The paints and coatings market is set to experience development driven by factors such as construction spending, rapid urbanization and increasing household consumption.
Market by Product Type, Coat Type, Vehicle Type, End-users, ..
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Market by Product Type, Coat Type, Vehicle Type, End-users, ..
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Market by Product Type, Coat Type, Vehicle Type, End-users, ..
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Market by Product Type, Coat Type, Vehicle Type, End-users, ..
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Market by Product Type, Coat Type, Vehicle Type, End-users, ..
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Market by Product Type, Coat Type, Vehicle Type, End-users, ..
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Asia Pacific market dominates the global paint market. China is the largest shareholder in the APAC paints market and continues growing at a rapid pace. The paints industry is mainly divided into decorative and industrial. The decorative segment dominates around 75% of the paints industry, and the industrial segment accounts the remaining value. The paints and coatings market is set to experience development driven by factors such as construction spending, rapid urbanization and increasing household consumption.
Titanium dioxide accounts for nearly 20% of the manufacturing cost. The other major raw materials are resins (binders), pigments, solvents and additives.