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Paint & Coatings - ChemBizR

Paint & Coatings

Industry Coverage

TYPE OF COATINGS

  • ARCHITECTURE
  • AUTOMOTIVE
  • POWDER
  • COIL
  • PACKAGING
  • WOOD
  • PROTECTIVE
  • AEROSPACE
  • ELECTROCOAT
  • GENERAL INDUSTRIAL

Key Industry Trends

INDUSTRY FOLLOWS MACRO-ECONOMIC TRENDS ACROSS THE VALUE CHAIN

 

COMPETITION

  • Highly competitive in nature, with continuous product development and R&D activities
  • Global players are in comfortable position to develop and launch innovative products
  • Global companies are in state of expansion to capture the global market
  • Consolidation across the value chain is key to support the global and regional growth
 

REGULATIONS

  • Highly regulated market, where the regional governing bodies decide the ingredients and the maximum permissible limits
  • Low VOCs, BPA free solution, water based coating and biocide fee are the benchmark for this industry
  • The recycling issues of products of leftover paints is another major challenge

INNOVATION AND R&D

  • Ingredients, paint & coating companies work in close collaboration with end use industry including Automotive, aerospace, furniture, equipment packaging, infrastructure, plastic and others
  • Stiff competition drives the innovation as well as R& D activities to promote products with functional benefits in specific end user application

Industry
Coverage

 
 
 
 
 
 

REGIONAL OUTLOOK

  • The growth is triggered by the economic and infrastructure development in the developing countries
  • The developed regions including USA, Western Europe, and Japan focus more on innovative and eco-friendly products
  • Western Europe is the key driver for innovation and regulations

CUSTOMER DRIVEN MARKET

  • Along-with the legislation, customers and OEMs in the market place are the key drivers that emphasize on the technical service, quality, performance and environmental considerations
  • Customization is another factor influencing the industry
 

PRICING

  • Cost of raw materials is the major determining factor however, import policies, technology, supply chain and distribution channel affects the paints and coatings pricing.