High-Performance Paints Market is
expected to display higher growth rate in the upcoming period. Rapid surge in
the market is credited to the increasing requirement from end-user industries
and development of advanced manufacturing technologies. Growing use of
high-performance paints and varnish in the construction and the automotive
sectors due to highly preferred solvent properties are major growth factors.
Globally, high-performance paints market is predicted to generate massive
revenue over the forecast period, providing numerous opportunities for industry
participants to invest in research and development of high-performance paints.
The stringent laws and regulation against harmful effects of
synthetic paints on environment are compelling market players to adopt high
performance paints that complies with the regional and international
regulations. Rise in number of market players significantly investing in
research and development of the high performance paints, is further fostering
the market growth over past few years. With the development of the low cost
solutions while avoiding the use of the volatile organic compounds, is
propelling market expansion in upcoming years. Furthermore, improved standard
of living and increasing middle class housing needs, particularly in the
developing economies across the globe are expected to boost market growth as
well.
Request Sample Copy
of this Market Research @ https://www.millioninsights.com/industry-reports/high-performance-paints-market/request-sample
High-performance paints are specialized type of paints
consisting of well-versed set of characteristics that allows determining and
reacting to the atmospheric and external stimulus. Such functionalities make
them ideal for erosion protection, heat resistance and surface enhancement
techniques. Along with the specialized design, high performance paints provide
the common functions of coatings similar to protection and decoration, also
unique capability of reacting to environmental stimuli.
The high performance paints market is broadly categorized
into three major segments based on the application type such as automotive
industry, building & construction industry, and consumer goods sector.
Building & construction segment is growing rapidly in the market with
substantial revenue generation in the last few years. Growing popularity of
high-performance paints in building & construction segment is attributed to
the increasing product penetration and easy availability.
The high-performance paint market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in implementation of
latest technologies in building & construction sector, surge in number of
research & development activities and existence of well-established
industrial infrastructure in the region. In European region, Germany, France,
and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in
the high-performance paints industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with strong economic growth, increasing infrastructural activities,
rising disposable income, and significant investment by leading industry
players considering potential growth opportunities in the region.
The key players in the high-performance paints market are
Akzo Nobel N.V., PPG Industries Inc., Daikin Industries Ltd., SACAL
International Group Ltd., Inc., Endura Coatings, LLC, Kansai Paint Co., Ltd.,
The Valspar Corp., Sherwin-Williams Co., and Hempel A/S.
Browse Complete
Report with TOC @ https://www.millioninsights.com/industry-reports/high-performance-paints-market
Market Segment:
Leading players of
High-Performance Paints including:
•
AkzoNobel
•
PPG
•
Sherwin Williams
•
RPM International Inc.
•
Valspar
•
Axalta
•
BASF Group
•
Sacal
•
Nippon
•
Kansai
Market split by Type,
can be divided into:
•
Interior High-performance Paints
•
Exterior High-performance Paints
Market split by
Application, can be divided into:
•
Automotive
•
Construction
•
Electronics
•
Others
Market split by Sales
Channel, can be divided into:
•
Direct Channel
•
Distribution Channel
No comments:
Post a Comment