Paints
and Coatings Market strategic research study offers company accounts, industry investors, and
industry members with consequential insights to enable them to make reliable
strategic decisions regarding the opportunities in the global market.
Paints and Coatings Market
research report offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
1. Paints and Coatings market analysis based
on current industry scenario and expected future trends to enable stakeholders
take strategic decisions.
2. Analysis of the factors impacting the Paints
and Coatings market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Paints and Coatings market
top key players and their strategic moves.
5. Evaluation of Paints and Coatings market
trends to provide deep-dive intelligence into every market segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Paints and Coatings market micro-level
analysis based on application, type and geography.
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The global paints and
coatings market is expected to cross USD 227.70 billion by 2025. Paints and
coatings enable better products that are durable, much attractive, reliable,
and highly saleable. Paints and coatings are looked upon as the materials that
add value to the finished products. The paints and coatings serve three major
objectives; enabling aesthetic appeal or decorative value to surfaces and
products, enabling protection from damage from harsh environment, and tagging
specific attributes to the product. Besides, paints and coatings constitute a
specific material and design with significant texture variables.
Paints and coatings
industry is driven by factors such as rise in use of paint and coating in
automotive, construction, and marine industries. In addition, rise in
innovation in manufacturing processes and derivation of formulation
technologies propel the market growth. The market witnesses remarkable trends
such as inception of nanotechnology in the paints and coating industry.
However, increase in use of substitutes, wallpapers, and significant costs
associated with paint related activities is likely to hamper the market growth
in the near future.
Product segment for paint
and coating market includes waterborne formulations, water-based coats and
water based polyurethane. End-use segmentation for paints & coatings
industry comprises general industries, automotive, wood, aerospace, and marine.
Geographical segmentation
for paints and coatings market includes North America, South America, Europe,
Asia-Pacific, Middle East and Africa. Asia-Pacific’s paint and coating industry
is anticipated to rise at a staggering CAGR in the forecast period due to
increase in demand for paint and coating products coupled with vast presence of
paint manufacturers in these regions. In addition, rise in commercial
construction and related activities is likely to trigger the APAC market
growth.
North American and European
markets are expected to gain a significant CAGR in the forecast period due to
stringent environmental norms and precaution against hazardous chemicals.
Middle East and African regions are likely to gain a positive traction in the
forecast period due to rise in imex business. Besides, flexible pricing coupled
with ease of availability is also expected to stimulate the market growth in
the near future. The key players in the paint & coating market include PPG
Industries, AkzoNobel, Sherwin-Williams Company, Axalta Coating System, Valspar
Corporation, Nippon Paint Holdings, Jotun Group and RPM International Inc.
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