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Paints

What is the paint sector?

The paint sector is one of the most vital and profitable segments of the chemical industry. It focuses on paints for functional and decorative purposes. These include protecting surfaces from harmful influences and enhancing their attractiveness. The sector also encompasses the services associated with these products. Examples include manufacturing, distribution, marketing, sales and application. It results in an industry that features over 2,800 enterprises.

Is the sector extensive?

It is a sector with an extensive network due to the wide range of applications of paints. For example, they are used in construction, aerospace and automotive industries. The shipping and packaging industries also employ them. The motorbike, printing, metal, woodworking, and hobby sectors likewise use them. Furthermore, they are utilised in the plastics, furniture, petrochemical, energy and architectural sectors. Also, they are used in interior design, electronics, and healthcare. Likewise, they are applied in the defence and pharmaceutical industries. The textile, clothing, and semiconductor industries also use paints and varnishes. As a result, the sector employs over 518,300 specialists.

Is the sector of high value and innovation?

As a result, high value characterises the paint sector. For example, the sector, along with the coatings segment, has recently reached a total market size of over $200 billion. The sector often researches the latest trends and challenges. It also introduces innovations related to such studies. Such novel solutions are presented in various ways. These include the annual and bi-annual trade exhibitions. These attract tens of thousands of participants.