U.K. Paint Coating Market Outlook (2018 to 2032)
Synopsis
The above chart is U.K. Paint Coating Market Outlook (2018 to 2032)
Market Dynamics
the u.k. coatings market is projected to post steady growth over the forecast period 2018 to 2032. this could be attributed to the strong focus on enhancing overall durability and performance quality of end product, such as consumer goods and industrial components. companies are increasingly investing in research and development initiatives to introduce new products with superior end-product protection, offering adequate performance capabilities. furthermore, increasing focus on the development of bio-based coating products and stringent regulations related to hazardous emissions and residual materials could also facilitate market growth.
in the u.k., the market is predominantly driven by the increased demand for water-based, low-voc and other eco-friendly coatings. furthermore, rising awareness about the environmental benefits of waterborne coatings is also prompting manufacturers to invest in the technology. automotive coatings account for a significant share of the market and is expected to grow over the forecast period owing to the improving economic conditions in the country, increased consumer spending on vehicles and stringent regulations related to hazardous emissions.
furthermore, the growing construction activity in the country, backed by government initiatives such as the smart wall program, is expected to enhance the demand for architectural coatings. the market has witnessed significant technology advancements, with manufactures focusing on labor-efficient application techniques and launching new products. these products are designed to be applied at lower temperatures. in addition, coatings for wood and metal applications are expected to experience increased demand, with manufacturers moving away from traditional solvent-based technologies due to limited production flexibility and high environmental costs.
in the u.k., the printing, packaging, and protective coatings market is expected to witness steady growth over the forecast period. the improving economic conditions and increased investments in infrastructure coupled with the growing demand from the automotive and building industries are expected to result in sustained demand. in particular, the demand for protective coatings is expected to be driven by the regulations imposed on industrial units for emission and containment of hazardous gases, chemicals, and pollutants. furthermore, the growing trend of digitization is expected to trigger the demand for printing inks and coatings in the future, as they are used to protect printed goods such as newspapers, brochures, and product labels.