What is Paint and Varnish?
Paint and varnish are used in residential, commercial, and industrial applications, available based on different materials such as vinyl and acrylic polymer-based, polymer-based, polyester-based, etc. Paint is the pigmented liquid applied to the wall in a thin layer and is converted into a solid film after drying. it is usually used to protect, provide texture and colored appearance to the object, it is available in various colors and in different types. Whereas varnish is the transparent hard protective film with no color ad no pigment in it can be applied to the products to make it look smooth and provide a great finish. It is generally used in the wood finishing, offering gloss and protection to the wood product and prevents it from any other stains.
The market study is broken down by Type (Aqueous and Non-aqueous), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
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.
Akzo Nobel N.V. (Netherlands), DuPont de Nemours, Inc. (United States), BASF SE (Germany), Sherwin-Williams Company (United States), PPG Industries, Inc. (United States), RPM International Inc. (United States), Nippon Paint (India), Saveto Group (Saudi Arabia), Oasis Ameron Company Ltd (Saudi Arabia) and Jazeera Paints (Saudi Arabia) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Paint and Varnish market by Type, Application and Region.
On the basis of geography, the market of Paint and Varnish has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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. Supermarket will boost the Paint and Varnish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Vinyl and Acrylic Polymer Based will boost the Paint and Varnish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
"The VOC contents of paints and ancillary products are regulated by the Volatile Organic Compounds VOC in Paints, Varnishes and Vehicle Refinishing Products Regulations 2012:1715. These cover the decorative and vehicle refinish sectors. They require that the VOC content of products, in their intended ready for use state, will not exceed the VOC limits applicable to the relevant product category. Labels are required to carry an indicatio0n of the VOC content of the actual product and limit for the category."
Market Trend
- Availability of Paint and Varnish in Various Colors Brands
Market Drivers
- Growing Construction and Building Activities Across the World
- Demand for the Protective Finish and Colorful Layer Finish to the Walls for Better Appearance
Opportunities
- Online Availability of Paint and Varnish Products
- Growing Spendings of People on Paint and Varnish
Restraints
- Health-related Side Effects and Environment Concerns Associated with Paint and Varnish
Challenges
- Stiff Competition in the Paint and Varnish Market
Key Target Audience
Paint and Varnish Manufacturers, Paint and Varnish Service Providers, Paint and Varnish International Traders, Paint and Varnish Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.