Intermediates for the Paints & Coatings Market Share

APAC Market Statistics

Intermediates for the paints & coatings market in Asia Pacific are predicted to account for the largest gain of 38 % during the forecasted period. The market growth in the region is impelled by rising urbanization in the region. For instance, as more and more people are shifting towards urban areas, the need for houses and other commercial buildings has increased in the region. This has led to a rise in demand for intermediates for the paints & coatings since these projects widely utilize paints and coatings for various purposes. In addition, construction activities are increasing in countries such as India, Southeast Asia, and South America to keep up with rising rates of urbanization. Furthermore, it is anticipated that more than 50% of Asia's population will be urban by 2030.

North American Market Forecast

North America intermediates for the paints & coatings market are estimated to hold a tremendous share, between 2023 and 2036. The growth of the market can be led by rising demand for paint and coating in industries such as automotive, construction, and aerospace in the area. This has resulted in the increased demand for the intermediates such as resins, epoxy, pigments, and solvents in these sectors.