Nippon Paint Holdings Co., Ltd. launched two water-based antiviral and antibacterial paint products, "PROTECTON Floor VK Clear" for floors and "PROTECTON Interior Wall VK Coat" for interior walls. The products maintain excellent durability, reducing viruses by 99% or more after cleaning with wet wipes.
DuPont de Nemours, Inc. acquired the Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 389
Published Date: Feb 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Worldwide growth in coating industry, rising use of alloy, metals, and steel, significant increase in construction industry, and boost in automotive industry are some major factors driving the growth of the market.
The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2033.
Increasing cost of raw materials of coil coatings, growing demand for lightweight materials in automotive industry, and storage and transportation hurdles are estimated to hamper the market growth.
The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are DuPont de Nemours, Inc., PPG Industries, Inc., Henkel AG & Co. KGaA, Akzo Nobel N.V., Kansai Paint Co., Ltd., Eastman Chemical Company, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by resin type, application, end-user, and by region.
The automotive segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.