Rising demand for better living quarters from a new middle class has a positive effect on decorative coatings. (Source: ver0nicka - stock.adobe.com)
19. Nov 2019 | Raw materials
Five facts about decorative paints
From discount paints for your first own home to high-quality paints for professionals. Decorative paints are probably the most present paints in our everyday lives. Reason enough to present five facts about the global architectural coatings market.
The middle class is growing worldwide, especially in emerging markets. This has a direct impact on the decorative coatings market, which benefits from the new middle class investing in better housing.
For this reason, in particular, market researchers are predicting a respectable growth for decorative paints in the coming years, even if the current uncertain global economic outlook leaves a few question marks here.
Market size
The figures for the size of the decorative paint market vary depending on which market research company you ask. According to figures from IRL, the decorative paint market in 2018 was worth 59.6 billion euros and a good 32 million tonnes.
Share of the coating market
Decorative paints are the largest single segment in the global paint and varnish market and account for 54 % or more than half of the total volume. The value is slightly lower. At 42%, however, the value share is still impressive.
Important regions for architectural coatings
The largest market for architectural coatings is the Asia-Pacific region. Europe ranks second with a market share of 28%. North America ranks third with a market share of only 19%. Some markets in Africa are currently said to have particularly high growth rates, even though the continent as such still has a rather small market share.
Water widespread
The switch to water-based coatings for decorative paints is more advanced than in most other market segments. Worldwide, the figure is already 85%. Especially when it comes to heavy corrosion protection, changing solvents is difficult, so decorative paints are not quite as difficult.
Regional distribution
The regional distribution of water-based decorative paints basically follows that for all decorative paints. Deviations are mainly found in Asia and Europe. The Asia-Pacific region has a slightly higher market share of 40%, while Europe has a lower market share of 24%.
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Books
Waterbased Acrylates for Decorative Coatings
Aqueous polyacrylates, as binders, dispersing resins and thickening polymers, are nowadays impossible to do without as raw materials in the paints and coatings industry. Since their introduction in the 1950s and 60s, straight acrylic and styrene acrylic dispersions have established themselves as environment-friendly, high-performace alternatives to the solvent-borne, air-drying alkyd resin binders used principally before. The particularly wide performance spectrum and high level of variability of the polyacrylates has enabled the propagation and consistent ongoing development of this product class as binders for coating materials. This book gives an overall view of the preparation and properties of aqueous acrylic dispersions and also the special features pertaining to their use in the architectural coatings sector. Following a general introduction to dispersions and emulsion paints manufacture at the beginning of the book, specialized chapters give a deeper insight into the diverse products such as primers, masonry paints, interior paints, plasters, wood coatings and gloss emulsion paints. The book presents an picture of the preparation of acrylic binders and the formulation of architectural paints. It is aimed both at students and newcomers to the paints and coatings field as well as at experienced dispersion users and practitioners in the paints and coatings industry.
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