It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The Paints and Coatings Market report also includes a comprehensive evaluation of the Markets growth prospects and Restrictions. Furthermore, it attempts to determine the impact of Buyers, Substitutes, New entrants, Competitors, and Suppliers on the market.
Scope of the Report:
Global Paints and Coatings Market is accounted for $146.25 billion in 2017 and is expected to reach $272.35 billion by 2026 growing at a CAGR of 7.2% from 2017 to 2026.
Rising demand for the rapid pace of industrial development, green environmental regulations, growing number of end-use industries and increasing interest of the global population in architecture are driving the global market. However, factors such as stringent and regulatory policies and environmental challenges are restraining the market growth.
Some of the Key Players in the Paints and Coatings Industry Market Are
Akzonobel N.V., Asian Paints Limited, Axalta Coating System LLC, BASF Coatings GmbH, Beckers Group, Berger Paints India Limited, Diamond Vogel Paints, Dunn-Edwards Corporation, Hempel A/S, Indigo Paints Pvt Ltd, Jotun A/S, Kansai Paints Co., Ltd., Kelly-Moore Paints, Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, RPM International Inc, S K Kaken Co., Ltd, Sacal International Group Ltd. and Shalimar Paints
Marine, Packaging, Wood Coatings, Automotive, Electrical & Electronics, Energy, Telecommunication, Industrial, Architecture, Aerospace, Paper & Paperboard, Decorative Paints, Medical and Other Applications
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Paints & coatings are composed of either organic or inorganic resins and are the inseparable when it comes to industrial sectors. They are used to impart a glossy and decorative finish to the surface of a product such as metal component, equipment, walls, and others. These coatings are applied on the surface to enhance the durability as well as the performance of the products. They offer excellent adhesion, high corrosion & abrasion resistant, which made them favorable in large application spectrum. Paints & coatings market plays an important role in the chemical industry and represents massive numbers in terms of global production and consumption.
Amongst Resins, Acrylic segment held considerable market share and is expected to grow substantially over the forecast period owing to its excellent stabilization and weathering properties. Acrylic resins are extensively used in water reducible and emulsion resins for manufacturing of coats and varnishes. Its features include weather/UV resistance, optical clarity and excellent dimensional stability. The thermoplastic nature of acrylic is an advantage over epoxy and polyester.
- High-Solids Paints
- Speciality Coatings
- Solvent-borne Coatings
- Waterborne Paints
- Powder Coatings
- Pure Acrylics
- Vinyl Acrylate
- Styrene Acrylics
- Other Resins
- One Component
- Two Component
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By geography, Asia-Pacific is the largest market for the global market during the forecast period. There is an increase in demand from construction in Asia-Pacific, which is mostly backed by the expansion of the region’s increasing household activities. This increased demand, in turn, drives the market in Asia-Pacific. Presence of some of the fastest-growing economies, such as South Korea, China and India, and increasing demand from construction and automotive industries play a crucial role in driving the market in the this region.
Major TOC of Global Biosensor Market Research Report
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Paints and Coatings Industry Market, By Application
6 Global Paints and Coatings Industry Market, By Geography
7 Key Developments
8 Company Profiling
List of Tables
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Points with Potential
- To gain information about the top players in this industry, their product portfolios, and their key strategies.
- Key parameters which are driving this market and restraining its growth
- To gain insightful analyses of the market and have a comprehensive understanding of the “Paints and Coatings” and its commercial landscape
- What all challenges manufacturers will face as well as new opportunities and threats faced by them.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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