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The market for Coatings and Paints includes liquid-based and powder-based paints, varnishes and related products used in the architectural and decorative, industrial and specialty product segments. Interior and exterior paints, primers, sealers and varnishes used in homes and buildings are part of the architectural and decorative segment. Products that are factory-applied to manufactured goods as part of the production process form part of the industrial products segment. Aerosol paints, marine paints, high-performance maintenance coatings and automotive refinishing paints form the specialty products segment. Market value is calculated according to end-user prices. Any currency conversions used in the creation of this report have been calculated using constant annual average exchange rates.

Paint is widely used in the gaseous or liquid form. It is a liquid form which after application is converted to a solid form. Paints are most widely used to provide texture and color. Paints are often derived from pigments from natural or synthetic sources.

Bharat Book Bureau Provides the Trending Market Research Report on "India Paints & Coating Market" under Chemical & Materials category. The Paints & Coating segment is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. India Paints & Coating Market is projected to grow at a CAGR of 11.4% during 2018-2023.

Petrochemicals are substances manufactured from crude oil or natural gas. In the industrial economy, petrochemicals are quite important as the need for synthetic materials rises steadily; petrochemicals play a crucial role in the chemical sector. various goods that people use in day today life can be made using petrochemicals, including plastics, medicines, cosmetics, and furniture, appliances, and electronics, solar panels, and wind turbines. Hydrocarbons like butane, propane, and ethane, as well as other substances, are isolated from crude oil and natural gas liquids to create petrochemicals. The manufacture of petrochemicals requires naphtha, a mixture of volatile liquid hydrocarbons. More Info Please Visit:- https://reportsandinsights.com/sample-request/7136

The paint industry can be classified into two categories- decorative and industrial paints. Decorative paint category is 75% of the total industry which includes interior wall and exterior wall paints, wood finishes, enamels and other related products whereas the rest 25% of the industry consists of the industrial paints which includes aerospace, architectural, marine, automotive and electronics industry.

Paints and coatings industry is driven by factors such as rise in use of paint and coating in automotive, construction, and marine industries. In addition, rise in innovation in manufacturing processes and derivation of formulation technologies propel the market growth.

"The global silica market size is anticipated to reach USD 10.10 billion by 2026, registering an 8.6% CAGR during the forecast period. Rising demand for silica across various end-use industries such as rubber, agrochemicals, oral care, and paints and coatings is anticipated to drive the industry. ​ Precipitated silica is the most extensively consumed product in the market. It is utilized in the reinforcement of elastomer products, such as automotive tires, due to its ability to reduce rolling resistance, improved traction under slippery conditions, and enhanced fuel efficiency. It also acts as an anti-blocking agent in thermoplastic films and a matting agent in paints and varnishes. Rubber application acquired the largest share in 2018 and is estimated to remain dominant throughout the forecast period. The global demand for tires is increasing on account of an expanding automobile industry, especially in emerging economies. As a result, major tire manufacturers are aggressively involved in expansion projects in emerging economies like India. For instance, in April 2018 Bridgestone India announced plans to double its production capacity over the next five years at an investment of USD 304 million. This is anticipated to propel product demand from tire manufacturers. In the construction sector, high-performance concrete (HPC) comprising silica has been recognized as one of the most significant advanced materials necessary for infrastructure development. HPC manufactured with silica fumes provides increased strength and higher resistance to corrosion, abrasion, and chemicals. Moreover, it offers lower permeability, enhanced durability, sustainability, and life-cycle cost efficiencies for concrete. This is estimated to drive utilization of the product in the construction sector. "

To simplify its corporate structure and segregate the steel and paint business, Kamdhenu Limited has decided to demerge the paint business for reasons not clear as a subsidiary of shell listed holding company and amalgamate the group companies into one.

Global paints and coatings market is projected to surpass $ 167 billion by 2022, predominantly on account of increasing infrastructure development and rising production of automobiles across the globe.

Global Paints And Coatings Market Size, Statistic, Trends Analysis 2026

Research Study on "Global Interior Paints Market 2019" has Been Heading since Past Few Years and Kno