The global Paints And Coatings Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Paints And Coatings Market
study offers an exhaustive summary of the vendor landscape, competitive
analysis, and key strategies to gain ruthless advantage. Paints And Coatings
Market Forecast provides sizing and growth opportunities. It provides comprehensive
insights on the latest industry trends, forecast, and growth drivers in the
market. it also includes a detailed analysis of growth drivers, challenges, and
investment opportunities and delivers a complete overview of segments and the
regional outlook of the market.
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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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