Paints
Paint is any pigmented liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. Paint can be made or purchased in many colors—and in many different types, such as watercolor, synthetic, etc. Paint is typically stored, sold, and applied as a liquid, but most types dry into a solid.
Paint is essentially a coating or covering material applied on metallic or non-metallic surfaces for decorative or protective purposes.
Paint is used to decorate, protect and prolong the life of natural and synthetic materials, and acts as a barrier against environmental conditions. Paints may be broadly classified into Decorative paints, applied on site to decorate and protect buildings and other objects, and Industrial coatings which are applied in factories to finish manufactured goods such as cars.
The Indian paint market is expected to reach Rs 709 bn by 2019-20 from around Rs 403 bn in 2014-15. The per capita paint consumption in India which is a little over 4 kgs is still very low as compared to the developed western nations. Therefore, as the country develops and modernizes, the per capita paint consumption is bound to increase.
The paints sector is raw material intensive, with over 300 raw materials (50% petro-based derivatives) involved in the manufacturing process. Since most of the raw materials are petroleum based, the industry benefits from softening crude prices.
The unorganised sector controls around 35% of the paint market, with the organised sector accounting for the balance. In the unorganised segment, there are about 2,000 units having small and medium sized paint manufacturing plants. Top organised players include Asian Paints, Kansai Nerolac, Berger Paints and ICI.
Automotive paint, one of the most vital parts of automobile, is applied on automobiles to preserve them from UV rays, corrosion and oxidation. They are used extensively for painting exterior and interior of automobiles and serve a dual purpose of decoration as well as protection. The different products that fall under automotive paints are electro coats, powder coats, basecoat and clear coat. Availability of various choices of color is boosting the automotive paints market.
Varnishes
Varnish is a clear transparent hard protective finish or film. Varnish has little or no color and has no added pigment as opposed to paint or wood stain which contains pigment. However, some varnish products are marketed as a combined stain and varnish. Varnish is primarily used in wood finishing applications where the natural tones and grains in the wood are intended to be visible. It is applied over wood stains as a final step to achieve a film for gloss and protection. Varnish finishes are usually glossy but may be designed to produce satin or semi-gloss sheens by the addition of "flatting" agents.
Varnish is a transparent, hard, protective finish or film primarily used in wood finishing but also for other materials. Varnish is traditionally a combination of a drying oil, a resin, and a thinner or solvent. Varnish finishes are usually glossy but may be designed to produce satin or semi-gloss sheens by the addition of "flatting" agents.
Varnish is a type of clear finish. It is composed of a solvent, resin and oil. Varnishes are available in a variety of finishes, including satin, gloss, and semi-gloss. Varnish has no color or pigment. It is translucent, which allows the natural characteristics of a piece of wood to be seen. Carpenters, woodworkers and cabinet makers typically add varnish to pieces to give them a glossy sheen. The varnish also adds a barrier that protects the wood against damage, including scratches and dents.
Global Paint and Varnish Market is expected to grow significantly in the forecast period owing to the increasing development worldwide. Paint is the coating applied on the walls or surfaces for decoration. The material is either available in oil-based or water-based form; it prevents corrosion and completely hides the applied surface. Varnishes are the transparent liquids that offer protective surface coating like paints. They do not completely hide the surface but add glossy finish to it. Varnish normally contains resin, thinner or solvent and drying oil.
Wood varnishes are used to provide finishing to wooden surfaces. The application of varnish on wooden surfaces enhances their aesthetic appearance and provides resistance against moisture and other environmental agents. Wood varnishes are usually transparent in colour. They seal the pores on the wooden surface and thus, prevent the action of microorganisms, which could potentially damage the surface.
