Asia-Pacific Paints & Coatings Market with Attractiveness, Competitive Landscape and Forecasts to 2023 | Top Key Vendors - AkzoNobel NV, Asian Paints, Axalta Coating Systems, BASF SE, Carpoly, Chugoku Marine Paints, , Fujikura Kasai, Hempel

Marketprognosis.com Publish a New Market Research Report On “Asia-Pacific Paints & Coatings Market 2018 - 2023” which contains Asia-Pacific key player’s survey information and forecast to 2023.

Overview of the Asia-Pacific Paints & Coatings Market:

The Asia-Pacific Paints & Coatings Market is estimated to register a growth rate of 5.41% during the forecast period (2018 - 2023). China is estimated to lead the market due to the ongoing growth in the industrial and architectural sectors in the country. Architectural coatings are expected to be the fastest-growing type, by end-user industry.

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The construction industry in Asia-Pacific is expanding at a rapid rate, primarily from major economies, such as China, India, and ASEAN countries. Both the commercial and residential sectors are on a verge of rapid growth due to the rise in business opportunities in this region. Increasing government and private spending on construction is another factor boosting the construction industry. The entry of major construction players from the European Union into the lucrative markets, such as China and India, in the recent years has fueled the market growth. The Airports Authority of India is planning to develop city-side infrastructure at 13 regional airports in India, with the aid from some private firms for construction of car parks, hotels, and other facilities, in turn, propelling their non-aeronautical revenues. In China, the airport development (New Beijing Airport), roads (30,000 km of highways with bridges build or upgrade), 30,000 km of high-speed rail covering, which is expected to cover more than 80 cities, and 60% of urbanization ratio with permanent residents. Government of India has announced about INR 50,000 crore (USD 7.34 billion) for the construction of smart cities across the country. The Indian government has also announced highway projects worth USD 93 billion, including government flagship project, National Highways Building Project (NHDP), with a total investment of USD 45 billion over the coming years. These factors are expected to increase the construction activity, which, in turn, is likely to increase the usage of paints & coatings.

Paints and coatings are extensively used in the architectural sector for both exterior and interior applications. Architectural coatings are applied on the exterior of the house to not only to give them a new look but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation, without fading, peeling away, and cracking. China is the largest market for architectural coatings, accounting for around 60% of the regional market.

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China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in recent years. China’s real estate sector has been growing rapidly with increased investment by the government. In 2016, property prices in China rose by about 30% due to increased activity in the real estate space. China’s transport ministry and National Development and Reform Commission (NDRC) planned to invest USD 724 billion between 2016-2018 for constructing 303 key transportation projects, which include railways, highways, waterways, airports, and urban rail. The investment plan would enhance the country’s connectivity between the major cities, which enables wider economic and social development of the region.

Major Key Players:

1 AkzoNobel N.V.

2 Asian Paints

3 Axalta Coating Systems, LLC

4 BASF SE

5 Beckers Group

6 Berger Paints India Limited

7 Carpoly

8 Chugoku Marine Paints, Ltd

9 Fujikura Kasai

10 Hempel and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Paints & Coatings Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.