| paints and coatings market |
Automotive and architectural applications require the use of paint coatings. Imagine your car loses its shine because there is no coating? Or how would your house look from the outside without wall painting? Many manufacturing companies and contractors have long acknowledged the importance of paint coatings, which drives the growth of the paints and coatings market across the globe.
According to a prominent research firm, the paints and coatings market size reached USD 264.7 billion in 2020 and would achieve USD 421.9 billion in 2028. This rapid growth is owing to the surge in construction projects and government support for numerous public infrastructure ventures.
What are The Benefits?
The popularity of this market is due to the many benefits and the importance of this product across various industries.
- Provide durability and protection
One of the major advantages of this product is its outstanding durability and superior protective qualities. Typically, coating boasts a lifespan of several years and provides exceptional defense against UV harm, bird droppings, and other risks commonly encountered during daily use.
- Impervious to contamination
Paint coatings offer superior resistance to dust and dirt in comparison to traditional protection methods, ensuring your vehicle remains cleaner for extended durations. Thanks to the excellent hydrophobic characteristic, drying becomes quicker and more effortless.
- Provides hardness
Paint coatings tend to be tougher than vehicle’s clear paint, thus reducing the risk of minor scratches on the paint. It is worth noting that coatings are susceptible to scratching, but they play a role in mitigating the accumulation of minor flaws over time. This indicates that the necessity for polishing your vehicle will be less frequent.
- Measured thickness
Because paint coatings add thickness, any minor imperfections that develop after the application will be contained within the coating rather than affecting the clear paint. The thick protective layer also ensures that bird droppings and other damaging contaminants do not touch the clear paint.
- Radiance and shine
Finally, the impressive gloss of paint coatings ensures that your vehicle looks great, requires less maintenance, and receives robust protection.
The Downsides
However, there are some challenges that this product is facing.
- High cost
The price of coating products is considerably higher than that of many traditional protection alternatives. Due to their small volume packaging, coatings are often seen as prohibitively expensive by most consumers. These coatings use minimal products to cover a vehicle completely, since they are applied thinly, allowing small bottles of product to potentially coat numerous vehicles.
- Needs additional prep work
While you can apply traditional waxes or sealants directly to a painted surface, coatings need thorough preparation. Achieving near-perfect polishing is essential because any existing defects will be trapped under the coating, making future removal more challenging.
- More complicated application
The application of coatings requires greater time and attention to detail than traditional sealants or waxes. Coatings are sensitive to environmental factors like humidity and temperature, that is why it requires close monitoring for successful application.
Despite the advantages and disadvantages, there has been an increased interest in the paints and coatings market which will bolster its development.