Liquid coatingsarethe organic constituents who consists of resins along with water andkey solvent-based carriers to ensurea good control for the functional weight together with other satisfactory adhesion, wetting, and curing properties. The coating is also known as wet coatings. It has material efficiency of about 35% that gives an attractive look to the surface on which they are applied or protect the surface from rust & damage, such as scratches, etc. It is generally applied with a spray equipment to create a uniform thickness of the paint layer. It provides corrosion & chemical resistance, noise control, wear resistance & non-stick and abrasion resistance. It is extensively used in areas where high temperatures are a commonality.
The key advantages are included exact color matching, can be applied on any kind of substrates, more resistance to heat & sunlight etc. Apart from advantages, few of the disadvantages are included less durable; take more time to get cured and ecofriendly.
According to study, “Global Liquid Coating Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global liquid coating market arePPG Industries, Axalta (Dupont) Coatings System, RPM International, Akzonobel, American Powder Coatings, Sherwin-Williams, TIGER Drylac, Valspar Corporation, Nortek Powder Coating, 3M, Midwest Industrial Coatings (MICI), IFS Coatings, Erie Powder Coatings, Masco, Hentzen Coatings, Trimite Powders, Cardinal Paint, Vogel Paint. The key manufacturers are increasingly coming up with paints & coatings that reflect heat rays away from buildings, making them heat resistant to some degree. Additionally, manufacturers have introduced innovative UV curve products for instance clear-coats that offer scratch & mar resistance. The amalgamation of innovative technologies in industrial coatings is estimated to augur well for liquid coating market.
Based on type,liquid coating market is segmented into thermoplastic liquid coating and thermoset liquid coating.Based on coating layer, market is segmented into primer, top coat, base coat and clear coat. Based on resin type, market is segmented into polyurethane, alkyd, acrylic and polyester. Based on technology, market is segmented into water borne, solvent borne and UV cure.In addition, based on application; market is segmented into indoor application, automotive industry, outdoor or architectural application and appliance & housewares.
The liquid coating market is driven by growth in construction activities, followed by increase in investments by the government on military equipment, rise in capacities of crude oil production and increase in urbanization & growth in industrialization. However, stringent regulations by government may impact the market.
Based on geography, the Asian-Pacific region holds major share in liquid coating market owing to increase in number of paints & coatings manufactures as well as growth of manufacturing facilities by coating manufacturers in the region. Whereas, European and North-American regions are projected to witness noteworthy growth due to increase indemand from medical automobiles and military applications over the forecast period. In near future, it is expected that future of the market will be bright as a result of growth in construction activities and electronic industry during the forecast period.
For More Information, click on the link below:-
Ankur Gupta, Head Marketing & Communications