Intermediates for Paints & Coatings Market Segmentation:
Type Segment Analysis
The inorganic intermediates segment is estimated to gain a robust market gain of 60 % in the coming years. The segment growth can be attributed to the growing need for coatings. There is a rising need for coatings across various industries which has led to an increase in demand for inorganic intermediates, since it helps in reducing corrosion, and are suitable binders for any structural element. For instance, due to their exceptional performance, these coatings are commonly used in industries like building, painting, and other facets of daily life. They are generated chemically, changing the metal's surface layer into a metallic oxide film or compound, which minimizes corrosion.
Type Segment Analysis
The organic intermediates segment in the intermediates for the paints & coatings market is set to garner a notable share shortly. The growth of the segment is driven by rising demand for environmentally friendly coatings. Owing to stringent environmental regulations to reduce the effect of coatings on the environment the demand for organic intermediates is set to increase. Also, environmentally friendly options such as water-based technologies are becoming more and more popular with consumers. Traditional paints, varnishes, enamels, lacquers, water-emulsion finishes, and varnishes are all considered organic coatings that are frequently applied multiple times before they are thick enough to prevent corrosion. Furthermore, binders are within the broad category of organic binders which are biodegradable and are therefore seen to be safe for the environment.
Our in-depth analysis of the global market includes the following segments:
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