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CHEMICALS AND ADVANCED MATERIALSDISCOUNT VALID TILL 31st-JANUARY , 2022

Intermediates for the Paint & Coatings Market Segmentation by Type (Organic Intermediates, and Inorganic Intermediates); and by Application (Paints, Pigments & Dyes, Formulation Additives, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Extensive insights into the Growth of Intermediates for the Paint & Coatings Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • February, 2021: Venator Materials PLC to increase the price for all its titanium dioxide pigments for coatings, plastics, inks and paper applications, effective from April 2021.

  • December, 2018: BASF SE will launch new industrial level raw materials for the coatings, paint, and resins at the 2019 European Coatings Show (ECS).

Global Intermediates for the Paint & Coatings Market Highlights over 2022 – 2031

The global intermediates for the paint & coatings market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing construction activities. The rapid recovery in the construction and automotive industry post-coronavirus pandemic, has led to a surge in the demand for paints and coatings. The growth if the paint and coating industry is bound to drive the market during the forecast period. In fact, it was observed that the global paint and coatings industry valued at an estimated 155 billion dollars in the year 2020. Moreover, production of paints from intermediates is cost-effective, durable, and commercially viable, which is further anticipated to boost the market growth.

Intermediates for the Paint & Coatings Market

The market is bifurcated by type into organic intermediates, and inorganic intermediates, out of which, the inorganic intermediates segment is anticipated to hold the notable share in the global intermediates for the paint & coatings market over the forecast period on account of the cost-effective nature of inorganic chemicals. Moreover, inorganic intermediates are majorly used to produce metallic coatings, which are extensively used in automotive sector. This factor is estimated to contribute to the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing)

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Intermediates for the Paint & Coatings Market Regional Synopsis

On the basis of geographical analysis, the global intermediates for the paint & coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to hold the largest market share over the forecast period, on the back of growing construction industry in China, India, and other developing countries in the APAC region. For instance, the construction industry in China amounted to approximately USD 1,050 billion in 2020. The abundance of raw material for chemicals, backed by growing chemical industry in the region, is estimated to boost the regional market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing consumption of paint and coating amongst the growing automotive and construction industry.

Intermediates for the Paint & Coatings Market Share

The global intermediates for the paint & coatings market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global intermediates for the paint & coatings market includes the following segments:

By Type

  • Organic Intermediates
  • Inorganic Intermediates

By Application

  • Paints
  • Pigments & Dyes
  • Formulation Additives
  • Others

Growth Drivers

  • Increasing Demand for Paints and Coatings
  • Growing Construction Activities Globally

Challenges

  • High Production Cost of Industrial Intermediates

Top Featured Companies Dominating the Market

  • Venator Materials PLC
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • BASF SE
  • Eastman Chemical Company
  • The Dow Chemical Company
  • KH Neochem Co., Ltd.
  • Saudi Basic Industries Corporation
  • OQ Chemicals GmbH
  • Solventis Ltd.
  • Galaxy Surfactants Limited
  • KH Chemicals BV

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