About Special Effect Paint
Special effects paints are produced by special effect pigments, which are utilized in residential and commercial paintings. The choice and orientation of nanoparticles make it feasible to create colors that are birefringent, pearlescent, and angle-dependent. It has some fundamental elements—pigments, binders, liquids, and additives. They are found in special paints inappropriate manner. These elements play an essential part in establishing the paint's quality as well as how well it works both before and after application. The main driving factor for the special effect paint market is the rising infrastructure of the paint and coating industry. The huge demand for paints, pigments, and coatings in a number of industries, residential places, and commercial premises are crating large demand for the paint industry over the years. Henceforth, the market is witnessing a positive growth. The ongoing rise in demand is underlining the requirements for advanced & techniques, and strong R&Ds which make a strong positive infrastructure for special effect paint and thereby for the market. Further, the adoption of candy and metallic paints for expensive automobiles is pushing the market toward growth openings. Whereas, the high pricing and wastage of paints create challenges for the market.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
With respect to the upcoming future, market players are taking initiatives for reducing unmet needs with their investments, regulatory initiatives in R&Ds, and further initiatives taken by manufacturers for producing environmentally free paints to reduce carbon exposure influencing in a positive manner. Such ongoing infrastructural changes pointing the market growth potential and further aim toward rising market values. 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.
The Sherwin-Williams Company (United States), Akzo Nobel N.V. (Netherlands), Kansai Paint Co.,Ltd. (Japan), Nippon Paint Holdings(Japan), Asian Paints (India), PPG Industries, Inc. (United States), CARPOLY (China), Berger Paints India Limited (India), Cromas Paints (Italy), Stardust Colors SAS (France), SIAG CHEMICALS GROUP (Egypt), Hempel A/S (Denmark), Astra Vernici S.r.l. (Italy), Indestructible Paint Limited (United Kingdom) and Ultratech Texture Paints Pvt. Ltd. (India) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Special Effect Paint market by Type (Candy Paints, Colour Changing Paints, Texture Paints, Luminous Paint and Others), Application (Industrial, Commercial and Residential) and Region. On the basis of Type, Texture Paint are dominating the market in the year 2021
where as Candy Paint, Metallic Paint stood as second largest market share.On the basis of application, Residential segment is dominating the market in the year 2021 where as Industrial, Commercial segment stood as second largest market .
On the basis of geography, the market of Special Effect Paint has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Asia Pacific region held largest market share in the year 2021. Europe and North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Special Effect Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Buzz in the market with “Mood Paints” and Utilization of Photo luminescent Colours across Industries
Market Growth Drivers:
Growing Demand for Special Effects Paints for Decorating Home Interiors and Paints Producing Visual Effects Seem to be more Lively
Special Effects Paint is Getting More Expensive and The Leftover Paint Problem
Strengthen Regulations regarding Paint Compositions and Fluctuation in Raw Material Availability
Accelerating Premium Automotive towards Glossy & Colour Changing Paints, Working Places Utilizing Special Effects to Relieve Mental Strain and Vendors aiming towards Environmental Friendly Paints & Sustainability
Market Leaders and their expansionary development strategies
In November 2021, Nippon Paint Automotive acquired 40% Stake in Nanjing NBC, Guangzhou NBC, Changchun NBC, Tianjin NBC and Wuhan NBC. With this acquisition, the company has expanded its operational capacity. and In 2020, AkzoNobel and BYK-Gardner digitize surface texture for powder coatings. Now the firm is entering new territory with the aid of pioneering technology developed by BYK-Gardner, which can digitally measure and control the textured surfaces of powder coatings.
In June 2022, AkzoNobel invested in a new production line for water-based texture paints at its Songjiang site in Shanghai, China, boosting capacity for supplying more sustainable products. and In 2021, Using biomimicry, AkzoNobel experts finally cracked the code for Mood Paint. The unique formula contains thermotropic liquid crystals that have been modified to react with pheromones emitted by people nearby. As the crystals move, they absorb and reflect different wavelengths of light, resulting in the paint changing color in real time
Key Target AudienceSpecial Effect Paint Manufacturers, Special Effect Paint Suppliers/ Distributors, Paint & Coatings Industrialist, Raw Material Providers, New Entrants/Investors, Strategic Business Planners, Venture Capitalists, Government Associations, Research Organizations and End Users
About ApproachTo 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.