Paints & Coatings Market Rising Demand Globally and Dominated by Top Competitors like PPG Industries, Sherwin-Williams Company, Axalta Coating System LLC, Jotun A/S, Nippon, Paint Holdings Co. and Forecast to 2024
Global Paints & Coatings Market accounted for USD 152.0 billion in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Paints & Coatings Market - Industry Trends and Forecast to 2025” new report to its research database. The report spread No of Pages: 350 No of Figures: 60 No of Tables: 220 in it
Different factors such as expanding episodes of immune system issue, expanding government assistance, enhancing administrative structure, expanding computerization of research centers and rising subsidizing and repayment are persistently adding to the development of the Global Paints & Coatings Market
Market Definition: Global Paints and Coatings Market
Paints & coatings help to prevent corrosion of the material. Generally, for short period of 1-5 years single packs materials such as emulsions, alkyds, acrylics are used, for the period of 5-10 years two component materials such as polyurethanes, zinc-rich primers, epoxies, glass flakes and FRP(Fiberglass Reinforced Plastics). High tech coatings consist of cationic electrocoating materials that cover all the complex metals part from corrosion.
Major Market Competitors:
• Akzonobel N.V.,
• PPG Industries,
• Sherwin-Williams Company,
• Axalta Coating System LLC,
• Jotun A/S,
• Paint Holdings Co. Ltd.,
• Asian Paints Limited,
• Kansai Paints Co. Ltd.,
• RPM International Inc,
• Valspar Corporation,
• Tikkurila OYJ,
• Hempel A/S,
• Berger Paints India Limited,
• Shalimar Paints,
• S K Kaken Co. Ltd,
• Dunn-Edwards Corporation,
• Tiger Coatings GmbH & Co. Kg,
• Sacal International Group Ltd.,
• Diamond Vogel Paints,
• Vista Paints Corporation,
• Indigo Paints Pvt Ltd,
• Kelly-Moore Paints,
• BASF Coatings GmbH
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Competitive Landscape: Global Paints and Coatings Market
The global paints & coatings market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers:
• Stringent green environment regulations
• Growing automotive industry
• Provision of durable coatings with better performance and aesthetics
• Increasing popularity of elastomeric coating in tilt-up concrete in building and construction
Market Segmentation: Global Paints and Coatings Market
• The paints & coatings market is segmented on the basis of resin type into acrylic, polyesters, epoxy, alkyd, and others. Acrylic resins are expected to grow at the highest CAGR over the forecast period.
• On the basis of Technology, the market is segmented into water based, solvent based, high solids, powder, and others.
• On the basis of application, the market is segmented into architectural, industrial. Architectural is further segmented into residential, non-residential, and infrastructure. Industrial is further segmented into general industrial, automotive OEM, automotive refinish, wood coating, marine coating, coil coating, packaging coating, aerospace coating, others
• On the basis of geography, the paints & coatings market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected to dominate the market.
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