866-997-4948(US-Canada Toll Free)

There has been an increasing demand for paints and coatings from various industries, with construction industry topping the charts as end use industry with the highest demand. The construction industry is looking for paints and coatings that are weather, corrosion, and fungi resistant. Players in the paints and coatings market are thus investing in R&D to develop products that are anti-microbial and water-resistant. A key trend in the market is to develop products that are green. Green paint and coating products refers to sustainable and non polluting methods of manufacturing paints and coatings as well as the ability to recycle paints and coating materials. Some of the key players in the industry include BASF, Axalta Coating Systems, PPG Industries, AkzoNobel, and Sherwin Williams.

A surge in the population and thus a pressing need for residential buildings is driving the growth of the paints and coatings market. Also, rapid industrialization is fueling the demand for these products. Asia Pacific is currently witnessing a growth in the infrastructure and construction sectors and will thus, be a lucrative market for paints and coatings. Upcoming projects and construction of smart buildings in the region will fuel the demand for paints and coatings.