May 3, - Different Kinds of Paint and When to Use Them. Flat. Flat finish coats are latex-based and usually used for ceilings. Flat finish is best used on siding and, because of its latex materials, it is resistant to water damage. Eggshell. Eggshell finish is generally more durable than flat finish. Gloss and Satin. The most. Sep 6, - Oil paints, in general, dry slower than other types of paints, but they happen There are two different types of latex paint, interior and exterior.