Press Release
Business

Specialty Paints and Coatings Market to Surge at a Robust Pace in Terms of Revenue Over 2015 – 2021

Specialty paints and coatings is type of paints and coatings which offers specific characteristics to the particular applications. Specialty paints and coatings offer characteristics to the surfaces such as anti-fouling, fire resistance, chemical resistance, temperature resistance, anti-slip among others. Specialty paints and coatings have higher performance, durability and offer aesthetics to the textures and surfaces. Specialty paints and coatings find applications in various end-user industries such as buildings & construction, aerospace, marine, military and defense, electrical & electronics, automotives, medical & healthcare, packaging, oil & gas and industrial applications among others. In medical devices, specialty paints and coatings offer biocompatible protections as well as anti-microbial properties. Specialty paints and coatings also includes linings, fire protection coatings for oil & gas industry. _x005F
_x005F The main driver for the global specialty paints and coatings market is huge aerospace and automotive industry. Specialty paints and coatings are used in order to provide special coatings which offer higher resistance to wear and tear. Specialty paints and coatings offer characteristics such as UV protection, anti-corrosion, anti-abrasion and chemical resistance among others. Specialty paints and coatings also offers higher performance and durability compared to traditional paints and coatings such as solvent borne and UV cured. In addition, specialty paints and coatings find applications in military and defense applications where resistance to harsh environmental conditions is required. Moreover, specialty paints and coatings are used in industrial applications such as plant equipment, boilers and heat exchangers which are subject to higher temperatures. In marine industry, specialty paints and coatings offer characteristics to the boats and yacht such as anti-fouling, anti-microbial and fire-proof coatings among others. Albeit, fluctuating prices associated with the use of raw materials can act as a major restraint for the specialty paints and coatings market in next few years to come._x005F
_x005F In terms of demand, Asia Pacific was the leading region for the specialty paints and coatings market and accounted for more than half the global demand for specialty paints and coatings. The demand in this region was mainly driven by buildings & construction and automotive industry. Growing urbanization and increasing per capita incomes of the consumers is anticipated to be major factor for driving the specialty paints and coatings market in this region. China was the major consumer for specialty paints and coatings in this region due to huge demand from marine and aerospace sector. Countries such as India, Korea and Japan are likely to exhibit higher demand for specialty paints and coatings over the forecast period. Asia Pacific was followed by Europe. Increasing demand of specialty paints and coatings from automotive, wood furniture and marine industry were the major drivers for the growth in this region. Western European countries had the highest demand for specialty paints and coatings market. Europe was closely followed by North America in terms of demand. Buildings & construction along with aerospace industry was driving the specialty paints and coatings market in this region. U.S. dominated the specialty paints and coatings market in this region. Rest of the World is anticipated to show potential growth for the specialty paints and coatings market in upcoming years._x005F
_x005F Some of the major manufacturers in the specialty paints and coatings market are Akzo Nobel N.V., Axalta Coatings Systems, BASFSE, RPM Inc., PPG Industries, Sherwin-Williams Company and Valspar Corporation among others._x005F
_x005F Key geographies evaluated in this report are:_x005F _x005F _x005F North America _x005F _x005F U.S_x005F _x005F _x005F Canada_x005F _x005F _x005F Europe _x005F _x005F France, Germany, Italy, Spain, and the UK_x005F _x005F _x005F Eastern Europe_x005F _x005F _x005F CIS_x005F _x005F _x005F APAC _x005F _x005F China_x005F _x005F _x005F India_x005F _x005F _x005F Japan_x005F _x005F _x005F Australia_x005F _x005F _x005F Others_x005F _x005F _x005F Latin America _x005F _x005F Argentina_x005F _x005F _x005F Brazil_x005F _x005F _x005F Others_x005F _x005F _x005F _x005F

ort_x005F _x005F Drivers, restraints, and challenges shaping the Specialty Paints and Coatings market dynamics_x005F Latest innovations and key events in the industry_x005F Analysis of business strategies of the top players_x005F Specialty Paints and Coatings market estimates and forecasts(2015 -2021)_x005F _x005F _x005F _x005F _x005F _x005F

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