Paints and Coatings Market: Huge Demand Witnessed In the Building & Construction Industry: Market Study Estimated to Grow Strongly by 2019

The huge demand witnessed in the building and construction industry is the chief driver of the global paints and coatings market. This, coupled with the increasing demand for waterborne coatings has enabled the paints and coatings market exhibit strong growth, which is expected to continue through the forecast period between 2013 and 2019.

The global paints and coatings market includes various liquid and power-based paints and varnishes. They primarily serve two purposes, vis-à-vis, enhancing look and ensuring protection. A major share of the demand witnessed in the market arises from the buildings and construction segments as paints and coatings are used to protect the surface they are applied on against weathering and rust, thus improving durability of structures.

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Transparency Market Research (TMR) forecasts, the global paints and coatings market to exhibit a CAGR of 5.4% between 2013 and 2019. At this pace, the market will reach from a valuation of US$100.3 bn in 2013 to US$143.9 bn by the end of 2019. The report provides a holistic overview of the global paints and coatings market segmenting it based on diverse parameters. This not only helps provide an executive-level blueprint of the market’s current landscape but is also intended to help market participants identify the most lucrative segments. It thus compiles exhaustive information aimed at helping the readers get a better perspective of the global paints and coatings market.

Waterborne Coatings to Emerge as the Dominant Product Segment

By product, the demand for waterborne coatings is soaring higher than other segments in the paints and coatings market. The waterborne coatings segment also emerged dominant in 2012, accounting for over 40% of the demand witnessed in the market. The solvent borne technologies trailed closely, emerging as the second-leading product segment in the market. However, stringent regulations with regards to VOCs are likely to hamper growth witnessed in the solvent borne technologies segment over the course of the forecast period. Meanwhile, growth exhibited by the powder coatings segment is expected to pace higher owing to the increasing demand from automotive, construction, and electronics sectors. Besides this, the demand for specialty coatings is expected to remain steady through the course of the forecast period.

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Rest of the World to Beat Other Regional Market based on CAGR

Regionally, the global paints and coatings market can be segmented into Asia Pacific, Europe, North America, and Rest of the World. Among these regions, Asia Pacific emerged dominant with a share of 39% in the overall market in 2012. The soaring construction activities have been aiding the expansion of the paints and coatings market in Asia Pacific. Besides this, the market is also witnessing lucrative opportunities in Europe. The rising demand from the automotive and aviation industries will propel growth witnessed by the Europe market for paints and coatings. Meanwhile, Rest of the World is likely to beat other regions in terms of CAGR exhibited over the course of the forecast period. The rising demand for paints and coatings in the Middle East, South America, and Latin America will bolster opportunities for the market in Rest of the World.

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

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