Industrial market research firm, Ceresana Research has released a new market research report on the varnish and paint market in the Europe titled ‘Market Study: Paints and Varnishes’. The report provides comprehensive analysis of the varnish and paint markets in 30 countries in Europe.
The report examines the major applications such as glass and ceramic coatings, corrosion protection varnishes, coatings for plastics, transport industry, wood processing and construction industry. It provides forecasts on market risks and opportunities until 2018 and extensive company profiles on 138 major players of the European varnish and paint market.
According to the report, sales of the European varnish and paint market will reach €27.7 billion by 2018. The construction industry’s share will decrease continuously and will reach 56% by 2018. However, the increasing demand for dispersion paints in Eastern Europe will have an impact on this trend. Industrial varnishes experience a greater demand in Turkey, Poland and Russia. Demand for epoxy-based goods, acryl varnishes and powder coatings have also increased. Value of the transport industry in the paint and varnish market is nearly 15% even though its actual demand accounts for below 8%.
Majority of producers create eco-friendly and solvent-free varnishes and paints that are ideal for internal coatings and steel containers. By decreasing the emissions of volatile organic compounds, these products help in reducing the environmental footprint. Many companies are involved in the development of products that offer special characteristics in addition to heat insulation. According to the report, nanotechnology is the future application to be used in self-cleaning of antibacterial coatings.
Source: http://www.ceresana.com/