Paints & Coatings Market 2018 | Worth USD 220.04 Billion By 2023 | Top Most Players: Axalta Coating Systems, PPG, AkzoNobel, Nippon Paint, Jotun Group, BASF, Valspar, RPM International Inc and Sherwin-Williams

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Regional Outlook and Trend Analysis:
Asia Pacific was the biggest territorial market in 2016 that generated an aggregate income of more than 16.20 million tons around the same time. The locale is likewise anticipated to be the quickest developing business sector over the figure time frame. Quickly extending construction and automobile enterprises in the district is foreseen to be the main considerations driving interest for these products over the figure period. Demand in the North American locale was assessed to be around 11.10 million tons in 2016 and is foreseen to develop with a significant CAGR over the gauge time frame.

Major Key Players:
The leading players in the market are Axalta Coating Systems, PPG, AkzoNobel, Nippon Paint, Jotun Group, BASF, Valspar, RPM International Inc and Sherwin-Williams. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Industry Outlook and Trend Analysis:
The Paints & Coatings Market was worth USD 137.78 billion in 2014 and is expected to reach approximately USD 220.04 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.34% during the forecast period. The growth is attributable to growing utilization in various end-use industries such as automotive, marine, construction and industrial to be the major ones. Despite the fact the several of these factors are outside the ability to control of coats and glaze formulators, raw material, manufacturers and merchants and marketers, the industry has quickly reacted incredibly to these essential changes in market situations. This has been conceivable attributable to the advent of different imaginative manufacturing procedures and technologies that pushed the business players to in a flash alleviate to various potential negative effects and amplified their chances for carrying development to the decorates & glaze products.

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Product Outlook and Trend Analysis:
Waterborne formulations were the biggest product fragment which generated income worth of over USD 49.70 billion in 2016. Water-based coats fragment is anticipated to witness significant development over the estimate time frame inferable from expanding request from a few application divisions including furniture, construction and automobile industries. Solvent-based formulations are the most ordinary ones for manufacturing the completed compositions. Lacquer thinner, aliphatic hydrocarbons, toluene and xylene are the absolute most usually used solvents in the business. The solvent-based product market has experienced a change in outlook because of unfavourable consequences on the environment in view of unstable natural mixes in petrochemical solvents.

Material Type Outlook and Trend Analysis:
Acrylic segment was the biggest material section, which was esteemed over USD 60.50 billion in 2016 and is foreseen to become significantly over the figure time frame inferable from its phenomenal adjustment and weathering properties. Acrylic resins are generally used as a part of water reducible and emulsion resins for assembling of coats and varnishes. Its qualities incorporate weather/UV resistance, optical clarity, and excellent dimensional stability. The thermoplastic idea of acrylic is favourable over epoxy and polyester. Polyurethane was the quickest developing raw material fragment inferable from its incredible properties of long term protection from corrosion and retaining gloss.

Application Outlook and Trend Analysis:
The decorative and architectural coats section is the biggest application fragment in 2016. The architectural coatings demand is expected to develop at a CAGR of more than 4.5% over the figure time frame. Expanded construction spending in rising nations is foreseen to trigger the interest for kinds of varnishes and coats in structures and development, which thus is foreseen to drive the development of this division. The surging demands for coats by water-based and powder based coatings because of changing customer inclination is foreseen to profit the general product demand.

The Paints & Coatings Market is segmented as follows-
By Product: Powder-based, Solvent-borne, High solids/radiation curing, Waterborne, Others

By Material: Alkyd, Epoxy, Acrylic, Polyurethane, Polyesters and Others

By Application: Non-architectural and Architectural & Decorative

By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)

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Major TOC of Paints & Coatings Market:
Part 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Part 2. Executive Summary
2.1. Key Highlights

Part 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

Part 4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2014-2023)
4.3.2. Japan Market States and Outlook (2014-2023)
4.3.3. Korea Market States and Outlook (2014-2023)
4.3.4. India Market States and Outlook (2014-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2014-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2014-2023)
4.4.2. Argentina Market States and Outlook (2014-2023)
4.4.3. Columbia Market States and Outlook (2014-2023)
4.4.4. Rest of South America Market States and Outlook (2014-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2014-2023)
4.5.2. UAE Market States and Outlook (2014-2023)
4.5.3. Egypt Market States and Outlook (2014-2023)
4.5.4. Nigeria Market States and Outlook (2014-2023)
4.5.5. South Africa Market States and Outlook (2014-2023)
4.5.6. Rest of MEA Market States and Outlook (2014-2023)

Part 5. Paints And Coatings Market, By Product
5.1. Introduction
5.2. Global Paints And Coatings Sales, Revenue and Market Share by Product (2014-2018)
5.2.1. Global Paints And Coatings Sales and Sales Share by Product (2014-2018)
5.2.2. Global Paints And Coatings Revenue and Revenue Share by Product (2014-2018)
5.3. High solids/radiation curing
5.3.1. Global High solids/radiation curing Sales and Growth Rate (2014-2018)
5.4. Powder-based
5.4.1. Global Powder-based Sales and Growth Rate (2014-2018)
5.5. Waterborne
5.5.1. Global Waterborne Sales and Growth Rate (2014-2018)
5.6. Solvent-borne
5.6.1. Global Solvent-borne Sales and Growth Rate (2014-2018)
5.7. Other Products
5.7.1. Global Other Products Sales and Growth Rate (2014-2018)

…CONTINUED FOR TOC

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