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Magnetic paint is a pre-mixed, lead free, and water based latex primer that can be coated with commonly available paints. Non-rusting magnetic particles are properly mixed with water based latex and applied on the walls by using a foam roller or brush. With magnetic paint, walls can serve as floor to ceiling magnetic play or workplace areas. Typical applications of magnetic paint include commercial, industrial, residential, educational, and medical facilities. Magnetic paint eliminates installation of expensive bulletin or cork boards. Artwork, posters, plans, and drawings can be hung with non-invasive magnets, saving the wear and tear that is normally associated with tapes and glue. It is recommended to apply several layers of magnetic paint in order to increase the magnetic effect of the paint. Magnetic paint does not create a magnetic field; as a result, it does not affect magnet-sensitive equipment including pacemakers, mobile phones, televisions, and computers. Proper surface preparation is considered an essential requirement for long-lasting finish. Magnetic paint can be coated with any color latex or enamel paint or wall paper.
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Growth in the interior design sector is one of the significant drivers of the global magnetic paint market. Consumers can affix picture frames, artwork, chalkboards, etc. to any surface. Thus, magnetic paints help home decorators to easily arrange and re-arrange items on wall surfaces without sticky adhesives or nails. Increase in demand from the commercial infrastructure is another key factor fueling the magnetic paint market. Most luxurious restaurants and apartments concentrate on improving the esthetic look with the usage of magnetic paints. Magnetic paint is regarded one of the best solutions for offices, conference rooms, studios, and hospitals .Magnetic paints are especially recommended for kindergartens and schools as a smart and secure alternative to needles and nails.
Based on application, the global magnetic paint market can be segmented into commercial, industrial, residential, educational, and medical facilities. In terms of substrate, the global magnetic paint market can be classified into wood, metal, glass, and plastics. Resins used for manufacturing magnetic paints can be primarily categorized into acrylic and epoxy resins.
The global magnetic paint market expanded at a moderate pace in 2016. This trend is expected to continue during the forecast period. In terms of geography, the magnetic paint market can be segregated into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. The magnetic paint market in Asia Pacific is projected to expand at a significant pace owing to the rapid urbanization and infrastructure development in countries such as China, India, and those in the ASEAN sub-region. Demand for magnetic paints in North America and Europe is anticipated to remain attractive owing to the rise in demand from the interior design sector. In Europe, advancements in various technologies are expected to spur the market in the upcoming years. Rapid industrialization and developmental activities in Middle East & Africa, particularly in the construction sector, are likely to fuel the magnetic paint market in the region. Recovery in the architectural and hence the interior design sector in the next few years is projected to positively impact the magnetic paint market in Latin America.
High degree of competition exists in the global magnetic paint market. Key players operating in the global magnetic paint market include IdeaPaint Inc., Kling Magnetics, Rust-Oleum, Smarter Surfaces U.K., and Juz Paint (SEA) Pte Ltd. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa) The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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