Beyond Color: High-Tech Paints and Coatings Shaping Tomorrow's Surfaces

The total revenue generated high-tech paints and coatings market was at USD 123.0 billion in 2022, and it will grow at a rate of 10.4% in the years to come, to touch USD 267.5 billion by 2030, as per P&S Intelligence.

The water-borne category will expand at the substantial rate, of about 9.6%, in the years to come. This is because of the fact that these alternatives are majorly put to use in architectural applications in North America and Europe as a result of the stricter VOC laws in these regions.


Though, with the increasing health and environmental concerns, the growing urbanization in the nations of the APAC, which has given rise an enormous requirement for new houses, is now powering the usage of the water-borne variants in architectural uses.
The acrylic category will grow significantly at a rate of about 9.9%, in the years to come. Professionals painting houses and other spaces will constantly make use of water-based acrylic binders, popular for their sturdiness, adaptability, and affordability.


The self-cleaning category will dominate the high-tech paints and coatings market in the coming years. This will have a lot to do with the fact that self-cleaning paints are obtainable in a wide variety, regarding functional properties and the industry they are appropriate for, including construction and automotive.


They can be also utilized as an additive for protection of various surfaces, for example the interiors and exteriors of buildings and glass panels, make electronic devices water-resistant, and offer germ and water resistance to the fabrics.


The auto sector has received government support in different ways, as well as direct involvement in plans for its reform and business subsidies. Investments in tech progressions are leading to developments in manufacturing and design, surge in the acceptance of digital driving systems, and alterations in preferences of the consumer toward EVs.


Moreover, with the aim of lowering production costs and surge profits, the world's foremost automakers invest in the production facilities in developing markets, particularly Malaysia, Vietnam, Thailand, China, and India.


APAC had the largest revenue share in the recent past. Furthermore, China leads the way, subsequently India and Japan. The requirement for architectural coatings in these countries will be on the rise because of the growing living space necessity in urban areas, as a result of urbanization and the wish of the middle-class for improving the standard of living.


Pramod Kumar

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