Global Paints & Coatings Market: Industry Analysis & Outlook 2017
Paint is a colored substance which when spread over a surface, gets dried to leave a thin coating, which protects and beautifies it. The production process differs depending on whether it is solvent based or water based. Uses of paint include protection, decoration, art or information as in signboards. The paints and coatings industry consists of manufacturers of paints, varnishes, lacquers, shellacs and stains. The market can be divided into three broad segments, namely architectural segment that depends heavily on the performance of the building & construction sector, industrial paints and coatings segment that is closely related to the automotive, major appliance and industrial equipment sectors and specialty paints and coatings. The global paints & coatings market is characterized by high demand from the architectural paint segment, while the market for protective coatings has been gaining pace. The main driving factor for the market has been the housing and construction ...