Tag: Coatings

08
Oct
2020
Posted in technology

Paints and Coatings Market | Growth of Automotive Industry to Boost the Market Growth

The global paints and coatings market size is poised to grow by USD 33.64 billion during 2020-2024, progressing at a CAGR of about 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005449/en/

Technavio has announced its latest market research report titled Global Paints and Coatings Market 2020-2024 (Graphic: Business Wire)

The growth of the global automotive industry is one of the key factors driving the global paints and coatings market growth. Economic growth in emerging countries and rising foreign investments have increased per capita income. As a result, consumers’ capacity to purchase cars has increased. Also, the public transportation infrastructure is transforming along with fleet addition. These factors are increasing paints and coatings activities in the automotive industry.

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Report Highlights:

  • The major paints and coatings market growth came from water-based technology segment. Water-based paints and coatings comprise water-soluble resins such as polyesters, polyacrylates, alkyds, epoxy, and epoxy esters. These resins are produced by the process of polycondensation and polymerization in an organic solvent medium. As a result, water-based paints contain alcohols, glycol ethers, and other oxygen-containing solvents that are miscible with water. Therefore, these water-paints are meant to protect against corrosion and aesthetics to the surfaces on which they are applied. Moreover, these paints have a low content of volatile organic compounds.

  • APAC was the largest paints and coatings market

07
Oct
2020
Posted in technology

Antifouling Coatings Market – Actionable Research on COVID-19 | Technological Developments to Boost the Market Growth

The global antifouling coatings market size is poised to grow by USD 3.61 billion during 2020-2024, progressing at a CAGR of almost 15% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005613/en/

Technavio has announced its latest market research report titled Global Antifouling Coatings Market 2020-2024 (Graphic: Business Wire)

Technological developments will be one of the major factors that will drive antifouling coatings market growth. The global antifouling coatings market is witnessing several innovations that could facilitate the introduction of eco-friendly antifouling coatings. Regulations governing the safety of the environment are further inducing these innovations. For instance, numerous countries have regulated the use of copper in antifouling coatings. Copper compounds are the vital components of antifouling coatings. Adhering to the regulations, vendors have introduced non-stick foul release coatings, copper-free antifouling coatings, and nano antifouling coating into the market, increasing their sales.

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Report Highlights:

  • The major antifouling coatings market growth came from the vessels segment. Antifouling coatings help in increasing the durability and performance of the vessels from getting affected by biofouling. They also help in preventing organisms from leaving their natural surrounding and entering foreign waters. The transportation of these organisms from one place to another may affect their natural life cycle and even the environment. The shipbuilding industry is expected to witness a growth, which is likely to drive the