Factors that have been given emphasis include the low per capita consumption of paints 1. North America was followed by Asia-Pacific and Europe as second and third largest markets for the texture paints market. Solvent-based formulations are the most conventional ones for manufacturing the finished compositions. More than 85% of the paint and coatings industry is dedicated to coating our structures and products with a protective finish. Water-based coatings are expected to see substantial growth in the market over the forecast period, owing to increasing demand from several automobile and home furnishes manufacturers due to their cost-effective and superior adhesion properties. Y-o-Y growth Comparison, By Region 6.
The global market report is segmented on the basis of technology, application, and region. In terms of consumption, North America and Europe follow Asia Pacific. This is attributed to the many advantages that these coatings offer, such as the ability to cover damage on an aero engine or oil and gas platform or the ability to be used as a composite to save weight on an aircraft. The social… 789 Words 4 Pages Asian Paints Limited is an Indian chemicals company which manufactures a wide range of paints for decorative and industrial use. The chapters offering forecasts on market segments have been incorporated in the report. Titanium dioxide is a key input in the paint industry and makes up 12-15 per cent of the total raw material costs. It accomplishes this by assessing an organizations strengths what an organization can do and weaknesses what an organization cannot do in addition to opportunities potential favorable conditions for an organization and threats potential unfavorable conditions for an organization.
Mid tier — middle level income earners. Regional expansion of about 1% is anticipated within this region. North America dominates the global industrial coating market. Whenever data information was unavailable for the base year, the prior year has been considered. Growth in construction activities across developing economies such as Japan, India, and China is further expected to augment the market growth over the forecast period. Apart from the construction and automotive sectors, other end-use industries relying on the paints and coatings sector include marine, wooden furniture, and steel.
In addition, availability of non-chemical substitute is further hampering growth of the global industry coating market. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Market Share Comparison, By Region 5. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. The paint market is estimated to double to Rs 50,000 crore by 2016 with per capita consumption increasing to over 4 kgs. Also send me Free Guide on How to Beat Sensex Nearly 3X 2019 Edition of Profit Hunter, a free newsletter and get access to this latest guide on picking market crushing stocks.
The contribution of the organised and unorganised segments is in the ratio of 70:30. Secondary and Primary Sources 17. Y-o-Y growth Comparison, By Region 5. This can be accomplished in China by continuing to allow free market reforms to take place. The increasing prices of raw materials results in additional investment in the production process of paints and coatings. The Chinese are considered to be the pioneers of manufacturing paints thousands of years ago.