The Industry largely depends on the end-user Industries It serves, such as steel, automobiles, and furniture and construction Industries. The paints and coatings Industry can be broadly categorized Into two markets: architectural/decorative and Industrial paints and coatings. The Industry Is dominated by decorative/architectural paints and coatings segment, followed by Industrial coatings which also account for a significant share of the global market. To Download Full Report with TCO: http://vim. Nonrepresentational. Bal/sample/ sample/206931
Global decorative paints and coatings market supplies full range of Interior and yourself (DID) markets, including paints, lacquers and varnishes, as well as products for surface preparation (pre-deco products). In recent years, the global decorative paints and coatings market has been on the threshold of enormous growth especially in emerging nations of the world. The growth of the segment is driven by emergence of infrastructure projects in emerging Asian countries, growth of global automobile industry and increasing arbitration.
However, factors such as mounting raw material prices, environmental impact and isolations and threat of product substitution are posing challenge to industry growth. Major trends prevailing in the market are consolidation in the industry and emergence of environmentally friendly decorative paints.