Paints And Coatings Market Competitive Analysis 2014 - 2023 : Axalta Coating Systems, PPG, AkzoNobel, Nippon Paint, Jotun Group, BASF

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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Competitive Insights:
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.

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
• Others

By Application:
• Non-architectural
• Architectural & Decorative

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.

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Table Of Content:-
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

2. Executive Summary
2.1. Key Highlights

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
...CONTINUED FOR TOC

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Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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