The paints and coatings market is a dynamic sector within the broader chemical industry, deeply intertwined with various sectors such as construction, automotive, aerospace, marine, and industrial machinery. Paints and coatings serve not only aesthetic purposes but also provide protection, durability, and functionality to the surfaces they cover. This industry has witnessed significant evolution over the years, driven by technological advancements, regulatory changes, sustainability initiatives, and shifts in consumer preferences.
Historical perspective
The history of paints and coatings can be traced back to ancient civilizations, where natural materials such as plant extracts, minerals, and animal fats were used for decorative and protective purposes. However, it was during the Industrial Revolution that the modern paints and coatings industry began to take shape. The development of synthetic pigments, binders, and additives revolutionized the industry, enabling the production of more durable, weatherresistant, and versatile coatings.
Market overview
The paints and coatings market is vast and diverse, encompassing a wide range of products tailored to specific applications and end-users.
These products can be broadly categorized into decorative coatings (used in residential and commercial buildings) and industrial coatings (applied in various industrial settings).
Decorative coatings: This segment includes paints used for interior and exterior surfaces of residential and commercial buildings. Decorative coatings come in a variety of formulations such as emulsions, enamels, varnishes, and stains, offering different finishes and functionalities. Factors such as color trends, ease of application, durability, and environmental impact influence consumer preferences in this segment.
Denne historien er fra April/May 2024-utgaven av COATINGS AND ANTI CORROSION ENGINEERING REVIEW.
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Denne historien er fra April/May 2024-utgaven av COATINGS AND ANTI CORROSION ENGINEERING REVIEW.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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PaintExpo 2024: Strong visitor turnout, great atmosphere and more international than ever before
With excellent visitor numbers and a very busy atmosphere in three exhibition halls as well as countless highly qualified professional conversations and new customer contacts, the ninth edition of PaintExpo held April 9-12, 2024 was a tremendous success.
CORSYM 2024: "Networking for Success"
The 8th International Corrosion Prevention Symposium for Research Scholars (CORSYM 2024) held at The Maharaja Shivajirao University of Baroda (MSU Baroda), Vadodara, Gujarat, February 17-18, 2024, was a significant event that brought together students and young research scholars to explore the fundamental principles and practical aspects of corrosion, its effects, and protective measures.
Bacteria found in desert pave the way for paint that produces oxygen whilst capturing carbon
An innovative paint that contains oxygen-producing bacteria capable of capturing carbon dioxide (CO2) has been created by scientists from the University of Surrey.
Researchers identify promising ceramic materials for metal coatings to boost gas turbine efficiency
Skoltech (Skolkovo Institute of Science and Technology, Russia) researchers have identified promising ceramic materials for metal coatings that would boost gas turbine efficiency.
Big data technology predicts realized vessel performance over five years
International Marine Coatings has published a new whitepaper which reveals the high degree of accuracy of its predictive Intertrac® Vision tool to real life vessel operations by correlating to the speed loss of a globally trading VLCC vessel over a five-year docking period, in line with the principles of the ISO 19030 standard.
AMPP unveils new guide to enhance pipeline safety through corrosion control
The Association for Materials Protection and Performance (AMPP) (amp.org), the global authority in materials protection and performance, recently published \"Guide 21569-2024, Guidance on Implementing Corrosion Control Methodologies to Align with New PHMSA Regulatory Procedures,\" a comprehensive document developed by Standards Committee SC 15 - Pipelines and Tanks, aimed at bolstering the safety and integrity of onshore gas transmission pipelines.
The evolution and dynamics of the paints and coatings market
The paints and coatings market is projected to witness steady growth, with an estimated CAGR of 5.1% from 2023 to 2033, reaching a valuation of $263.3 billion by 2033
Hardide® coated HVOF copper nozzle extends life by up to 40x
The extremely hard and homogeneous properties of the Hardide coating minimize pickup inside the nozzle when spraying metallic materials
How to slow down corrosion with MCI® in high temp GCC States
Cortec's MCI° Technology offers a cost-effective alternative to extend structural service life in high temperature areas
Rezitech combats tank corrosion under insulation with Belzona composite wrap system
Within a space of 24 hours, the 9.5 meter dia tank with a height of 2 meters was repaired and protected against future corrosion with the industrial composite wrap system, Belzona SuperWrap II
