Press release
Paints & coatings market projected to grow at a CAGR of 5.45% during the forecast period
Paints & coatings market
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The paints & coatings market has been segmented on the basis of resin type, technology, application, and region. By resin type, the acrylic resin segment dominated the paints & coatings market in 2016. This dominance can be attributed to the growing use of acrylic resins in many applications, such as automotive, roof coating, wall coating, and construction.
Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water-Based, Solvent-Based, High Solids, Powder), Application (Architectural & Industrial), and Region - Global Forecasts to 2022
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Scope
1.3.1 Year Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities
4.2 Paints & Coatings Market, By Application
4.3 Paints & Coatings Market: Developed vs Developing Nations
4.4 Asia-Pacific: Paints & Coatings Market, By Technology and Country
4.5 Paints & Coatings Market Attractiveness
By technology, the water-based paints & coatings segment accounted for more than 45% share, in terms of volume, of the overall paints & coatings market in 2016. The water-based paints & coatings find applications in automotive, interiors of coal cars, fly ash hoppers, plastic pellet hoppers, and the architectural sector, as they offer advantages such as less flammability, low VOC emissions, and stable viscosity during printing.
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The architectural paints & coatings segment is the largest application segment of the paints & coatings market, in terms of volume. The demand from new residential and non-residential applications in the developed and developing countries is leading to the increased usage of architectural coatings.
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