Global paint market value is about US $153.9 billion in 2019

According to a research result, the global paint market value in 2019 is about US $153.9 billion, and it is estimated to be nearly US $200 billion by 2024, with an annual compound growth rate of about 5.4% The results show that acrylic resin is the most widely used resin in the field of coating It has a polymer molecular structure which is not easy to absorb ultraviolet rays Compared with oil-based coating, alkyd resin and epoxy resin, it has better weather resistance, oxidation resistance, and excellent light and color retention properties From the perspective of coating variety, acrylic coating has good comprehensive performance and moderate price, which is widely used in roof, wall and other base materials UV / EB curing coating has the characteristics of high activity, fast curing rate, long application period, good low temperature workability, low VOC, high film hardness, strong wear resistance, etc UV curing technology is widely used in the field of industrial coating, such as wood, automobile, electric wire, packaging material, metal decoration, floor and so on It is pointed out that the application demand of UV / EB curing coating in automobile field is expected to rise In addition, due to the increasingly strict environmental protection laws and regulations, the application of traditional coatings is gradually reduced, indirectly promoting the development of the global UV / EB curing coating market From the perspective of application field, the construction field will be the fastest growing field of coating application demand Architectural coatings are applied to the interior and exterior walls of buildings (such as residential buildings, commercial buildings, industrial buildings, public buildings, etc.), either by the contractor or directly by the user From the functional point of view, architectural coatings not only have decorative effect, but also have protective effect, such as for heavy rainfall, sun exposure, strong wind and other natural environment to play an effective role in resistance and protection In the aspect of decoration, architectural coatings show more and more rich decorative effects in building walls, floors, carving structure surfaces, etc Moreover, the improvement of safety awareness also promotes the application demand of fire-resistant coatings and waterproof coatings for buildings to increase year by year In addition, the application demand in the field of protection and automobile manufacturing has increased significantly, which are also the main factors to promote the development of paint market.