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Researchnews24

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Researchnews24

July 31, 2023 9:08 am

High-Tech Paints and Coatings Market To Touch USD 267.5 Billion by 2030 To download free sample pages of this report@ https://bityl.co/KBeq The total revenue generated high-tech paints and coatings ... View MoreHigh-Tech Paints and Coatings Market To Touch USD 267.5 Billion by 2030 To download free sample pages of this report@ https://bityl.co/KBeq The total revenue generated high-tech paints and coatings market was at USD 123.0 billion in 2022, and it will grow at a rate of 10.4% in the years to come, to touch USD 267.5 billion by 2030, as per P&S Intelligence. The water-borne category will expand at the substantial rate, of about 9.6%, in the years to come. This is because of the fact that these alternatives are majorly put to use in architectural applications in North America and Europe as a result of the stricter VOC laws in these regions. Though, with the increasing health and environmental concerns, the growing urbanization in the nations of the APAC, which has given rise an enormous requirement for new houses, is now powering the usage of the water-borne variants in architectural uses. The acrylic category will grow significantly at a rate of about 9.9%, in the years to come. Professionals painting houses and other spaces will constantly make use of water-based acrylic binders, popular for their sturdiness, adaptability, and affordability. The self-cleaning category will dominate the high-tech paints and coatings market in the coming years. This will have a lot to do with the fact that self-cleaning paints are obtainable in a wide variety, regarding functional properties and the industry they are appropriate for, including construction and automotive. They can be also utilized as an additive for protection of various surfaces, for example the interiors and exteriors of buildings and glass panels, make electronic devices water-resistant, and offer germ and water resistance to the fabrics. The auto sector has downloadd government support in different ways, as well as direct involvement in plans for its reform and business subsidies. Investments in tech progressions are leading to developments in manufacturing and design, surge in the acceptance of digital driving systems, and alterations in preferences of the consumer toward EVs.

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High-Tech Paints and Coatings Market Growth Insights, 2030

bityl.co

The high-tech paints and coatings market size stood at USD 123.0 billion in 2022, and it is expected to grow at a compound annual growth rate of 10.4% during 2022–2030.

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