NEW YORK, Aug. 31, 2016 /PRNewswire/ -- Paints are any liquids or liquefiable or mastic compositions which on application to a substrate in a thin layer will convert into a solid film. They are most commonly used to protect, color or provide texture to objects. An industrial coating is a paint or coating defined by its protective, rather than its aesthetic properties, although it can provide both. The most common use of industrial coatings is for corrosion control of steel structures such as offshore platforms, bridges and underground pipelines.
Paints and coatings accounted for XX% of the chemicals market in 2014.
XX was the largest geographic market in the paints and coatings market in 2015, accounting for $XX billion or XX% of the global market. XX is the largest market because of increasing infrastructure development in countries such as India and China. The XX was the second largest geographic market, accounting for $XX billion or XX% of the global market. XX was the third largest geographic market, accounting for $XX billion or XX% of the global market.
Global per capita paints and coatings consumption grew from $XX in 2011 to $XX in 2015 at a CAGR of XX% and is expected to grow to $XX in 2019 at a CAGR of XX%. Per capita consumption is increasing because of increase in consumption of paint and coatings in developing countries such as China and India for construction and manufacturing industries.
PET technology enables homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments used as paint formulators. The main performance of the coatings comes from the bulk of the binder composition, however additional polymer features such as crosslinking, oxidative or UV(Ultra Violet) curing and specific morphology can boost overall performance, improving the dirt pick up resistance in most cases.
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