About Special Effects Paints
Special paints created by extraordinary products capable of imparting the desired appearance to glass, wood, plastic, or metal surfaces. All of the paints are made according to a specific formula, making them ideal for industrial or handmade use. Special effect paints differ from standard coloured paints in that they contain components that can change, react, or produce different visual effects. Most of the specialised paints we use are cutting-edge in terms of innovation, with nearly limitless applications. Increasing applications in cosmetics, paints, and coatings, as well as rising demand due to its wide range of applications, drive market growth. The Asia-Pacific region dominated the global market, with China, India, and Japan consuming the most.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Special Effects Paints is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
RPM International (United States), Axalta Coating Systems (United States), Asian Paints (India), PPG (United States), AkzoNobel (Netherlands), Kansai Paints (Japan), Sherwin-Williams (United States), Nippon Paint (Japan), Berger Paints (India), Duluxgroup (Australia), SK Kaken (Japan), StardustColors SAS (France) and Carpoly (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Special Effects Paints market by Type (Texture Effects, Colour Changing Effects and Others), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Special Effects Paints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Special Effects Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Standard will boost the Special Effects Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Special Effects Paints Market Dynamics:
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Growth Drivers | - Rising Industrial Expenditure of Automotive, Aerospace & Defence, Construction and Others
- Growing Demand for Special Effects Paints in Routinely Industrial Activities Like Measuring Surface Temperatures and Quality Control of Equipment
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Influencing Trends | - Huge Demand for Special Effects Paints in Medical and Healthcare
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Restraints | - Disruption in Manufacturing and Industrial Activities owing to Covid 19
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Road Blocks / Challenges | - Intense competition Among Players
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Gaps & Opportunities | - Increasing Demand for Special Effects Paints in Construction Industry has created Growth Opportunities
- Rising Popularity of Irreversible Special Effects Paints
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Market Leaders and their expansionary development strategies
On 1 April 2021, Asian Paints, announced that it was acquiring majority stake in two companies – White Teak and Weatherseal Fenestration. The move comes as it looks to improve presence in home improvement and decor categories.
On 28 SEPTEMBER 2021 Axalta, a leading global supplier of liquid and powder coatings, has officially opened its new, state-of-the-art, sustainable facility in the Netherlands to strengthen its Dutch refinish business further. The ultramodern, strategically located facility in the Tiel municipality enables Axalta to provide more customers with its industry-leading refinish paint and non-paint products and services., On 17 August 2021, Axalta Coating Systems, the global supplier of liquid and powder coatings, has launched the Acquire Color Compact spectrophotometer in markets across the Asia Pacific region including India, China, Korea, Southeast Asia and Australia. and On 17 June 2022, PPG announced the introduction of PPG ENVIROCRON™ LUM coating, which is the industry’s first commercial retroreflective powder coating. The patent-pending coating is engineered to help improve visibility at night and during low-light conditions.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.